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PUBLISHER: Grand View Research | PRODUCT CODE: 1268806
PUBLISHER: Grand View Research | PRODUCT CODE: 1268806
Medical Fluoropolymers Market Size, Share & Trends Analysis Report By Product (ETFE, PTFE, PVDF, Fluoroelastomers), By Application (Medical Tubing, Catheters, Medical Bags), By Region, And Segment Forecasts, 2023 - 2030
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Medical Fluoropolymers Market Growth & Trends:
The global medical fluoropolymers market size is expected to reach USD 962.03 million by 2030, expanding at 9.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for advanced medical technology and devices and growing healthcare investments in emerging economies is expected to drive the demand for medical fluoropolymers over the forecast period.
The medical fluoropolymers industry is also expected to witness high adoption of fluoropolymers in implants on account of their chemical inertness and superior fatigue resistance. The demand for medical device packaging is likely to be driven by the rise in the demand for in-house and advanced medical devices.
The global fluoropolymers industry is one of the most heavily regulated in the world. It will be driven by increasing fluoropolymers consumption in construction, automotive, medical devices, and electrical & electronics applications. A large number of players are operating in the market across the globe, with various types of fluoropolymers, such as polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), fluorinated ethylene-propylene (FEP), fluoroelastomers, and others are included as product segments. Other product types include ECTFE, PVF, ETFE, PFA, CTFE-VDF, PCTFE, and THV.
Fluoropolymers have been in high demand as substitutes for alloys and metals in a variety of industries, including industrial machinery, consumer goods, and automobiles in recent years. The industry's criticality rests in technological advancement, as end customers' ever-increasing demands for adaptability and product specification steadily drive the consumer electronics sector.
Other elements that influence industry trends include industrial procedures, feedstock availability, and sociopolitical events. Rapid modernization and availability of trained labor in Asia Pacific's growing economies have fueled the region's manufacturing sector's growth. The global epidemic of highly contagious COVID-19, on the other hand, had a significant impact on manufacturing industries, which, in turn, harmed the growth of the global fluoropolymers industry. Work-from-home policies, order cancellations, and shipping issues are all on the rise in the industry as a result of the pandemic's global spread.
Medical Fluoropolymers Market Report Highlights:
- The global medical fluoropolymers industry was valued at USD 475.18 million in 2022 and is estimated to grow at a CAGR of 9.2% from 2023 to 2030
- In terms of revenue, the polytetrafluoroethylene (PTFE) product segment accounted for a significant share of the market in 2022 and is further expected to witness prominent growth over the forecast period. The growth of PTFE can be attributed to its easy blending properties with numerous fillers such as carbon graphite, glass bead, and molybdenum disulfide for enhancing certain end-use applications
- The medical tubing application segment dominated the global market and accounted for more than 37.0% of the market revenue share in 2022. Medical tubing is designed for several applications such as anesthesiology, respiratory equipment, peristaltic pumps, biopsy, and check pump functions. It is also used for diagnosing congenital heart defects to allow clinicians to administer fluids and devices or to enable gas flow
- In 2022, North America accounted for more than 41.0% share of the overall market in terms of revenue. The medical fluoropolymers industry in North America is projected to witness significant growth in the coming years owing to the increased demand for medical fluoropolymers for developing drug delivery devices, medical tubing, catheters, medical bags, etc
- Various strategic initiatives were recorded over the past few years to boost the growth of medical fluoropolymers. For instance, in November 2020, Mueller Corporation launched a new suite of fluoropolymer coatings for medical devices including polytetrafluoroethylene (PTFE), perfluoro alkoxy (PFA), and fluorinated ethylene propylene (FEP) to their existing portfolio
Product Code: GVR-4-68039-958-1
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot 2022
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Medical Fluoropolymers Market: Variables and Trends
- 3.1 Market Lineage Outlook
- 3.1.1 Global Plastics Market
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material Outlook
- 3.3 Production Trend Analysis
- 3.3.1 Tetrafluoroethylene
- 3.3.2 Vinylidene fluoride
- 3.3.3 Chlorotrifluoroethylene (CTFE)
- 3.4 Regulatory framework
- 3.5 Market Dynamics
- 3.5.1 Market Driver Impact Analysis
- 3.5.1.1 Increase In Demand For Advanced Medical Technology And Devices
- 3.5.1.2 Growing Healthcare Investments In Emerging Economics
- 3.5.2 Market Restraint Impact Analysis
- 3.5.2.1 Stringent Envirnomental Regulations
- 3.5.3 Market Opportunity Analysis
- 3.5.4 Market Challenge Analysis:
- 3.5.4.1 Consumer spending capacity
- 3.5.4.2 Growing E-Waste
- 3.5.1 Market Driver Impact Analysis
- 3.6 COVID-19 Impact on Medical Fluoropolymers Market
- 3.7 Eastern Europe Geopolitical Conflict Implication Overview
- 3.8 Industry Analysis Tools
- 3.8.1 porter's analysis
- 3.8.2 Macroeconomic Analysis
Chapter 4 Medical Fluoropolymers Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Market Share, 2022 & 2030
- 4.2 Product Movement Analysis & Market Share, 2022 & 2030
- 4.3 Medical Fluoropolymers Market Estimates & Forecast, By Product (Kilotons) (USD Million)
- 4.3.1 Ethylene Tetrafluoroethylene (ETFE)
- 4.3.2 Polytetrafluoroethylene (PTFE)
- 4.3.3 Polyvinylidene Fluoride (PVDF)
- 4.3.4 Fluoroelastomers
- 4.3.5 Others
Chapter 5 Medical Fluoropolymers Market: Application Estimates & Trend Analysis
- 5.1 Application Movement Analysis & Market Share, 2022 & 2030
- 5.2 Application Movement Analysis & Market Share, 2022 & 2030
- 5.3 Medical Fluoropolymers Market Estimates & Forecast, By Application (Kilotons) (USD Million)
- 5.3.1 medical tubing
- 5.3.2 Catheters
- 5.3.3 Drug delivery device
- 5.3.4 medical bags
- 5.3.5 Others
Chapter 6 Medical Fluoropolymers Market: Regional Estimates & Trend Analysis
- 6.1 Medical Fluoropolymers Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.2 U.S.
- 6.2.2.1 U.S. Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Canada Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.4 Mexico
- 6.2.4.1 Mexico Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.3 Europe
- 6.3.1 Europe Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.3.2 Germany
- 6.3.2.1 Germany Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.3.3 France
- 6.3.3.1 France Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.3.4 U.K.
- 6.3.4.1 U.K. Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.3.5 Italy
- 6.3.5.1 Italy Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Medical Fluoropolymers Market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.4.2 China
- 6.4.2.1 china medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.4.3 India
- 6.4.3.1 india medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.4.4 Japan
- 6.4.4.1 japan medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.4.5 South korea
- 6.4.5.1 south korea medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.5 Central & South America
- 6.5.1 Central & South America medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.5.2 Brazil
- 6.5.2.1 Brazil medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.6.2 GCC Countries
- 6.6.2.1 GCC Countries medical fluoropolymers market estimates & Forecasts, 2019 - 2030 (Kilotons) (USD Million)
Chapter 7 Medical Fluoropolymers Market - Competitive Landscape
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 7.2 Company Categorization
- 7.3 Participant's Overview
- 7.4 Financial Performance
- 7.5 Product Benchmarking
- 7.6 Company Heat Map Analysis
- 7.7 Strategy Mapping
- 7.7.1 Expansion
- 7.7.2 Mergers & Acquisition
- 7.7.3 Collaborations
- 7.7.4 New Product Launches
- 7.7.5 Research & Development
- 7.8 Major Key Companies
- 7.8.1 Daikin Industries, Ltd.
- 7.8.1.1 Company Overview
- 7.8.1.2 Financial performance
- 7.8.1.3 Product benchmarking
- 7.8.1.4 Strategic initiatives
- 7.8.2 The Chemours Company
- 7.8.3 Solvay SA
- 7.8.4 Arkema
- 7.8.5 Adtech Polymer Engineering Ltd.
- 7.8.6 Daikin Industries, Ltd.
- 7.8.7 The Chemours Company
- 7.8.8 Solvay SA
- 7.8.9 Arkema
- 7.8.10 Adtech Polymer Engineering Ltd.
- 7.8.1 Daikin Industries, Ltd.
Product Code: GVR-4-68039-958-1
List of Tables
- Table 1 Recent Developments & Impact Analysis, By Key Market Participants
- Table 2 Company Heat Map Analysis
- Table 3 Key Companies undergoing expansions
- Table 4 Key Companies involved in M&As
- Table 5 Key Companies undergoing collaborations
- Table 6 Key Companies launching new products
- Table 7 Key Companies undertaking R&D activities
List of Figures
- Fig. 1 Medical fluoropolymers market segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot 2022
- Fig. 7 Segment Snapshot(1/2)
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Plastics Market, 2022 (USD Million)
- Fig. 10 Medical fluoropolymers market - Industry Value Chain Analysis
- Fig. 11 Medical fluoropolymers market dynamics
- Fig. 12 Medical fluoropolymers market: PORTER's Analysis
- Fig. 13 Medical fluoropolymers market: PESTEL Analysis
- Fig. 14 Medical Fluoropolymers Market, by product: Key Takeaways
- Fig. 15 Medical Fluoropolymers Market, by product: Market Share, 2022 & 2030
- Fig. 16 Medical Fluoropolymers Market, by product: Market Share, 2022 & 2030
- Fig. 17 Ethylene Tetrafluoroethylene (ETFE) market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 18 Polytetrafluoroethylene (PTFE) market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 19 Polyvinylidene Fluoride (PVDF) market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 20 Fluoroelastomers Market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 21 Others Market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 22 Medical Fluoropolymers Market, by Application: Key Takeaways
- Fig. 23 Medical Fluoropolymers Market, by Application: Market Share, 2022 & 2030
- Fig. 24 Medical Fluoropolymers Market, by Application: Market Share, 2022 & 2030
- Fig. 25 Medical tubing market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 26 Catheters market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 27 Drug delivery device market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 28 Medical Bags market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 29 Others Market estimates & forecasts, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 30 Medical Fluoropolymers Market revenue, by region, 2022 & 2030 (USD Million)
- Fig. 31 Regional marketplace: Key takeaways
- Fig. 32 Regional marketplace: Key takeaways
- Fig. 33 North America Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 34 U.S. Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 35 Canada Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 36 Mexico Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 37 Europe Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 38 Germany. Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 39 France Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 40 U.K. Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 41 Italy Medical Fluoropolymers Market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 42 Asia Pacific medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 43 China medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 44 India medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 45 Japan medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 46 South Korea medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 47 Central & South America medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 48 Brazil medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 49 Middle East & Africa medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 50 GCC Countries medical fluoropolymers market estimates & forecast, 2019 - 2030 (Kilotons) (USD Million)
- Fig. 51 Key Company Categorization
- Fig. 52 Strategic framework
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