Well-established Chemical Sector to Create Scope for Europe Medical Grade Silicone Market Growth

The European Medical Grade Silicone market is anticipated to grow significantly at a CAGR of 5.7% over the forecast period (2021-2027). The UK, Germany, France, Italy, Spain, and the Rest of Europe are the key economies that contribute to the growth of the European Medical Grade Silicone market over the forecast period. The key aspect that drives the growth of the European Medical Grade Silicone market includes the well-established chemical sector across the region. As per the European Chemical Industry Council (CEFIC), Europe is the second-largest producer of chemicals across the globe. Thus, the rising chemical industry is expected to provide ample opportunities and in turn, enhance the growth of the market in the region.

Browse the full report description European 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 at https://www.omrglobal.com/industry-reports/europe-medical-grade-silicone-market

Further, the rising prevalence of CVDs also creates scope for market growth over the forecast period. European regions including UK, Spain, Germany, France, Italy, Sweden, and other EU countries have a huge pool of CVD patients that creates scope for the growth of the market. Due to the massive population of CVD, CHD, stroke, and the rise in the adoption of drugs as well as substantial implantable devices, the market is projected to grow considerably during the forecast period across the region. The region also has a quality healthcare system coupled with cohesive government policies, that are driving the market in the region. Hence, a well-established healthcare sector is also likely to considerably support the market growth.

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Form and Application
• Region Covered- Europe
• Competitive Landscape- 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

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European Medical Grade Silicone Market – Segmentation

By Form

• Gels
• Medical Adhesives
• Medical Coatings
• Elastomers

By Application

• Medical Devices
• Medical Tapes
• Oral Care
• Prosthetics & Orthopedic
• Contact Lenses
• Others

European Medical Grade Silicone Market – Countries Covered

Europe           

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe