Global Medical Processing Seals Market: Introduction
Medical processing seals are specifically developed to prevent contamination and produce seals capable of withstanding a wide range of process media, potent active pharmaceutical ingredients (APIs), and aggressive cleaning regimes. Medical seals are used to prevent potential leakages when liquids or gases are pumped, drained, transferred, contained, evacuated, or dispensed. Medical processing seals can be found in various medical devices, respiratory equipment, drug delivery devices, insulin pumps, surgical power tools, clinical blood pumps, dialysis and respiratory apparatus, centrifuge drive units, pipettes and syringes, oxygen cylinders, connectors, and fluid transfer units.
Global Medical Processing Seals Market: Trends & Developments
Growth in aging population, increase in prevalence of chronic diseases, rise in incidences of lifestyle related diseases, and increase in health care expenditure by local government bodies are expected to drive the global medical processing seals market.
Global Medical Processing Seals Market: Segmentation
Based on the type, the global medical processing seals market can be segmented into o-rings, gaskets, and lip seals. The O-ring segment accounts for a dominant share of the market in terms of consumption. It is preferred and commonly used medical processing seal in the medical industry owing to its cost-effectiveness and efficiency. O-rings are used in applications such as pump shafts, piston cylinders, valves, connectors, and fluid transfer units. Medical gaskets are used in a variety of medical, pharmaceutical, and biotechnology applications as static seals, when o-ring are unable to provide an adequate seal. They are used in anesthesia equipment, surgical drills, biotech processing equipment, door seals, and other health care & medical applications. Medical gaskets are made from various rubber elastomers such as ethylene propylene diene terpolymer (EPDM), fluoroelastomer, and acrylonitrile butadiene rubber.
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Global Medical Processing Seals Market: Regional Outlook
In terms of region, the global medical processing seals market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the global medical processing seals market owing to the growing geriatric population, increasing life expectancy, and burgeoning population. China is anticipated to dominate the medical processing seals market in the region. The medical processing seals market in the country is projected to expand at a significant CAGR during the forecast period. India is a key destination for medical tourism. Medical tourism in India generates a significant revenue for the country and is expected to fuel the medical processing seals market in India. Penetration of public health care system is poor in India, especially in remote villages. This is projected to drive the medical processing seals market in country. North America is anticipated to account for a significant share of the global medical processing seals market. The medical processing seals market in the region is anticipated to expand at a substantial CAGR during the forecast period. High consumption and demand for new and innovative medical devices & equipment in the region due to the presence of a strong health care sector is driving the demand for medical processing seals in North America.
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Global Medical Processing Seals Market: Key Players
Key players operating in the global medical processing seals market include IDEX, Minnesota Rubber and Plastics, Saint-Gobain S.A, Morgan Advanced Materials Plc, Bal Seal Engineering, Inc., Marco Rubber & Plastics, LLC. Techno Ad Ltd., PARKER HANNIFIN CORP, Freudenberg Group, and Trelleborg AB.
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.
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