Medical Grade Silicone Market

Global Medical Grade Silicone Market is projected to grow at a significant CAGR from 2017 to 2025  

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.  It has gained widespread acceptance because of its negligible levels of toxicity and low risk of unfavourable biological reactions. The growing need for disposable devices has led to an increased demand for medical grade silicone. 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. Based on type, the medical grade silicone market is segmented into healthcare/medical adhesives, medical coatings, silicone elastomers, and gels. Silicone gel is increasingly being used in the healthcare industry in medical applications which range from very soft gels for prosthetic and implant applications, to very sticky gels for topical and transdermal wound care applications. They have proved to be very effective for scar treatment. These are also used in other medical applications, such as skin coverings, comfort pads, and others. One of the latest advancements is the use of silicone gel for manufacturing silicone gel sheets, which are used for the treatment of large scars that need to be protected and covered. Although the medical grade silicone market is growing at a significant rate, certain factors could hinder the market growth. The government measures to control healthcare cost and lack of investment in product development are restricting the growth of the market to some extent. Stringent and time-consuming regulatory policies are the major challenges for the market.

The report is designed to provide a complete view on the global Medical Grade Silicone market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Medical Grade Silicone market has been studied considering a short term forecast of the factors/ variables which have an impact on Medical Grade Silicone market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.

Study Technique: Global Medical Grade Silicone Market

The global Medical Grade Silicone market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Medical Grade Silicone market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Medical Grade Silicone, and customer analytics.

Global Medical Grade Silicone Market, By Application

Based on application, the medical grade silicone market is segmented into catheters, medical devices, medical tapes, prosthetics, and orthopaedics. Prosthetics & orthopaedic are the largest and fastest-growing application segments for medical grade silicone market. Medical grade silicones are used for manufacturing prosthetics due to their physical properties of chemical inertness, thermal & dimensional stability, elasticity, flexibility, and skin-like texture. Medical grade silicone elastomers have been broadly used in replacement of ailing small joints and other orthopaedic components. The first orthopaedic medical grade silicone were hand and foot implants.

End-User Landscape (Consumer Profile): Medical Grade Silicone Market

Companies such as 3M Company, Nusil Technology LLC, DOW Corning, and Wacker Chemie AG, among others are investing extensively in the manufacturing and sale of Medical Grade Silicone, which presents a huge opportunity to Medical Grade Silicone suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.

Competitive Landscape:

3M Company, Nusil Technology LLC, DOW Corning, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., and Bluestar Silicones, among others account for the major share in Medical Grade Silicone market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Henkel AG & Co., Specialty Silicone Fabricators, Inc., Zodiac Coating, and Momentive Performance Materials Inc.

Please note: This is not an exhaustive list of companies profiled in the report.