The medical equipment application dominated the total market in 2018. The increasing global demand for medical equipment due to growth of the healthcare industry and healthcare infrastructure is expected to drive the medical processing seals market. Medical equipment is used in the medical industry for a life support system and to release the patient from chronic pain. Reasons for the growing healthcare industry and the subsequent growth of medical equipment market are growing global population, rising incidences of chronic diseases, and increasing healthcare expenditure. The growing demand for seals in the medical equipment application is expected to drive the medical processing seals market.
This report contains market size and forecasts of Medical Processing Seals in global, including the following market information:
Global Medical Processing Seals Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Medical Processing Seals Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Medical Processing Seals companies in 2021 (%)
The global Medical Processing Seals market was valued at 1625.9 million in 2021 and is projected to reach US$ 2142.4 million by 2028, at a CAGR of 4.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
O-Rings Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Medical Processing Seals include IDEX Corporation (US), Saint-Gobain S.A. (France), Freudenberg Group (Germany), Trelleborg AB (Sweden), Parker Hannifin Corp (US), Minnesota Rubber and Plastics (US), Marco Rubber & Plastic Products, LLC (US), Morgan Advanced Materials Plc (UK) and Bal Seal Engineering, Inc. (US) and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Medical Processing Seals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Medical Processing Seals Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Medical Processing Seals Market Segment Percentages, by Type, 2021 (%)
O-Rings
Gaskets
Lip Seals
Global Medical Processing Seals Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Medical Processing Seals Market Segment Percentages, by Application, 2021 (%)
Medical Equipment
Medical Devices
Global Medical Processing Seals Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Medical Processing Seals Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Medical Processing Seals revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Medical Processing Seals revenues share in global market, 2021 (%)
Key companies Medical Processing Seals sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Medical Processing Seals sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
IDEX Corporation (US)
Saint-Gobain S.A. (France)
Freudenberg Group (Germany)
Trelleborg AB (Sweden)
Parker Hannifin Corp (US)
Minnesota Rubber and Plastics (US)
Marco Rubber & Plastic Products, LLC (US)
Morgan Advanced Materials Plc (UK)
Bal Seal Engineering, Inc. (US)
Techno AD Ltd (Israel)