Medical Marker Bands Market Expected to Witness a Sustainable Growth over 2029

Dubai, UAE, 2020-Feb-18 — /EPR Network/ — Developing economies are highly dependent on developed nations like US and Europe for availing advanced manufacturing facilities. Developing regions like Asia Pacific import medical marker bands from developed regions. Such imports increase the cost of these bands. Cheap materials have emerged in the market as the conventional ones like gold and platinum are costly. Different manufacturers including Putnam Plastics Corp. who have been using materials like polymers and Stanford advanced materials to manufacture medical marker bands, are now switching towards different materials that are cost-effective. Global medical marker bands can be segmented on the basis of materials into Gold, Platinum-Iridium, Platinum, Polymer, Palladium and Tantalum.

Advanced materials used in manufacture of medical marker bands

Materials like polymer and tantalum are employed as they make the manufacturing process of medical marker bands easy. They reduce the requirements of different components like crimp metal tips and swage. Moreover, these materials hold transmittance property which is same as that of the precious metals but is available in half of their price. Usage of advanced materials for manufacture of medical marker bands is expected to propel the global medical marker band in the forecast period 2019-2029. Fact.MR report predicts the global medical marker bands market to grow at around 5% CAGR in the period 2019-2029. Both materials, tantalum and polymer are gaining popularity and market penetration in regions like Asia Pacific and MEA as they are affordable.

The business intelligence study of the medical marker bands market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the medical marker bands market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the medical marker bands market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:

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

The key players in the global medical marker bands market report consist of

• Edgetech Industries LLC
• Nordt Engineered Precious Metals
• RESONETICS
• American Elements
• Biomerics
• Putnam Plastics
• Stanford Advanced Materials
• Prince & Izant Company
• Merit Medical Systems, Inc.

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Each market player encompassed in the medical marker bands market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the medical marker bands market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.

On the basis of material type, the global medical marker bands market report covers the footprint, and consumption of the segments including

• Platinum-Iridium
• Gold
• Platinum
• Polymer
• Tantalum
• Palladium

What insights readers can gather from the medical marker bands market report?

• Learn the behavior pattern of every medical marker bands market player – product launches, expansions, collaborations and acquisitions in the market currently.
• Examine and study the progress outlook of the global medical marker bands market landscape, which includes, revenue, production & consumption and historical & forecast.
• Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
• Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.

Medical devices bring financial prosperity

Factors like population growth and increasing health awareness are increasing demand for different health care products in developing nations. Medical devices are known to bring financial prosperity in such regions. World Bank highlights the fact that health care expenditure has increased in majority of regions across the globe. International Trade Administration projects the sale of medical devices to grow globally and its growth rate for the period 2016-2020 is expected to be ̴6% annually. America leads the global market for medical devices. Market in regions including Europe and Asia Pacific is expected to expand at a very rapid rate. This rate of progression will generate plethora of opportunities global market for medical devices like catheter and stents.

Advanced facilities for manufacture and government support surge the activities in development of medical devices like medical marker bands and catheters. Medical marker band made up of materials like gold and platinum are extensively used in surgeries that are catheters-based because of the clarity of vision in different techniques like x-rays. Clear vision helps the surgeons to efficiently track catheter position. However, the new cost-effective materials in the market to exhibit similar properties.

The medical marker bands market report answers the following queries:

1. Which players hold the significant medical marker bands market share and why?
2. What strategies are the medical marker bands market players forming to gain a competitive edge?
3. Why region is expected to lead the global medical marker bands market?
4. What factors are negatively affecting the medical marker bands market growth?
5. What will be the value of the global medical marker bands market by the end of 2029?

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