Medical Plastic Compound Market is expected to reach a revenue of USD 119.4 Bn by 2033, at 7.8 % CAGR: Dimension Market Research [Yahoo! Finance]
Baxter International Inc. (BAX)
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Source: Yahoo! Finance
New York, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Market Overview The Medical Plastic Compound Market size is expected to reach USD 60.8 billion by 2024 and is further anticipated to reach USD 119.4 billion by 2033 a CAGR of 7.8% according to Dimension Market Research. A medical plastic compound is a specially formulated blend of plastic materials intended for medical applications. These compounds are meticulously designed to meet rigorous standards, including biocompatibility, chemical resistance, and durability. They are widely used in creating various medical devices, equipment, and packaging within the healthcare industry. To ensure safety and effectiveness, these compounds must adhere to regulatory standards established by relevant authorities. The market share for medical plastic compounds is anticipated to grow significantly due to the increasing demand for healthcare and evolving regulations that promote the use of sustainable plastic materials, fostering market expansion. C
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