Medical Marker Band Market – By Material (Polymer, Platinum, Iridium, Tantalum, and Others), By Application (Hospital, Medical Device Distributor, and Others), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Medical marker bands are made from precious materials. These precious materials are cut into various diameters as per the clinical requirement. They are used in the medical sector to make radiopaque markings for catheter tubes and sensors during the different medical operations or procedures such as angioplasty. Various materials used to make the marker band include polymers, gold, platinum, iridium, tantalum, and others. Advanced material such as polymers and tantalum are more preferred in the industry owing to their easy manufacturing procedure and transmission property which is the same as that of other precious metals. In addition to this polymers and tantalum are available in half the price as that of precious metals. Polymer marker bands are made from tungsten-filled thermoplastics such as nylon, pebax, and polyurethane. These bands provide better biocompatibility, resistance to physiological corrosion, do not cause any toxic effects in the human body, and they also have good transmittance. Deaths caused due to heart diseases are growing amongst the new generation, according to the World Health Organisation, most of the deaths in the world are caused due to cardiovascular diseases. Taking around XXX lives every year which is an estimated XXX of all deaths worldwide. Depending on all the above factors it is expected that the need of the medical marker band will increase in upcoming years owing to their necessity for the medical procedures.

Market Segmentation:

On the basis of material, the medical marker band market is segmented into polymer, platinum, iridium, tantalum, and others. On the basis of application, the market is segmented into hospitals, medical device distributors, and others. And by region, the medical marker band market is segmented into North America, Europe, Asia Pacific, and RoW.

Market Dynamics and Factors:

The necessity of the marker bands for medical procedures such as angioplasty and growing victims of cardiovascular diseases worldwide are the major driving factors of the market. In addition to this development of advanced materials for the marker band resulting in reduced cost of the bands will further boost the market in the upcoming years. Growing population in emerging countries like India, China fuels the healthcare or medical industry which leads to an increase in demand for the healthcare equipment. An unhealthy lifestyle of the populace in the developed countries also helps in the growth of the medical marker band market. However, the high cost of the precious metals used in the marker bands is a restraining factor for the market. Development in advanced materials will further create new opportunities in upcoming years for the medical marker band market.

Geographic Analysis:

North America has dominated the medical marker band market and expected to continue its supremacy during the forecast period. With the growing development of advanced materials and technology, an increase in cardiovascular patients owing to an unhealthy lifestyle, rise in export of the advanced materials to the developing countries, and presence of top manufacturers such as American elements, Biometrics. Asia Pacific is also expected to witness rapid growth due to the rising population and growing health awareness amongst the populace. Europe is expected to grow at a steady pace with the growing healthcare sector.

Competitive Scenario:

Top key players in the medical marker band market are American Elements, Putnam Plastics, MSI, Biomerics, Radiopaque Solutions Inc., Stanford Advanced Materials, Edgetech Industries LLC, Endeavour Business Media LLC, Precipart, and Prince Izant.

Medical Marker Band Market  Report Scope