North America 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 (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Market Analysis and Insights: North America Medical Grade Silicone Market
North America medical grade silicone market will reach an estimated to register growth at a rate of 5.54% for the forecast period of 2020 to 2027.
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 or others because of its superior quality of low toxicity, heat resistance, and flexibility is the major factor propelling demand for market.
Moreover rising geriatric population, and rising demand of cosmetic and plastic surgeries industry will fuel market growth whereas growing incidence of cardiovascular disorders, rising prevalence of osteoporosis and rising demand for minimal invasive treatment will boost market growth in coming years. In addition technological advancement like CAD/CAM dentistry for enhancing dental restoration will create lucrative opportunities for market. However strict regulatory policies and fluctuating price of raw materials are restraining factor for market whereas rising preference towards thermoplastic elastomers is likely to create challenge for medical grade silicone market.
This North America 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 Data Bridge Market Research North America medical grade silicone market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Medical Grade Silicone Market Scope and Market Size
North America 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 markets.
- 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 APIs, excepients, foams, emulsions and dispersions, among others.
- 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. And others is further sub-segmented into drugs, topical gels, oral care products and surgical drapes, among others.
North America Medical Grade Silicone Market Country Level Analysis
North America 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 market report are U.S., Canada and Mexico in North America.
The U.S. is expected to dominate North America medical grade silicone market share due to high pace in technological advancement in region and rising prevalence of chronic diseases. Moreover increasing government initiatives to improve healthcare infrastructure will boost region market growth. In addition increasing geriatric population, rising awareness about product and high disposable income will fuel region market growth.
The country section of the 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 North America Medical Grade Silicone Market Share Analysis
North America 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 North America medical grade silicone market.
The major players covered in the North America medical grade silicone market report 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 among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.