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Medical Grade Ultra High Molecular Weight Polyethylene Monomer Market Size, Share & Trends Analysis Report By Application (Knee Replacement, Hip Replacement), By Region, And Segment Forecasts, 2024 - 2030

September 2024 | 100 pages | ID: M135679BE1BEN
Grand View Research, Inc.

US$ 5,950.00

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Medical Equipment Third Party Calibration Services Market Growth & Trends

The global medical equipment third party calibration services market size is anticipated to reach USD 1.08 billion by 2030 and is projected to grow at a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. The increasing prevalence of chronic diseases and high demand for effective diagnosis, as well as increased usage of refurbished medical equipment to fulfill the rising demand for healthcare services, leads to the growth of the third-party calibration services market.

The COVID-19 pandemic fueled the growth of the calibration of medical equipment to ensure the quality and accuracy of the instruments for better diagnosis. The stringent regulations and acquisitions of various firms to expand their presence further boost market growth. Technological advancements enabled third-party vendors to offer remote calibration services without human involvement. Furthermore, the key players are acquiring companies to expand their presence and calibration services. For instance, Transcat, Inc. acquired TIC-MS, Inc., a U.S.-based calibration laboratory, in March 2023 to strengthen its presence in the Midwest region of the country.

Various regulatory frameworks are established to ensure seamless processes and not compromise the quality of medical equipment. For instance, ISO/IEC 17025 standards enable laboratories to perform testing or calibration with reliable results. Such standards are expected to improve the quality of work and offer better healthcare treatment, boosting market growth.

Medical Equipment Third Party Calibration Services Market Report Highlights
  • In 2023, hospitals dominated the end use segment with 43.8% share, which can be attributed to the offering of integrated healthcare services under one roof. The rising usage of refurbished medical equipment and the need to calibrate the equipment contribute to the growth of third-party calibration services.
  • Clinical laboratories are expected to register the fastest CAGR over the forecast period as they extensively use third-party calibration services to maintain accuracy.
  • The electrical calibration services in the hospital segment held the largest market share, of 33.8%, in 2023. Temperature-based calibration services in the hospital segment are anticipated to grow significantly over the forecast period.
  • North America dominated the market in 2023 owing to increased demand for healthcare services and the number of third-party calibration service providers.
  • Some of the market players operating in the medical equipment third party calibration services include NorthLab (India) Pvt.Ltd, Al Borg Diagnostics, Allometrics Inc., NicolScales, The Calibration Company, ACS-Calibration, and Applus+, among others.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
  1.3.1. Information Procurement
  1.3.2. Information or Data Analysis
  1.3.3. Market Formulation & Data Visualization
  1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
  1.4.1. List of Data Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

CHAPTER 3. MEDICAL GRADE ULTRA HIGH MOLECULAR WEIGHT POLYETHYLENE (UHMWPE) MONOMER MARKET VARIABLES, TRENDS, & SCOPE

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)
3.3. Market Dynamics
  3.3.1. Market Drivers Analysis
  3.3.2. Market Restraints Analysis
3.4. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Analysis Tools
  3.4.1. Porter’s Analysis
    3.4.1.1. Bargaining power of the suppliers
    3.4.1.2. Bargaining power of the buyers
    3.4.1.3. Threats of substitution
    3.4.1.4. Threats from new entrants
    3.4.1.5. Competitive rivalry
  3.4.2. PESTEL Analysis
    3.4.2.1. Political landscape
    3.4.2.2. Economic and Social landscape
    3.4.2.3. Technological landscape
    3.4.2.4. Environmental landscape
    3.4.2.5. Legal landscape

CHAPTER 4. MEDICAL GRADE ULTRA HIGH MOLECULAR WEIGHT POLYETHYLENE (UHMWPE) MONOMER MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

4.1. Segment Dashboard
4.2. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market: Application Movement Analysis, USD Million, Volume in Kilotons, 2023 & 2030
4.3. Total Hip Replacement
  4.3.1. Total Hip Replacement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.4. Knee Replacement
  4.4.1. Knee Replacement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.5. Shoulder Replacement
  4.5.1. Shoulder Replacement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.6. Ankle Replacement
  4.6.1. Ankle Replacement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.7. Small Joints
  4.7.1. Small Joints Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)

CHAPTER 5. MEDICAL GRADE ULTRA HIGH MOLECULAR WEIGHT POLYETHYLENE (UHMWPE) MONOMER MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

5.1. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer tMarket Share, By Region, 2023 & 2030, USD Million, Volume in Kilotons
5.2. North America
  5.2.1. North America Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.2.2. U.S.
    5.2.2.1. U.S. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.2.3. Canada
    5.2.3.1. Canada Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.2.4. Mexico
    5.2.4.1. Mexico Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3. Europe
  5.3.1. Europe Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.2. U.K.
    5.3.2.1. U.K. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.3. Germany
    5.3.3.1. Germany Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.4. France
    5.3.4.1. France Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.5. Italy
    5.3.5.1. Italy Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.6. Spain
    5.3.6.1. Spain Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.7. Russia
    5.3.7.1. Russia Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.8. Demark
    5.3.8.1. Denmark Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.9. Sweden
    5.3.9.1. Sweden Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.3.10. Norway
    5.3.10.1. Norway Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4. Asia Pacific
  5.4.1. Asia Pacific Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.4.2. China
    5.4.2.1. China Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.4.3. Japan
    5.4.3.1. Japan Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.4.4. India
    5.4.4.1. India Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.4.5. Australia
    5.4.5.1. Australia Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.4.6. South Korea
    5.4.6.1. South Korea Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.4.7. Indonesia
    5.4.7.1. Indonesia Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.4.8. Vietnam
    5.4.8.1. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.5. Latin America
  5.5.1. Latin America Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.5.2. Brazil
    5.5.2.1. Brazil Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.5.3. Argentina
    5.5.3.1. Argentina Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.6. Middle East and Africa
  5.6.1. Middle East and Africa Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  5.6.2. Saudi Arabia
    5.6.2.1. Saudi Arabia Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.6.3. South Africa
    5.6.3.1. South Africa Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.6.4. UAE
    5.6.4.1. UAE Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
  5.6.5. Kuwait
    5.6.5.1. Kuwait Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)

CHAPTER 6. COMPETITIVE LANDSCAPE

6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
  6.4.1. Celanese Corporation
    6.4.1.1. Participant’s Overview
    6.4.1.2. Financial Performance
    6.4.1.3. Product Benchmarking
    6.4.1.4. Recent Developments/ Strategic Initiatives
  6.4.2. DSM Biomedical
    6.4.2.1. Participant’s Overview
    6.4.2.2. Financial Performance
    6.4.2.3. Product Benchmarking
    6.4.2.4. Recent Developments/ Strategic Initiatives
  6.4.3. Honeywell International Inc.
    6.4.3.1. Participant’s Overview
    6.4.3.2. Financial Performance
    6.4.3.3. Product Benchmarking
    6.4.3.4. Recent Developments/ Strategic Initiatives
  6.4.4. Mitsui Chemicals, Inc.
    6.4.4.1. Participant’s Overview
    6.4.4.2. Financial Performance
    6.4.4.3. Product Benchmarking
    6.4.4.4. Recent Developments/ Strategic Initiatives
  6.4.5. TEIJIN LIMITED
    6.4.5.1. Participant’s Overview
    6.4.5.2. Financial Performance
    6.4.5.3. Product Benchmarking
    6.4.5.4. Recent Developments/ Strategic Initiatives
  6.4.6. LyondellBasell Industries Holdings B.V.
    6.4.6.1. Participant’s Overview
    6.4.6.2. Financial Performance
    6.4.6.3. Product Benchmarking
    6.4.6.4. Recent Developments/ Strategic Initiatives
  6.4.7. Orthoplastics Ltd.
    6.4.7.1. Participant’s Overview
    6.4.7.2. Financial Performance
    6.4.7.3. Product Benchmarking
    6.4.7.4. Recent Developments/ Strategic Initiatives
  6.4.8. Tianyi Biomedical Technology Co., Ltd.
    6.4.8.1. Participant’s Overview
    6.4.8.2. Financial Performance
    6.4.8.3. Product Benchmarking
    6.4.8.4. Recent Developments/ Strategic Initiatives
  6.4.9. Quadrant Engineering Plastic Products (Mitsubishi Chemical Advanced Materials)
    6.4.9.1. Participant’s Overview
    6.4.9.2. Financial Performance
    6.4.9.3. Product Benchmarking
    6.4.9.4. Recent Developments/ Strategic Initiatives
  6.4.10. Asahi Kasei Corporation
    6.4.10.1. Participant’s Overview
    6.4.10.2. Financial Performance
    6.4.10.3. Product Benchmarking
    6.4.10.4. Recent Developments/ Strategic Initiatives


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