Study of Driving factors of Medical Elastomer Market
Introduction
Medical elastomer refers to the natural or
synthetic polymer having elastic properties used for manufacturing medical
products. Medical elastomers are of two types, thermoset elastomer, and
thermoplastic elastomer. They have several applications such as Implants
Syringes, Medical Bags, Gloves, Medical Tubes, and Others. They are extensively
used in the manufacturing of cardiovascular devices, prosthetic devices,
general medical care products, transdermal therapeutic systems, orthodontics,
etc. the extensive use of the elastomers is due to biocompatibility,
durability, design flexibility, and favorable performance/ cost ratios.
Drivers of medical elastomer market
The surge in demand for the safe and
halogen-free polymers used in manufacturing medical products is boosting the
medical elastomers market growth. Growing awareness and adoption of the
high-quality healthcare products will also drive the demand for medical
elastomers. The shift of medical device manufacturers towards thermoplastic
elastomers due to its high flexibility/elasticity is also boosting the market
growth.
Hindrances and opportunities
Biocompatibility concerns of some
elastomers coupled with the stringent regulatory requirements across the globe
might hamper the growth of the medical elastomers market during the given time
frame. However, increasing expenditure on medical and healthcare segment is
expected to increase the medical elastomers market size.
Geographical Analysis
Geographically, North America has a
significant market share of the global medical elastomers market share. The
market share is projected on account of the presence of key manufacturers in
the region particularly the U.S. Moreover, increasing medical tubing operations
have further boosted the market growth in the region. The market of Asia Pacific region is expected
to witness rapid growth owing to the growing population and rising healthcare
expenditure in the region. The demand for single-use medical devices such as
syringes, gloves, and various others is increasing rapidly which is boosting
the market growth in the region.
Medical elastomer market analysis by type
Medical elastomers are of two types,
thermoset elastomer, and thermoplastic elastomer. The thermoplastic segment of
medical elastomers is expected to have a significant market share on account of
their several benefits such as low cost, bio durability, biocompatibility,
transparency, and high microbial stability. Shift towards thermoplastic
elastomers from PVC for using plasticizer-free materials I boosting the growth
of the market. Increasing demand of thermoplastic elastomers for elastomeric
medical applications, such as septum, stoppers and syringe plungers is boosting
its market growth. Medical elastomers market trend is positive due to the shift
towards thermoplastic elastomers.
Medical Tubes expected to have a significant market share
The medical and healthcare sector is
witnessing rapid growth in the market and the growth of the medical sector
demand of medical elastomers has also increased. There are several applications of medical
elastomers such as Implants Syringes, Medical Bags, Gloves, Medical Tubes, and
Others. Medical tubes out of those segments are expected to have a significant
market share on account of its increasing use in diagnosis and treatment of
diabetes and cancer. Increasing use of medical elastomers in the manufacturing
of medical tubes due to low cost, bio durability, biocompatibility, and easy
availability is expected to boost the market growth.
I read your post and this blog is very good. You have provided good knowledge in this blog. This blog really impressed me. Thank you for sharing your knowledge with all of us. Share Market Research Report
ReplyDeleteThe post you have shared here about Medical Elastomer Market is really great as it contains some good knowledge which is very useful for me. Thanks for posting it. Keep it up. Market Evaluation Consulting Edmonton.
ReplyDelete