Medical Grade Silicone Market

Medical Grade Silicone Market Overview:

Medical grade silicone is used for medical application that is tested for biocompatibility. Medical grade silicones are commonly segmented into three categories that include non-implantable, short term implantable, and long-term implantable. These are used in tubes, dental retainers, implants for long & short term use, respiratory masks, non-stick containers, menstrual cups, syringe pistons, seal & gasket, gel sheets for scar therapy, and others.

The global medical grade silicone market is driven by increase in use in defibrillators, heart pumps, and surgical reconstructive components, owing to their biocompatibility and hydrophobicity properties. Prosthetics and orthopedics devices are produced by using silicone owing to its light weight and appearance. In addition, increased prevalence of osteoporosis is expected to fuel the demand for prosthetics and orthopedics devices, which in turn is expected to boost the market growth. Furthermore, the surge in demand for disposable devices has led to increase in demand for medical grade silicone. Liquid rubber silicone, is used in sealing membranes, electric connectors, seals, and infants care products such as bottle nipples besides several other medical application. Change in lifestyles and changing concepts of beauty resulting in the rising incidence of cosmetic and plant surgeries are considered to be significant drivers of the global medical grade silicone market. Medical grade silicone. Modern fast pace life has changed the food habits and has led to increase in cardiovascular disease is expected to increase the growth of the global medical grade silicone market. Growing demand for low-cost healthcare facilities in emerging economies such as China, India, Singapore, and Malaysia along with the increase in disposable incomes of the people in these countries are expected to surge the growth of medical grade silicone in Asia Pacific.Moreover, the significant rise in the medical tourism industry in Brazil, Costa Rica, and Mexico is expected to increase demand in the Americas region over the upcoming years.

However, growth of the global medical grade silicone market is restrained by the fluctuating raw material prices. In addition, stringent and time-consuming regulatory policies are expected to hamper the medical grade silicone market growth. Furthermore, the rising demand for Thermoplastic elastomers (TPE) in the healthcare industry is likely to restrict the growth of the silicone elastomers and is expected to hamper the growth of market. Nonetheless, advancements and R&D initiatives in medical grade silicone materials are anticipated to provide healthy growth opportunities to the global medical grade silicone market during the forecast period.  

The medical grade silicone market is segmented into type, application, and region. Based on type, the medical grade silicone market is divided into gels, medical adhesives, medical coatings, and elastomers. Based on application, it is categorized into prosthetics & orthopedic, medical devices, medical tapes, and contact lenses. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players operating in the global medical grade silicone market include 3M, Dow, Albright Technologies, Primasil Silicones Ltd., Flexan, LLC., Elkem Silicones, Point Medical Corporation, Silicone Altimex, Vesta Inc., Shin-Etsu Chemical Co., Ltd., and others.

Key Benefits for Medical Grade Silicone Market:

• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building. 
• It outlines the current trends and future scenario of the medical grade silicone market size to understand the prevailing opportunities and potential investment pockets.
• Major countries in the region have been mapped according to their individual revenue contribution in the medical grade silicone market analysis at the regional and country-level market.
• The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
• The profiles of key players along with their contribution in growth are enlisted in the report.

 Medical Grade Silicone Market Report Highlights