Medical
Plastic Extrusion Market, by Product Type (Medical Coextrusion, Multi Lumen
Tubing, Thermoplastic Elastomer Tubing/Profiles, Medical Tubing Radiopaque
Fillers, Splittable Tubing, Etched liners, and Others), by Materials (Polystyrene,
Acrylonitrile Butadiene Styrene, Polypropylene, Poly Vinyl Chloride (PVC),and
Others), by Application (Hospitals, Clinics, and Others), and by Region (North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size,
Share, Outlook, and Opportunity Analysis, 2018–2026
The medical plastic extrusion is
a high volume manufacturing process in which raw plastic is melted and formed
into the continuous profile using pellets, granules, and flakes powders with
some additives such as colorants in either liquid or pellet form. It produces
devices such as catheters, intravenous and drainage tubing, needle and syringe
caps, injections, and other kind of components or devices that require profiled
tube or shaft. Poly Vinyl Chloride (PVC) is the leading polymer used for
medical tubing with polyurethane, polyolefin, and blends and alloys such as
thermoplastic elastomer. Thus, medical plastic extrusion manufacturers set new
production and quality expectations for the essential products like catheters,
intravenous and drainage tubing for the medical departments.
Medical Plastic Extrusion Market-
Dynamics
The development in medical
plastic extrusion technology and increase in new market players are the major
driving factors of global medical plastic extrusion market. Increased access to
healthcare services for consumers is also driving growth of the market.
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Increasing cardiovascular
diseases such as cardiac arrest, cardiac arrhythmia, and congestive heart
failure will boost the demand for catheters, globally. On May 17, 2017, the
World Health Organization (WHO) stated that the cardiovascular diseases (CVDs)
are the number one cause of death, globally. WHO further stated that between
2013 and 2016, 121.5 million American adults were affected by CVDs. In 2016,
coronary heart disease (43.2%) was the leading cause of death in the U.S. It
will boost the medical plastic extrusion market. North America region, Europe
suffers from urology diseases and growing geriatric population, which
contributes to broad catheter market. The key factors driving growth of global
medical plastic extrusion market include increase in number of surgical
processes and growing applications in pain management.
Medical Plastic Extrusion Market-
Regional Dynamics
Regional segmentation of the
global medical plastic extrusion by Coherent Market Insights comprises North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North
America is expected to hold dominant position in global medical plastic
extrusion market over the forecast period. Medical plastic extrusion is widely
used in hospitals, clinics, and other fields. The North America region launched
the new moulding machines by using the plastic extrusion processes which
particularly focused on the production capacity, supply and demand statistics,
consumption, and volume of the medical plastic extrusion product. For instance,
in 2017, Milacron Holdings Corp., a company serving the plastic processing
industry launched a new Quantum Toggle injection moulding machine that further
provides the features such reduced energy consumption and lowered cycle time
coupled with precision and reliability. The Quantum Toggle injection machine is
built to have higher productivity, reduced cost of ownership, and improve the
performance and advanced technical specification.
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Medical Plastic Extrusion Market-
Competitive Analysis
Key players in the global medical
plastic extrusion market have inked cooperation agreement for strategic
partnership for enhancing the quality of output with better design and
manufacturing capabilities which is important for them and their customers,
thereby augmenting the market growth. For instance, on October 27, 2016, Kabra
Extrusion technik announced a strategic partnership with Unicor GmbH to provide
fully integrated extrusion solutions and for the advanced extrusion design.
Similarly, on February 18, 2019, Reifenhhauser Group acquired Plamex
Maschinenbau GmbH, a move is designed to strengthen the medical plastic
industry. Based in Kelberg, Germany, Plamex is a supplier of blown film lines
and extrusion components, with core competencies in water cooled oriented films
for medical industry. Post-acquisition,
it will work closely with Reifenhhauser Group for supplying the tailor made
solutions for packaging industry. As a result, the Reifenhhauser Group will
gain the access to new technology for flexible film production, leads to expand
the blown film capabilities. After the acquisition, the group can now offer the
technologies like water quench, double or multi bubble technologies to new
customer group.
The key players in global medical
plastic extrusion market are Fluortek, Ace, Putnam Plastics, Vesta, Teel
Plastics, Raumedic, Biomerics, Vention medical, Pexco, and VistaMed.
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