The global medical elastomers market size was USD 6.30 Billion in 2020 and is expected to register a revenue CAGR of 7.8% during the forecast period. Among some of the major factors driving market revenue growth include increasing demand for medical devices, increasing advancements across medical facilities, and rising preference for single-use medical devices. Elastomers are types of natural or synthetic polymers that have elastic properties. Elastomers are used to manufacture different medical products. Medical elastomers have strong viscoelasticity and weak intermolecular forces. Elastomers ae widely used in cardiovascular devices, general medical care products, prosthetic devices, orthodontics products, transdermal therapeutic systems, and others due to physical properties such as design flexibility, durability, biocompatibility, and effective performance.
Top Companies Operating in the Global Medical Elastomers Market:
BASF SE, DowDuPont, Eastman Chemical Company, Royal DSM, Trelleborg AB, Momentive Performance Materials Inc., Celanese Corporation, PolyOne Corporation, Teknor Apex, and Kuraray Co. Ltd.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Thermoset elastomers and thermoplastic elastomers are the two primary categories of medical elastomers. A type of polymer called thermoset elastomers is employed in medical applications because of its many qualities, including resistance to heat, chemicals, and corrosion as well as better strength and durability. It is frequently employed to shield particular medical equipment from harm brought on by heat and chemicals during sterilising procedures. Plastic and rubber are combined to form thermoplastic elastomers, often known as thermoplastic rubbers or TPE. It has thermoplastic and elastomeric qualities and is biocompatible. Manufacturing soft touch medical devices such tubing, surgical instruments, catheters, vial closures, drug delivery devices, monitoring patches, and others primarily uses thermoplastic elastomers.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Medical Elastomers market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Medical Elastomers market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Medical Elastomers market key players
3.2 Global Medical Elastomers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Medical Elastomers market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Medical Elastomers Market Segmentation
By Product Type Outlook:
- Thermoset Elastomers
- Thermoplastic Elastomers
By Technology Outlook:
- Extrusion Tubing
- Compression Molding
- Injection Molding
- Others
End-Use Outlook:
- Medical Tubes
- Catheters
- Syringes
- Implants
- Others
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