Global Medical Elastomers Market
Medical Elastomers Market
According to Verified Market Research, the Global Medical Elastomers Market was valued at USD 5.63 Billion in 2018 and is projected to reach USD 9.84 Billion by 2026, growing at a CAGR of 7.2 % from 2019 to 2026.
Global Medical Elastomers Market Outlook
The medical elastomers market is experiencing tremendous growth owing to the technological advancement in the production of the thermoplastic elastomers and thereby increases the demand for medical elastomers contributes to fuel the growth of the market. In addition, the growing awareness among the population and rise in the adaption for the medical devices that include elastomers is the other factor propel the market growth. Furthermore, the initiatives of the government to enhances the quality of the health care equipment and facilities tend to impose a positive outlook on the market. However, the initial investment and the time required for the development of the product are factors expected to hamper the growth of the market.
Global Medical Elastomers Market Competitive Landscape
The Global Medical Elastomers Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Royal DSM, BASF SE, Eastman Chemical Company, DowDuPont, Solvay S.A. Polyone Corporation, Momentive Performance Materials Inc., Celanese Corporation, Kuraray Co., Ltd., and Teknor Apex.
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