New Coronary Pneumonia Epidemic May Boost The Market Growth Of Medical Rubber And Balloon Products

- Jul 16, 2020-

In 2020, the new crown pandemic swept the world. As of the early morning of June 1, Beijing time, the number of confirmed cases of new crown pneumonia in the world exceeded 6.1 million, and the cumulative deaths exceeded 370,000. The continuous fermentation of the new coronary pneumonia epidemic has led to a surge in global demand for medical rubber resources, especially medical rubber gloves. In the next few years, the global medical rubber and balloon products market is expected to grow at a compound annual growth rate of 4.5% or higher.

Global medical rubber products mainly include bottle caps, infusions and infusion sets, bulb syringes, contraceptive products, medical masks, catheters, rubber bladders, etc., including natural rubber latex, catheters, balloons, condoms, etc. by type; natural rubber gloves are divided into For medical gloves and non-medical gloves, catheters are divided into cardiovascular catheters, neurovascular catheters, urological catheters and special catheters. During the continuous spread of the New Crown epidemic, rubber gloves and condoms around the world all attended to the shortage of production capacity and shortages. It is understood that the current global condom market gap is as high as 100 million.

Rubber can be used to produce gloves, veils, knob syringes, tops, inserts, breathing bags, tubes, condoms, implants and blood transfusion sets. Most of these items are used for different operations, such as cardiovascular, thoracic cavity, stomach injury, tumor, ophthalmology, otolaryngology, etc. At present, the global medical rubber products cover North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa and other regions, the United States, Canada, the United Kingdom, Germany, China, Japan, India, Brazil and GCC countries demand more.

The current popularity of the new crown is driving the growth of the medical rubber products market. In addition, combined with the global development situation, the increasing prevalence of chest and cardiovascular diseases, the continuous increase in the number of accessories and equipment since the world, the continuous improvement of health awareness, and the increase in healthcare expenditures are also driving the growth of the global medical rubber and balloon products market. At the same time, the fierce competition in the entry-level market for medical rubber products, raw material price fluctuations, and strict laws issued by governments of various countries are also restricting market growth.