Market Overview:
The global medical grade lubricants market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical grade lubricants from various application segments such as medical devices, dental equipment, and disposable/reusable devices. In addition, the growing awareness about the benefits of using medical grade lubricants is also contributing to the growth of this market. On the basis of type, silicone-based lubricants are expected to account for a major share of the global medical grade lubricants market during the forecast period. This can be attributed to their high performance and superior properties such as resistance against extreme temperatures and chemical corrosion.
Product Definition:
Medical grade lubricants are specific types of lubricants that are intended for use in medical settings. They are typically used to help reduce friction during medical procedures, and they can also be used to help prevent infection. Medical grade lubricants may also be used to help treat medical conditions such as vaginal dryness.
Silicone:
Silicone is a widely used material in the medical industry. It is an amorphous solid at room temperature and has no color, taste, or odor. Silicones are non-toxic and can be used under the skin without any problems. They have excellent chemical resistance and also provide protection against bacterial infection when applied to open wounds.
Synthetic Hydrocarbon:
Synthetic hydrocarbons are petroleum-based chemicals that are processed to form paraffin waxes, polyolefins, and other products. They have been used as an alternative for natural waxes in the past few years and this trend is expected to continue over the forecast period owing to their increasing application scope in medical grade lubricants.
Application Insights:
Medical devices was the largest application segment in 2017 and is projected to maintain its lead over the forecast period. The increasing number of surgeries, rising geriatric population, and growing incidences of chronic diseases are among key factors driving the demand for medical devices globally. This trend is expected to continue over the forecast period as a result of which global GMGL market will have ample opportunity to grow during this period.
Global disposable income has been growing steadily since 2000s owing to economic development in emerging countries such as India & China along with steady growth in developed economies such as U.S., Canada & Germany, which results in an increased demand for healthcare services worldwide including diagnostic tests and treatments that require low-cost disposables that can be used multiple times without being cleaned or sterilized due to high usage rates by hospitals & clinics on a daily basis across various applications globally thereby supporting industry growth during this estimated time frame.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by various companies and rising adoption of advanced medical technologies in North America. In addition, high prevalence of chronic diseases such as diabetes and cardiovascular disorders is also anticipated to drive demand for lubricants in this region over the forecast period.
Asia Pacific is expected to witness lucrative growth over the next eight years owing to rapid developments taking place across several sectors including medical devices, pharmaceuticals, food & beverage processing equipment etc., especially in developing countries such as China and India. Furthermore, growing awareness regarding HIV/AIDS transmission through blood contamination has led major pharmaceutical companies including Gilead Sciences Inc.; Johnson & Johnson; Merck & Co., Inc.; Bristol-Myers Squibb Company; Pfizer Inc.; Sanofi; Novartis AG etc.
Growth Factors:
- Increasing prevalence of medical conditions that necessitate the use of lubricants
- Growing awareness about the benefits of using medical grade lubricants
- Rising demand for natural and organic-based medical grade lubricants
- Technological advancements in the production of medical grade lubricants
- Proliferation of online retail platforms that offer a wide variety to consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Grade Lubricants Market Research Report
By Type
Silicone, Synthetic Hydrocarbon, Ester, Perfluoropolyether
By Application
Medical Devices (including laser treatment systems, blood glucometers), Dental Equipment, Disposable, Reusable Devices
By Companies
Accurate Lubricants & Metalworking Fluids, Inc., Nye Lubricants, Inc., Benz Oil Inc., MicroCare, Certol International LLC., Miller-Stephenson, Inc., Polysi Technologies Inc, FUCHS LUBRITECH, Schaeffer Manufacturing Co.
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Medical Grade Lubricants Market Report Segments:
The global Medical Grade Lubricants market is segmented on the basis of:
Types
Silicone, Synthetic Hydrocarbon, Ester, Perfluoropolyether
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 (including laser treatment systems, blood glucometers), Dental Equipment, Disposable, Reusable Devices
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:
- Accurate Lubricants & Metalworking Fluids, Inc.
- Nye Lubricants, Inc.
- Benz Oil Inc.
- MicroCare
- Certol International LLC.
- Miller-Stephenson, Inc.
- Polysi Technologies Inc
- FUCHS LUBRITECH
- Schaeffer Manufacturing Co.
Highlights of The Medical Grade Lubricants 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:
- Silicone
- Synthetic Hydrocarbon
- Ester
- Perfluoropolyether
- By Application:
- Medical Devices (including laser treatment systems, blood glucometers)
- Dental Equipment
- Disposable
- Reusable Devices
- 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 Grade Lubricants 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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- Product & Brand Management
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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 grade lubricants are specifically designed to be used in medical devices. They are often more expensive than regular lubricants, but they are considered to be of higher quality and safer for use in medical devices.
Some of the major players in the medical grade lubricants market are Accurate Lubricants & Metalworking Fluids, Inc., Nye Lubricants, Inc., Benz Oil Inc., MicroCare, Certol International LLC., Miller-Stephenson, Inc., Polysi Technologies Inc, FUCHS LUBRITECH, Schaeffer Manufacturing Co..
The medical grade lubricants market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Grade Lubricants 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 Grade Lubricants Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Medical Grade Lubricants 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 Grade Lubricants 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 Grade Lubricants Market Size & Forecast, 2020-2028 4.5.1 Medical Grade Lubricants Market Size and Y-o-Y Growth 4.5.2 Medical Grade Lubricants 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 Silicone
5.2.2 Synthetic Hydrocarbon
5.2.3 Ester
5.2.4 Perfluoropolyether
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 Devices (including laser treatment systems
6.2.2 blood glucometers)
6.2.3 Dental Equipment
6.2.4 Disposable
6.2.5 Reusable Devices
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Grade Lubricants 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 Grade Lubricants 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 Silicone
9.6.2 Synthetic Hydrocarbon
9.6.3 Ester
9.6.4 Perfluoropolyether
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 Devices (including laser treatment systems
9.10.2 blood glucometers)
9.10.3 Dental Equipment
9.10.4 Disposable
9.10.5 Reusable Devices
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 Silicone
10.6.2 Synthetic Hydrocarbon
10.6.3 Ester
10.6.4 Perfluoropolyether
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 Devices (including laser treatment systems
10.10.2 blood glucometers)
10.10.3 Dental Equipment
10.10.4 Disposable
10.10.5 Reusable Devices
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 Silicone
11.6.2 Synthetic Hydrocarbon
11.6.3 Ester
11.6.4 Perfluoropolyether
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 Devices (including laser treatment systems
11.10.2 blood glucometers)
11.10.3 Dental Equipment
11.10.4 Disposable
11.10.5 Reusable Devices
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 Silicone
12.6.2 Synthetic Hydrocarbon
12.6.3 Ester
12.6.4 Perfluoropolyether
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 Devices (including laser treatment systems
12.10.2 blood glucometers)
12.10.3 Dental Equipment
12.10.4 Disposable
12.10.5 Reusable Devices
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 Silicone
13.6.2 Synthetic Hydrocarbon
13.6.3 Ester
13.6.4 Perfluoropolyether
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 Devices (including laser treatment systems
13.10.2 blood glucometers)
13.10.3 Dental Equipment
13.10.4 Disposable
13.10.5 Reusable Devices
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 Grade Lubricants Market: Competitive Dashboard
14.2 Global Medical Grade Lubricants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accurate Lubricants & Metalworking Fluids, Inc.
14.3.2 Nye Lubricants, Inc.
14.3.3 Benz Oil Inc.
14.3.4 MicroCare
14.3.5 Certol International LLC.
14.3.6 Miller-Stephenson, Inc.
14.3.7 Polysi Technologies Inc
14.3.8 FUCHS LUBRITECH
14.3.9 Schaeffer Manufacturing Co.