India Medical Plastics Market Analysis Report 2021-2028 by Product (Rigid Plastics, Soft Plastics), & Application (Medical & Monitoring Equipment Housings, Wearables) - ResearchAndMarkets.com
DUBLIN, July 07, 2021–(BUSINESS WIRE)–The “India Medical Plastics Market Size, Share & Trends Analysis Report By Product (Rigid Plastics, Soft Plastics), By Application (Medical & Monitoring Equipment Housings, Wearables), And Segment Forecasts, 2020 - 2030” report has been added to ResearchAndMarkets.com’s offering.
The India medical plastics market size is anticipated to reach USD 712.0 million by 2030 and is expected to expand at a CAGR of 15.2% from 2020 to 2030. E
xpanding healthcare expenditure in the country owing to the rising income level, increased prevalence of lifestyle diseases, growing health awareness, and improved access to insurance is expected to drive the medical devices and components market, thereby leading to an increase in the demand for medical plastics in the country.
India’s medical device industry is highly import-driven and has posed various challenges during the COVID-19 outbreak. This is attributed to the disruption caused by the COVID-19 outbreak in the international supply chains, leading to a shortage of critical medical devices.
Thus, the Government of India, through its ‘Make in India’ initiative, has increased reliance on domestic producers to meet the increasing demand for essential healthcare equipment, thereby encouraging the Indian medical devices industry to become self-reliant. Moreover, in May 2020, the government announced the ‘Atma Nirbhar Bharat’ campaign-a self-reliant India in order to boost the country’s economy impacted by COVID-19. This, in turn, is expected to provide further fillip to the indigenous manufacturers of medical devices.
The growth of the medical plastics market in India is challenged by the growing concerns over waste management. The lack of healthcare waste management, especially hazardous waste, and the high risk of environmental pollution have turned into concerns for healthy living.
The medical industry produces a broad range of wastes, such as pathological waste, infectious waste, chemical waste, and radioactive waste. These types of waste are generated from hospitals, laboratories, research centers, and autopsy centers, among others. These hazardous medical wastes are challenging the growth of the medical device industry, which, in turn, is expected to hamper the growth of the medical plastics market over the forecast period.
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India Medical Plastics Market Report Highlights
The rigid plastics product segment held the largest revenue share of over 72.0% in 2019.
The soft plastics product segment is expected to exhibit the highest CAGR of 16.2% over the forecast period in terms of revenue. The significant CAGR is attributed to the rising demand for catheters, drug delivery systems, seals and gaskets, and pipe and tubing in various medical devices.
The medical and monitoring equipment housings application segment accounted for over 34.0% of the overall revenue in 2019. This is attributed to the rising demand for medical device housing for ventilators, oximeters, nasal dilators, and various other medical devices.
Companies Mentioned
Covestro AG
SABIC
Celanese Corporation
Avient Corporation
KRAIBURG TPE
ATV Projects India Pvt. Ltd.
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Rory McIlroy and Shane Lowry to represent Ireland at Tokyo Olympics
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Rory McIlroy and Shane Lowry will represent Ireland at the Tokyo 2020 Olympics golf tournament.
The 60-man field has been confirmed, albeit with some high-profile names withdrawing from the entry list.
McIlroy will begin as the sixth-ranked qualifier in contention for Olympic gold, with Lowry ranked 18th.
Should either withdraw for any reason they will be replaced from a reserve list featuring, in order of world ranking, Pádraig Harrington, Graeme McDowell, Jonathan Caldwell, and Seamus Power. Harrington and Power represented Ireland at the Rio 2016 Games after McIlroy, Lowry, and McDowell withdrew from a tournament overshadowed by Zika virus concerns.
Nine of the top-40 eligible players have chosen not to contest the Tokyo Games: world no. 2 Dustin Johnson, US Open runner-up Louis Oosthuizen, major winners Adam Scott, Sergio Garcia, and Martin Kaymer, leading British golfers Tyrrell Hatton, Matt Fitzpatrick, and Lee Westwood, and Bernd Wiesberger of Austria.
Garcia cited Ryder Cup qualification as his greater priority for the year, Oosthuizen said he preferred to focus on the FedEx Cup, Hatton referred to the Covid-19 risk, while Johnson had expressed his intention to skip the tournament last March.
The qualification is based on the World Golf Rankings. The top-15 are eligible, with a four-player limit per country. Beyond the top-15, players are eligible with a maximum of two from each country. Golfers from 36 counties will feature in the four-day competition at Kasumigaseki Country Club, from July 29 to August 1.
America is the only country to qualify four representatives, Justin Thomas, Collin Morikawa, Xander Schauffele, and Bryson DeChambeau, who gets his spot due to Johnson’s withdrawal.
Spain’s Jon Rahm is the top-ranked player in the field, with none of the 2016 medallists, Justin Rose, Henrik Stenson, and Matt Kuchar, qualifying this time around.
The women’s top-60 will be confirmed after the PGA Championship this weekend. Leona Maguire (26th) and Stephanie Meadow (37th) are both set to represent Ireland once again.
Olympic men’s golf field: Jon Rahm (ESP), Justin Thomas (USA), Collin Morikawa (USA), Xander Schauffele (USA), Bryson DeChambeau (USA), Rory McIlroy (IRL), Viktor Hovland (NOR), Hideki Matsuyama (JPN), Paul Casey (GBR), Abraham Ancer (MEX), Sungjae Im (KOR), Cameron Smith (AUS), Joaquin Niemann (CHI), Tommy Fleetwood (GBR), Corey Conners (CAN), Victor Perez (FRA), Garrick Higgo (RSA), Shane Lowry (IRL), Marc Leishman (AUS), Christiaan Bezuidenhout (RSA), Siwoo Kim (KOR), Carlos Ortiz (MEX), Mackenzie Hughes (CAN), Sebastian Munoz (COL), Guido Migliozzi (ITA), Emiliano Grillo (ARG), Rikuya Hoshino (JPN), Antoine Rozner (FRA), Thomas Detry (BEL), Alex Noren (SWE), Thomas Pieters (BEL), Kalle Samooja (FIN), Matthias Schwab (AUT), Rasmus Hojgaard (DEN), Sami Valimaki (FIN), Jazz Janewattananond (THA), Jhonattan Vegas (VEN), Francesco Molinari (ITA), Henrik Norlander (SWE), Rafa Cabrera Bello (ESP), Guillermo Mito Pereira (CHI), Joachim Hansen (DEN), Rory Sabbatini (SVK), Sepp Straka (AUT), Ryan Fox (NZL), C.T. Pan (TPE), Adrian Meronk (POL), Maximilian Kieffer (GER), Juvic Pagunsan (PHI), Ondrej Lieser (CZE), Scott Vincent (ZIM), Gunn Charoenkul (THA), Hurly Long (GER), Fabrizio Zanotti (PAR), Rafael Campos (PUR), Gavin Green (MAS), Carl Yuan (CHN), Kristian Krogh Johannessen (NOR), Wu Ashun (CHN), Anirban Lahiri (IND).
Men’s final Olympic Golf Rankings published
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The extended three-year qualification process for the men’s golf competition at the Tokyo Olympic Games has been completed with publication of the Final Olympic Golf Rankings.
With his U.S. Open victory, Jon Rahm jumped Justin Thomas into the No. 1 position of the Olympic Rankings. Four Americans finished in the top five, with Thomas, Collin Morikawa and Xander Schauffele having already said they are on board to represent the United States in Tokyo.
The United States is the only country with more than two qualifiers for the 60-player field, which will draw from 36 countries and compete at Kasumigaseki Country Club from July 29-August 1.
The top 15 world-ranked players are eligible, with a limit of four players from a given country. Beyond the top 15, players are eligible based on the world rankings, with a maximum of two from each country that does not already have two or more players among the top 15. The host country is guaranteed a spot, as is each of the five continents of the Olympics.
The women’s rankings will be finalized after this week’s KPMG Women’s PGA Championship. The 60-player women’s competition will be held at Kasumigaseki Country Club Aug. 4-7.
The IGF will publish a final entries list of 60 names for both the men’s and women’s events on Tuesday, July 6, which will ratify all the competitors for the respective fields at the Olympic Games.
In the meantime, here are some of the big names who have stated their intentions to play:
Jon Rahm, Spain: “In my case I want to play. It’s an absolute dream of mine to be an Olympian.”
Justin Thomas, USA: “I think that would be one of the coolest honors that I’ve ever had.”
Collin Morikawa, USA: “To be on this team and heading to Tokyo puts a smile on my face.”
Xander Schauffele, USA: “If I get in, I will definitely go.”
Rory McIlroy, Northern Ireland: “A good opportunity to do something I’ve never done before.”
Viktor Hovland, Norway: “I certainly would not decline.”
Marc Leishman, Australia: “Yes, I’m all in.”
Cameron Smith, Australia: “Me, too.”
Abraham Ancer, Mexico: “Any chance I can get to play for my country or as a team …”
Joaquin Niemann, Chile: “For me it’s a pretty big deal.”
Guido Migliozzi, Italy: “To be able to play in an Olympics game is a dream come true.”
Hideki Matsuyama, Japan: “I’m really looking forward to the Olympic Games in Tokyo.”
Paul Casey, England: “I’d love to go to the Olympics, so hopefully I’ve done enough.”
C.T. Pan, TPE: “See you in Tokyo.”
Rafa Campos, Puerto Rico: “Puerto Rico, vamos para las Olympiadas.”
Thomas Pieters, Belgium: “It’s still one of the biggest disappointments in my career so far, that fourth place (in 2016).”
Jhonattan Vegas, Venezuela: “On my agenda.”
Carl Yuan, China: “It means a lot for me to represent my country in the Olympics.”
Mito Pereira, Chile: “Obviously, the Olympic Games are still on the calendar.”
Rory Sabbatini, Slovakia: “I believe I will be successful in Slovakian golf and will be a source of inspiration for Slovak youth.”
Ashun Wu, China: “It is the second time that I represent my country to play the Olympics. I am very excited.”
Anirban Lahiri, India: “I want to win a medal, I want to do something that makes a difference.”
Bryson DeChambeau, USA: “I’m very fortunate to say that I’m an Olympian now.”
Garrick Higgo, South Africa: “Any time I can represent South Africa is a massive honor. I mean, it’s going to be awesome playing with Christian (Bezuidenhout).”