Global Medical Processing Seals Market Is Projected To Attain A Valuation Of US$ 2.3 Billion By 2027

Healthcare

The global medical processing seals market is currently valued at US$ 1.7 billion and is projected to attain a valuation of US$ 2.3 billion by 2027. Global sales of medical processing seals are predicted to rise at a high-value CAGR of 6% from 2022 to 2027.

Across the world, O-ring seals are widely used in medical devices and equipment due to their low cost. Sales of O-rings are predicted to rise at a CAGR of 6.6% during the next 5 years.

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Competitive Landscape

The existence of numerous small- and large-scale vendors in the global medical processing seals market contributes to the market’s moderate level of concentration.

Furthermore, key players in the medical processing seals market produce a variety of cutting-edge seals and regularly update their product lines. The development of enhanced form-in-place liquid gaskets is one of the key areas that is anticipated to experience extensive research and development efforts by businesses throughout the forecast period.

  • Trelleborg revealed Applied Power Products as its new authorised distributor for selling medical seals in September 2021.
  • Trelleborg opened its Rapid Development Center in August 2021 to develop products for its international healthcare and medical clients.
  • A subdivision of Trelleborg AB called Trelleborg Sealing Solutions purchased Sil-Pro, LLC (US), a producer of silicone and thermoplastic products for the medical sector, in January 2019. The company’s strategy to improve its silicone product line and broaden its manufacturing footprint entails the acquisition.

Segmentation of Medical Processing Seals Industry Research

  • By Type :

    • O-rings
    • Lip Seals
    • Gaskets
    • Others
  • By Application :

    • Medical Devices
    • Medical Equipment
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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