The report of Medical Grade Silicone Market 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, Other Application), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ xx Mn by 2027, at a CAGR of 5.9% during a forecast period.
The Medical Grade Silicone are made with high standards as it comes in direct contact with human body. The medical devices like heart pumps, surgical instruments, defibrillators which uses hydrophobic and biocompatible properties of medical silicone. The silicon has negligible level of toxic level and low rick of biological reaction. These factors driving the use of silicon in medical devices and equipment. The silicon provides high dielectric strength, high resistance to bacteria and chemical. The silicone is used in Medical devices such as tubing for medical diagnostic systems to drug delivery devices like tear duct plugs.
Growth of wearable healthcare devices is expected to grow at 20% CAGR and accounted to have USD 18.4 billion market in 2020. 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 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 forecasted period. Asia Pacific has significant share in the global Medical Grade Silicone market. Growth in medical infrastructure and health awareness in developing region such as India, China, and South Korea is driving the growth of medical grade silicone market. 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 market and expected to grow at xx% CAGR in forecasted period.
Key players operating in the Medical Grade Silicone 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, Henkel AG & Co. KGaA, Polymer Science, Inc., Applied Silicone Corporation, Primasil Silicones Ltd., Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Medical Grade Silicone Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Medical Grade Silicone Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Medical Grade Silicone Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Medical Grade Silicone Market.”
https://www.maximizemarketresearch.com/market-report/medical-grade-silicone-market/2669/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908