Medical Elastomers Market Trends, Analysis, Leading Players and Forecast 2024

Posted by Yash Chauhan on March 25th, 2019

Medical Elastomers Market

The global medical elastomers market is registering a good growth, due to the increasing demand for medical devices across the globe. This can also be attributed to its use in the wide range of applications, including medical tubes, medical bags, patch adhesives, orthopedic gels, and others.

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The major factors driving the medical elastomers market are the advancements in the thermoplastic elastomers processing industry, increasing demand of elastomers in the medical industry, growing awareness of high-quality healthcare facilities, and increasing demand of medical devices incorporating elastomers.

Advancements in the thermoplastic elastomers processing industry are among the main factor driving market growth.

Asia-Pacific is expected to lead the medical elastomers market in the coming years, due to the expanding medical industry in the region. The medical industry in countries such as China and India are rapidly growing, primarily due to the growing population, which is increasing the demand for medical devices, equipment, and others in the region.

Key players in the medical elastomers industry are focusing on developing more advanced elastomers and are investing significantly in the market to attain the same.

BASF SE, DowDuPoint Inc., Solvay SA, Royal DSM, Eastman Chemical Company, Celanese Corporation, Polyone Corporation, Trelleborg AB, Kuraray Co., Ltd., RTP Company, and Foster Corporation are some of the key players offering various elastomers to the medical industry.

Source: VynZ Research

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Yash Chauhan

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Yash Chauhan
Joined: February 25th, 2019
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