Get In Touch

Medical Plastic Extrusion Market

Medical plastic extrusion is basically one of the most efficient ways to change the properties of raw plastic by combining additives. Tailored medical plastic extrusion may combine the features of modern substances so as to enable particular performance attributes for medical plastic tubing or components. It also produces multi-lumen tubing or complicated profiles so as to meet a multitude of uses. Silicone, polyether ether ketone (PEEK), nylon co-polymers, polyurethanes, polyvinyl chloride (PVC), and polycarbonate are amongst the materials utilized in medical plastics extrusion. The medical plastic extrusion process has a tendency to alter the cosmetic, electrical, thermal, or physical properties of the material. In order to obtain a vast range of pre-coloring and structural qualities, the procedure involves adding a variety of reinforcements, fillers, and additives to the basic resin. These are lightweight and biocompatible. Production costs are relatively cheap. Surgical equipment, catheters and syringes, medical bags, implants, medication delivery devices, diagnostic instruments, and dental tools, are all examples of medical plastic extrusion uses. Such vast uses are anticipated to propel the global medical plastic extrusion market forward in the years to come.

Manufacturers of medical devices make use of several types of plastics based on suitability, raw material availability, and cost. Traditional plastics like PE, PP, and PVC make up a large portion of the medical sector. Medical device makers are also emphasizing the use of sophisticated polymers like engineering thermoplastics. Cross infection in hospitals is being reduced, thanks to technological advancements in the manufacturing of plastic with desirable characteristics such as microbiological resistance and high absorbency. Multiple benefits of the product are likely to accentuate demand in the global medical plastic extrusion market in the near future.

Medical Plastic Extrusion Market

Medical plastic extrusion is one of the viable techniques for changing the attributes of crude plastic utilizing a mix of added substances. Custom medical plastic extrusion can join the properties of cutting-edge materials to empower explicit execution qualities for tubing or medical plastic parts and can shape multi-lumen tubing or complex profiles to fit a wide scope of uses. Medical plastic extrusion measures will in general change the physical, warm, electrical, or stylish qualities of the plastic. The cycle involves the consolidation of a broad scope of added substances, fillers, and supports to base sap to accomplish a wide scope of underlying and pre-shading properties. These are lightweight and bio-viable. The expense of creation is likewise low. Key uses of medical plastic extrusion incorporate catheters and needles, dental apparatuses, symptomatic instruments, drug conveyance gadgets, inserts, medical sacks, and careful instruments.

Innovative advancements in the production of plastic with wanted properties, for example, high absorbent and microbial obstruction property are diminishing cross pollution in emergency clinics. This is required to drive the assembling of new and imaginative medical plastic extrusion items soon. The advancement in medical plastic extrusion innovation and expansion in new market players are the significant driving elements of the worldwide medical plastic extrusion market. Expanded admittance to medical care administrations for shoppers is likewise driving the development of the market. Expanding cardiovascular sicknesses like heart failure, cardiovascular arrhythmia, and congestive cardiovascular breakdown will help the interest of catheters, worldwide.

Medical Plastic Extrusion Market - Introduction

Medical plastic extrusion is one of the effective methods for transforming the characteristics of raw plastic using a blend of additives. Custom medical plastic extrusion can combine the properties of advanced materials to enable specific performance characteristics for medical plastic tubing or plastic parts, and can form multi-lumen tubing or complex profiles to fit a wide range of applications. Materials used in medical plastics extrusion range from polyvinyl chloride (PVC) to polyurethanes to nylon co-polymers to polycarbonate to polyether ether ketone (PEEK) to silicone. Medical plastic extrusion process tends to change the physical, thermal, electrical, or aesthetic characteristics of the plastic. The process entails incorporation of an extensive range of additives, fillers, and reinforces to base resin in order to achieve a wide range of structural and pre-coloring properties. These are lightweight and bio-compatible. The cost of production is also low. Key applications of medical plastic extrusion include catheters and syringes, dental tools, diagnostic instruments, drug delivery devices, implants, medical bags, and surgical instruments.

Identify the Key Factors that will drive your Company’s Growth. Request a Brochure of this Report here

Medical Plastic Extrusion Market- Competitive Landscape

Key players operating in the global medical plastic extrusion market are focusing on capacity expansion and mergers. For instance,

  • In August 2014, The Lubrizol Corporation acquired Vesta . The acquisition broadened Lubrizol's life science manufacturing capabilities, applications, and material portfolio with access to silicone and a range of other thermoplastics utilized in medical devices. In August 2017, The Lubrizol Corporation's LifeSciences business is investing US$ 10Mn for a significant capacity expansion at its silicone contract manufacturing site in Franklin, U.S.

The number of players, especially small- and medium-scale manufacturers, operating in the global medical plastic extrusion market is significantly large. Therefore, the market is highly fragmented. For instance,

  • In December 2017, Solvay and Apollo Medical see growing interest in Veradel HC product as a potential game-changing material for medical microtube designs . Apollo Medical Extrusion offers single- and multi-lumen medical microtubing extruded from Solvay’s medical-grade Veradel HC A-301 NT polyethersulfone (PESU).

3M

Founded in 1902, 3M is headquartered in Minnesota, U.S. The company is a diversified technology company with a global presence. The company operates through five business segments: industrial, safety & graphics, healthcare, electronics & energy, and consumer. The healthcare segment provides services to medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, and food manufacturing and testing. 3M has been a leader of great business development strategies. The company is always open to adapt new things.

Expanding Operations in Future? To get the perfect launch ask for a Custom Report here

Medica Europe BV.

Founded in 1957, Medica Europe BV is headquartered in Oss, Netherlands. The company formerly known as Maxxim Medical Europe BV, develops, manufactures, and markets a wide range of medical disposables. The company manufactures disposables for critical care units, interventional radiology centers, cardiac catheterization laboratories, and operating rooms. It markets products to clinics and health care providers through direct sales channels outside of the Netherlands and Belgium. Company’s has gained leading position in the non-latex examination gloves and custom procedure trays market. Media Europe BV has reported strong growth in the past few years.

Stradis Healthcare

Founded in 1992, Stradis Healthcare is headquartered in Peachtree Corners, U.S. The company manufactures and markets standard and custom surgical products. The company offers surgical/procedure packs for arthroscopic, endovenous, OBGYN, heart Cath, ophthalmic, oral, orthopedics, plastic, cornea/tissue bank, and veterinary applications; and sterile separates, such as OBGYN, ophthalmic, oral, and plastic sterile separates. It also provides contract packaging services that include custom assembly and sub-assembly, custom packaging, personalization by physician or facility with logo capabilities, sealing, sterile and non-sterile device manufacturing, sterilization, and validation services. It serves surgical centers, private practices, and purchasing networks in the United States and internationally.

Medical Plastic Extrusion Market – Dynamics

Technological advancements in the medical plastic extrusion used to prepare surgical products

Manufacturers of medical devices opt for different types of plastics based on cost effectiveness, raw material availability, and applicability. Conventional plastics such as PVC, PP, and PE account for significant share of the medical industry. Further manufacturers of medical devices focus on employing advanced plastics such as engineering thermoplastics. Technological developments in the manufacture of plastic with desired properties such as high absorbency and microbial resistance are reducing cross contamination in hospitals. This is expected to drive the manufacture of new and innovative medical plastic extrusion product in the near future.

Government initiatives

Governments have taken initiatives to increase the use of technology in the manufacture of medical plastic extrusion. For Instance, the government of India has permitted 100% foreign direct investment (FDI). This initiative has increased participation of leading manufacturers of medical plastic extrusion & surgical supplier in the country.

Medical Plastic Extrusion Market– Segmentation

Based on the material, the Medical Plastic Extrusion market is segmented into

  • Polyvinyl chloride (PVC)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Engineering plastics
  • Silicone
  • Others (biopolymers and polyamides).

Based on the product type, the Medical Plastic Extrusion market is segmented into

  • Splittable tubing
  • Radiopaque fillers
  • Etched liners
  • Medical tubing
  • Thermoplastics elastomer tubing
  • Multi-lumen tubing
  • Medical coextrusion
  • Others

Based on the application, the Medical Plastic Extrusion market is segmented into

  • Disposables
  • Diagnostic instruments
  • Medical bags
  • Drug delivery devices
  • Others (including breathing masks and incubators & autoclaves).

Based on the end-user, the Medical Plastic Extrusion market is segmented into

  • Hospitals & Diagnostic Centers
  • Pharmaceutical and Biotechnology Companies
  • Academic and Research Institutes
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Medical Plastic Extrusion Market