SEATTLE, July 06, 2021, (MEDGADGET) — Global Medical Plastic Extrusion Market Analysis
Overview
Extrusion of medical plastics is a high-volume production procedure in which raw plastic is melted and molded into a continuous profile using flakes, granules, and flakes powders, along with certain additives like colorants in liquid or pellet shape. Needles, injectable and discharge tubing, needle and catheter caps, injections, and other parts or accessories that include a profiled tube or shaft are all manufactured here. PVC is the most used polymer for medical tubing, followed by polyurethane, polyolefin, and blends and alloys like thermoplastic elastomer. As a result, medical plastic extrusion suppliers set new manufacturing and quality standards for critical medical devices such as catheters, intravenous, and drainage tubing.
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Drivers
The global medical plastic extrusion market is being driven by advancements in medical laser cladding technology and the emergence of new market players. Increased proximity of consumers to healthcare providers is also propelling the market forward.
The global medical plastic extrusion market will rise as cardiovascular diseases such as heart failure, irregular heartbeats, and cirrhosis become more common. The World Health Organization (WHO) announced on May 17, 2017, that cardiovascular diseases (CVDs) are the leading cause of death worldwide. According to the WHO, 121.5 million American adults were affected by CVDs between 2013 and 2016. Coronary heart disease (43.2%) was the leading cause of death in the U.S. in 2016. It would fuel the demand for medical plastic extrusion. Urology diseases and an increasing geriatric population plague the North American and European regions, contributing to a large catheter demand. The rise in the number of surgical processes and the increasing applications of pain control are two main factors propelling the growth of the global medical plastic extrusion market.
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Regional Insights
Over the forecast period, North America is estimated to dominate the global medical plastic extrusion market. Extrusion of medical plastic is commonly used in hospitals, clinics, and other settings. The new molding machines were introduced in the North America region using plastic extrusion processes that concentrated on production power, supply and demand figures, use, and quantity of the medical plastic extrusion commodity. Milacron Holdings Corp., a corporation that serves the plastic manufacturing industry, unveiled a new Quantum Toggle injection molding system in 2017 that offers features like lower power consumption and order cycle, as well as accuracy and durability. The Quantum Toggle injection machine is designed to increase efficiency, lower operating costs, and boost performance and technological specifications.
Competitive Landscape
Major players in the global medical plastic extrusion market have signed a strategic alliance to improve production quality through improved design and manufacturing capability, which is critical for them and their consumers, resulting in market growth. Kabra Extrusion technik and Unicor GmbH announced a strategic collaboration on October 27, 2016, to include fully integrated extrusion systems and innovative extrusion design. In a similar move, Reifenhhauser Group purchased Plamex Maschinenbau GmbH on February 18, 2019, bolstering the medical plastics sector. Plamex is a provider of composite fabrication lines and extrusion parts based in Kelberg, Germany, with a focus on water-cooled focused films for the medical industry. Following the takeover, it will collaborate closely with the Reifenhhauser Group to provide custom packaging solutions. Hence, the Reifenhhauser Group will have access to advanced technologies for modular film making, which will allow the company to extend its blown film capability. Following the takeover, the company will now sell new consumer groups solutions such as water quench, double or multi-bubble technologies.
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Major companies contributing in the global medical plastic extrusion market include Teel Plastics, Vesta, Putnam Plastics, Fluortek, Ace, VistaMed, Pexco, Vention medical, Biomerics, and Raumedic.
Table of Content
Global Medical Plastic Extrusion Market Research Report
Section 1: Global Medical Plastic Extrusion Industry Overview
Section 2: Global Economic Impact on Medical Plastic Extrusion Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Medical Plastic Extrusion Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Medical Plastic Extrusion Market Forecast
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