Medical Elastomers Market Development Status and Growth Analysis of BASF SE, Dowdupont, Solvay S.A., Royal DSM

Global Medical Elastomers Market, By Application (Medical Tubes, Catheters, Gloves, Syringes, Medical Bags, Implants, Others) By Type (Thermoset Elastomers, Thermoplastic Elastomers), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025.

The Global Medical Elastomers Market is expected 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.

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Key Market Competitors:
• BASF SE
• Dowdupont
• Solvay S.A.
• Royal DSM

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.

Market Drivers:

• Advancements in Thermoplastic Elastomer Processing Industry Increasing The Demand for Medical Elastomers

• Increasing Demand for Medical Devices That Incorporate Medical Elastomers

• Growing Awareness and Government Initiatives to Provide High-Quality Healthcare Facilities

Market Restraint:

• Significant Investment and Time Required for Product Development

Table of Contents:

1. Introduction

2. Market Segmentation

3. Market Overview

4. Executive Summary

5. Premium Insights

6. Global, By Component

7. Product Type

8. Delivery

9. Industry Type

10. Geography

10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa

11. Company Landscape

12. Company Profiles

13. Related Reports

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Segmentation:

By Application:

• Medical Tubes
• Catheters
• Gloves
• Syringes
• Medical Bags
• Implants
• Others

By Type:

• Thermoset Elastomers
• Thermoplastic Elastomers

By Geography:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

The global medical elastomers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical elastomers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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This release was published on openPR.