MedicalPlastic Extrusion Market, by Product Type (Medical Coextrusion, Multi LumenTubing, Thermoplastic Elastomer Tubing/Profiles, Medical Tubing RadiopaqueFillers, Splittable Tubing, Etched liners, and Others), by Materials (Polystyrene,Acrylonitrile Butadiene Styrene, Polypropylene, Poly Vinyl Chloride (PVC),andOthers), by Application (Hospitals, Clinics, and Others), and by Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size,Share, Outlook, and Opportunity Analysis, 2018–2026
The medical plastic extrusion isa high volume manufacturing process in which raw plastic is melted and formedinto the continuous profile using pellets, granules, and flakes powders withsome additives such as colorants in either liquid or pellet form. It producesdevices such as catheters, intravenous and drainage tubing, needle and syringecaps, injections, and other kind of components or devices that require profiledtube or shaft. Poly Vinyl Chloride (PVC) is the leading polymer used formedical tubing with polyurethane, polyolefin, and blends and alloys such asthermoplastic elastomer. Thus, medical plastic extrusion manufacturers set newproduction 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 medicalplastic extrusion technology and increase in new market players are the majordriving factors of global medical plastic extrusion market. Increased access tohealthcare services for consumers is also driving growth of the market.
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Increasing cardiovasculardiseases such as cardiac arrest, cardiac arrhythmia, and congestive heartfailure will boost the demand for catheters, globally. On May 17, 2017, theWorld Health Organization (WHO) stated that the cardiovascular diseases (CVDs)are the number one cause of death, globally. WHO further stated that between2013 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. Itwill boost the medical plastic extrusion market. North America region, Europesuffers from urology diseases and growing geriatric population, whichcontributes to broad catheter market. The key factors driving growth of globalmedical plastic extrusion market include increase in number of surgicalprocesses and growing applications in pain management.
Medical Plastic Extrusion Market-Regional Dynamics
Regional segmentation of theglobal medical plastic extrusion by Coherent Market Insights comprises NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa. NorthAmerica is expected to hold dominant position in global medical plasticextrusion market over the forecast period. Medical plastic extrusion is widelyused in hospitals, clinics, and other fields. The North America region launchedthe new moulding machines by using the plastic extrusion processes whichparticularly 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 processingindustry launched a new Quantum Toggle injection moulding machine that furtherprovides the features such reduced energy consumption and lowered cycle timecoupled with precision and reliability. The Quantum Toggle injection machine isbuilt to have higher productivity, reduced cost of ownership, and improve theperformance and advanced technical specification.
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Medical Plastic Extrusion Market-Competitive Analysis
Key players in the global medicalplastic extrusion market have inked cooperation agreement for strategicpartnership for enhancing the quality of output with better design andmanufacturing capabilities which is important for them and their customers,thereby augmenting the market growth. For instance, on October 27, 2016, KabraExtrusion technik announced a strategic partnership with Unicor GmbH to providefully integrated extrusion solutions and for the advanced extrusion design.Similarly, on February 18, 2019, Reifenhhauser Group acquired PlamexMaschinenbau GmbH, a move is designed to strengthen the medical plasticindustry. Based in Kelberg, Germany, Plamex is a supplier of blown film linesand extrusion components, with core competencies in water cooled oriented filmsfor medical industry. Post-acquisition,it will work closely with Reifenhhauser Group for supplying the tailor madesolutions for packaging industry. As a result, the Reifenhhauser Group willgain the access to new technology for flexible film production, leads to expandthe blown film capabilities. After the acquisition, the group can now offer thetechnologies like water quench, double or multi bubble technologies to newcustomer group.
The key players in global medicalplastic extrusion market are Fluortek, Ace, Putnam Plastics, Vesta, TeelPlastics, Raumedic, Biomerics, Vention medical, Pexco, and VistaMed.
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