Market Overview:
The global lubricants for medical devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical devices and rising awareness about the benefits of using lubricants for medical devices. The global lubricants for medical devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into silicone substrate, metal, glass, and plastics. Silicone substrate dominates this market due to its properties such as low friction coefficient and chemical inertness which make it suitable for use in various applications such as medical testing equipment, implant equipment etc.
Product Definition:
Lubricants for medical devices are used to keep the device moving smoothly and to prevent friction. This is important because it can help reduce the risk of injury or damage to the device.
For Silicone Substrate:
It has a high surface area and low viscosity. The growth factor in lubricants for medical devices market is that it can be easily processed by various technologies such as injection molding, extrusion and calendaring. Also, it has good chemical resistance which makes it suitable to use in medical devices which are exposed to harsh chemicals or conditions such as sterilization or high temperature.
For Metal:
For metal and its usage in lubricants for medical devices market is expected to grow at a significant rate over the forecast period. The growth of this industry can be attributed to factors such as increasing demand for metal-based additives in the medical sector, growing awareness regarding personal health and safety coupled with rising disposable income.
Application Insights:
Medical testing equipment was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The global medical testing equipment market has witnessed a paradigm shift due to rising awareness about preventive healthcare. Increasing demand for point-of-care devices has fueled product innovation in this segment. For instance, in January 2018, EKF Solutions launched its new self-test lancet device - eLite 2 that can be used for easy blood glucose monitoring at a cost of USD 4 per test (Rs 32).
The medical implant equipment application segment is also anticipated to witness considerable growth over the forecast period owing to increasing adoption of metal on metal bearings and other advanced designs by manufacturers such as Medis Corporation (U.S.) and Stryker Corp (U.S.).
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for medical devices and rising healthcare expenditure. The region is expected to maintain its dominance over the forecast period due to growing awareness about sexually transmitted diseases, increasing number of HIV positive patients, and rising incidence of cancer & diabetes.
The Asia Pacific market was valued at USD X billion in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high growth rate in end-use industries such as medical testing equipment, medical consumables & implants etc., which are driving the demand for lubricants used during manufacturing processes such as drilling, milling or metal cutting operations on various types of machinery including robots or automated machines that aid with production activities involved with pharmaceuticals & food processing industries among others).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the increasing preference for minimally invasive procedures over traditional open surgery, owing to their shorter recovery time and lesser surgical trauma. This will lead to an increase in the demand for lubricants specifically designed for medical devices used in these procedures, thereby driving the growth of the lubricants market for medical devices.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is on the rise due to changing lifestyles and aging populations. This has led healthcare providers worldwide to focus on preventive care measures rather than treatment-based approaches. As a result, there has been an increase in demand for diagnostic and therapeutic devices such as endoscopes, ultrasound machines, X-ray systems etc., which require specialised lubricants that do not damage sensitive equipment components or patient tissues/organs during use..
Scope Of The Report
Report Attributes
Report Details
Report Title
Lubricants For Medical Devices Market Research Report
By Type
For Silicone Substrate, For Metal, For Glass, For Plastics
By Application
Medical Testing Equipment, Medical Implant Equipment, Medical Consumables, Other
By Companies
Nye Lubricant Inc., Nusil, 3M, MicroCare Medical, LIRCON, Lionser, Sdruitaiqi, Jusha Medical, Miller-Stephenson Chemical, Surface Solutions Group, LLC, PolySi Technologies Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Lubricants For Medical Devices Market Report Segments:
The global Lubricants For Medical Devices market is segmented on the basis of:
Types
For Silicone Substrate, For Metal, For Glass, For Plastics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Testing Equipment, Medical Implant Equipment, Medical Consumables, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nye Lubricant Inc.
- Nusil
- 3M
- MicroCare Medical
- LIRCON
- Lionser
- Sdruitaiqi
- Jusha Medical
- Miller-Stephenson Chemical
- Surface Solutions Group, LLC
- PolySi Technologies Inc.
Highlights of The Lubricants For Medical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- For Silicone Substrate
- For Metal
- For Glass
- For Plastics
- By Application:
- Medical Testing Equipment
- Medical Implant Equipment
- Medical Consumables
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lubricants For Medical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lubricants for medical devices are used to reduce friction and wear between the device and its surroundings. This can help prolong the life of the device, as well as improve patient comfort.
Some of the key players operating in the lubricants for medical devices market are Nye Lubricant Inc., Nusil, 3M, MicroCare Medical, LIRCON, Lionser, Sdruitaiqi, Jusha Medical, Miller-Stephenson Chemical, Surface Solutions Group, LLC, PolySi Technologies Inc..
The lubricants for medical devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lubricants For Medical Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lubricants For Medical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lubricants For Medical Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lubricants For Medical Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lubricants For Medical Devices Market Size & Forecast, 2020-2028
4.5.1 Lubricants For Medical Devices Market Size and Y-o-Y Growth
4.5.2 Lubricants For Medical Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 For Silicone Substrate
5.2.2 For Metal
5.2.3 For Glass
5.2.4 For Plastics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Testing Equipment
6.2.2 Medical Implant Equipment
6.2.3 Medical Consumables
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lubricants For Medical Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lubricants For Medical Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 For Silicone Substrate
9.6.2 For Metal
9.6.3 For Glass
9.6.4 For Plastics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Testing Equipment
9.10.2 Medical Implant Equipment
9.10.3 Medical Consumables
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 For Silicone Substrate
10.6.2 For Metal
10.6.3 For Glass
10.6.4 For Plastics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Testing Equipment
10.10.2 Medical Implant Equipment
10.10.3 Medical Consumables
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 For Silicone Substrate
11.6.2 For Metal
11.6.3 For Glass
11.6.4 For Plastics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Testing Equipment
11.10.2 Medical Implant Equipment
11.10.3 Medical Consumables
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 For Silicone Substrate
12.6.2 For Metal
12.6.3 For Glass
12.6.4 For Plastics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Testing Equipment
12.10.2 Medical Implant Equipment
12.10.3 Medical Consumables
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 For Silicone Substrate
13.6.2 For Metal
13.6.3 For Glass
13.6.4 For Plastics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Testing Equipment
13.10.2 Medical Implant Equipment
13.10.3 Medical Consumables
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lubricants For Medical Devices Market: Competitive Dashboard
14.2 Global Lubricants For Medical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nye Lubricant Inc.
14.3.2 Nusil
14.3.3 3M
14.3.4 MicroCare Medical
14.3.5 LIRCON
14.3.6 Lionser
14.3.7 Sdruitaiqi
14.3.8 Jusha Medical
14.3.9 Miller-Stephenson Chemical
14.3.10 Surface Solutions Group, LLC
14.3.11 PolySi Technologies Inc.
