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Global Medical Grade Silicone Market Synopsis:Medical Grade Silicone is biocompatible, food grade, and non-toxic material, owning superior properties such as flexibility, resistance to heat & chemical reactivity. The material is approved by various health organizations such as one in America, CDRH (FDA Center for Devices and Radiological Health) to be used in a wide range of medical applications.
This Silicone is extensively used in the manufacturing of numerous medical devices and implants ranging from neurological, cardiovascular, urological, devices to ophthalmic & aesthetic implants to dummy organs, artificial limbs, breast, human skin, silicon robot, and so on. With such a wide application range that too in a burgeoning sector like medical & healthcare, it is needless to say that its market is well-established and growing pervasively.
Acknowledging the spurting growth the market is perceiving currently & the potential the market holds to grow globally, the leading research firm ‘Market Research Future’ (MRFR) has recently published a study report mapping companies active in the industry. In its market analysis, MRFR asserts that the global Medical Grade Silicone Market will garner an exponential growth by 2023, posting a phenomenal CAGR during 2017 to 2023.
Top Key Players of "Medical Grade Silicone Market Research Report - Forecast to 2023"
Saint-Gobain Performance Plastics (France), 3M (US), Koninklijke DSM N.V. (Netherlands), Zodiac Coating SAS (France), Momentive (US), Trelleborg AB (Sweden), Nusil Technology LLC (US), Shin-Etsu Chemical Co., Ltd (Japan), Polymer Science, Inc. (US), Henkel AG & Co. KGaA (Germany), Applied Silicone Corporation (US), and Primasil Silicones Ltd. (UK) are some of the prominent players competing in the Global Medical Grade Silicone Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
April 25, 2018 - Envision TEC (North America), a 3D-printing technology company introduced two - high-purity 3D-printing materials - liquid silicone rubber and biodegradable PCL polyester, appropriate to be used for implantable medical devices. These materials after fabrication of the parts on the company’s 3D-Bioplotter series printers can be implanted in humans.
Additionally, factors contributing to the market growth include, rising healthcare expenditures backed by the stimulated demand for early detection, non-invasive therapies, development of various innovative & connected products such as wearable medical devices, etc. Growing number of surgeries, including cosmetic & plastic surgeries coupled with increasing prevalence chronic and cardiovascular diseases, quite explain the demand & growth of the Global Medical Grade Silicone Market.
Other factors defining the market growth landscape include growing population, the geriatric populace, and urbanization. Improving economic conditions across the globe are providing impetus to the market growth, enabling access to the quality life & improved healthcare. Seminal efforts &investments, transpired into the development of the product, are paying off well, driving the market growth.
Global Medical Grade Silicone Market Competitive Landscape:
The Medical Grade Silicone market is fiercely competitive with several large and small players along with the new entrants forming a competitive landscape. Development of new product and technologies in the market are also expected to create substantial investment opportunities for the global players. Focused on improving their market performance, the market players are acquiring promising companies to expand in the fast-growing markets.
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Global Medical Grade Silicone Market – Segments:
By Products : Comprises Gels, Elastomers, Medical Adhesives, and Medical Coatings, among others.
By Applications : Medical Tapes, Medical Devices, Orthopedics, Contact Lenses, and Prosthetics among others.
By Regions : North America, Europe, APAC and Rest of the World.
Medical Grade Silicone Market – Geographical Analysis:
Globally, North America accounts for the dominating market for Medical Grade Silicone, holding the largest market share. Growing with the well-penetrated healthcare industry coupled with the presence of numerous matured manufacturers in the region the North America market is expected to continue with its dominance in the global market for Medical Grade Silicone during the forecast period.
Europe stands the second largest market for the Medical Grade Silicone, owing to the spurting healthcare industry in the region. Besides, the largest pharmaceutical space in the region coupled with the extensive use of medical grade silicone in surgeries and other medical procedures contribute to the regional market growth. Continuing with the same growth trends the region is expected to gain momentous accruals during the forecast period.
Whereas the Asia Pacific region accounts for the substantial market share, emerging as the fastest growing market in the Global Medical Grade Silicone Market.
Owing to the growing markets in some of the APAC countries like India, Japan, China and Australia, backed by the increasing demand for the products, the region is expected to register a phenomenal growth rate during the review period.
Intended Audiences:
Medical grade silicone Manufacturers
Traders and distributors of medical grade silicone
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
Contact Info:
Name: Abhishek
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Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312t Email: sales@marketresearchfuture.com
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/medical-grade-silicone-market-5767
Release ID: 88893007
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