The global medical elastomers market is growing at a good rate with the increasing demand of medical devices across the globe. This can also be attributed to its use in the wide range of applications, including medical tubes, medical bags, patch adhesives, orthopedic gels, and others.
Elastomers used in the medical industry are known as medical elastomers. They are used in applications where higher flexibility or elasticity is required. Medical grade elastomers are used to optimize the function of life sciences applications.
The major factors driving the global medical elastomers market are the advancements in the thermoplastic elastomers processing industry, increasing demand of elastomers in the medical industry, growing awareness of high-quality healthcare facilities, and increasing demand of medical devices incorporating elastomers.
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Significant investment for product development is the major challenge identified in the medical elastomers market. Also, considering the sensitivity of the industry, various precautions, extra care needs to be taken while developing new products, making it a time-consuming process.
Asia-Pacific is expected to lead the medical elastomers market in the coming years, due to the expanding medical industry in the region. The medical industry in countries such as China and India are rapidly growing, primarily due to growing population, which is increasing the demand of medical devices, equipment, and others in the region.
Key players in the medical elastomers industry are focusing on developing more advanced elastomers and are investing significantly in the market to attain the same.
Some of the key players operating in the medical elastomers market are BASF SE, DowDuPoint Inc., Solvay SA, Royal DSM, Eastman Chemical Company, Celanese Corporation, Polyone Corporation, Trelleborg AB, Kuraray Co., Ltd., RTP Company, and Foster Corporation.
Global Medical Elastomers Market Coverage
Type Insight and Forecast 2015 – 2025
Thermoplastic
Thermoset
Application Insight and Forecast 2015 – 2025
Medical Tubes
Catheters
Syringes
Gloves
Medical Bags
Implants
Geographical Segmentation
Medical Elastomers Market by Region
North America
By Type
By Application
By Country – U.S., Canada, and Mexico
Europe
By Type
By Application
By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
By Type
By Application
By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific
Rest of the World (RoW)
By Type
By Application
By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
Source: VynZ Research