Rubber Bulbs Market Size Growth Factors, Revenue, Competitive Landscape & Forecast Report by 2029
The global rubber bulbs market size is expected to grow progressively backed by the increasing demand for pipettes and droppers. This information is published by Fortune Business Insights™ in an upcoming study, titled, “Rubber Bulbs Market, 2022-2029.” Droppers and pipettes are used in carrying out chemical, pathological, and biological types of test. The use of these instruments is required to avoid contamination, tampering, and mishandling of the chemicals or samples.
We have categorized the market on the basis of type, application, and geography. In terms of type, the market is divided into rubber syringe bulbs, rubber pipetting bulbs, and latex dropper bulbs. Based on application, it is fragmented into hospitals, laboratory, and other. Based on the region, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
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Highlights of the Report:
The report comprises segmentation of the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.
Drivers & Restraints-
Rising Prevalence of Zoonotic Diseases to Drive Growth
According to the Centers for Disease Control and Prevention, over six out of 10 communicable diseases are known to be zoonotic or have come from animals. The rising prevalence of zoonotic diseases globally is estimated to boost the demand for droppers and pipettes, which in turn is anticipated to drive the rubber bulbs market growth. In addition, the emphasis on technical advancements of diagnostic systems globally for more accuracy and better treatment is predicted to propel the demand for rubber bulbs. However, the rapid development for better alternatives of rubber for manufacturing bulbs may hinder market growth.
Evident Presence of Key Enterprises to Boost Demand in North America
North America is projected to dominate the global rubber bulbs market during the forecast period. Highly developed healthcare infrastructure in the U.S. is anticipated to boost the demand for rubber bulbs in the region. In addition, the evident presence of prominent manufacturers will help the region gain market share.
The market in Asia Pacific is estimated to showcase significant growth. The increasing expenditure by governments across nations in healthcare infrastructure and other medical facilities is predicted to bolster the demand for rubber bulbs in the region. For instance, the Government of India announced an increased expenditure of 137% on healthcare in its latest budget for 2021.
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Focus on Technological Advancements to Help Prominent Players offer Better Treatment
The global rubber bulbs market comprises numerous manufacturers and distributors focusing toward the development of the industry. Currently, the key focus of the industry leaders operating in the market is to expand their production capacity amid the COVID-19 pandemic era. In addition, prominent enterprises are focusing on technological advancements and product development in order to provide accurate tests and better treatment to patients.
List of Key Manufacturers Operating In the Rubber Bulbs Market Report:
- Walter Stern, Inc.
- SciLab Korea Co., Ltd.
- North American Latex Corporation
- BPL Medical Technologies
- Rubbertron Industries
- GSC International, Inc.
- United Scientific Supplies
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