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Medical Robots Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2032
Market Size – USD 7.99 Billion in 2022, Market Growth – at a CAGR of 16.5%, Market Trends – Labor shortages in North America

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Needle free Injection Systems Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast Till 2030
Market Size – USD 120.7 Million in 2021, Market Growth – at a CAGR of 17.5%, Market Trends – Increasing incidence of communicable diseases due to needlestick injuries

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The global antimicrobial plastics market size was valued at USD 41.19 billion in 2022 and is expected to be worth USD 43.94 billion in 2023. The market is projected to reach USD 73.65 billion by 2030, recording a CAGR of 7.7% during the forecast period.

Antimicrobial agents are incorporated into plastic products to boost their functionality. These additives play a vital role in decreasing the growth of harmful microbes, such as algae, bacteria, yeast, and fungi. Plastics that are fused with antimicrobial additives have showcased better performance than conventional plastics. The antimicrobial and anti-mold properties of these plastics can enhance the hygiene and lifespan of various products, such as medical equipment, packaging films, kitchen utensils, and kids’ toys. These properties are expected to boost the antimicrobial plastics market growth. Fortune Business Insights™ displays this information in a report titled, "Antimicrobial Plastics Market, 2023-2030."

Segmentation:

Rising Demand for Silver-based Additives to Increase Adoption of Inorganic Additives

Based on additive, the market is divided into inorganic and organic. Inorganic additives captured the largest antimicrobial plastics market share in 2022 as silver-based inorganic additives are being widely used in the packaging industry due to their antimicrobial and antibacterial properties.

Expansion of Packaging Industry to Boost Usage of Commodity Plastics

Based on type, the market is segmented into commodity plastics, engineering plastics, and high-performance plastics. The commodity plastics segment is predicted to dominate the market during the forecast period as these plastics are finding robust use in the ever-expanding packaging industry. They are used for a wide range of packaging applications, such as physical photographs, electronics, and pharmaceuticals.

Medical & Healthcare to Increase Reliance on Microbe-Resistant Plastics to Prevent Cross-Contamination

Based on application, the market is bifurcated into medical & healthcare, packaging, consumer goods, automotive, building & construction, and others. The medical & healthcare application segment is predicted to hold a major market share as these plastics reduce the risk of cross-contamination by preventing the growth of harmful microbes on the surface of medical devices.

With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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