Medical Grade Silicone Market Size | Share | Trends | Growth | Scope | Outlook | Opportunities | Forecast Period

Medical Grade Silicone Market Size | Share | Trends | Growth | Scope | Outlook | Opportunities | Forecast Period

At a growth rate of 6.5%, the medical grade silicone market is expected to reach USD 16.5 billion by 2027. Artificial devices used to replace damaged or missing biological parts include medical implants. These implants are placed either inside the body’s surface and help deliver medication, monitor body functions, and provide support to organs and tissues.

 

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Market Insights

Advancements drive the medical implants market in medical technologies and increase chronic diseases such as osteoarthritis, cardiovascular diseases, neuropathic diseases, and congenital disorders. To changes in terms of application, property, and state, the medical grade silicones are incredibly adaptable.

The medical grade silicone market is divided into prosthetics & orthopedic, medical tapes, medical electronics and device assemblies & fittings, medical tubes, and catheters. The largest and the fastest-growing application segments for the medical grade silicone market are prosthetics and orthopedic.

 

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The fastest-growing region for the medical grade silicone market is the Asia Pacific. In this region, the developing countries have a rapidly growing infrastructure that would create growth opportunities in the medical grade silicone market. The fastest-growing economies around the globe and Asia pacific are China and India. With the highest growth rate, India is projected to overtake China, thus driving the global economy.

Market Segmentation

Based on Type

  • Gels (unreinforced silicone elastomers)
  • Medical Adhesives
  • Medical Coatings
  • Liquid Silicone Rubbers (LSR)
  • APIs, excepients, foams, emulsions, dispersions.

Based on Application

  • Prosthetics (limbs & implants)
  • Orthopedic Components
  • Medical Devices
  • Medical Tapes

By Region

  • North America (The U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Poland, Turkey, Switzerland, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, South Korea, Vietnam, Philippines, Malaysia, Indonesia, Thailand, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Columbia, Argentina, Chile, and Rest of Latin America)
  • Middle East & Africa (South Africa, Saudi Arabia, UAE, Oman, Egypt, and Rest of Middle East & Africa)

Key Market Players

The key market players in the medical grade silicone market are:

  • Dow Corning (U.S.),
  • Wacker Chemie AG (Germany),
  • Shin-Etsu Chemical Co., Ltd. (Japan),
  • Momentive (U.S.),
  • Bluestar Silicones (France), and
  • 3M Company (U.S.)

 

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