Global Medical Grade Silicone Market size was valued US$ xx Mn. in 2019 and the total revenue is expected to grow about CAGR 5.9% from 2019 to 2027, reaching nearly US$ xx Mn.
The Medical Grade Silicone is made with high standards as it comes in direct contact with the human body. Medical devices like heart pumps, surgical instruments, defibrillators, which uses hydrophobic and biocompatible properties of medical silicone. The silicon has a negligible level of toxic level and low rick of biological reaction. These factors increasing the use of silicon in medical devices and equipment. The silicon provides high dielectric strength, high resistance to chemicals and bacteria. The silicone is used in medical devices such as tubing for medical diagnostic systems to drug delivery devices like tear duct plugs.
The medical grade silicone has a wide range of applications in medical devices like prosthetics (limbs & implants), orthopedic components, medical devices, medical tapes, and other applications. The medical devices segment is showing xx% growth from the last couple of years and is expected to continue its growth rate in the forecasted period. The medical grade silicone is used to manufacture medical devices like Tubing, Drains, Feeding tubes, Catheters, Implants for long and short term use, Seals and gaskets, Syringe pistons, Scar Treatment Silicone Sheets (FDA Class 1 Medical Device) and gels, Condoms, Menstrual cups, Non-Stick Containers, Respiratory masks, etc. Also, the development of medical science is creating numerous opportunities for Medical Grade Silicone. Wearable Medical devices are estimated to be the fastest-growing medical device type in medical grade silicone market in the forecasted period. Increasing demand from the public due to rising health concerns are fueling market growth.
Growth of wearable healthcare devices are expected to grow at 20% CAGR and accounted to have USD 18.4 billion market in 2020. The DowDuPont Specialty Products Division’s developed DOW CORNING Soft Skin Adhesive MG 7-1020 for wearable medical devices, which is suitable for all skin type.
By type, the global medical grade silicone market is segmented into gels, medical adhesives, medical coatings, liquid silicone rubbers (LSR), and Others. The liquid silicone segment is growing at xx% CAGR in the past five years. The Liquid silicone rubbers are used in sealing of membranes, infants care, seals, and numerous other medical application.
By region, North America and Europe region is showing major demand for medical grade silicone. Thanks to the advance medical infrastructure and health concerns are driving the market over the forecasted period. The Asia Pacific has a significant share of xx% in the global Medical Grade Silicone market. Growth in medical infrastructure and health awareness in developing regions such as India, China, and South Korea are driving market growth. Increasing demand for wearable health devices are expected to fuel the expansion of the market at CAGR xx% during the forecast period. Latin America and Middle East Africa are emerging markets and expected to grow at xx% CAGR in the forecasted period.
The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Medical Grade Silicone Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Medical Grade Silicone Market dynamics, structure by analyzing the market segments and project Global Medical Grade Silicone Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Medical Grade Silicone Market the report investor’s guide.
Scope of the Medical Grade Silicone Market
Medical Grade Silicone Market, By Type
• Gels
• Medical Adhesives
• Medical Coatings
• Liquid Silicone Rubbers (LSR)
• Others (APIs, excepients, foams, emulsions, dispersions, etc.)
Medical Grade Silicone Market, By Application
• Prosthetics (limbs & implants)
• Orthopedic Components
• Medical Devices
• Medical Tapes
• Other Applications
by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players
• 3M
• Saint-Gobain Performance Plastics
• Koninklijke DSM N.V.
• Momentive
• Zodiac Coating SAS
• Trelleborg AB
• Shin-Etsu Chemical Co., Ltd
• Nusil Technology LLC
• Henkel AG & Co. KGaA
• Polymer Science, Inc.
• Applied Silicone Corporation
• Primasil Silicones Ltd.
• Dow
• Wacker Chemie AG
• Specialty Silicone Fabricators, Inc
• Wynca Group
• Kibaru Manufacturing Sdn Bhd
• Messe Düsseldorf GmbH
• STOCKWELL ELASTOMERICS, INC
• Apple Rubber Products
For a More Information Visit @: https://www.maximizemarketresearch.com/market-report/medical-grade-silicone-market/2669/
This Report Is Submitted By: Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
