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Medical Elastomers Market by Type (Thermoset and Thermoplastic), Application (Medical Tubes, Catheters, Syringes, Gloves, Medical Bags, and Implants), and Region (North America, Europe, APAC, MEA, and South America) Global Forecast to 2022


Product Code : MNMCH00109777
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“Increased demand for medical devices is driving the medical elastomers market across the globe.”
The medical elastomers market is projected to grow from USD 5.51 billion in 2017 to USD 7.92 billion by 2022, at a CAGR of 7.5% from 2017 to 2022. The growth of the medical elastomers market is attributed to the increased demand for medical devices, such as medical tubes, catheters, and syringes across the globe. These devices are widely used in the diagnosis and treatment of diseases. Growing consumption of single-use devices is also one of the major drivers for the medical elastomers market.

“The implants segment is projected to grow at the highest CAGR during the forecast period.”
Based on application, the implants segment of the medical elastomers market is projected to grow at the highest CAGR between 2017 and 2022. The growth of this application segment is attributed to the growing demand for implants across high growth regions, such as APAC and the Middle East & Africa. The technological advancements and increasing usage of minimally invasive surgeries are expected to further increase the demand for implants in orthopedic and prosthetic treatments. The rapidly growing aging demographics across the globe is another major driver for the implants application segment.

“North America is the largest market for medical elastomers.”

North America accounted for the largest share of the medical elastomers market in 2017. This large market share is attributed to the presence of leading medical elastomers manufacturers in the region. North America is also one of the largest medical device manufacturers in the world. The US is the largest hub for medical device manufacturing in the region, owing to which the demand for medical elastomers in the manufacturing of medical devices is further expected to rise. The growing usage of medical devices, such as medical tubes, catheters, syringes, and implants, is also supporting the growth of the medical elastomers market in the country. Additionally, the growing aging demographics is expected to increase the demand for medical devices, thereby fueling the growth of the medical elastomers market in North America.

Extensive primary interviews have been conducted to determine and verify the sizes of several segments and subsegments of the medical elastomers market, gathered through secondary research.

The break-up of primary interviews has been given below.
• By Company Type: Tier 1 – 71%, Tier 2 – 23%, and Others – 6%
• By Designation: C Level – 48%, Director Level – 31%, and Others – 21%
• By Region: North America – 18%, Europe – 38%, Asia Pacific – 17%, South America – 7%, and the Middle East & Africa – 20%

The key companies profiled in this report on the medical elastomers market include BASF SE (Germany), DowDuPont (US), Eastman Chemical Company (US), Royal DSM (Netherlands), Solvay S.A. (Belgium), Trelleborg AB (Sweden), Momentive Performance Materials Inc. (US), Celanese Corporation (US), PolyOne Corporation (US), Teknor Apex (US), and Kuraray Co. Ltd. (Japan), among others.

Research Coverage
The medical elastomers market has been segmented based on type, application, and region. This report covers the medical elastomers market and forecasts the market size till 2022. The report also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the medical elastomers market.

Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:

• This report segments the medical elastomers market and provides the closest approximations of revenue numbers for the overall market and its subsegments across different verticals and regions.

• This report is expected to help the stakeholders understand the pulse of the medical elastomers market and provide information on key market drivers, restraints, challenges, and opportunities influencing the growth of the market.

• This report is expected to help the stakeholders obtain an improved understanding of the competitive landscape of the medical elastomers market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on new product launches, mergers, expansions, partnerships, acquisitions, and joint ventures.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 REGIONAL SCOPE 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.3.3 CURRENCY 16
1.3.4 UNIT CONSIDERED 16
1.4 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 19
2.1.2.2 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 ASSUMPTIONS 23
2.4.1 MARKET SIZE 23
2.4.2 ANNUAL PRODUCTION 23
2.4.3 GROWTH RATE 23
2.5 LIMITATIONS 23
2.5.1 DEVELOPMENTS AND PRODUCTS, BY KEY PLAYERS 23
2.5.2 MARKET SIZE (VALUE) OF MEDICAL ELASTOMERS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 28
4.1 SIGNIFICANT OPPORTUNITIES IN THE MEDICAL ELASTOMERS MARKET 28
4.2 MEDICAL ELASTOMERS MARKET BY APPLICATION 28
4.3 MEDICAL ELASTOMERS MARKET IN APAC, BY COUNTRY AND APPLICATION 29
4.4 MEDICAL ELASTOMERS MARKET SIZE, BY TYPE 29

5 MARKET OVERVIEW 30
5.1 INTRODUCTION 30
5.2 MARKET DYNAMICS 30
5.2.1 DRIVERS 31
5.2.1.1 Advancements in thermoplastic elastomer processing industry increasing the demand for medical elastomers 31
5.2.1.2 Increasing demand for medical devices that incorporate medical elastomers 31
5.2.1.3 Growing awareness and government initiatives to provide high-quality healthcare facilities 32
5.2.2 RESTRAINTS 33
5.2.2.1 Significant investment and time required for product development 33
5.2.3 OPPORTUNITIES 33
5.2.3.1 Growing healthcare investment in emerging economies 33
5.2.3.2 Replacement of metals with plastics 34
5.2.4 CHALLENGES 34
5.2.4.1 Stringent regulatory policies 34
5.3 PORTER’S FIVE FORCES ANALYSIS 35
5.3.1 BARGAINING POWER OF SUPPLIERS 36
5.3.2 BARGAINING POWER OF BUYERS 36
5.3.3 THREAT OF SUBSTITUTES 37
5.3.4 THREAT OF NEW ENTRANTS 37
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 38
6 MEDICAL ELASTOMERS MARKET, BY TYPE 39
Market sizes are not provided for the sub-segments
6.1 INTRODUCTION 40
6.2 THERMOSET ELASTOMERS 41
6.2.1 SILICONE 41
6.2.1.1 Liquid silicone rubber (LSR) 41
6.2.1.2 High consistency rubber (HCR) 41
6.2.2 OTHERS 42
6.3 THERMOPLASTIC ELASTOMERS 42
6.3.1 THERMOPLASTIC POLYURETHANE (TPU) 42
6.3.2 STYRENE BLOCK COPOLYMERS (SBC) 42
6.3.3 OTHERS 42
7 MEDICAL ELASTOMERS MARKET, BY APPLICATION 43
7.1 INTRODUCTION 44
7.2 MEDICAL TUBES 45
7.3 CATHETERS 45
7.4 GLOVES 45
7.5 SYRINGES 46
7.6 MEDICAL BAGS 46
7.7 IMPLANTS 46
7.8 OTHERS 46
8 MEDICAL ELASTOMERS MARKET, BY REGION 47
8.1 INTRODUCTIONS 48
8.2 NORTH AMERICA 50
8.2.1 US 53
8.2.2 MEXICO 54
8.2.3 CANADA 55
8.3 APAC 56
8.3.1 CHINA 59
8.3.2 INDIA 61
8.3.3 SOUTH KOREA 62
8.3.4 JAPAN 63
8.3.5 INDONESIA 64
8.3.6 REST OF APAC 65
8.4 EUROPE 66
8.4.1 GERMANY 69
8.4.2 ITALY 70
8.4.3 UK 72
8.4.4 FRANCE 73
8.4.5 REST OF EUROPE 74
8.5 MIDDLE EAST & AFRICA 75
8.5.1 SAUDI ARABIA 77
8.5.2 SOUTH AFRICA 79
8.5.3 EGYPT 80
8.5.4 REST OF MIDDLE EAST & AFRICA 81
8.6 SOUTH AMERICA 82
8.6.1 BRAZIL 84
8.6.2 REST OF SOUTH AMERICA 85
9 COMPETITIVE LANDSCAPE 87
9.1 OVERVIEW 87
9.2 MARKET RANKING 88
9.3 COMPETITIVE SITUATION & TRENDS 89
9.3.1 EXPANSIONS, 2015-2017 90
9.3.2 MERGERS, JOINT VENTURES, PARTNERSHIPS, AND ACQUISITIONS, 2015 - 2017 90
9.3.3 NEW PRODUCT LAUNCHES, 2015-2017 91

10 COMPANY PROFILE 92
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 BASF SE 92
10.2 DOWDUPONT 94
10.3 SOLVAY S.A. 96
10.4 ROYAL DSM 98
10.5 EASTMAN CHEMICAL COMPANY 100
10.6 TRELLEBORG AB 102
10.7 KURARAY CO., LTD. 105
10.8 TEKNOR APEX 107
10.9 MOMENTIVE PERFORMANCE MATERIALS INC. 109
10.10 CELANESE CORPORATION 111
10.11 POLYONE CORPORATION 113
10.12 OTHER COMPANIES 115
10.12.1 KRATON CORPORATION 115
10.12.2 RAUMEDIC AG 115
10.12.3 HEXPOL AB 115
10.12.4 FOSTER CORPORATION 115
10.12.5 RTP COMPANY 115
10.12.6 THE HYGENIC CORPORATION 115
10.12.7 BIOMERICS 115
*Details might not be captured in case of unlisted companies
11 APPENDIX 116
11.1 INSIGHTS FROM INDUSTRY EXPERTS 116
11.2 DISCUSSION GUIDE 117
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 120
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 122
11.5 RELATED REPORTS 123
11.6 AUTHOR DETAILS 124

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