Medical Grade Silicone Market, by Product (Elastomers, Gels, Medical Adhesives, Medical Coatings, and Others), and by Application (Contact Lenses, Medical Devices, Medical Tapes, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Ana

Medical Grade Silicone Market, by Product (Elastomers, Gels, Medical Adhesives, Medical Coatings, and Others), and by Application (Contact Lenses, Medical Devices, Medical Tapes, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

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 wide scope of application as prosthetics, medical tapes, medical adhesives, and others.
Market Dynamics
Increasing prevalence of trauma injuries, osteoporosis, and cardiovascular diseases is a major factor driving 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.
Silicone is widely used in catheters, however, they pose a serious drawback due to their poor tear strength and poor resistance to fatigue, resulting in high failure rate associated with breast implants. Also, in September 2018, the Food and Drug Administration (FDA) received around 660 medical device reports (MDRs) for breast implant associated with anaplastic large cell lymphoma, where around 60% cases were caused due to silicone based breast implants.
Key features of the study:
This report provides in-depth analysis of the medical grade silicone market and provides market size (US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy 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, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as a part of this study include 3M Company, Albright Technologies, Elkem Silicone, Dow Corning, FMI LLC, Momentive, Nusil Technology LLC, Primasil Silicones Limited, Shin-Etsu Chemical Co. Ltd., and Wacker Chemie AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their 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, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the 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
Others
Global Medical Grade Silicone Market, By Geography:
North America
By Product Type:
Elastomers
High Consistency Rubber
Liquid Silicone Rubber
Gels
Soft Skin Adhesives
Medical Adhesives
Pressure Sensitive Adhesives
Medical Coatings
Hydrophobic
Hydrophilic
Others
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
Others
By Country:
U.S.
Canada
Latin America
By Product Type:
Elastomers
High Consistency Rubber
Liquid Silicone Rubber
Gels
Soft Skin Adhesives
Medical Adhesives
Pressure Sensitive Adhesives
Medical Coatings
Hydrophobic
Hydrophilic
Others
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
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Elastomers
High Consistency Rubber
Liquid Silicone Rubber
Gels
Soft Skin Adhesives
Medical Adhesives
Pressure Sensitive Adhesives
Medical Coatings
Hydrophobic
Hydrophilic
Others
By Application:
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
Others
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Elastomers
High Consistency Rubber
Liquid Silicone Rubber
Gels
Soft Skin Adhesives
Medical Adhesives
Pressure Sensitive Adhesives
Medical Coatings
Hydrophobic
Hydrophilic
Others
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
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type:
Elastomers
High Consistency Rubber
Liquid Silicone Rubber
Gels
Soft Skin Adhesives
Medical Adhesives
Pressure Sensitive Adhesives
Medical Coatings
Hydrophobic
Hydrophilic
Others
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
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Elastomers
High Consistency Rubber
Liquid Silicone Rubber
Gels
Soft Skin Adhesives
Medical Adhesives
Pressure Sensitive Adhesives
Medical Coatings
Hydrophobic
Hydrophilic
Others
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
Others
By Country:
South Africa
Central Africa
North Africa
Company Profiles
3M Company*
Company Overview
Product Portfolio
Financial Performance
Key Highlights
Market Strategies
Albright Technologies
Elkem Silicone
Dow Corning
FMI LLC
Momentive
Nusil Technology LLC
Primasil Silicones Limited
Shin-Etsu Chemical Co. Ltd.
Wacker Chemie AG
“*” marked represents similar segmentation in other categories in the respective section.