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On the basis of type, the market is bifurcated into thermoset and thermoplastic. Among the two types, thermoplastic elastomers category captures a larger market share in 2019 and is also expected to register the higher growth during the forecast period. Thermoplastic elastomers have been used in many application areas owing to their high degree of purity, low level of extractable compounds, cost-effectiveness, and recycling ability.
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Global Medical Elastomers Market The global medical elastomers market was valued at USD 6.6 billion in 2020 and is expected to reach USD 10.8 billion by 2027, growing at a CAGR of 7.2% during 2021-2027. The global medical elastomers market is growing at a good rate with the increasing demand of medical devices across the globe. This can also be attributed to its use in the wide range of applications, including medical tubes, medical bags, patch adhesives, orthopedic gels, and others. Elastomers used in the medical industry are known as medical elastomers. They are used in applications where higher flexibility or elasticity is required. Medical grade elastomers are used to optimize the function of life sciences applications.
Global Medical Elastomers Market The global advanced wound care marketis predicted to grow at 6.0% CAGR during the forecast period with the market size reaching USD 16.0 billion by 2024. Advanced wound care products are used for the treatment of chronic and acute wounds. These products manage wound effectively and enable faster healing. Different products such as advanced, wound therapy device and active wound care products are majorly contributing to the advanced wound care market size.
Global Medical Elastomers Market The global advanced wound care marketis predicted to grow at 6.0% CAGR during the forecast period with the market size reaching USD 16.0 billion by 2024. Advanced wound care products are used for the treatment of chronic and acute wounds. These products manage wound effectively and enable faster healing. Different products such as advanced, wound therapy device and active wound care products are majorly contributing to the advanced wound care market size.
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