Medical Grade Silicone Market
Global Medical Grade Silicone Market Size, Share & Trends Analysis Report by Form (Gels, Medical Adhesives, Medical Coatings, and Elastomers) and by Application (Medical Devices, Medical Tapes, Oral Care, Prosthetics & Orthopedic, Contact Lenses, and Others) Forecast, 2021-2027 Update Available - Forecast 2024-2030
Silicones or polysiloxanes belong to the organosilicon compounds and owing to their unique properties, they are used in numerous pharmaceutical applications. Silicones play the role of the active substance as well as excipients for the internal use, whereas, enact as excipients for the external uses. The global medical grade silicone market is projected to grow at a modest CAGR of 6.0% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the wide range of properties possessed by medical grade silicones. Properties possessed by silicone include good thermal stability, hydrophobicity, and chemical resistance.
Another major factor that drives the growth of the market includes the rising aging population, increased number of transplants, and implanting of devices in the body along with the improving healthcare infrastructure are likely to drive the growth of the medical grade silicone over the forecast period. Further, the rise in the prevalence of orthopedic conditions such as degenerative bone disease and an increasing number of road accidents are some other factors that demand for the proper implantable devices which in turn is driving the industry growth. However, the availability of other alternatives might challenge the growth of the market over the forecast period.
Segmental Outlook
The global medical grade silicone market is segmented on the basis of form and application. Based on the form, the market is segmented as gels, medical adhesives, medical coatings, and elastomers. The gels segment is estimated to hold a lucrative share in the market. Based on the application, the market is segmented as medical devices, medical tapes, oral care, prosthetics & orthopedic, contact lenses, and others. The medical devices segment is estimated to hold a lucrative share in the market.
Medical Devices Segment to Hold a Substantial Market Share
Amongst the application segment of the market, the medical devices segment is likely to hold the most substantial share in the market over the forecast period. The uses for silicone rubber molding in short-term and long-term medical devices have witnessed an upsurge over the past few years owing to their properties. This material is biocompatible, making it ideal for implantable devices with critical functions such as defibrillators, heart pumps, and surgical reconstructive components. Hence, silicone is well-positioned to meet the ever-demanding material requirements of device manufacturers. Thus, this drives the segmental growth of the market over the forecast period.
Besides, the key contributions by the key players also support the segmental growth of the market over the forecast period. In November 2016, Dow Corning Corp. introduced the novel Dow Corning MG 7-1010 Soft Skin Adhesive, the strongest silicone soft skin adhesive for wearable medical devices. It is a strong, durable adhesive that is suitable for sensitive skin. This new product launch expanded the extensive portfolio of silicone-based adhesives of Dow Corning Corp. Thus, such activities by the key players are likely to further support the growth of the segment in the global medical grade silicones market over the forecast period.
Global Medical Grade Silicone Market, by Applications 2020 (%)
Regional Outlook
The global medical grade silicone market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the medical grade silicone market in the region. The regional growth of the market is accredited to the improving healthcare expenditure of the key economies in the country such as India and China. Besides, the rising participation of the private sector in the manufacturing and distribution of medical supplies, equipment, and pharmaceuticals in order to enhance healthcare services, infrastructure, and offer high-quality treatment in the key economies of the region. Further, the North American region is also estimated to witness a significant value for the market, attributing to the presence of key players along with the rapid growth of the healthcare industry in the region.
Global Medical Grade Silicone Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global medical grade silicone market include 3M Co., DOW Corning Corp., Henkel AG & Co. KGaA, Royal DSM NV, Momentive Performance Materials Inc., Saint-Gobain Performance Plastics, and Wacker Chemie AG among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical grade silicone market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. 3M Co.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. DOW Corning Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Henkel AG & Co. KGaA
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Royal DSM NV
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Medical Grade Silicone Market by Form
5.1.1. Gels
5.1.2. Medical Adhesives
5.1.3. Medical Coatings
5.1.4. Elastomers
5.2. Global Medical Grade Silicone Market by Application
5.2.1. Medical Devices
5.2.2. Medical Tapes
5.2.3. Oral Care
5.2.4. Prosthetics & Orthopedic
5.2.5. Contact Lenses
5.2.6. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Bluestar Silicones (Elkem Group)
7.2. Finesse Medical Ltd.
7.3. Kibaru Manufacturing Sdn Bhd
7.4. Momentive Performance Materials Inc.
7.5. Nusil Technology LLC
7.6. Primasil Silicones Ltd.
7.7. Saint-Gobain Performance Plastics
7.8. Shenzhen Kanglibang Science and Technology Co., Ltd.
7.9. Shin-Etsu Chemical Co. Ltd.
7.10. Simtec Silicone Parts
7.11. Specialty Silicone Fabricators, Inc.
7.12. Stockwell Elastomeric Inc.
7.13. Trelleborg AB
7.14. Vesta Inc.
7.15. Wacker Chemie AG
7.16. Wynca Group
1. GLOBAL MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
2. GLOBAL GELS MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL MEDICAL ADHESIVES MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL MEDICAL COATINGS MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL ELASTOMERS MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
7. GLOBAL MEDICAL GRADE SILICONE FOR MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL MEDICAL GRADE SILICONE FOR MEDICAL TAPES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL MEDICAL GRADE SILICONE FOR ORAL CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL MEDICAL GRADE SILICONE FOR PROSTHETICS & ORTHOPEDICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL MEDICAL GRADE SILICONE FOR CONTACT LENSES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL MEDICAL GRADE SILICONE FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
16. NORTH AMERICAN MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
17. EUROPEAN MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
19. EUROPEAN MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
23. REST OF THE WORLD MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
24. REST OF THE WORLD MEDICAL GRADE SILICONE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
1. GLOBAL MEDICAL GRADE SILICONE MARKET SHARE BY FORM, 2020 VS 2027 (%)
2. GLOBAL MEDICAL GRADE SILICONE MARKET SHARE BY APPLICATIONS, 2020 VS 2027 (%)
3. GLOBAL MEDICAL GRADE SILICONE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
4. US MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
5. CANADA MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
6. UK MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
7. FRANCE MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
8. GERMANY MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
9. ITALY MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
10. SPAIN MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
11. ROE MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
12. INDIA MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
14. JAPAN MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
15. ASEAN MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
16. SOUTH KOREA MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF ASIA-PACIFIC MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF THE WORLD MEDICAL GRADE SILICONE MARKET SIZE, 2020-2027 ($ MILLION)
