Market Overview:
The global medical elastomers market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medical devices and equipment, rising prevalence of chronic diseases, and growing awareness about advanced medical treatments. Inorganic medical elastomers are expected to grow at a higher rate than organic medical elastomers during the forecast period. By application, the medical devices & equipment segment is expected to account for the largest share of the global market in 2018. However, the Medical Packaging segment is projected to grow at a higher CAGR during the forecast period.
Product Definition:
Medical elastomers are synthetic materials used in medical devices and implants. They have unique properties that make them ideal for use in these applications, including elasticity, durability, and biocompatibility. Medical elastomers are used in a variety of medical devices and implants, including catheters, stents, heart valves, and artificial joints. Their ability to conform to the body's contours makes them particularly useful in these applications.
Organic Medical Elastomers:
Organic medical elastomers are polymers with high elasticity and low to medium viscosity. They have the ability to absorb shocks, vibrations, and sudden impacts which makes them a good choice for protective materials in medical devices. Organic ME's market is expected to grow at a significant rate owing to its increasing demand in the production of surgical gloves and other personal protection equipment such as face masks, helmets etc.
Inorganic Medical Elastomers:
Inorganic medical elastomers are polymer compounds containing carbon and hydrogen. The most common types of inorganic medical elastomers include poly (vinylidene fluoride-co-hexafluoropropylene), also known as VLF copolymer, and poly (vinylidene fluoride) alone.
Application Insights:
Medical devices & equipment was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The rising demand for medical devices coupled with a growing aging population is anticipated to drive this segment.
The others segment includes pharmaceuticals, personal care products and food packaging among other niche applications such as automotive components or industrial machinery components. The increasing need for sustainable packaging solutions that offer high biocompatibility along with excellent mechanical properties is projected to fuel product demand in this segment over the forecast period. Other emerging applications of these materials include their use in surgical implants or prosthetics which are likely to positively impact market growth over the coming years.
Regional Analysis:
North America was the largest regional market in 2017 owing to well-established healthcare sector, which has resulted in high product demand. Moreover, increasing number of surgical procedures and rising awareness about various treatment options are expected to drive the medical elastomers market over the forecast period.
Asia Pacific is projected to be one of the fastest growing regions during the forecast years on account of rapid economic development coupled with improving healthcare infrastructure and large population base within this region. In addition, rising disposable income levels are anticipated to fuel demand for medical devices & equipment as well as medical packaging products over next eight years.
Growth Factors:
- Increasing demand for medical elastomers in the Asia Pacific region due to the growth of the medical device industry.
- The increasing use of medical elastomers in implantable devices and prosthetic implants.
- Rising demand for biocompatible and non-toxic medical elastomers from hospitals and clinics worldwide.
- Growing research and development activities by leading players in the medical elastomer market to develop new products with better properties.
- Technological advancements that have led to the development of new types of medical elastomers with improved properties, which is expected to boost market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Elastomers Market Research Report
By Type
Organic Medical Elastomers, Inorganic Medical Elastomers
By Application
Medical Devices & Equipment, Medical Packaging, Others
By Companies
BASF SE, Bayer Material Science AG, Celanese Corporation, DSM N.V., SABIC Innovative Plastics, Lubrizol Corporation, Piaoan Group, Victrex Plc, Huntsman Corporation, INEOS, Jafron Biomedical Co., Ltd, Solvay SA, WEIGAO Holding Co. Ltd.(WEGO), 3M
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Medical Elastomers Market Report Segments:
The global Medical Elastomers market is segmented on the basis of:
Types
Organic Medical Elastomers, Inorganic Medical Elastomers
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 Devices & Equipment, Medical Packaging, Others
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:
- BASF SE
- Bayer Material Science AG
- Celanese Corporation
- DSM N.V.
- SABIC Innovative Plastics
- Lubrizol Corporation
- Piaoan Group
- Victrex Plc
- Huntsman Corporation
- INEOS
- Jafron Biomedical Co., Ltd
- Solvay SA
- WEIGAO Holding Co. Ltd.(WEGO)
- 3M
Highlights of The Medical Elastomers 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:
- Organic Medical Elastomers
- Inorganic Medical Elastomers
- By Application:
- Medical Devices & Equipment
- Medical Packaging
- Others
- 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 Medical Elastomers 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
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- 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?
Medical elastomers are a type of synthetic rubber that is used in medical devices and products. They are often used to create flexible joints, seals, and other parts that need to be durable but also flexible.
Some of the key players operating in the medical elastomers market are BASF SE, Bayer Material Science AG, Celanese Corporation, DSM N.V., SABIC Innovative Plastics, Lubrizol Corporation, Piaoan Group, Victrex Plc, Huntsman Corporation, INEOS, Jafron Biomedical Co., Ltd, Solvay SA, WEIGAO Holding Co. Ltd.(WEGO), 3M.
The medical elastomers market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Elastomers 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 Medical Elastomers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Elastomers 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 Medical Elastomers 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 Medical Elastomers Market Size & Forecast, 2018-2028
4.5.1 Medical Elastomers Market Size and Y-o-Y Growth
4.5.2 Medical Elastomers Market Absolute $ Opportunity
Chapter 5 Global Medical Elastomers 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 Medical Elastomers Market Size Forecast by Type
5.2.1 Organic Medical Elastomers
5.2.2 Inorganic Medical Elastomers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Elastomers 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 Medical Elastomers Market Size Forecast by Applications
6.2.1 Medical Devices & Equipment
6.2.2 Medical Packaging
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Elastomers 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 Medical Elastomers 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 Medical Elastomers Analysis and Forecast
9.1 Introduction
9.2 North America Medical Elastomers 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 Medical Elastomers Market Size Forecast by Type
9.6.1 Organic Medical Elastomers
9.6.2 Inorganic Medical Elastomers
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 Medical Elastomers Market Size Forecast by Applications
9.10.1 Medical Devices & Equipment
9.10.2 Medical Packaging
9.10.3 Others
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 Medical Elastomers Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Elastomers 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 Medical Elastomers Market Size Forecast by Type
10.6.1 Organic Medical Elastomers
10.6.2 Inorganic Medical Elastomers
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 Medical Elastomers Market Size Forecast by Applications
10.10.1 Medical Devices & Equipment
10.10.2 Medical Packaging
10.10.3 Others
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 Medical Elastomers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Elastomers 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 Medical Elastomers Market Size Forecast by Type
11.6.1 Organic Medical Elastomers
11.6.2 Inorganic Medical Elastomers
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 Medical Elastomers Market Size Forecast by Applications
11.10.1 Medical Devices & Equipment
11.10.2 Medical Packaging
11.10.3 Others
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 Medical Elastomers Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Elastomers 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 Medical Elastomers Market Size Forecast by Type
12.6.1 Organic Medical Elastomers
12.6.2 Inorganic Medical Elastomers
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 Medical Elastomers Market Size Forecast by Applications
12.10.1 Medical Devices & Equipment
12.10.2 Medical Packaging
12.10.3 Others
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) Medical Elastomers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Elastomers 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) Medical Elastomers Market Size Forecast by Type
13.6.1 Organic Medical Elastomers
13.6.2 Inorganic Medical Elastomers
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) Medical Elastomers Market Size Forecast by Applications
13.10.1 Medical Devices & Equipment
13.10.2 Medical Packaging
13.10.3 Others
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 Medical Elastomers Market: Competitive Dashboard
14.2 Global Medical Elastomers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 Bayer Material Science AG
14.3.3 Celanese Corporation
14.3.4 DSM N.V.
14.3.5 SABIC Innovative Plastics
14.3.6 Lubrizol Corporation
14.3.7 Piaoan Group
14.3.8 Victrex Plc
14.3.9 Huntsman Corporation
14.3.10 INEOS
14.3.11 Jafron Biomedical Co., Ltd
14.3.12 Solvay SA
14.3.13 WEIGAO Holding Co. Ltd.(WEGO)
14.3.14 3M
