Americas Medical Rubber and Balloon Product Market Research Report - Forecast to 2030

Americas Medical Rubber and Balloon Product Market: By Type (Natural Rubber, Butadiene Rubber, Butyl Rubber, Silicon Rubber), By Product (Caps, Infusion Sets, Birth Control Products, Medical Masks, Catheters, Bulb Syringe,), By Technologies (Non-Compliant Type, Semi Compliant Type), By Application (Anchoring, Aspiration, Drug Delivery, Occlusion & Sizing, Stent, Valve Sizing and others) - Forecast till 2030

ID: MRFR/MED/0130-HCR | 85 Pages | Author: Kinjoll Dey | October 2023         

 Market Scenario The Americas Medical Rubber and Balloon Product Market is expected to reach USD 527.5 Million by 2030 at 5.9% CAGR during the forecast period 2022-2030. In medical, number of instrument are being used for various treatment. Rubber and balloon product plays an important role in the manufacturing of these instruments and medical devices. Majority of diagnostic and other medical devices are made of rubber. Rubber have various chemical and physical properties such as heat resistance, flexibility, chemically inert- an ideal material for the manufacturing of medical implants and devices. Extensive research and development in the innovating material technology can create a huge opportunities for the growth of the market over the review period. Different medical products such as masks, gloves, caps, various implants, tubes, and other products are made from high quality rubber.


Balloons are used in the products, which helps in the treatment of various cardiovascular diseases. The balloons are used in different types of treatment such as balloon angioplasty that helps in removing the obstruction in blood vessels. These balloons are made with high graded rubber that meets all the standard requirement. Balloon products are used for various surgical and other devices such as chloroform bellow, infant syringe, ear/eye, and ulcer syringe, which are used in the various surgeries, for instance, cardiovascular, thoracic, abdominal trauma, ophthalmology, ENT, and others. Additionally, they are used for light therapy, heat transfer catheters, drug delivery, and others. Various types of coating such as puncture resistance, lubrication coating, drug release coating as per the requirement are apply on the balloons.


The Americas medical rubber and balloon market is majorly driven by its various benefits over other material, increasing prevalence of cardiovascular diseases, cardiac diseases and increasing numbers of medical equipment. Increase in number of patient has simultaneously increased the number of hospitals and has upsurged the demand for the surgical products and medical devices. Introduction of alternative materials can hamper the growth of medical rubber and balloon market in America.  


 


Figure 1- America medical rubber and balloon market, by type Americas Medical Rubber Balloon Products Market


Source: World Health Organization (WHO, white paper, company presentation, annual report


 Key Players Some of the major players in this market are: Boston Scientific Corporation (US), The Hygenic Corporation (US), Fluke Corporation (US), Allied Healthcare Products, Inc. (US), Cardinal Health (US), INTEGRA Biosciences AG (Switzerland), Abbott (US), Cook (US), Ohio Medical (US), Garware Bestretch Limited (India).


Segmentations Americas medical rubber and balloon product market is segmented on basis types, products, technologies, and applications


On the basis of type, the market is segmented into natural rubber, butadiene rubber, butyl rubber, isoprene rubber, silicon rubber, and others.


On the basis of product, the market is segmented into caps, infusion, and transfusion sets, birth control products, medical masks, catheters, bulb syringe, rubber bladders, and others.


On the basis of technologies, the market is segmented into non-compliant type and semi compliant type, and others.


On the basis of application, the market is categorised into anchoring, aspiration, drug delivery, occlusion & sizing, stent, valve sizing, and others.


 Regional Analysis The American medical rubber and balloon product market is growing with a steady pace. North America contribute the largest share in the medical rubber and balloon product market owing to continuously increasing demand for the medical devices, increasing number of healthcare organization and presence of huge patient population. Increasing use of medical equipment and  demand for surgical devices have spurred the medical rubbers and balloon in the Americas market. South America region accounts the least share of the market.


 


Market Assessment Americas Medical Rubber Balloon Products Market-


Source: World Health Organization (WHO, white paper, company presentation, annual report Intended Audience



  • Product manufacturers

  • Government and private research companies

  • Research and Development (R&D) Companies

  • Hospitals and Laboratories

  • Medical Research Laboratories

  • Academic Medical Institutes and Universities



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 527.5 Million
  CAGR   5.9% (2022-2030)
  Base Year   2019
  Forecast Period   2022-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Product, Technologies, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Boston Scientific Corporation (US), The Hygenic Corporation (US), Fluke Corporation (US), Allied Healthcare Products, Inc. (US), Cardinal Health (US), INTEGRA Biosciences AG (Switzerland), Abbott (US), Cook (US), Ohio Medical (US), Garware Bestretch Limited
  Key Market Opportunities   The rise in the advancement of technology has improved the safety and efficiency of several surgeries
  Key Market Drivers   increasing prevalence of cardiovascular diseases
   


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‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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