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The biodegradable medical plastics market size is forecast to increase by USD 434.9 million at a CAGR of 13.64% between 2023 and 2028. The market is witnessing significant growth due to several key factors. The increasing geriatric population is one of the major drivers, as the elderly population requires more medical care and treatments, leading to a higher demand for medical devices and implants made of biodegradable plastics. Additionally, the adoption of innovative raw materials is another trend in the market, as companies are investing in research and development to create biodegradable plastics with improved properties, such as better strength, flexibility, and biocompatibility. However, the high manufacturing cost is a challenge for market growth, as producing biodegradable plastics requires more resources and energy compared to traditional plastics. Despite this, the market is expected to continue expanding due to the growing demand for eco-friendly and sustainable medical solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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