The global medical elastomers market is growing at a significant pace and is expected to reach a value of USD 10.8 billion by 2027, according to a recent report by VynZ Research. Medical elastomers are used in a wide range of medical devices, including catheters, syringes, surgical gloves, and medical tubing. They provide excellent biocompatibility, flexibility, and resistance to chemicals and fluids, making them ideal for medical applications.

The increasing demand for minimally invasive surgeries, the growing prevalence of chronic diseases, and the rising geriatric population are some of the key factors driving the growth of the global medical elastomers market. In addition, the increasing adoption of advanced medical devices and the rise in healthcare expenditure are expected to further boost market growth in the coming years.

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Based on type, the global medical elastomers market is segmented into thermoset and thermoplastic. Among these, TPE is the most widely used type of medical elastomers due to its excellent flexibility, biocompatibility, and resistance to chemicals and fluids. The TPE segment is expected to hold the largest share of the market during the forecast period.

On the basis of application, the global medical elastomers market is segmented into medical tubes, catheters, syringes, medical bags, and others. The medical tubes segment is expected to hold the largest share of the market, due to the increasing demand for minimally invasive surgeries and the rising prevalence of chronic diseases.

Geographically, North America is expected to hold the largest share of the global medical elastomers market, due to the presence of a large number of medical device manufacturers, increasing adoption of advanced medical devices, and the rising geriatric population. However, the Asia-Pacific region is expected to witness the highest growth during the forecast period, owing to the increasing healthcare expenditure, growing medical tourism industry, and rising demand for advanced medical devices.

The medical elastomers market is highly competitive, with numerous players operating in the market. Some of the key players in the market, according to VynZ Research, are:

BASF SE
DowDuPoint Inc.
Solvay SA
Royal DSM
Eastman Chemical Company
Celanese Corporation
PolyOne Corporation
Trelleborg AB
Kuraray Co., Ltd.
RTP Company
Foster Corporation

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