Global Medical Rubber and Balloon Product Market Size, Share, Forecast Report, 2020-2027

In a typical clinical setting, the rubber and balloon products play a very important role and are in great demand. Almost all diagnostic products and treating equipment are made up of rubber. Balloon products are those products which are used generally for heart patients, the stents are balloon which helps in pumping the heart. These balloons are also made up of rubber. The rubber is used to develop a variety of products such as gloves, masks, bulbs syringes, caps, implants, breathing bags, tubes, condoms, infusion and transfusion sets. Furthermore these products are generally used for various surgeries such as cardiovascular, thoracic, abdominal trauma, tumor, ophthalmology, ENT and others. There are various types of balloons which is used like multi-lumen balloon, light therapy, drug delivery, and heat transfer catheters.

According to the World Health Organization (WHO), in 2015, over 17.7 million people died from cardiovascular diseases, representing 31% of all global deaths and in 2015, 82% of the total deaths occurred in the low and middle income countries.

According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending is likely to increase 5.8% reaching USD 3.2 trillion. In 2016, the healthcare spending in North America has been increased. According to the International Monetary Fund (IMF), The U.S. economy grew in 2016 by 1.6%. Rising in fund allocation in healthcare industry has further added fuel to this market.
Segmentations

The global medical rubber and balloon product market is segmented on the basis of types and application

On the basis of the type, it is segmented into natural rubber latex, catheters, balloons, condoms, and others. Furthermore natural rubber latex is segmented into medical gloves and non-medical gloves. Catheters segmented into cardiovascular catheters, neurovascular catheters, urological catheters, and specialty catheters. Balloons segmented into non-compliant balloon and semi-compliant balloon.

On the basis of the application, it is segmented into diagnostics, therapeutics, industrial, and others.
Key Players

Some of the major players in the global medical rubber and balloon product market are Abbott Laboratories (U.S.), Adventa Berhad (Malaysia), AngioDynamics, Inc. (U.S.), Ansell Healthcare (Australia), Arrow International (New Zealand), Astra Tech, Inc. (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (U.S.), Hartalega Holdings Berhad (Malaysia), Church & Dwight Co, Inc. (U.S.), Latexx Partners Berhad (Malaysia), Reckitt Benckiser Group (U.K), and others.