Medical Grade Silicone Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
Global Medical Grade Silicone Market: General Description
Medical grade silicone is used in implantable and disposable medical devices which require high performance and safety standards when in contact with the 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. It has gained widespread acceptance because of its negligible levels of toxicity and low risk of unfavorable biological reactions. Liquid silicone rubber is a highly common variety owing to its high bacterial and chemical resistance, excellent transparency, gas permeability, clarity, elongation feature, superior dielectric strength, high tensile strength, and ability to function in extreme temperatures.
The report offers a comprehensive evaluation of the global medical grade silicone market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the global medical grade silicone market, including but not limited to: Regional markets, technology, types, and applications.
Global Medical Grade Silicone Market: Drivers and Restraints
The growing need for disposable devices has led to an increased demand for medical grade silicone. Liquid rubber silicone, for instance, is utilized in sealing membranes, electric connectors, seals, and infant care products such as bottle nipples, besides several other medical applications. Lifestyle shifts and changing concepts of beauty resulting in the rising incidence of cosmetic and plastic surgeries are considered to be significant drivers of the global medical grade silicone market. Modern food habits often associated with cardiovascular diseases play a role as well in the growth of the global medical grade silicone market.
Global Medical Grade Silicone Market: Key Segments
In terms of products, medical grade silicone is divided into four categories: gels, medical adhesives, medical coatings (hydrophilic or hydrophobic), and liquid silicone rubbers. Based on application, the four segments of the medical grade silicone market are: prosthetics, orthopedic components, medical devices, and medical tapes. The former two are major applications, whereas the latter two could be further distributed into the following sub-segments: medical electronics and device assemblies, medical tubes, catheters, medical rings and gaskets, and miscellaneous accessories such as drugs, gels, and oral care products; and wound care, drug delivery, personal hygiene, and component joining, respectively. In terms of molding processes, the segments are liquid injection molding, transfer molding, compression molding, micro-molding, silicone to metal bonding, and silicone infused with desiccant molding.
Global Medical Grade Silicone Market: Regional Analysis
The global medical grade silicone market has shown a significant growth in 2015 and is expected to exhibit the same trend during the forecast period. Asia Pacific is projected to be a rapidly expanding market of medical grade silicone due to applications such as prefilled syringes, prosthetics, surgical implants, catheters, and medical tapes. North America and Europe are major consumers thanks to the technological advancements and mounting health concerns in these regions. The developmental activities in Latin America and Middle East & Africa make them emerging regions in the global medical grade silicone market.
Global Medical Grade Silicone Market: Companies Mentioned in the Report
Key players in the global medical grade silicone market include Dow Corning, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Bluestar Silicones, 3M Company, Nusil Technology Llc, and Applied Silicone Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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