Asia-Pacific Medical Grade Silicone Market, By Type (Gels (Unreinforced Silicone Elastomers), Medical Adhesives, Medical Coatings, Liquid Silicone Rubbers (LSR) and Others), Application (Prosthetics, Orthopedic Components, Medical Devices, Medical Tapes, Contact Lenses and Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2029.
Market Analysis and Insights Asia-Pacific Medical Grade Silicone Market
Data Bridge Market Research analyses that the medical grade silicone market will witness a CAGR of 6.71% for the forecast period of 2022-2029.
Medical grade silicone can be defined as biocompatible material which is used in medical devices for effective treatment capability. These can be categorised into non implantable, short term implantable. Extensive usage of medical grade silicone for production of medical devices like drains, feeding tubes, catheters, medical electronic devices.
The superior quality, low toxicity, heat resistance, and flexibility are the major factors accelerating the growth of the medical grade silicone market. Furthermore, rising demand of cosmetic and plastic surgeries industry, growing incidence of cardiovascular disorders, rising prevalence of osteoporosis and rising demand for minimal invasive treatment are also expected to drive the growth of the medical grade silicone market. However, strict regulatory policies and fluctuating price of raw materials restrains the medical grade silicone market, whereas, rising preference towards thermoplastic elastomers concerns will challenge market growth.
In addition, technological advancement like computer-aided design /computer-aided manufacturing dentistry for enhancing dental restoration will create ample opportunities for the medical grade silicone market.
This medical grade silicone market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on medical grade silicone market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Medical Grade Silicone Market Scope and Market Size
The medical grade silicone market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the medical grade silicone market is segmented into gels (unreinforced silicone elastomers), medical adhesives, medical coatings, liquid silicone rubbers (LSR) and others. Others is further sub-segmented into excepients, foams, emulsions and dispersions.
- On the basis of application, the medical grade silicone market is segmented into prosthetics, orthopedic components, medical devices, medical tapes, contact lenses and others. Prosthetics is further sub-segmented into limbs and implants. Others segment is further sub-segmented into drugs, topical gels, oral care products and surgical drapes.
Medical Grade Silicone Market Country Level Analysis
The medical grade silicone market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the medical grade silicone market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.
India and China are the fastest growing economies where India is expected to overtake China market growth rate in coming years. The medical industry in Japan is rising due to high pace in technological advancement in region and increasing geriatric population.
The country section of the medical grade silicone market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Medical Grade Silicone Market Share Analysis
The medical grade silicone market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical grade silicone market.
Some of the major players operating in the medical grade silicone market are Dow, 3M, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., Avntor, Inc., Momentive, Trelleborg AB, PAUL HARTMANN AG, Wynca Group, STOCKWELL ELSTOMERIC, INC., Saint Gobain Performance Plastics, Apple Rubber Products, Simtec and Kibaru Manufacturing Sdn Bhd, Bakkafrost, Selonda SA, Stolt-Nielsen, Tassal, Thai Union Group PCL, and Nireus among others.