As the prevalence of diseases is increasing continuously the demand of this type of product is increased in developed countries. The major driving factor for the medical rubber and balloon product market in Americas is increasing demand for the medical devices & products, increasing prevalence of different chronic diseases, and many brighter sides of the rubber products. On the other hand, introduction of better alternatives may slow the market growth.
However, the most important thing to be considered by manufacturer is the rubber product should not make any kind of allergic reaction to the skin of doctors or patients as different types of colours and chemicals are used while manufacturing of this product.
Americas Medical Rubber and Balloon Product Market Highlights
Now a days, rubbers are used to prepare disposables, which have been adopted by peoples and number of organizations. Disposables are one time use and reduces the chances of infection. Different types of size and shapes are available as per the convenience of the user.
Rubber and its product have completely improved the safety and efficiency of the medical devices. Rubber is used in the preparation of different medical products such as chloroform bellow, infant syringe, ear /eye and ulcer syringe, dental product, and others.
Americas Medical Rubber and Balloon Product Market Segmentations
The 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.
Americas Medical Rubber and Balloon Product Market Regional Analysis
Americas medical rubber and balloon market is expected to see strong growth during the forecast period due to increasing need of medical equipment accessories and surgical products as well as growing technological advancements in the formulation of rubber and polymers in the medical device, equipment and accessories industry. Americas medical rubber and balloon market is segmented into North America and South America. North America holds the major share in the market owing to increase in number of diseases which has ameliorate the number of hospitals and surgeries, increasing demand for the different medical devices and rapidly developing technology. Whereas, South America has the developing market.
Americas Medical Rubber and Balloon Product Market Key Players
The Americas medical rubber and balloon product market is highly fragmented with the presence of many local and international players. To sustain the increasing competition, local players are focusing on cost reduction and innovation to ensure sustainability. While, the international players implemented growth strategies through collaborations and partnerships to expand their overall market share.
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).
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