Market Overview:
The global medical processing seal market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the medical processing seal market can be attributed to the increasing demand for medical equipment and accessories across the globe. Additionally, the growing awareness about hygiene and safety is also propelling the growth of this market. Based on type, silicone material segment is projected to lead the global medical processing seal market during forecast period 2018-2030. Silicone material offers excellent resistance against high temperatures and chemicals, which makes it suitable for use in various applications such as tubing connectors, valves, gaskets and diaphragms in medical equipment and accessories.
Product Definition:
Medical Processing Seal is an adhesive seal used to prevent the unauthorized access of medical products. It is also used to indicate that a product has been processed and meets all regulatory requirements.
Silicone Material:
Silicone material is a versatile, flexible and soft elastomer that can be processed into various shapes and sizes. It has the ability to withstand high temperatures making it ideal for medical applications. The growth factor in the medical processing seal market is driven by factors such as its growing adoption in implantable devices manufacturing, rising awareness regarding bio-compatible materials usage along with favorable government regulations pertaining to sterilization of surgical instruments etc.
EPDM Material:
EPDM is short for Ethylene Propylene Diene Monomer and it is a copolymer of propylene oxide and ethylene oxide. It has high resistance to chemicals, high tensile strength, excellent elasticity & flexibility, low moisture absorption & transmission and good electrical properties.
Application Insights:
Medical equipment was the largest application segment in 2015 and is expected to continue its dominance over the forecast period. The global medical processing seal market is witnessing significant growth owing to increasing demand for advanced products with enhanced performance, safety, and reliability.
The growing importance of sterilization in pharmaceutical industry as a result of government regulations regarding disposal of bio-hazardous waste is expected to drive product demand from medical equipment application segment over the forecast period. In addition, stringent regulatory norms regarding hygiene at hospitals & healthcare centers are further anticipated to propel market growth during the study period.
Medical accessories are also estimated to witness considerable growth during future years on account of rising disposable income among emerging economies such as India & China along with Latin America countries such as Brazil & Mexico will boost spending on healthcare which will subsequently fuel seal manufacturing for use in medical applications globally.
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 activities and high adoption of medical devices in U.S., which has led to a large production base for these products as well.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical processing seal market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving the growth of the medical processing seal market.
- Rising prevalence of chronic diseases: The global medical processing seal market is also driven by the rising prevalence of chronic diseases such as cancer, heart disease, and diabetes. These diseases require repeated treatment procedures, which is contributing to the growth of the medical processing seal market.
- Technological advancements: The development of new technologies such as radiofrequency (RF) ablation and laser ablation has led to increased adoption of these technologies in surgical procedures, thereby driving growth in the medical processing seal market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Processing Seal Market Research Report
By Type
Silicone Material, EPDM Material, Metals Material, PTFE Material, Nitrile Rubber Material
By Application
Medical Equipment, Medical Accessories
By Companies
IDEX, Saint-Gobain, Freudenberg, Trelleborg AB, Parker Hannifin, Minnesota Rubber and Plastics, Marco Rubber & Plastic Products, Morgan Advanced Materials, Bal Seal Engineering, Techno, IDEX
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Medical Processing Seal Market Report Segments:
The global Medical Processing Seal market is segmented on the basis of:
Types
Silicone Material, EPDM Material, Metals Material, PTFE Material, Nitrile Rubber Material
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 Equipment, Medical Accessories
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:
- IDEX
- Saint-Gobain
- Freudenberg
- Trelleborg AB
- Parker Hannifin
- Minnesota Rubber and Plastics
- Marco Rubber & Plastic Products
- Morgan Advanced Materials
- Bal Seal Engineering
- Techno
- IDEX
Highlights of The Medical Processing Seal 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 Material
- EPDM Material
- Metals Material
- PTFE Material
- Nitrile Rubber Material
- By Application:
- Medical Equipment
- Medical Accessories
- 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 Processing Seal 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
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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?
A Medical Processing Seal is a tamper-evident seal used on medical documents to indicate that the document has been processed in accordance with applicable federal and state laws and regulations.
Some of the major companies in the medical processing seal market are IDEX, Saint-Gobain, Freudenberg, Trelleborg AB, Parker Hannifin, Minnesota Rubber and Plastics, Marco Rubber & Plastic Products, Morgan Advanced Materials, Bal Seal Engineering, Techno, IDEX.
The medical processing seal 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 Medical Processing Seal 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 Processing Seal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Processing Seal 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 Processing Seal 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 Processing Seal Market Size & Forecast, 2018-2028
4.5.1 Medical Processing Seal Market Size and Y-o-Y Growth
4.5.2 Medical Processing Seal Market Absolute $ Opportunity
Chapter 5 Global Medical Processing Seal 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 Processing Seal Market Size Forecast by Type
5.2.1 Silicone Material
5.2.2 EPDM Material
5.2.3 Metals Material
5.2.4 PTFE Material
5.2.5 Nitrile Rubber Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Processing Seal 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 Processing Seal Market Size Forecast by Applications
6.2.1 Medical Equipment
6.2.2 Medical Accessories
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Processing Seal 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 Processing Seal 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 Processing Seal Analysis and Forecast
9.1 Introduction
9.2 North America Medical Processing Seal 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 Processing Seal Market Size Forecast by Type
9.6.1 Silicone Material
9.6.2 EPDM Material
9.6.3 Metals Material
9.6.4 PTFE Material
9.6.5 Nitrile Rubber Material
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 Processing Seal Market Size Forecast by Applications
9.10.1 Medical Equipment
9.10.2 Medical Accessories
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 Processing Seal Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Processing Seal 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 Processing Seal Market Size Forecast by Type
10.6.1 Silicone Material
10.6.2 EPDM Material
10.6.3 Metals Material
10.6.4 PTFE Material
10.6.5 Nitrile Rubber Material
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 Processing Seal Market Size Forecast by Applications
10.10.1 Medical Equipment
10.10.2 Medical Accessories
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 Processing Seal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Processing Seal 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 Processing Seal Market Size Forecast by Type
11.6.1 Silicone Material
11.6.2 EPDM Material
11.6.3 Metals Material
11.6.4 PTFE Material
11.6.5 Nitrile Rubber Material
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 Processing Seal Market Size Forecast by Applications
11.10.1 Medical Equipment
11.10.2 Medical Accessories
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 Processing Seal Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Processing Seal 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 Processing Seal Market Size Forecast by Type
12.6.1 Silicone Material
12.6.2 EPDM Material
12.6.3 Metals Material
12.6.4 PTFE Material
12.6.5 Nitrile Rubber Material
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 Processing Seal Market Size Forecast by Applications
12.10.1 Medical Equipment
12.10.2 Medical Accessories
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 Processing Seal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Processing Seal 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 Processing Seal Market Size Forecast by Type
13.6.1 Silicone Material
13.6.2 EPDM Material
13.6.3 Metals Material
13.6.4 PTFE Material
13.6.5 Nitrile Rubber Material
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 Processing Seal Market Size Forecast by Applications
13.10.1 Medical Equipment
13.10.2 Medical Accessories
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 Processing Seal Market: Competitive Dashboard
14.2 Global Medical Processing Seal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IDEX
14.3.2 Saint-Gobain
14.3.3 Freudenberg
14.3.4 Trelleborg AB
14.3.5 Parker Hannifin
14.3.6 Minnesota Rubber and Plastics
14.3.7 Marco Rubber & Plastic Products
14.3.8 Morgan Advanced Materials
14.3.9 Bal Seal Engineering
14.3.10 Techno
14.3.11 IDEX
