Life Science/Medical Seals Market Market Research, Insight, Forecast, Outlook & Analysis by Stratview Reports

Market & Growth Prognosis:
Analysing the market over a period of 2014-18, Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Life ScienceMedical Seals Market during the period 2019-24.
Stratview Research triangulates the market to grow at a Healthy CAGR over the next five years.

The Diverse Stand Points
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point give better understanding of the market.
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

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Life Science/Medical Seals Market: Highlights
OEMs across the globe consider a number of factors such as materials to compliance, certification, and other factors while choosing these vital components for medical seals. Medical seals are used in everything from syringes to insulin pumps to surgical power tools and other medical devices, clean rooms and Pharmaceutical set ups.

As the medical industry continues to grow and we move towards a more sophisticated world of connected and transformational health, medical equipment and devices are becoming more advanced to handle harsher chemicals, drugs and temperatures. Choosing the right seal for medical applications and devices are becoming critical for overall device performance.

The report from Stratview Research addresses issues such as the impact of China – US trade war on the medical seals industry, as most of the cheap raw materials are supplied by Chinese firms. It also focuses on the change of polarity from USA to Russia, which is reviving bonds with China, India, KSA, Venezuela, Japan and others. The impact of the political changes will impact the businesses of several OEMs in the medical seal market globally.

The report segments the market into usage in clean rooms, pharmaceutical and medical devices industry and further sub-segments the medical devices into granular areas such as medical pumps, implants, feeding devices and also focuses on the analytical instrument that require sealants in the life sciences market.

The market has also been divided based on the requirement of certification such as FDA or ISO 123485 or USP Class VI. This will help the manufacturers decide the correct market for their products and also give them time to prepare the right certifications which might be required for market entry, e.g. key South American markets such as Brazil and Mexico follow US FDA certification, while the certification in China are different and same is the case with India. Although India has recently released its new norms for medical devices in 2019.

In terms of consumption, not only hospitals (both private and public) and laboratories use medical equipment that requires products with seals, pharmaceutical companies using devices for R&D and clean rooms also require sealants. As an OEM, it is crucial to keep track of the changing demands of the consumers in markets with heavy demand such as China, India, USA, Germany, Russia, UK, Australia. This report addresses local demand from hospitals and the perception of the buyer towards products from key competitors such as Saint Gobain SA, Idex Corp, Parker Hannifin Corp, Technetics Group, Trelleborg AB, Minnesota Rubber and Plastics, Macro Rubber and Plastics LLC, Morgan Advanced Materials PLC, and also few emerging players such as Tekni Plex, Sur-Seal, Nelipak from the regional markets.

The report takes insights from manufacturers who have successfully established cost effective manufacturing plants. Cost effective and flexible way to manufacture medical-grade seals by extruding rubber to form solid or hollow cross-sectional profiles are quite common. The report also considers the fact that medical seals should demonstrate resistance to harsh and toxic chemicals. There may be specific quality requirements for the seal’s elastomer material. In order to withstand and ensure chemical resistance, it is important that the seals are manufactured from elastomers with the highest performance and quality. Companies such as Apple Rubber use Liquid Silicone Rubber, Viton® Fluoroelastomer and Ethelyne Propylene. These elastomers are known for their chemical resistance, heat resistance and low permeability to medical gases. Several such companies have been studied in this report to come up with the best materials with growing demand in key market. The readers of this report can make strategic decisions based on regional and country level trends in 2019.

Experienced seal suppliers can suggest seal profiles, material combinations, and even hardware refinements that can lead to better performance of the finished product. The report includes interviews and insights from such experienced industry experts to give a different perspective from different market because the manufacturing preferences, demands and hurdles vary from China to Brazil to India to USA. It’s therefore important to understand the global approach before deciding the right market for your product in 2019.

The Report Highlights:
The Research Report offers a detailed look into market, its robust growth perspective, the factors influencing the industry, the competition intensity and a peek into the future.
The following are the key features of the report:
● Strategic segmentation
● Market analysis: Growth drivers and constraints, Porter’s five forces
● analysis, SWOT analysis
● Detailed Competitive Rivalry landscaping
● Market trend and forecast analysis
● Future Growth Boulevards

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This release was published on openPR.