Principia Partners
Principia's Comprehensive Study to Assess Growth in Plastics for Regulated Medical Devices
Published in Medical Device Law Weekly, June 15th, 2008
Plastics demand in healthcare for FDA regulated devices, is growing about twice as fast as GDP, and represents an industry of over $4 billion in North America. As the population ages and life expectancy climbs, there is an increasing demand for medical devices and products including single-use, multiple-use and implants. Further, procedures that utilize plastic-intensive devices, such as joint replacements, cosmetic surgeries, and advanced prosthetics are more affordable and in greater demand than ever.
The above macro trends contribute to considerable growth in all major types of plastics used in many of the 5,500 FDA regulated medical devices. These plastics range...
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