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Medical Elastomers Market Overview by Type Like Thermoset Elastomers, Thermoplastic Elastomers Research Analysis 2018: Hygenic Corporation, Trelleborg, Kuraray, Celanese
Medical Elastomers Market
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The global medical elastomers market is anticipated to reach USD 8.15 billion by 2025, from USD 5.22 billion in 2017 growing at a CAGR of 7.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Medical elastomers have various physical properties such as it has viscosity and it has a weak intermolecular force. The medical elastomers are formulated to meet the stringent requirements of the healthcare industries. It is used for numerous purposes such as bags that are used for infusion solution, syringes, tubes and various implants such as heart valves and joints.. Various key players are manufacturing elastomers which are specifically used in the medical industry. For instance, Teknor Apex manufactures medical elastomers under the brand name Medalist Thermoplastic Elastomers (TPEs). These manufactured elastomers have an ultimate design used for medical tubing, making syringe tips, ventilation bags, stoppers and dropper bulbs.
According to an article published by international trade administration, the global medical device market is growing at a tremendous high rate in the U.S. U.S. is leading in the medical device market with approximately USD 2.9 billion market value as in the year 2011. The same article stated that total shipment of the medical devices in the U.S was about USD 43.00 billion. Due to increased awareness among governments to provide high-quality healthcare infrastructure, the demand for medical devices has increased, which will help in the growth of the medical elastomer market across the globe.
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The key players operating in the global medical elastomers market are –
• BASF SE
• Dowdupont
• Solvay S.A.
• Royal DSM
• Trelleborg AB,
• Kuraray Co., Ltd.,
• Teknor Apex,
• Momentive Performance Materials Inc.,
• Celanese Corporation,
• Polyone Corporation,
• Kraton Corporatio,
• Raumedic AG,
• Hexpol AB,
• Foster Corporation,
• RTP Company,
• the Hygenic Corporation,
• Biomerics and
• many more.
Key questions answered in this report
1. What will be the market size in 2024 and what will the growth rate?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
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