Pune, India -- (SBWire) -- 06/27/2018 --databridgemarketresearch.com Publish a New Market Research Report On global medical elastomers market is anticipated 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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Top Market Competitors:
- BASF SE
- Dowdupont
- Solvay S.A.
- Royal DSM
The other players in the market are Trelleborg AB, Kuraray Co., Ltd., Teknor Apex, Momentive Performance Materials Inc., Celanese Corporation, Polyone Corporation, Kraton Corporatio, Raumedic AG, Hexpol AB, Foster Corporation, RTP Company, the Hygenic Corporation, Biomerics and many more.
Market Definition:
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.
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Global Medical Elastomers Market 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
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global Medical Elastomers market
- Analyze and forecast the Medical Elastomers market on the basis of processes, derivative, and application
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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Medical Elastomers Market 2018 Dominated by Trelleborg AB, Kuraray Co., Ltd., Teknor Apex, Momentive Performance Materials Inc., Celanese Corporation and More
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.