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Medical Plastic Extrusion Market Analysis based on Healthcare Applications 2026 | Fluortek, Ace, Putnam Plastics, Vesta, Teel Plastics, Raumedic, Biomerics

05-21-2019 09:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Medical Plastic Extrusion Market

Medical Plastic Extrusion Market

The medical plastic extrusion is a high volume manufacturing process in which raw plastic is melted and formed into the continuous profile using pellets, granules, and flakes powders with some additives such as colorants in either liquid or pellet form. It produces devices such as catheters, intravenous and drainage tubing, needle and syringe caps, injections, and other kind of components or devices that require profiled tube or shaft. Poly Vinyl Chloride (PVC) is the leading polymer used for medical tubing with polyurethane, polyolefin, and blends and alloys such as thermoplastic elastomer. Thus, medical plastic extrusion manufacturers set new production and quality expectations for the essential products like catheters, intravenous and drainage tubing for the medical departments.

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Medical Plastic Extrusion Market- Dynamics

The development in medical plastic extrusion technology and increase in new market players are the major driving factors of global medical plastic extrusion market. Increased access to healthcare services for consumers is also driving growth of the market.

Increasing cardiovascular diseases such as cardiac arrest, cardiac arrhythmia, and congestive heart failure will boost the demand for catheters, globally. On May 17, 2017, the World Health Organization (WHO) stated that the cardiovascular diseases (CVDs) are the number one cause of death, globally. WHO further stated that between 2013 and 2016, 121.5 million American adults were affected by CVDs. In 2016, coronary heart disease (43.2%) was the leading cause of death in the U.S. It will boost the medical plastic extrusion market. North America region, Europe suffers from urology diseases and growing geriatric population, which contributes to broad catheter market. The key factors driving growth of global medical plastic extrusion market include increase in number of surgical processes and growing applications in pain management.

Medical Plastic Extrusion Market- Market Taxonomy
On the basis of product type, the global medical plastic extrusion market is segmented into:
Medical Coextrusion
Multi Lumen Tubing
Thermoplastic Elastomer Tubing
Medical Tubing
Radiopaque fillers
Splittable Tubing
Etched liners
Others

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Medical Plastic Extrusion Market- Competitive Analysis

Key players in the global medical plastic extrusion market have inked cooperation agreement for strategic partnership for enhancing the quality of output with better design and manufacturing capabilities which is important for them and their customers, thereby augmenting the market growth. For instance, on October 27, 2016, Kabra Extrusion technik announced a strategic partnership with Unicor GmbH to provide fully integrated extrusion solutions and for the advanced extrusion design. Similarly, on February 18, 2019, Reifenhhauser Group acquired Plamex Maschinenbau GmbH, a move is designed to strengthen the medical plastic industry.

The key players in global medical plastic extrusion market are Fluortek, Ace, Putnam Plastics, Vesta, Teel Plastics, Raumedic, Biomerics, Vention medical, Pexco, and VistaMed.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

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