Global Medical Rubber and Balloon Product  Market research report - forecast till 2032

Medical Rubber and Balloon Product Market Research Report Information, By Type (Natural Rubber Latex, Catheters, Balloons, Condoms, and Others), By Application (Diagnostics, Therapeutics, Industrial, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/MED/0106-HCR | 80 Pages | Author: Kinjoll Dey | March 2024         

Global Medical Rubber and Balloon Product Market Overview


Medical Rubber and Balloon Product Market Size was valued at USD 1.7 Billion in 2022. The Medical Rubber and Balloon Product market industry is projected to grow from USD 1.78 Billion in 2023 to USD 2.44 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.10% during the forecast period (2023 - 2032). Increasing rates of diseases such as cardiovascular and thoracic and governmental regulation are the vital market drivers expediting the market’s expansion.


Medical Rubber and Balloon Product Market


Source Secondary Research, Primary Research, MRFR Database, and Analyst Review


Medical Rubber and Balloon Product Market Trends



  • Growing needs for personal protective equipment is driving the market growth


Market CAGR for medical rubber and balloon product is being driven by the rising need for personal protective equipment as well as increasing disease rates. Due to the rising need for medical equipment and accessories worldwide, the  market for rubber and balloon products for medical use is anticipated to grow at a rapid rate. Additionally, the prevalence of disorders including cardiovascular and thoracic diseases is rising. Developing nations' growing awareness of health issues drives market expansion. However, the  market for medical rubber and balloon goods will be constrained by stringent governmental regulations and intense competition at the entry-level market.


The medical rubber and balloon goods market is expected to increase as a result of the increasing patient and healthcare professional knowledge of the benefits of using these products. Healthcare practitioners are more likely to recommend and use these goods in their practice as they become more aware of the uses and advantages of them. Patients who are aware of the value of high-quality medical equipment are more likely to look for healthcare institutions that provide cutting-edge and dependable rubber and balloon items. The market for medical rubber and balloon products also gains from elements like strict regulatory standards and directives. Regulatory organizations are essential in guaranteeing the effectiveness and safety of medical equipment, such as rubber and balloon goods. Manufacturers must adhere to these laws for patients and healthcare professionals to trust their products, which encourages more people to buy them.


The pandemic has increased the demand for personal protective equipment, including as gloves and masks, which has helped the industry expand. Additionally, there are now more chances for manufacturers in the market due to the rise in demand for respiratory devices including ventilator circuits and respiratory masks. Several factors, such as regulatory compliance, partnerships with healthcare providers, and rising awareness among professionals and patients, are driving the medical rubber and balloon products market. The demand for safe, efficient, and technologically cutting-edge rubber and balloon products is anticipated to increase as the healthcare sector continues to develop, offering plenty of room for expansion for manufacturers in this market. Thus, driving the Medical Rubber and Balloon Product market revenue.


Medical Rubber and Balloon Product Market Segment Insights


Medical Rubber and Balloon Product Type Insights


The  Medical Rubber and Balloon Product market segmentation, based on type includes natural rubber latex, catheters, balloons, condoms, and others. The balloon segment is anticipated to experience the greatest type-based CAGR during the projection period. Products with balloons are frequently used to help heart patients pump their hearts. A balloon of this kind is constructed of rubber. There are numerous types of balloons utilized, including catheters for heat transfer, multi-lumen balloons for delivering endovascular grafts, drug delivery, and light treatment.


Medical Rubber and Balloon Product Application Insights


The  Medical Rubber and Balloon Product market segmentation, based on application, includes diagnostics, therapeutics, industrial, and others. The diagnostics category generated the most income. To open up obstructions or unclog arteries, high-pressure medical balloons are used. Additionally, it is used in other parts of the body to dilate the ureter, heart valve, esophagus, and more. Elastomeric balloons with low pressure are utilized for sealing or occlusion. Innovations in balloon design and technology have increased product designers' freedom


Figure 1  Medical Rubber and Balloon Product Market, by Application, 2022 & 2032 (USD Billion)


Medical Rubber and Balloon Product Market


Source Secondary Research, Primary Research, MRFR Database, and Analyst Review


Medical Rubber and Balloon Product Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Medical Rubber and Balloon Product market area will dominate this market, due to the significant growth of the healthcare and medical sectors and the growing government financing for research and development. In addition, the prevalence of chronic diseases like asthma, COPD, and cardiovascular disease in this region has boosted market expansion.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2  MEDICAL RUBBER AND BALLOON PRODUCT MARKET SHARE BY REGION 2022 (USD Billion)


Source Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe’s Medical Rubber and Balloon Product market registered as the second-largest market share due to a rise in expenditure across the s healthcare industry. Further, the German Medical Rubber and Balloon Product market accounted for the biggest market share, and the UK Medical Rubber and Balloon Product market was the fastest-growing wine market in the European region


The Asia-Pacific Medical Rubber and Balloon Product Market is expected to grow at the quickest CAGR from 2023 to 2032. This is due to the rising spread of cardiac diseases. Moreover, China’s Medical Rubber and Balloon Product market held the biggest market share, and the Indian Medical Rubber and Balloon Product market was the fastest-growing market in the Asia-Pacific region.


Medical Rubber and Balloon Product Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the Medical Rubber and Balloon Product market, grow even more. Market players are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contracts & agreements, mergers & acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Medical Rubber and Balloon Product industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Medical Rubber and Balloon Product industry to benefit clients and increase the market sector. In recent years, the Medical Rubber and Balloon Product industry has offered some of the most significant advantages to medicine. Major players in the Medical Rubber and Balloon Product market, including Abbott Laboratories (U.S.). Adventa Berhad (Malaysia), AngioDynamics, Inc. (U.S.), Ansell Healthcare (Australia), Arrow International (New Zealand), Astra Tech, Inc. (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (U.S.), Hartalega Holdings Berhad (Malaysia), Church & Dwight Co, Inc. (U.S.), Latexx Partners Berhad (Malaysia), Reckitt Benckiser Group (U.K), and others, are attempting to increase market demand by investing in research and development operations.


A wide variety of healthcare goods are discovered, developed, produced, and sold by Abbott Laboratories (Abbott), including branded generic medications, diagnostic tools and procedures, and infant, child, and adult nutritional supplements. The business also sells a range of medical devices, such as those for neuromodulation, electrophysiology, rhythm control, vascular and structural cardiac devices, and heart failure. The business also sells dietary supplements, minerals, and nutrition goods. It runs manufacturing sites all around the world and has research and development centers in the US, China, Colombia, India, Singapore, Spain, and the UK. The corporation sells its goods across Africa, the Middle East, Latin America, North America, and the Asia-Pacific region. The US city of Abbott Park, Illinois, is home to Abbott. In April 2023, Abbott said that the purchase of Cardiovascular Systems was complete. The acquisition gives the business access to a supplementary vascular disease treatment option. The business creates its own stents and angioplasty products.


Medical technology and pharmaceutical goods are developed, produced, and distributed by B. Braun Melsungen AG (B. Braun), in addition to offering medical services. Infusion solutions and consumables, cleaning products, infusion pumps and systems, nutrition and pain management, suture materials, hip and knee implants, surgical instruments, dialysis equipment and accessories, ostomy care, and wound care products are some of the company's main offerings. In the areas of anesthesia, extracorporeal blood transfusion, intensive care, cardiology, and surgery, B. Braun offers goods and systems. Additionally, it provides services for medical practices, clinics, and the home care industry. Europe, the Americas, Asia-Pacific, Africa, and the Middle East are all regions where the corporation offers its goods. The headquarters of B. Braun is in Melsungen, Germany. In September 2022, The portfolio of Clik-FIX catheter securement devices was purchased from Starboard Medical by B. Braun Medical, according to an announcement.


Key Companies in the Medical Rubber and Balloon Product market include



  • Abbott Laboratories (U.S.)

  • Adventa Berhad (Malaysia),

  • AngioDynamics, Inc. (U.S.)

  • Ansell Healthcare (Australia),

  • Arrow International (New Zealand),

  • Astra Tech, Inc. (U.S.),

  • Braun Melsungen AG (Germany),

  • Cardinal Health, Inc. (U.S.),

  • Hartalega Holdings Berhad (Malaysia),

  • Church & Dwight Co, Inc. (U.S.),

  • Latexx Partners Berhad (Malaysia),

  • Reckitt Benckiser Group (U.K)


Medical Rubber and Balloon Product Industry Developments


March 2023 Ansell, an Australian company that specializes in personal protective equipment, has invested $20 million to construct a facility in Perundurai, Tamil Nadu, to produce surgical gloves.


Medical Rubber and Balloon Product Market Segmentation


Medical Rubber and Balloon Product Type Outlook (USD Billion, 2018-2032)



  • Natural Rubber Latex

  • Catheters

  • Balloons

  • Condoms

  • Others


Medical Rubber and Balloon Product Application Outlook (USD Billion, 2018-2032)



  • Diagnostics

  • Therapeutics

  • Industrial

  • Others


Medical Rubber and Balloon Product Regional Outlook




  • North America

    • US

    • Canada




  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Medical Rubber and Balloon Product Report Scope
Report Attribute/Metric Details
Market Size 2022 USD 1.7 Billion
Market Size 2023 USD 1.78 Billion
Market Size 2032 USD 2.44 Billion
Compound Annual Growth Rate (CAGR) 4.10% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Ansell Healthcare (Australia), Arrow International (New Zealand), Astra Tech, Inc. (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (U.S.), Hartalega Holdings Berhad (Malaysia)
Key Market Opportunities Increase healthcare expenditure driven by government initiatives
Key Market Dynamics Increase in diseases such as cardiovascular disorders




Frequently Asked Questions (FAQ) :

The Medical Rubber and Balloon Product market size was valued at USD 1.1 Billion in 2022.

The market is projected to grow at a CAGR of 4.10% during the forecast period, 2023-2032.

The key players in the market are Ansell Healthcare (Australia), Arrow International (New Zealand), Astra Tech, Inc. (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (U.S.), Hartalega Holdings Berhad (Malaysia).

The balloon category dominated the market in 2022.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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