Press release
Medical Grade TPEs Market is projected to grow at a CAGR of 6.81% within the forecast period of 2023-2030: Cognitive Market Research
Medical Grade TPEs Market is projected to grow at a CAGR of 6.81% within the forecast period of : Cognitive Market Research
A thermoplastic elastomer, or TPE is a flexible and rubber-like material that processes similarly to plastic. A TPE is a genuine thermoplastic that doesn't require to be vulcanization or curing. A number of plastic manufacturing equipment, including injection molding, extrusion, and blow molding, are used to process thermoplastic elastomers. A TPE can go through secondary processes such as welding and bonding to other materials, as well as advanced processing like over-molding and two-shot molding.
Thermoplastic elastomers are commonly used in medical applications due to their versatility, biocompatibility, and ease of processing. Medical Grade TPEs are specifically formulated and manufactured to meet the stringent requirements and standards of the medical industry. They undergo rigorous testing to ensure they are safe for use in medical devices, equipment, and other healthcare applications.
Summary:
The Global Medical Grade TPEs market was valued at USD 2.52 Billion in 2022, registering a CAGR of 6.81% for the forecast period 2023-2030.
To know more about The Medical Grade TPEs Market statistics click here: https://www.cognitivemarketresearch.com/medical-grade-tpes-market-report
Market Dynamics:
• Rising demand for polymers in medical devices
Rising demand for polymers in medical devices due to their versatility, cost-effectiveness, and ability to meet specific performance requirements is a major driving factor contributing to the growth of the medical grade TPEs market. For the manufacturers of medical devices and pharmaceutical packaging. TPE plays an important role. Medical device manufacturers increasingly shift towards thermoplastic elastomers for medical applications that require flexibility or rubber-like elasticity, and they turn to these types of polymers to deliver high-quality, regulatory-compliant TPEs with proven performance.
TPEs provide several advantages in medical device manufacturing. They can be molded into complex shapes and designs, allowing for the production of intricate and customized medical devices. TPEs also provide excellent flexibility and softness, making them ideally suitable for applications such as catheters, gloves, and tubing, where comfort and tactile sensitivity are crucial. Medical devices play an important role in people's lives as these products are transforming medicine with breathtaking advances in both the treatment and the accurate diagnosis of diseases. For example, the average American spends about USD 400 on each medical device they use. Additionally, about 70% of the world's largest MedTech equipment manufacturers by revenue are based in the US.
• Growing awareness about patient comfort and safety (Access Detailed Analysis in the Full Report Version)
• Government initiatives regarding the usage of non-allergic polymer in healthcare facilities (Access Detailed Analysis in the Full Report Version)
Market Segmentation:
Type:
Based on by type, the Styrenic block copolymers (SBCs) segment held the major share in the year 2022 owing to its unique features such as ion-containing blocks, vascular compatibility, biostability, and low-priced are gaining popularity in several new-age applications. Moreover, increasing demand for medical devices and equipment is also accelerating the growth of the segment. Medical grade Styrenic block copolymers are used in applications such as medical tubing, catheters, IV components, syringe components, and drug delivery systems, meeting the specific requirements of these applications.
• Styrenic Block Copolymers (SBC)
• Thermoplastic Polyurethane (TPU)
• Thermoplastic Polyolefins (TPO)
• Thermoplastic Vulcanizate (TPV)
• Other Thermoplastic Elastomers
Application:
• Medical Tube
• Catheters Syringes
• Non-woven and Films
• Gloves
• Medical Bags
• Implants
• Others
End Use:
• Medical Diagnostic
• Medical Engineering
• Pharmaceutical Packaging
Get free sample pages of latest published Medical Grade TPEs Market Report: https://www.cognitivemarketresearch.com/medical-grade-tpes-market-report#request_sample
Competitive Analysis for Medical Grade TPEs Market:
• Kreaiburg TPE
• HEXPOL AB
• PolyOne private Limited (Avient)
• Elastron TPE
• Wittenburg Group
• Likon Private LimHexpol AB
• PolyOne private Limited (Avient)
• RTP Company
• Elastron TPE
• Teknor Apex company
• Celanese corporation
• Aurora Plastics LLC
• Audia Elastomers Limited
• United Soft Plastics Inc
• Wittenburg Group
• Others (Available on- https://www.cognitivemarketresearch.com/medical-grade-tpes-market-report)
Company Profile:
• HEXPOL AB
HEXPOL AB is a Sweden-based polymer group that develops and manufactures advanced polymer compounds and materials. The company operates its business in two business areas such as HEXPOL compounding and HEXPOL engineered products.
Hexpol AB serves its products in various industries such as automotive, consumer goods, construction, medical, food and beverages, personal use, wire & cable, industrial, and others. The company offers a wide range of products including Mediprene TPE, and Epseal TPE, Lifolit soft PVC, Dryflex cable, Dryflex TPE materials, including TPS, TPO, TPU, and TPV.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Medical Grade TPEs Market
• 3.1 Global Medical Grade TPEs Market Size 2018 - 2030, (USD Million)
• 3.2 Global Medical Grade TPEs Value, Absolute & Opportunity Analysis
• 3.3 Global Medical Grade TPEs Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Medical Grade TPEs Market Statistics 2022: Snapshot
Chapter 4 Global Medical Grade TPEs Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Medical Grade TPEs Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Medical Grade TPEs Industry Mergers and Acquisition Analysis
• 5.3 Global Medical Grade TPEs New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Medical Grade TPEs Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Medical Grade TPEs Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Medical Grade TPEs Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Medical Grade TPEs Market by End Use Segmentation Analysis (2018-2030)
Chapter 12 Global Medical Grade TPEs Market Regional Analysis
Chapter 13 North America Medical Grade TPEs Market Outlook (2018 - 2030)
Chapter 14 Europe Medical Grade TPEs Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Medical Grade TPEs Market Outlook (2018 - 2030)
Chapter 16 Latin America Medical Grade TPEs Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Medical Grade TPEs Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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To know more the Medical Grade TPEs Market TOC click here: https://www.cognitivemarketresearch.com/medical-grade-tpes-market-report#table_of_contents
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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