Medical Grade Silicone Market by Product Type, by Application, and by Region, - Size, Share, Outlook, and Opportunity Analysis, 2022

Description

Medical grade silicone is biocompatible with living tissues and is widely used in medical devices such as in prosthetics, catheter in cardiology, and others. It has gained a widespread acceptance owing to its less toxicity, hydrophobic properties, and low risk of unfavorable biological reactions. It has a wide scope of application in prosthetics, medical tapes, medical adhesives, and others.

Market Dynamics

The increasing prevalence of trauma injuries, osteoporosis, and cardiovascular diseases is a major factor driving the medical grade silicone market growth. According to World Health Organization (WHO) factsheet 2018, annually, there are around 37.3 million falls, which require medical attention, whereas an estimated 646,000 individuals die annually from falls globally. Moreover, advantages of medical grade silicone are expected to boost the market growth. Medical grade silicone are used in implants and disposable medical devices, which are less toxic and cause less problem when compared to metallic or other form of implants.

Elastomers are the most extensively used medical grade silicone and accounted for significant market share in the year 2021. The demand is fuelled by the salient properties offered by the polymers, including hypoallergenic, non-reactivity with most chemicals, high tear strength, exceptional thermal conductivity, and excellent fire resistance. Liquid silicone rubber (LSR) and high consistency rubber (HCR) elastomers are used to manufacture medical tubing, devices, and components. However, the demand for liquid silicone rubber in moulding applications is anticipated to witness significant growth as a result of low viscosity aiding the growth of intricate and complex molds over HCR.

Increasing expenditure and a greater focus on healthcare, rising construction of hospitals & clinics, and growing establishment of public health insurance are factors anticipated to augment the demand for silicone in the medical devices market in developing countries such as China, India, Thailand, Malaysia, and others. The growing aging population coupled with the rising income levels in developing countries is projected to fuel the growth of healthcare infrastructure. Furthermore, the global harmonization of standards and regulatory requirements is anticipated to help facilitate the overall growth of medical grade silicone market.

Key features of the study:

This report provides an in-depth analysis of global medical grade silicone market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global medical grade silicone market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include 3M Company, Albright Technologies, Avantor, Inc., Elkem Silicone, Dow Corning, FMI LLC, Momentive Performance Materials, Nusil Technology LLC, Primasil Silicones Limited, Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG, and Trelleborg AB
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global Medical Grade Silicone market report caters to various stakeholders in this industry including investors, suppliers, medical grade silicone manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical grade silicone market

Detailed Segmentation:

Global Medical Grade Silicone Market, By Product Type :
- Elastomers
  - High Consistency Rubber
  - Liquid Silicone Rubber
- Gels
  - Soft Skin Adhesives
- Medical Adhesives
  - Pressure Sensitive Adhesives
- Medical Coatings
  - Hydrophobic
  - Hydrophilic
- Others
Global Medical Grade Silicone Market, By Application:
- Contact Lenses
- Medical Devices
  - Medical Electronics, Device Assemblies & Fittings
  - Medical Rings and Gaskets
  - Catheters
  - Medical Tubes
  - Miscellaneous Accessories
- Medical Tapes
  - Drug Delivery
  - Component Joining
  - Personal Hygiene
  - Wound Care
- Orthopedic Components
- Prosthetics
  - Limbs
  - Implants
- Othersl
Global Medical Grade Silicone Market, By Region:
- North America
  - By Country:
- U.S.
- Canada
- Latin America
  - By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
  - By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
  - By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
  - By Country/Region:
- Middle East
- Africa
Company Profiles
- 3M Company
  - Company Overview
  - Product Portfolio
  - Key Strategies
  - Recent Developments
  - Future Plans
- Albright Technologies
- Avantor, Inc.
- Elkem Silicone
- Dow Corning
- FMI LLC
- Momentive Performance Materials
- Nusil Technology LLC
- Primasil Silicones Limited
- Shin-Etsu Chemical Co. Ltd.
- Wacker Chemie AG
- Trelleborg AB

"*" marked represents similar segmentation in other categories in the respective section

Product Code: CMI881

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Medical Grade Silicone Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Medical Grade Silicone Market - COVID-19
Impact Analysis

5. Global Medical Grade Silicone Market, By Product Type , 2017-2030 (US$ Million)

Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Elastomers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Sub-Segments
High Consistency Rubber
Liquid Silicone Rubber
Gels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Sub-Segments
Soft Skin Adhesives
Medical Adhesives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Sub-Segments
Pressure Sensitive Adhesives
Medical Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Sub-Segments
Hydrophobic
Hydrophilic
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)

6. Global Medical Grade Silicone Market, By Application, 2017-2030 (US$ Million)

Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Contact Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Medical Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Sub-Segments
Medical Electronics, Device Assemblies & Fittings
Medical Rings and Gaskets
Catheters
Medical Tubes
Miscellaneous Accessories
Medical Tapes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Sub-Segments
Drug Delivery
Component Hygiene
Personal Hygiene
Wound Care
Orthopedic Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
Prosthetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Sub-Segments
Limbs
Implants
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)

7. Global Medical Grade Silicone Market, By Region, 2017-2030 (US$ Million)

Introduction
- Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 - 2030
North America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Countries
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Region/Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Region/Country, 2017 - 2030
- Market Size and Forecast, By Product Type , 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Sub-Regions
Middle East
Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- 3M Company
Company Overview
Product Portfolio
Recent Developments/Updates
- Albright Technologies
Company Overview
Product Portfolio
Recent Developments/Updates
- Avantor, Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
- Elkem Silicone
Company Overview
Product Portfolio
Recent Developments/Updates
- Dow Corning
Company Overview
Product Portfolio
Recent Developments/Updates
- FMI LLC
Company Overview
Product Portfolio
Recent Developments/Updates
- Momentive Performance Materials
Company Overview
Product Portfolio
Recent Developments/Updates
- Nusil Technology LLC
Company Overview
Product Portfolio
Recent Developments/Updates
- Primasil Silicones Limited
Company Overview
Product Portfolio
Recent Developments/Updates
- Shin-Etsu Chemical Co. Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
- Wacker Chemie AG
Company Overview
Product Portfolio
Recent Developments/Updates
- Trelleborg AB
Company Overview
Product Portfolio
Recent Developments/Updates

9. Section

References
Research Methodology
About Us and Sales Contact
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Medical Grade Silicone Market by Product Type, by Application, and by Region, - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030