02-Oct-2020 | Zion Market Research
The global medical processing seals market size was valued at USD 1.3 billion in 2019 and is expected to surpass USD 1.9 billion by 2025 with a CAGR of 5.4%, as per Zion Market Research. The global market for medical processing seals is witnessing development due to rising demand from applications such as technological advancements, medical devices & equipment, and rising requirement in Asia Pacific, majorly from Korea, China, India, and the Southeast Asian nations. In addition to this, the increasing healthcare industry in the area is anticipated to grow the requirement for medical devices & equipment, hence advantaging the development of the global market.
Major players in the global market include Saint-Gobain S.A., IDEX Corporation, Trelleborg AB, Freudenberg Group, Minnesota Rubber and Plastics, Parker Hannifin Corp, Morgan Advanced Materials Plc, Marco Rubber & Plastic Products, LLC, Techno AD Ltd., and Bal Seal Engineering, Inc.
Silicone Rules The Global Market And Predicted To Be The Quickest-Developing Material Segment
Based on material, silicone added up for the biggest share of the global market. Silicone is extremely preferred substance for medical sealing, since it is extremely compatible with body fluids and human tissue in comparison to other elastomers. In addition to this, silicone does not support growth of bacteria which makes it extremely suitable for machines that have close connection with the human body. One more essential substance employed in medical devices is LSR (liquid silicone rubber). LSR is employed in various essential medical cases such as oncology, cardiology, and orthopedics.
O-Rings Commands The Global Medical Processing Seals Market In The Years To Come
O-rings are used universally in medical devices & equipment due to their low price. O-rings are employed in different kinds of static and dynamic applications in the medical sector. Static applications such as gas or fluid sealing cases hugely use O-rings. The rising requirement for equipment and devices such as valves, drug delivery devices, cylinders, pumps, fluid transfer devices, connectors, dialysis equipment, and respiratory equipment in the developing nations of South America, Asia Pacific, and the Middle East & Africa is predicted to boost the requirement for medical processing seals.
North America Predicted To Be The Biggest Market For Medical Processing Seals
North America is predicted to add up for the biggest share of the global market for medical processing seals in the years to come. Huge demand and consumption for innovative and new medical equipment & devices in the area owing to the existence of a solid healthcare industry is boosting the requirement for medical processing seals in the area.
Browse the full “Medical Processing Seals Market Type (O-rings, Lip seals and Gaskets), Material (Silicone, EPDM, Metals, PTFE and Nitrile rubber), Application (Medical equipment and Medical devices): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/medical-processing-seals-market
The global medical processing seals market is segmented as follows:
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