Established in the 1960s and operating from its own premises in Yorkshire, the company specialises in the design and manufacture of special-purpose machines, jigs, fixtures, gauges and precision tooling assemblies.

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The report analyses the global medical plastics market based on application and resin type. These segmentations are further analyzed at the global and regional levels. The base year considered for analysis is 2022, and the market estimates and forecasts are given from 2023 to 2028. The scope for the medical plastics market is segmented into application and resin type.

A Worcestershire-based precision plastic and injection mouldings business has been acquired out of administration. P J S Mouldings fell into administration on August 11 2023, with administrators from Grant Thornton UK LLP subsequently concluding a sale of the business as a going concern to S M Automotive Division. P J S Mouldings, which is based in Redditch, was founded in 1993 and provided precision plastic and injection moulding services to a range of sectors, with a particular focus on serving the automotive market. The acquisition, overseen by joint administrators Rob Parker, Jon Roden and Helen Dale of Grant Thornton UK LLP, sees P J S Mouldings’ business and assets sold to Solihull-based S M Automotive Division as a going concern. S M Automotive Division is a subsidiary of West Midlands mouldings group Stechford Mouldings, which has been operating in the region for more than 80 years. The acquisition of P J S Mouldings’ business and assets sees all operations transfer to the new owner and secures more than 70 jobs. In P J S Mouldings’ most recent accounts at Companies House, for the year ending March 31 2022, the firm reported fixed assets valued at slightly over £0.5 million and current assets at £1.8 million. At the time, the firm owed creditors around £1.7 million within one year and £370,723 after more than one year, leaving its net assets at £241,838. Commenting on the sale, joint administrator Rob Parker said: “We are very pleased to have completed a going concern sale of the business, which secures the continued employment for a loyal workforce in these challenging economic times. S M Automotive Division Limited appears to be a great fit for the business and well placed to serve its customers in the future”. Distressed acquisitions can deliver enormous value - but it is vital to undertake a thorough due diligence process

Dublin, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The "Medical Plastics: Global Markets" report has been added to ResearchAndMarkets.com's offering.

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Medical plastics go through a variety of plastic fabrication and screening processes to produce a variety of standard-compliant medical devices and instruments, including sutures, dental instruments (suction tips, dam clamps, cotton roll holders, etc.), infusion bags, disposables (syringes), sterilization trays, and medical implants before being used in the healthcare manufacturing sector.Increasing surgical, hospital, and outpatient operations, combined with the enforcement and upgrading of various infection prevention standards, are expected to fuel market growth. The price volatility of multiple resins, such as polyethylene (PE), polypropylene (PP), and polycarbonate (PC), has been significantly influenced by variations in oil prices. Changes in capacity have also influenced the market's price volatility.In March 2021, U.S. President Joe Biden suggested allocating $400 billion over eight years to Medicaid to pay for at-home care for the elderly and disabled as well as raise carers' pay. Because home care lowers healthcare expenses and is more practical for patients, the COVID-19 epidemic has made it more desirable than nursing home settings. This is anticipated to raise the demand for home care medical consumables and devices, which can positively impact the market growth in theFour geographical regions have been identified for the medical plastics market: North America, Asia-Pacific, Europe, and Rest of World (the Middle East and Africa, and Latin America). In 2022, the global market for medical plastics was dominated by the North American region. North America holds a 42.3% share of the global medical plastics market. A few of the main factors propelling the North American market are the existence of several domestic and foreign companies, the accessibility of resources, technological advancements, and the spike in demand for medical components.