Plastics are increasingly used in various industries and medical plastics cannot be ignored

Update:12-10-2019
Summary:

Plastics are increasingly used in various industries, a […]

Plastics are increasingly used in various industries, and medical plastics cannot be ignored.

The potential of medical devices and medical packaging cannot be underestimated

With the economic development, population expansion, social aging and health awareness, the global medical industry is growing rapidly. MarketsandMarkets, a global market research and consulting firm, predicts that the global market for medical plastics will reach $6.9 billion by 2020, with an average annual growth rate of 7% from 2015 to 2020. According to data from the Institute of Packaging and Processing Technology (PMMI), a leading global information organization in the processing and packaging sector, global sales in the pharmaceutical industry reached $1.1 trillion in 2015, while medical device sales reached $350 billion.

The potential of medical devices and medical packaging cannot be underestimated. In the current medical device industry, modern medicine is accelerating toward the trend of automation, Chinese medicine, miniaturization, etc., and constantly demands new demands for innovation and development in the field of medical devices, such as strengthening medical care. The core technology of the device and the development of key components enhance the integration innovation capability and manufacturing level. In addition, the future development trend of medical packaging is to speed up the upgrading of packaging system products, develop new materials with high safety and good quality performance, and gradually eliminate varieties with high quality and safety risks. Develop new packaging systems and drug delivery devices to provide specific functions, improve patient compliance, and ensure medication safety.