The Future of Life Science/Medical Seals Market in the forecast period (2019-2024) as predicted by Stratview Research

The report on Life Science/Medical Seals Market published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2019 – 2024

Click here to get a Free Sample of the report (additional insights inside):
https://www.stratviewresearch.com/Request-Sample/492/medical-seals-market.html

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s demands, maps opportunities and hurdles in the Global Life Science/Medical Seals Market realities and future possibilities for the forecast period of 2019 to 2024. The report segments and analyzes the market in the most detailed and comprehensive manner to provide a panoramic view of the market.

Get a description of the report here: https://www.stratviewresearch.com/492/medical-seals-market.html

Report Segment
Analytical instrumentation is expected to remain the most dominant application type segment in the market over the next five years.
Medical devices is expected to experience the highest CAGR of 6.1% during the forecast period, driven by miniaturization of medical devices and increasing usage of portable and home healthcare devices. Organic growth in medical device market is likely to offer high-growth opportunities over the next five years.
All the product type segments are likely to offer healthy growth opportunities over the next five years. O-rings is projected to remain the major as well as the highest growing segment in the market during the study period. Low-cost, economic production and easy to manufacture are the major growth drivers of the O-rings segment.
Elastomeric seals are the clear winners in the life science industry. The life science industry is moving towards the sustainable growth with the greater adoption of advanced materials. Composite materials offer higher mechanical properties at a relatively low weight and have a well-proven track record in the industry. Thermoplastic-based seals are extensively used in the industry, owing to their desired properties, such as high chemical resistance, low friction, and biocompatibility.
All the end-user type segments are likely to offer healthy growth opportunities over the next five years. Research laboratories is expected to remain the most dominant end-user of the market over the next five years, owing to requirement of large number of seals in a analytical instrument.
USP Class VI is expected to remain the most attractive certification in the market over the next five years. Exploring CE marking certification which becomes necessary for exporting products to European countries is impending high growth in the others segment of the market.
North America is expected to remain the largest market for life science/medical seals over the next five years, driven by the presence of large number of medical device OEMs. Among all the regions, Asia-Pacific is expected to witness the highest growth over the next five years.
China and India are the key source of growth in Asia-Pacific and is likely to generate a greater demand for life science/medical seals, driven by high investment and in the healthcare sector including FDI spending in the countries to enhance them in medical device market across the value chain

Market player:
The global life science/medical seals market is moderately consolidated with the top five players (Saint-Gobain S.A., Trelleborg AB, Freudenberg Group, IDEX Corporation and Parker Hannifin Corporation) capturing 39.1% share of the total market in 2018. These players are projected to remain dominant over the next five years as well. The USA is the manufacturing hub of the medical device industry with the presence of several OEMs, tier players, and raw material suppliers. North America and Europe (majorly Western Europe) are two biggest region in the medical device market with USA being the largest producer as well as the largest consumer of medical devices in the world.
All the top five players in the global life science/medical seals market, Saint-Gobain S.A., Trelleborg AB, Freudenberg Group, IDEX Corporation and Parker Hannifin Corporation; are either USA-based companies or based in Europe. There are modest number of players in the world manufacturing seals for the life science industry as it requires to meet the stringent FDA, USP, ISO as well as other standards (such as NSF) and approvals & certifications from OEMs, which is time-consuming and highly expensive and requires excellent technological capabilities.

Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/492/medical-seals-market.html

Highlights of the Report:
The global life science/medical seals market offers robust growth opportunities for the companies across the value chain. The market size in 2024 for life science/medical seals market is expected to be 1.4 times of that in 2018.
During the next six years period of 2019-2024, an estimated US$ 9.5 billion worth of life science/medical seals are expected to be sold globally, which is up by 40.4% from the last six years’ cumulative (2013-2018) sales. It is a good time for the existing players as well as new entrants to leverage their strength in order to take the advantages of opportunities in the seals market for life science industry.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.
Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

This release was published on openPR.