Medical Elastomers Market by Type (Thermoset and Thermoplastic), Application (Medical Tubes, Catheters, Syringes, Gloves, Medical Bags, and Implants), and Region (North America, Europe, APAC, MEA, and South America) Global Forecast to 2022
[124 Pages Report] Medical Elastomers Market was valued at USD 5.11 Billion in 2016 and is projected to reach USD 7.92 Billion by 2022, at a CAGR of 7.5% during the forecast period. The base year considered for the study of the medical elastomers market is 2016 and the forecast period considered is between 2017 and 2022.
Objectives of the Study:
- To define, describe, and forecast the medical elastomers market based on type, application, and region
- To provide detailed information about key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the medical elastomers market
- To strategically analyze micromarkets with respect to individual growth trends, future growth prospects, and contribution to the overall medical elastomers market
- To analyze opportunities in the medical elastomers market for the stakeholders and provide detailed information on the competitive landscape of the market
- To strategically profile the key players operating in the medical elastomers market and comprehensively analyze their market shares and core competencies
The research study involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Factiva, the Securities and Exchange Commission, the American Medical Association, and the World Health Organization, to identify and collect information useful for this technical, market-oriented, and commercial study of the medical elastomers market. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the medical elastomers market and estimate the sizes of various other dependent submarkets.
To know about the assumptions considered for the study, download the pdf brochure
Some of the key players operating in the medical elastomers market include BASF SE (Germany), DowDuPont (US), Eastman Chemical Company (US), Royal DSM (Netherlands), and Solvay S.A. (Belgium).
Key Target Audience:
- Manufacturers of Medical Elastomers
- Traders, Distributors, and Suppliers of Medical Elastomers
- Manufacturers of Medical Devices
- Government & Regional Agencies and Research Organizations
- Investment Research Firms
This study answers several questions for various leading players across the value chain of medical elastomers, primarily which market segments to focus on, in the next two to five years for prioritizing their efforts and investments.
Scope of the Report:
This research report categorizes the medical elastomers market based on type, application, and region.Medical Elastomers Market, by Type:
- Thermoset Elastomers
- Thermoplastic Elastomers
Medical Elastomers Market, by Application:
- Medical Tubes
- Catheters
- Gloves
- Syringes
- Medical Bags
- Implants
- Others (Grips and Face Masks)
Medical Elastomers Market, by Region:
- North America
- APAC
- Europe
- South America
- Middle East & Africa
The medical elastomers market has been further analyzed based on the key countries of each of these regions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:Regional Analysis:
- A country-level analysis of the medical elastomers market
Company Information:
- Detailed analysis and profiling of additional market players
The medical elastomers market is projected to grow from USD 5.51 Billion in 2017 to USD 7.92 Billion by 2022, at a CAGR of 7.5% during the forecast period from 2017 to 2022. The growth of the market is attributed to the rising demand for medical devices across the globe. Increased awareness among governments to provide high-quality healthcare infrastructure is expected to drive the demand for medical devices, which will, in turn, lead to the growth of the medical elastomers market across the globe. Also, technological advancement in the thermoplastic elastomer processing industry has made these elastomers an ideal choice for medical device manufacturing, leading to an increase in demand for thermoplastic medical elastomers in medical devices.
Based on type, the medical elastomers market has been segmented into thermoplastic and thermoset elastomers. The thermoplastic elastomers segment accounted for a larger share of the medical elastomers market in 2017. This segment is also projected to grow at a higher CAGR than the thermoset segment during the forecast period. The growth of thermoplastic elastomers is attributed to their increased demand in the manufacturing of medical tubes, catheters, medical bags, and other devices.
Based on application, the medical elastomers market has been segmented into medical tubes, catheters, syringes, gloves, medical bags, implants, and others. The medical tubes segment accounted for the largest market share in 2017. The increasing use of medical tubes in the diagnosis and treatment of diseases is further expected to drive the market for medical elastomers. The implants application segment is projected to grow at the highest CAGR during the forecast period owing to the increasing demand for orthopedic and prosthetic implants.
The medical elastomers market has been studied for APAC, North America, Europe, South America, and the Middle East & Africa. The APAC region is expected to lead the medical elastomers market during the forecast period. The growth of the APAC medical elastomers market is attributed to the regions growing population and increasing healthcare expenditure of various countries, such as India, Indonesia, and China. Additionally, increased investments from private and government sectors to improve the healthcare infrastructure across countries are also expected to create a demand for medical devices, thereby fueling the growth of the medical elastomers market in the region. The medical elastomers market is witnessing significant growth in China, India, Indonesia, and Saudi Arabia, owing to the increased consumption of medical devices in these countries.
Some of the key players operating in the medical elastomers market include BASF SE (Germany), DowDuPont (US), Eastman Chemical Company (US), Royal DSM (Netherlands), and Solvay S.A. (Belgium). These leading players have adopted various growth strategies, such as new product launches, acquisitions, mergers, expansions, partnerships, and joint ventures to widen their customer base and strengthen their position in the medical elastomers market. For instance, in 2017, Royal DSM (Netherlands) formed a partnership with the Musculoskeletal Transplant Foundation (MTF), a non-profit organization based in the US. This partnership is expected to help the company fulfill the changing requirements of reconstructive surgeries, along with material requirements in implants application. It will also help the company identify new opportunities in the medical & pharmaceutical industry. Dow (US) and DuPont (US) also announced their merger of equals in 2017. The newly formed company operates under the name DowDuPont. This merger enabled the companies to use each others resources and to increase their effectiveness in the core markets
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regional Scope
1.3.2 Years Considered for The Study
1.3.3 Currency
1.3.4 Unit Considered
1.4 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions
2.4.1 Market Size
2.4.2 Annual Production
2.4.3 Growth Rate
2.5 Limitations
2.5.1 Developments and Products, By Key Players
2.5.2 Market Size (Value) of Medical Elastomers
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 28)
4.1 Significant Opportunities in The Medical Elastomers Market
4.2 Medical Elastomers Market By Application
4.3 Medical Elastomers Market in APAC, By Country and Application
4.4 Medical Elastomers Market Size, By Type
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advancements in Thermoplastic Elastomer Processing Industry Increasing The Demand for Medical Elastomers
5.2.1.2 Increasing Demand for Medical Devices That Incorporate Medical Elastomers
5.2.1.3 Growing Awareness and Government Initiatives to Provide High-Quality Healthcare Facilities
5.2.2 Restraints
5.2.2.1 Significant Investment and Time Required for Product Development
5.2.3 Opportunities
5.2.3.1 Growing Healthcare Investment in Emerging Economies
5.2.3.2 Replacement of Metals With Plastics
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies
5.3 Porters Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of Substitutes
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry
6 Medical Elastomers Market, By Type (Page No. - 39)
6.1 Introduction
6.2 Thermoset Elastomers
6.2.1 Silicone
6.2.1.1 Liquid Silicone Rubber (LSR)
6.2.1.2 High Consistency Rubber (HCR)
6.2.2 Others
6.3 Thermoplastic Elastomers
6.3.1 Thermoplastic Polyurethane (TPU)
6.3.2 Styrene Block Copolymers (SBC)
6.3.3 Others
7 Medical Elastomers Market, By Application (Page No. - 43)
7.1 Introduction
7.2 Medical Tubes
7.3 Catheters
7.4 Gloves
7.5 Syringes
7.6 Medical Bags
7.7 Implants
7.8 Others
8 Medical Elastomers Market, By Region (Page No. - 47)
8.1 Introductions
8.2 North America
8.2.1 Us
8.2.2 Mexico
8.2.3 Canada
8.3 APAC
8.3.1 China
8.3.2 India
8.3.3 South Korea
8.3.4 Japan
8.3.5 Indonesia
8.3.6 Rest of APAC
8.4 Europe
8.4.1 Germany
8.4.2 Italy
8.4.3 UK
8.4.4 France
8.4.5 Rest of Europe
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 Egypt
8.5.4 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
9 Competitive Landscape (Page No. - 87)
9.1 Overview
9.2 Market Ranking
9.3 Competitive Situation & Trends
9.3.1 Expansions, 2015-2017
9.3.2 Mergers, Joint Ventures, Partnerships, and Acquisitions, 2015 - 2017
9.3.3 New Product Launches, 2015-2017
10 Company Profile (Page No. - 92)
10.1 BASF SE
10.2 Dowdupont
10.3 Solvay S.A.
10.4 Royal DSM
10.5 Eastman Chemical Company
10.6 Trelleborg AB
10.7 Kuraray Co., Ltd.
10.8 Teknor Apex
10.9 Momentive Performance Materials Inc.
10.10 Celanese Corporation
10.11 Polyone Corporation
10.12 Other Companies
10.12.1 Kraton Corporation
10.12.2 Raumedic AG
10.12.3 Hexpol AB
10.12.4 Foster Corporation
10.12.5 RTP Company
10.12.6 the Hygenic Corporation
10.12.7 Biomerics
11 Appendix (Page No. - 116)
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Related Reports
11.6 Author Details
List of Tables (71 Tables)
Table 1 By Market Size, By Type, 20152022 (Kiloton)
Table 2 By Market Size, By Type, 20152022 (USD Million)
Table 3 By Market Size, By Application, 20152022 (Kiloton)
Table 4 By Market Size, By Application, 20152022 (USD Million)
Table 5 By Market Size, By Region, 20152022 (Kiloton)
Table 6 ByMarket Size, By Region, 20152022 (USD Million)
Table 7 By Market Size, By Application, 20152022 (Kiloton)
Table 8 By Market Size, By Application, 20152022 (USD Million)
Table 9 North America: By Market Size, By Country, 20152022 (Kiloton)
Table 10 North America: By Market Size, By Country, 20152022 (USD Million)
Table 11 North America: By Market Size, By Application, 20152022 (Kiloton)
Table 12 North America: By Market Size, By Application, 20152022 (USD Million)
Table 13 US: By Market Size, By Application, 20152022 (Kiloton)
Table 14 US: By Market Size, By Application, 20152022 (USD Million)
Table 15 Mexico: By Market Size, By Application, 20152022 (Kiloton)
Table 16 Mexico: By Market Size, By Application, 20152022 (USD Million)
Table 17 Canada: By Market Size, By Application, 20152022 (Kiloton)
Table 18 Canada: By Market Size, By Application, 20152022 (USD Million)
Table 19 APAC: By Market Size, By Country, 20152022 (Kiloton)
Table 20 APAC: By Market Size, By Country, 20152022 (USD Million)
Table 21 APAC: By Market Size, By Application, 20152022 (Kiloton)
Table 22 APAC: By Market Size, By Application, 20152022 (USD Million)
Table 23 China: By Market Size, By Application, 20152022 (Kiloton)
Table 24 China: By Market Size, By Application, 20152022 (USD Million)
Table 25 India: By Market Size, By Application, 20152022 (Kiloton)
Table 26 India: By Market Size, By Application, 20152022 (USD Million)
Table 27 South Korea: By Market Size, By Application, 20152022 (Kiloton)
Table 28 South Korea: By Market Size, By Application, 20152022 (USD Million)
Table 29 Japan: By Market Size, By Application, 20152022 (Kiloton)
Table 30 Japan: By Market Size, By Application, 20152022 (USD Million)
Table 31 Indonesia: By Market Size, By Application, 20152022 (Kiloton)
Table 32 Indonesia: By Market Size, By Application, 20152022 (USD Million)
Table 33 Rest of APAC: By Market Size, By Application, 20152022 (Kiloton)
Table 34 Rest of APAC: By Market Size, By Application, 20152022 (USD Million)
Table 35 Europe: By Market Size, By Country, 20152022 (Kiloton)
Table 36 Europe: By Market Size, By Country, 20152022 (USD Million)
Table 37 Europe: By Market Size, By Application, 20152022 (Kiloton)
Table 38 Europe: By Market Size, By Application, 20152022 (USD Million)
Table 39 Germany: By Market Size, By Application, 20152022 (Kiloton)
Table 40 Germany: By Market Size, By Application, 20152022 (USD Million)
Table 41 Italy: By Market Size, By Application, 20152022 (Kiloton)
Table 42 Italy: By Market Size, By Application, 20152022 (USD Million)
Table 43 UK: By Market Size, By Application, 20152022 (Kiloton)
Table 44 UK: By Market Size, By Application, 20152022 (USD Million)
Table 45 France: By Market Size, By Application, 20152022 (Kiloton)
Table 46 France: By Market Size, By Application, 20152022 (USD Million)
Table 47 Rest of Europe: By Market Size, By Application, 20152022 (Kiloton)
Table 48 Rest of Europe: By Market Size, By Application, 20152022 (USD Million)
Table 49 Middle East & Africa: By Market Size, By Country, 20152022 (Kiloton)
Table 50 Middle East & Africa: By Market Size, By Country, 20152022 (USD Million)
Table 51 Middle East & Africa: By Market Size, By Application, 20152022 (Kiloton)
Table 52 Middle East & Africa: By Market Size, By Application, 20152022 (USD Million)
Table 53 Saudi Arabia: By Market Size, By Application, 20152022 (Kiloton)
Table 54 Saudi Arabia: By Market Size, By Application, 20152022 (USD Million)
Table 55 South Africa: By Market Size, By Application, 20152022 (Kiloton)
Table 56 South Africa: By Market Size, By Application, 20152022 (USD Million)
Table 57 Egypt: By Market Size, By Application, 20152022 (Kiloton)
Table 58 Egypt: By Market Size, By Application, 20152022 (USD Million)
Table 59 Rest of Middle East & Africa: By Market Size, By Application, 20152022 (Kiloton)
Table 60 Rest of Middle East & Africa: By Market Size, By Application, 20152022 (USD Million)
Table 61 South America: By Market Size, By Country, 20152022 (Kiloton)
Table 62 South America: By Market Size, By Country, 20152022 (USD Million)
Table 63 South America: By Market Size, By Application, 20152022 (Kiloton)
Table 64 South America: By Market Size, By Application, 20152022 (USD Million)
Table 65 Brazil: By Market Size, By Application, 20152022 (Kiloton)
Table 66 Brazil: By Market Size, By Application, 20152022 (USD Million)
Table 67 Rest of South America: By Market Size, By Application, 20152022 (Kiloton)
Table 68 Rest of South America: By Market Size, By Application, 20152022 (USD Million)
Table 69 Expansion, 2015 - 2017
Table 70 Mergers, Joint Ventures, Partnerships, and Acquisitions, 2015 - 2017
Table 71 New Product Launches, 2015 - 2017
List of Figures (36 Figures)
Figure 1 Medical Elastomers Market Segmentation
Figure 2 Medical Elastomers Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Thermoplastic Elastomers to Dominate The Medical Elastomers Market
Figure 7 Medical Tubes is the Largest Application of Medical Elastomers
Figure 8 By Market Size, By Country, 2016 (USD Million)
Figure 9 Medical Elastomers Market Share, By Region, 2016 (USD Million)
Figure 10 Attractive Market Opportunities in By Market, 2017 vs. 2022
Figure 11 Implants to Be the Fastest-Growing Application
Figure 12 China to Be the Largest Market for Medical Elastomers in APAC
Figure 13 Thermoplastic Elastomers to Be the Largest Segment
Figure 14 Factors Governing the Medical Elastomers Market
Figure 15 Per Capita Healthcare Expenditure, By Country (2014)
Figure 16 Porters Five Forces Analysis of Medical Elastomers Market
Figure 17 Thermoplastic Elastomers to Account for the Largest Market Share
Figure 18 Medical Tubes to Be the Largest Application of Medical Elastomers
Figure 19 India, China, and Indonesia to Be Fastest-Gr0wing Markets for Medical Elastomers During Forecast Period
Figure 20 North America Snapshot: US Accounted for Largest Market Share in North America in 2016
Figure 21 APAC Snapshot: China to Lead By Market Between 2017 and 2022
Figure 22 Europe Market Snapshot: Germany Accounted for Highest Market Share
Figure 23 Medical Tubes Application to Lead By Market in Middle East & Africa
Figure 24 Medical Tubes Application Dominates Overall By Market in South America
Figure 25 Companies Adopted New Product Launch as the Key Strategy Between 2015 and 2017
Figure 26 Market Ranking of Key Players
Figure 27 BASF SE: Company Snapshot
Figure 28 Dowdupont: Company Snapshot
Figure 29 Solvay S.A.: Com
Figure 30 Royal DSM: Company Snapshot
Figure 31 Eastman Chemical Company: Company Snapshot
Figure 32 Trelleborg Ab: Company Snapshot
Figure 33 Kuraray Co., Ltd.: Company Snapshot
Figure 34 Momentive Performance Materials: Company Snapshot
Figure 35 Celanese Corporation: Company Snapshot
Figure 36 Polyone Corporation: Company Snapshot
Growth opportunities and latent adjacency in Medical Elastomers Market