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. Â
Some of the major players in this market are:Â
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.
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.
Intended Audience
| Attribute/Metric | Details |
| Market Size 2023 | 0.33 (USD Billion) |
| Market Size 2024 | 0.346 (USD Billion) |
| Market Size 2032 | 0.645 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 6.02 % (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Â Â Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â 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 | Â Increasing prevalence of cardiovascular diseases |
| Â | Â |
Americas Medical Rubber Balloon Products Market Highlights:
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Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
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