Global Medical Processing Seals Market Research Report 2022
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.
Due to the COVID-19 pandemic, the global Medical Processing Seals market size is estimated to be worth US$ 1580.2 million in 2021 and is forecast to a readjusted size of US$ 2118.5 million by 2028 with a CAGR of 4.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Medical Processing Seals market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Medical Processing Seals landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
O-Rings accounting for % of the Medical Processing Seals global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Medical Equipment segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major 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 terms of revenue, the global 3 largest players have a % market share of Medical Processing Seals in 2021.
This report focuses on Medical Processing Seals volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Medical Processing Seals market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Medical Processing Seals Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
O-Rings
Gaskets
Lip Seals
Segment by Application
Medical Equipment
Medical Devices
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
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)
Due to the COVID-19 pandemic, the global Medical Processing Seals market size is estimated to be worth US$ 1580.2 million in 2021 and is forecast to a readjusted size of US$ 2118.5 million by 2028 with a CAGR of 4.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Medical Processing Seals market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Medical Processing Seals landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
O-Rings accounting for % of the Medical Processing Seals global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Medical Equipment segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major 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 terms of revenue, the global 3 largest players have a % market share of Medical Processing Seals in 2021.
This report focuses on Medical Processing Seals volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Medical Processing Seals market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Medical Processing Seals Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
O-Rings
Gaskets
Lip Seals
Segment by Application
Medical Equipment
Medical Devices
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
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)
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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