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 2029.
Market Analysis and Insights North America Medical Grade Silicone Market
The medical grade silicone market is expected to witness market growth at a rate of 6.04% in the forecast period of 2022 to 2029. Data Bridge Market Research report on medical grade silicone market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need for minimally invasive treatment is escalating the growth of medical grade silicone market.
Medical grade silicone is known to be a biocompatible material that is utilized in medical devices to offer effective treatment. These are categorized as non-implantable or short-term implantable. Widespread usage of medical grade silicone in the manufacture of medical devices including drains, feeding tubes, catheters, medical electronic devices and so forth.
Major factors that are expected to boost the growth of the medical grade silicone market in the forecast period are the superior quality of low toxicity, heat resistance, and flexibility. Furthermore, growing geriatric population and rise in the need for cosmetic and plastic surgeries is further anticipated to propel the growth of the medical grade silicone market. Moreover, the growing prevalence of cardiovascular disorders, increase in the incidence of osteoporosis is further estimated to cushion the growth of the medical grade silicone market. On the other hand, stringent regulatory policies and variations in the raw material prices are further projected to impede the growth of the medical grade silicone market in the timeline period.
In addition, technological improvements including CAD/CAM dentistry for improving dental restoration will further provide potential opportunities for the growth of the medical grade silicone market in the coming years. However, the growing inclination for thermoplastic elastomers might further challenge the growth of the medical grade silicone market in the near future.
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 localized 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.
North America 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 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.
Medical Grade Silicone Market Country Level Analysis
The medical grade silicone market is analyzed 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 the U.S., Canada and Mexico in North America.
U.S. dominates the medical grade silicone market due to increase in the pace in technological development. Furthermore, the growing incidence of chronic diseases will further boost the growth of the medical grade silicone market during the forecast period.
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 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 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 others.
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