Global Medical Grade SiliconeMarket is expected to reach
USD 596.8 million by 2025, growing at a CAGR of 6.6%, according to a report
by Grand View Research, Inc. Rising demand for Medical Grade Silicone
owing to its inherent thermal and chemical stability, hydrophobicity,
resistance to sterilization method, and low surface tension is expected to
augment the industry size over the forecast period.
The growing use of high consistency silicone elastomers due
to various properties offered such as green strength, which is necessary to
maintain extruded profiles until vulcanized, is expected to increase their
demand in extrusion applications, which in turn is anticipated to stimulate the
demand over the forecast period.
Silicone medical adhesives are used to fabricate medical
devices, seal wounds, and affix medical devices including dressing, a patch to
the skin, and as a tape. The market is expected to exhibit promising gains on
account of high tourist numbers triggering medical tourism in the Asia Pacific,
especially in India, South Korea, Thailand, Singapore, and Malaysia.
The global medical silicone coatings market accounted for
8.7% of the overall revenue share in 2016 and is expected to witness growth on
account of high usage of the product in mandrels, catheters, hypo tubes,
stents, guide wires, sutures, and syringes. The growing geriatric population
coupled with the rising obesity rates is anticipated to increase the
occurrences of cardiac diseases, which in turn is expected to stimulate the
medical silicone demand.
Full Research Report on Global Medical Grade Silicone
Market Analysis:
http://www.grandviewresearch.com/industry-analysis/medical-grade-silicone-market
http://www.grandviewresearch.com/industry-analysis/medical-grade-silicone-market
Further key findings from the report suggest:
- Silicone
elastomer is anticipated to witness significant revenue gain with a
predicted CAGR of 6.9% from 2017 to 2025 due to the rising consumption of
the product in the Liquid Silicone Rubber (LSR) and High Consistency
Rubber (HCR) applications. LSR and HCR find application in pump
diaphragms, hydrocephalic shunts, replacement finger joints, pacemaker
lead coverings, and catheters.
- Asia
Pacific was the prominent market and accounted for 22.1% of the overall
volume share in 2016. Favorable FDI and “Make in India” policy implemented
by the Government of India are expected to generate opportunities for the
medical device components industry in the country, which in turn is likely
to aid in the medical silicone industry growth.
- Growing
awareness regarding commercially available products, the adoption of
enhanced surgical treatments, and increasing healthcare infrastructure are
expected to open new avenues for medical products in the U.S., and
therefore, augment the demand for medical silicone in the market
- Momentive
Performance Materials Inc.; 3M Company; Trelleborg AB; Primasil Silicones
Limited; China National Bluestar (Group) Co. Ltd. (Bluestar); Henkel AG
& Co. KGaA; Dow Corning Corporation; Zodiac Coating SAS; and Wacker
Chemie AG are some of the prominent players dominating the industry
- The
global medical silicone market is highly fragmented in nature and marked
by the presence of numerous global and regional silicone producers. Due to
end-user opportunities and fragmented nature of the market, the intensity
of rivalry is expected to increase in the next eight years.
- In
February 2017, Wacker Chemie AG named Foster Corporation as an exclusive
distributor of medical-grade silicone rubber for the company’s Silpuran
line in the North America healthcare market to provide services such as
customer support, enhanced customer experience, and logistics in the
region
- In
November 2016, Dow Corning Corp. launched soft skin adhesive to bridge the
gap between the company’s Pressure Sensitive Adhesives (PSAs) and
gentle-adhesion SSAs
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research
has segmented the Global Medical Grade Silicone Market on the basis of
product, application, end use, and region:
Product Outlook (Volume, Tons; Revenue, USD Million; 2014
- 2025)
- Elastomers
- Gels
- Medical
Adhesives
- Medical
Coatings
- Foams
- Others
Application Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
- Prosthetics
- Orthopedic
Components
- Medical
Devices
- Medical
Tapes
- Contact
Lens
- Oral
Care Products
- Others
Regional Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
- North
America
- U.S.
- Europe
- France
- Germany
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
View press release of this research report by Grand View
Research:
http://www.grandviewresearch.com/press-release/global-medical-grade-silicone-market
http://www.grandviewresearch.com/press-release/global-medical-grade-silicone-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
