The global demand for Medical Elastomers Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Medical elastomers have a range of physical qualities, including low intermolecular force and viscosity. Infusion solution bags, syringes, tubing, and various implants such as heart valves and joints are all made of it. Medical elastomers are manufactured to suit the stringent requirements of the healthcare industry. The viscoelasticity of medical elastomers is high, while the intermolecular forces are low. Thermoset and thermoplastic elastomers are the two basic types of medical elastomers. Thermoset elastomers are a type of polymer employed in medical applications because of their corrosion, chemical, and heat resistance and their increased strength and durability. It's frequently used to protect specialized medical instruments from heat and chemical harm during sterilization. TPE, often known as thermoplastic rubbers, is a synthetic polymer that mixes plastic with rubber. It has thermoplastic and elastomeric qualities as well as is biocompatible. Tubing, surgical tools, catheters, vial closures, drug delivery instruments, monitoring patches, and other soft-touch medical instruments are made with thermoplastic elastomers.
Market Dynamics
The global medical elastomers market is likely to be driven by the increasing use of medical elastomers in disposable medical equipment such as syringes, valves, and tubing. In addition, the growing demand for medical elastomers for the production of vital implants used in life-saving organs such as replacement heart valves and joints is likely to drive the worldwide medical elastomers market forward. Furthermore, the usage of medical elastomers in the production of gloves and other personal protective equipment is benefiting the worldwide medical elastomers sector. The market will benefit from increased government understanding of the importance of providing adequate healthcare infrastructure. A significant driver will be technological developments in the thermoplastic elastomer processing industry, which will enhance demand for medical elastomers. Increased demand for safe and halogen-free polymers, a shift in the medical business toward health gadgets, and the development of externally communicating medical tools are all likely to drive the market forward. During the forecast period, however, the high cost and time required for product development would restrain, further limiting the expansion of the medical elastomers market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of medical elastomers. The growth and trends of medical elastomers industry provide a holistic approach to this study.
Market Segmentation
This section of the medical elastomers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Thermoset
- Thermoplastic
- Others
By Application
- Medical Tubes
- Catheters
- Syringes
- Gloves
- Medical Bags
- Implants
- Other Applications
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Medical Elastomers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Medical Elastomers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the medical elastomers market include Trelleborg AB, Kuraray Co., Ltd., Teknor Apex, Momentive Performance Materials Inc., Celanese Corporation, Polyone Corporation, KRATON CORPORATION, RAUMEDIC AG, HEXPOL AB, Foster Corporation, RTP Company, The Hygenic Corporation, Biomerics, DSM, BASF SE, Dow, and DuPont. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
