Market Overview-
Medical Grade Silicone is biocompatible, food grade, and non-toxic material, owning superior properties such as flexibility, resistance to heat & chemical reactivity. The material is approved by various health organizations such as one in America, CDRH (FDA Center for Devices and Radiological Health) to be used in a wide range of medical applications.
This Silicone is extensively used in the manufacturing of numerous medical devices and implants ranging from neurological, cardiovascular, urological, devices to ophthalmic & aesthetic implants to dummy organs, artificial limbs, breast, human skin, silicon robot, and so on. With such a wide application range that too in a burgeoning sector like medical & healthcare, it is needless to say that its market is well-established and growing pervasively.
Competitive Analysis-
3M (U.S.), Saint-Gobain Performance Plastics (France), Koninklijke DSM N.V. (Netherlands), Momentive (U.S.), Zodiac Coating SAS (France), Trelleborg AB (Sweden), Shin-Etsu Chemical Co., Ltd (Japan), Nusil Technology LLC (U.S.), Henkel AG & Co. KGaA (Germany), Polymer Science, Inc. (U.S.), Applied Silicone Corporation (U.S.), Primasil Silicones Ltd. (U.K)
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Global Medical Grade Silicone Market Competitive Landscape-
The Medical Grade Silicone market is fiercely competitive with several large and small players along with the new entrants forming a competitive landscape. Development of new product and technologies in the market are also expected to create substantial investment opportunities for the global players. Focused on improving their market performance, the market players are acquiring promising companies to expand in the fast-growing markets.
Industry/ Innovation/ Related News-
April 25, 2018 – Envision TEC (North America), a 3D-printing technology company introduced two – high-purity 3D-printing materials – liquid silicone rubber and biodegradable PCL polyester, appropriate to be used for implantable medical devices. These materials after fabrication of the parts on the company’s 3D-Bioplotter series printers can be implanted in humans.
Medical Grade Silicone Market Geographical Analysis
Globally, North America accounts for the dominating market for Medical Grade Silicone, holding the largest market share. Growing with the well-penetrated healthcare industry coupled with the presence of numerous matured manufacturers in the region the North America market is expected to continue with its dominance in the global market for Medical Grade Silicone during the forecast period.
Europe stands the second largest market for the Medical Grade Silicone, owing to the spurting healthcare industry in the region. Besides, the largest pharmaceutical space in the region coupled with the extensive use of medical grade silicone in surgeries and other medical procedures contribute to the regional market growth. Continuing with the same growth trends the region is expected to gain momentous accruals during the forecast period.
Whereas the Asia Pacific region accounts for the substantial market share, emerging as the fastest growing market in the Global Medical Grade Silicone Market.
Owing to the growing markets in some of the APAC countries like India, Japan, China and Australia, backed by the increasing demand for the products, the region is expected to register a phenomenal growth rate during the review period.
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Market Segmentation-
The global medical grade silicone market is segmented on the basis of the product, application, and region.
On the basis of the product, the global medical grade silicone market is segmented into elastomers, gels, medical adhesives, medical coatings, and others.
Based on the application, the global medical grade silicone market is segregated into medical devices, medical tapes, orthopedics, prosthetics, and contact lenses.
Intended Audience-
- Medical grade silicone Manufacturers
- Traders and distributors of medical grade silicone
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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