Medical Elastomers Market, By Type (Thermoplastic Elastomer and Thermoset Elastomer), By Application (Medical Tubes, Catheters, Syringes, Non-woven and Films, Gloves, Medical Bags, Implants, and Others), By Geography (North America, Latin America, Europe,
Medical Elastomers Market, By Type (Thermoplastic Elastomer and Thermoset Elastomer), By Application (Medical Tubes, Catheters, Syringes, Non-woven and Films, Gloves, Medical Bags, Implants, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The medical elastomers market has been growing at a steady pace over the past few years. Elastomers, which are a type of polymer materials that are elastic in nature, find a wide range of applications across the medical device industry. Some common examples of medical elastomers include silicone rubber, polyisoprene rubber, and latex rubber. Due to their elasticity, flexibility and durable properties, elastomers are ideal for making several components of medical devices ranging from catheters, tubes and balloons to gloves, stoppers and bags. Their biocompatibility also makes elastomers suitable for products that come in direct contact with the human body. With the rising healthcare spending and growing demand for medical devices, the market for medical elastomers is expected to witness progressive growth over the coming years.
Market Dynamics:
The global medical elastomers market growth is driven by the growing geriatric population and the subsequent rise in the number of patients undergoing surgical procedures. As per estimations, over 1.5 billion minor and major surgeries are performed globally each year. This is expected to drive the demand for various disposable medical devices that use elastomers. Additionally, the increasing incidence of lifestyle diseases has boosted the healthcare industry, which in turn augments the market growth. However, stringent regulations pertaining to biocompatibility and toxicity of materials pose a challenge for market players. Moreover, availability of alternative materials also restrains the market expansion. On the positive side, ongoing R&D to develop advanced bio-elastomers with improved properties provides new opportunities.
Key Features of the Study:
This report provides an in-depth analysis of the global medical elastomers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global medical elastomers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this includes Avient, Rubber Group, Teknor Apex, Solvay, RTP Company, Romar, AVANTOR Inc., Momentive, Kuraray Co. Ltd, Kraton Corporation, DSM, Biomerics, DuPont de Nemours Inc., Sumitomo Rubber Industries Ltd., Eastman Chemical Company, Hexpol AB, and Arkema Group.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global antibiotics market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical elastomers market.
Detailed Segmentation-
By Type:
Thermoplastic Elastomer
Thermoset Elastomer
By Application:
Medical Tubes
Catheters
Syringes
Non-woven and Films
Gloves
Medical Bags
Implants
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles:
Avient
Rubber Group
Teknor Apex
Solvay
RTP Company
Romar
AVANTOR Inc.
Momentive
Kuraray Co. Ltd
Kraton Corporation
DSM
Biomerics
DuPont de Nemours Inc.
Sumitomo Rubber Industries Ltd.
Eastman Chemical Company
Hexpol AB
Arkema Group
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Manufacturer Revenue
Acquisitions and Partnerships Scenario
Product Launches/Approvals
Funding and Investments
PEST Analysis
Porter’s Analysis
4. Global Medical Elastomers Market - Impact of Coronavirus (COVID-19) Pandemic
Overall Impact
Government Initiatives
COVID-19 Impact on the Market
5. Global Medical Elastomers Market, By Type, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Thermoplastic Elastomer
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Thermoset Elastomer
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
6. Global Medical Elastomers Market, By Application, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Medical Tubes
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Catheters
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Syringes
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Non-woven and Films
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Gloves
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Medical Bags
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Implants
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Pharmaceutical Companies
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
7. Global Medical Elastomers Market, By Region, 2019 – 2031, (USD Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019–2031
Regional Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (USD Bn)