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Medical Grade Silicone Market, By Product Type (Elastomers, Gels, Medical Adhesives, Medical Coating

Published Date: | Report Code : HC2067479

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Medical Grade Silicone Market, By Product Type (Elastomers, Gels, Medical Adhesives, Medical Coatings, and Others), By Application (Contact Lenses, Medical Devices, Medical Tapes, and Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

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Domain : Healthcare

Report Code : HC2067479

Status : Upcoming

Medical Grade Silicone is a material that is used in the body as part of an implantable and disposable device. This requires safety and high performance when it come in contact with human body. Medical Grade Silicone include instruments with critical functions such as defibrillators, heart pumps, and surgical reconstructive components which employ the biocompatible and hydrophobic properties of silicone.

The Medical Grade Silicone market is driven by various factors such as  low risk associated with unfavorable biological reactions, changing conception of beauty that result in the rising incidence of cosmetic and plastic surgeries and change in lifestyle are some of the major factor that driving the growth of market, Furthermore, increase in prevalence of cardiovascular diseases, increasing demand by healthcare industry, growing geriatric population increases demand for new medical technologies is anticipated to fuel the market growth.

Moreover, growing prevalence of orthopedic conditions such as degenerative bone diseases, increases number of road accidents, inertness to chemicals & solvents, oil & fuel resistance these properties fuel the use of medical grade silicone in neuromodulation, diagnostics, surgical, vascular, and drug delivery. However, presence of alternative techniques, Stringent regulatory policies, rising prices of raw material is projected to hamper the growth of Medical Grade Silicone market.

Segmentation

The Medical Grade Silicone Market segmentation is based on product type, application and region.

Product Type

Based on product type the market is segmented into Elastomers, Gels, Medical Adhesives, Medical Coatings, and Others. Elastomers is anticipated to dominate the market owing to properties of polymers such as hypoallergenic, non-reactivity with most chemicals, high tear strength, exceptional thermal conductivity, and excellent fire resistance. Some of the Elastomers are used in manufacturing of medical tubing, devices, and components. Moreover, gel based medical grade silicone is anticipated to grow in forecast period due to its properties such as resistance, high and low temperature, excellent hydrophobicity, and high dielectric breakdown.

Application Outlook

Based on application the medical grade silicone market is segmented into Contact Lenses, Medical Devices, Medical Tapes, and Others. Apart from there are other application of medical grade silicone such as prosthetics & orthopedic, cardiovascular implants, stents, structural cardiac implants. Out of which prosthetics & orthopedic is anticipated to dominate the market. Due to its cost effectiveness and rising approval from FDA for clinical trials is expected to fuel the growth of market.

Regional Outlook

Based on region the market is categorized into North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America is accounted to dominate the market owing to presence of broad manufacturing bases and extensive growth of the healthcare industry in the U.S. is anticipated to grow demand for use of medical devices and production. Moreover, increasing development in healthcare has increase demand for medical grade silicone in prosthetic and orthopedic components. Furthermore, Asia Pacific is expected to grow the medical grade silicone market.

Market Players

The key leading players in market include Trelleborg AB, Zodiac Coatings SAS, 3M Company, Dow Corning Corporation, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive.

Key Development

September 2018-The Dow Chemical Company (Dow) announced new low capital intensity, high return investments in its upstream and downstream silicones franchise to accelerate innovation and support global customers’ demand in high growth markets,

What Does This Report Provide?

This report provides a detailed understanding of the global Medical Grade Silicone market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Product type

  • Elastomers
  • Gels
  • Medical Adhesives
  • Medical Coatings
  • Others

By Application

  • Contact Lenses
  • Medical Devices
  • Medical Tapes
  • Others

By Region:

  • North America Medical Grade Silicone Market
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Application
  • Western Europe Medical Grade Silicone Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By Application
  • Asia Pacific Medical Grade Silicone Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By Application
  • Middle East & Africa Medical Grade Silicone Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Product Type
    • By Application
  • South America Medical Grade Silicone Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Product Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of theMedical grade silicone market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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