The North American medical grade silicone market is projected to grow at a modest CAGR of 5.9% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising demand for medical implantable devices owing to the rising chronic cardiovascular diseases across the region. The increasing number of aging populations, high healthcare spending, along with the rising prevalence of cardiovascular diseases are some of the factors that demand for implantable devices, which, in turn, enhances the growth of the market over the forecast period. Besides, various properties offered by the medical grade silicone are also likely to enhance its adoption, which drives the growth of the North American medical grade silicone market over the forecast period.

The North American 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. Based on the geography, the North American medical grade silicone market into the US and Canada. The US is estimated to hold a lucrative share in the market.

Further, 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 are some of the prominent players functioning in the North American medical grade silicone market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

RESEARCH METHODOLOGY

The market study of the North American medical grade silicone market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for medical grade silicone companies, medical devices companies, resin manufacturers, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North American Medical Grade Silicone Market Research and Analysis by Form
2. North American Medical Grade Silicone Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the North American medical grade silicone market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American medical grade silicone market.
• Insights about market determinants which are stimulating the North American medical grade silicone market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.