Medical Grade Silicone Market – Global Industry Analysis and forecast (2024-2030)

Medical Grade Silicone Market is expected to reach US$ 25.50 Bn . by 2030, at a CAGR of 6% during the forecast period.
Medical Grade Silicone Market Dynamics
The Medical Grade Silicone is made with high standards as it comes in direct contact with the human body. Medical devices like heart pumps, surgical instruments, defibrillators, which uses hydrophobic and biocompatible properties of medical silicone. The silicon has a negligible level of toxic level and low rick of biological reaction. These factors increasing the use of silicon in medical devices and equipment. The silicon provides high dielectric strength, high resistance to chemicals and bacteria. The silicone is used in medical devices such as tubing for medical diagnostic systems to drug delivery devices like tear duct plugs.To know about the Research Methodology: Request Free Sample Report

The medical grade silicone has a wide range of applications in medical devices like prosthetics (limbs & implants), orthopedic components, medical devices, medical tapes, and other applications. The medical devices segment is showing xx% growth from the last couple of years and is expected to continue its growth rate in the forecasted period.

The medical grade silicone is used to manufacture medical devices like Tubing, Drains, Feeding tubes, Catheters, Implants for long and short term use, Seals and gaskets, Syringe pistons, Scar Treatment Silicone Sheets (FDA Class 1 Medical Device) and gels, Condoms, Menstrual cups, Non-Stick Containers, Respiratory masks, etc. Also, the development of medical science is creating numerous opportunities for Medical Grade Silicone. Wearable Medical devices are estimated to be the fastest-growing medical device type in medical grade silicone market in the forecasted period. Increasing demand from the public due to rising health concerns are fueling market growth.

Growth of wearable healthcare devices are expected to grow at 20% CAGR and accounted to have USD 18.4 billion market in 2023. The DowDuPont Specialty Products Division’s developed DOW CORNING Soft Skin Adhesive MG 7-1020 for wearable medical devices, which is suitable for all skin type.

By type, the global medical grade silicone market is segmented into gels, medical adhesives, medical coatings, liquid silicone rubbers (LSR), and Others. The liquid silicone segment is growing at xx% CAGR in the past five years. The Liquid silicone rubbers are used in sealing of membranes, infants care, seals, and numerous other medical application.
Medical Grade Silicone Market Regional Insights
By region, North America and Europe region is showing major demand for medical grade silicone. Thanks to the advance medical infrastructure and health concerns are driving the market over the forecasted period. The Asia Pacific has a significant share of xx% in the global Medical Grade Silicone market. Growth in medical infrastructure and health awareness in developing regions such as India, China, and South Korea are driving market growth. Increasing demand for wearable health devices are expected to fuel the expansion of the market at CAGR xx% during the forecast period. Latin America and Middle East Africa are emerging markets and expected to grow at xx% CAGR in the forecasted period.

The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Medical Grade Silicone Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Medical Grade Silicone Market dynamics, structure by analyzing the market segments and project Global Medical Grade Silicone Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Medical Grade Silicone Market the report investor’s guide.
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Global Medical Grade Silicone Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 16.96 Bn.


Forecast Period 2024 to 2030 CAGR:
6%
Market Size in 2030:
US $ 25.50 Bn.


 Segments Covered:
 by Type
Gels
Medical Adhesives
Medical Coatings
Liquid Silicone Rubbers (LSR)
Others (APIs, excepients, foams, emulsions, dispersions, etc.)


 by Application
Prosthetics (limbs & implants)
Orthopedic Components
Medical Devices
Medical Tapes
Other Applications



Medical Grade Silicone Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Medical Grade Silicone Market Key Players are:
1.3M
2. Saint-Gobain Performance Plastics
3. Koninklijke DSM N.V.
4. Momentive
5. Zodiac Coating SAS
6. Trelleborg AB
7. Shin-Etsu Chemical Co., Ltd
8. Nusil Technology LLC
9. Henkel AG & Co. KGaA
10.Polymer Science, Inc.
11.Applied Silicone Corporation
12.Primasil Silicones Ltd.
13.Dow
14.Wacker Chemie AG
15.Specialty Silicone Fabricators, Inc
16.Wynca Group
17.Kibaru Manufacturing Sdn Bhd
18.Messe Düsseldorf GmbH
19.STOCKWELL ELASTOMERICS, INC
20.Apple Rubber Products

Frequently Asked Questions:

1. Which region has the largest share in Global Medical Grade Silicone Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global Medical Grade Silicone Market?
Ans: The Global Market is expected to grow at a CAGR of 6% during forecast period 2024-2030.

3. What is scope of the Global market report?
Ans: Global Medical Grade Silicone Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global market?
Ans: The important key players in the Global Market are – 3M, Saint-Gobain Performance Plastics, Koninklijke DSM N.V., Momentive, Zodiac Coating SAS, Trelleborg AB, Shin-Etsu Chemical Co., Ltd, Nusil Technology LLC

5. What is the study period of this market?
Ans: The Global Medical Grade Silicone Market Market is studied from 2023 to 2030.