Medical Grade Silicone Market : Detailed Segmentation and Forecast 2027
The Global Medical Grade Silicone Market is mainly driven by the growing demand for medical devices made from non-flammable, safe substances that will not interfere with the medication being prescribed to the respective patient. Medical grade silicone is a highly malleable, plastic material that can be molded into almost any shape, making it perfect for applications such as feeding and catheter tubes, drains, etc. Medical grade silicone is also highly unreactive to chemicals such as strong acids and bases, making it important for use in medical devices, where contact with fairly strong chemicals is par for the course. The growing healthcare sector in a number of countries across the world is thus likely to be a major driver for the global medical grade silicon market over the forecast period. As the healthcare sector has grown, the demand for various medical devices and accessories has grown tremendously. This is likely to remain a major driver for the global medical grade silicone market over the forecast period.
Medical grade silicone is also
widely used in medical implants and prosthetics. This is also likely to be a
key driver for the global medical grade silicone market over the forecast
period, as the growing geriatric population is likely to push the demand for
medical implants and prosthetics in the coming years. Growing demand for
medical grade silicone in prosthetics and orthopaedics is likely to be a major
driver for the global medical grade silicone market. The increasing technological development in
the dentistry sector is also likely to drive the demand for substances such as
medical grade silicones, which are effective ingredients in medical tapes and
adhesives used in attaching crowns and other dental prosthetics. The field of
dental prosthetics is likely to be highly profitable for the global medical
grade silicone market, as the demand for dentistry procedures is likely to
increase in the coming years due to the growing awareness among the end users.
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Competitive Analysis:
Leading players in the global
medical grade silicones market include Primasil Silicones Ltd., Applied
Silicone Corporation, Polymer Science Inc., Henkel AG & Co. KGaA, Nusil
Technology LLC, Shin-Etsu Chemical Co. Ltd., Trelleborg AB, Zodiac Coating SAS,
Momentive, DSM N.V., Saint-Gobain Performance Plastics, and 3M. Leading players
in the global medical grade silicone market are likely to focus on capacity
expansion in the coming years, as there is significant scope for an increase in
the demand from the market.
Market Opportunity:
Recently, the demand for
menstruation cups made from medical grade silicone has increased from the
female demographic, as they can be easily cleaned and reused. The women’s
health sector is likely to remain a key segment for the global medical grade
silicone market, as the growing emancipation of women across the world has made
them financially self-sustained entities who are spending increasing amounts on
cosmetic and personal care items.
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.
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Regional Analysis:
North America is likely to remain
the leading revenue generator in the global medical silicones market, as there
are a significant number of medical grade silicone producers in North America.
This has led to easy, widespread circulation of medical grade silicone products
in the region, which is likely to remain a key driver for the market over the
forecast period.
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