HOME Top Market Reports Medical Grade Silicone Market by Product Form (Gels, Medical Adhesives, Medical Coatings, Elastomers), Application (Prosthetics & Orthopedic, Medical Devices, Medical Tapes, Contact Lenses), and Region - Global Forecast to 2022

Medical Grade Silicone Market by Product Form (Gels, Medical Adhesives, Medical Coatings, Elastomers), Application (Prosthetics & Orthopedic, Medical Devices, Medical Tapes, Contact Lenses), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: AD 4478

 

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The medical grade silicone market is expected to grow from USD 1.10 Billion in 2016 and reach USD 1.60 Billion by 2022, at a CAGR of 6.1% between 2017 and 2022. The main objective of the study is to define, describe, and forecast the medical grade silicone market based on product form and application. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In the report, the market size is projected for segments, in terms of value and volume, with respect to five major regions (along with the countries), namely, North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Objectives of the Study:

  • To define, describe, and forecast the medical grade silicone market based on form, application, and region
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Note1: Micromarkets are the subsegments of the medical grade silicone market included in the report.
Note2: Core competencies of companies are determined in terms of their key developments and key strategies adopted by them to sustain in the market.

The top-down and bottom-up both approaches have been used to estimate and validate the size of the global medical grade silicone market and to estimate the size of various other dependent submarkets. The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Bloomberg Businessweek, American Medical Association, World Medical Association, and articles from recognized authors to identify and collect information useful for a technical, market-oriented, and commercial study of the medical grade silicone market.

Medical Grade Silicone Market

To know about the assumptions considered for the study, download the pdf brochure

Major Players:

  • Dow Corning Corporation (US)
  • Wacker Chemie AG (Germany)
  • 3M Company (US)
  • Shin-Etsu Chemical Co. Ltd. (Japan)
  • Bluestar Silicones (France)
  • NuSil Technology LLC (US)
  • Henkel AG & Co. (Germany)
  • Momentive Performance Materials Inc. (US)
  • Specialty Silicone Fabricators, Inc. (US)
  • Zodiac Coating (Germany)

Key Target Audience:

  • Medical Grade Silicone Manufacturers
  • Medical Grade Silicone Traders, Distributors, and Suppliers
  • Medical Grade Silicone Formulators and Compounders
  • Raw Material Suppliers
  • Government and Research Organizations
  • FDA Regulatory Bodies
  • Center for Devices and Radiological Health (CDRH) Regulatory Bodies
  • Environment and Safety Evaluation Regulatory Bodies

“This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments”.

Scope of the Report:

This research report categorizes the medical grade silicone market based on type, application, and region.

Based on Type:

  • Gels (Unreinforced Silicone Elastomers)
  • Medical Adhesives
  • Medical Coatings
  • Liquid Silicone Rubbers (LSR)
  • Others (APIs, Excipients, Foams, Emulsions, Dispersions)

Based on Application:

  • Prosthetics (Limbs & Implants)
  • Orthopedic Components
  • Medical Devices
  • Medical Tapes
  • Others (Drugs, Topical Gels, Oral Care Products, Surgical Drapes)

Based on Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America
  • The market is further analyzed for the key countries in each of these regions.

Major Players:

  • Dow Corning Corporation (US)
  • Wacker Chemie AG (Germany)
  • 3M Company (US)
  • Shin-Etsu Chemical Co. Ltd. (Japan)
  • Bluestar Silicones (France)
  • NuSil Technology LLC (US)
  • Henkel AG & Co. (Germany)
  • Momentive Performance Materials Inc. (US)
  • Specialty Silicone Fabricators, Inc. (US)
  • Zodiac Coating (Germany)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the medical grade silicone market, by application.

Company Information:

  • Detailed analysis and profiles of additional market players.

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
           1.3.2 Currency
    1.4 Research Limitations
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in Medical Grade Silicone Market
    4.2 Medical Grade Silicone Market, By Form
    4.3 Medical Grade Silicone Market in Asia-Pacific, By Application and Country
    4.4 Medical Grade Silicone Market, By Application and Region
    4.5 Medical Grade Silicone Market, By Region

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Growth in Implantable Device Market
           5.2.2 Restraints
                    5.2.2.1 Stringent Regulatory Policies and Time-Consuming Approval Process
                    5.2.2.2 Variations in Regulations Across Countries
                    5.2.2.3 Increasing Raw Material Prices
           5.2.3 Opportunities
                    5.2.3.1 Growing Healthcare Market in Emerging Countries
           5.2.4 Challenges
                    5.2.4.1 Need for Providing Products at Affordable Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of New Entrants
           5.3.4 Threat of Substitutes
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview and Key Trends
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Trends of Healthcare Industry

6 Medical Grade Silicone Market, By Form (Page No. - 44)
    6.1 Introduction
    6.2 Gels
           6.2.1 Soft Skin Adhesives (SSAS)
    6.3 Medical Adhesives
           6.3.1 Pressure Sensitive Adhesives (PSAS)
    6.4 Medical Coatings
           6.4.1 Hydrophilic
           6.4.2 Hydrophobic
    6.5 Elastomers
           6.5.1 Liquid Silicone Rubber (LSR)
           6.5.2 High Consistency Rubber (HCR)
    6.6 Others (Apis, Excipients, Foams, Emulsions, Dispersions, and Others)

7 Medical Grade Silicone Market, By Application (Page No. - 50)
    7.1 Introduction
    7.2 Prosthetics
           7.2.1 Limbs
           7.2.2 Implants
                    7.2.2.1 Breast Implants
                    7.2.2.2 Testicular Implants
    7.3 Orthopedic Components
    7.4 Medical Devices
           7.4.1 Medical Electronics, Device Assemblies & Fittings
           7.4.2 Medical Tubes
           7.4.3 Medical Rings and Gaskets
           7.4.4 Catheters
           7.4.5 Miscellaneous Accessories (Masks, Bottles, Trays, and Others)
    7.5 Medical Tapes
           7.5.1 Wound Care
           7.5.2 Drug Delivery
           7.5.3 Personal Hygiene
           7.5.4 Component Joining
    7.6 Contact Lenses
    7.7 Others
           7.7.1 Topical Gels
           7.7.2 Surgical Drapes
           7.7.3 Oral Care Products

8 Medical Grade Silicone, By Region (Page No. - 57)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Asia-Pacific
           8.3.1 China
           8.3.2 India
           8.3.3 Japan
           8.3.4 South Korea
           8.3.5 Malaysia
           8.3.6 Australia & New Zealand
           8.3.7 Rest of Asia-Pacific
    8.4 Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 Italy
           8.4.4 U.K.
           8.4.5 Spain
           8.4.6 Russia
           8.4.7 Rest of Europe
    8.5 South America
           8.5.1 Brazil
           8.5.2 Argentina
           8.5.3 Rest of South America
    8.6 Middle East & Africa
           8.6.1 Saudi Arabia
           8.6.2 UAE
           8.6.3 Turkey
           8.6.4 South Africa
           8.6.5 Rest of Middle East & Africa

9 Competitive Landscape (Page No. - 102)
    9.1 Introduction
    9.2 Competitive Leadership Mapping
           9.2.1 Visionary Leaders
           9.2.2 Innovators
           9.2.3 Dynamic Differentiators
           9.2.4 Emerging Companies
    9.3 Competitive Benchmarking
           9.3.1 Strength of Product Portfolio (25 Players)
           9.3.2 Business Strategy Excellence (25 Players)
    9.4 Market Share Analysis

10 Company Profiles (Page No. - 107)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     10.1 DOW Corning Corporation
     10.2 Wacker Chemie AG
     10.3 3M Company
     10.4 Shin-Etsu Chemical Co. Ltd.
     10.5 Bluestar Silicones (Elkem Group)
     10.6 Nusil Technology LLC
     10.7 Henkel AG & Co.
     10.8 Momentive Performance Materials Inc.
     10.9 Specialty Silicone Fabricators, Inc.
     10.10 Zodiac Coating
     10.11 Royal DSM
     10.12 Wynca Group
     10.13 Primasil Silicones Limited
     10.14 Other Market Players
             10.14.1 Donatelle
             10.14.2 Kibaru Manufacturing Sdn Bhd
             10.14.3 Albright Technologies
             10.14.4 FMI LLC
             10.14.5 Vesta Inc.
             10.14.6 Simtec Silicone Parts
             10.14.7 Shenzhen Kanglibang Science and Technology Co., Ltd.
             10.14.8 Finesse Medical Ltd.
             10.14.9 Polymer Science, Inc.
             10.14.10 Bioplexus
             10.14.11 Saint-Gobain Performance Plastics
             10.14.12 Stockwell Elastomerics Inc.

*Details Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 143)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (89 Tables)

Table 1 Trends and Forecast of GDP, USD Billion (2016–2022)
Table 2 Population Age 65 and Above (% ) (2012–2016)
Table 3 Healthcare Expenditure (Percentage of GDP), 2011–2014
Table 4 Medical Grade Silicone Market Size, By Form, 2015–2022 (Ton)
Table 5 Medical Grade Silicone Market Size, By Form, 2015–2022 (USD Million)
Table 6 Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 7 Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 8 Medical Grade Silicone Market Size, By Region, 2015–2022 (Ton)
Table 9 Medical Grade Silicone Market Size, By Region, 2015–2022 (USD Million)
Table 10 North America: Medical Grade Silicone Market Size, By Country, 2015–2022 (Ton)
Table 11 North America: Medical Grade Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 12 North America: Medical Grade Silicone Market Size, By Form, 2015–2022 (Ton)
Table 13 North America: Medical Grade Silicone Market Size, By Product Form, 2015–2022 (USD Million)
Table 14 North America: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 15 North America: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 16 U.S.: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 17 U.S.: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 18 Canada: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 19 Canada: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 20 Mexico: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 21 Mexico: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 22 Asia-Pacific: Medical Grade Silicones Market Size, By Country, 2015–2022 (Ton)
Table 23 Asia-Pacific: Medical Grade Silicones Market Size, By Country, 2015–2022 (USD Million)
Table 24 Asia-Pacific: Medical Grade Silicones Market Size, By Form, 2015–2022 (Ton)
Table 25 Asia-Pacific: Medical Grade Silicones Market Size, By Form, 2015–2022 (USD Million)
Table 26 Asia-Pacific: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 27 Asia-Pacific: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 28 China: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 29 China: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 30 India: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 31 India: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 32 Japan: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 33 Japan: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 34 South Korea: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 35 South Korea: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 36 Malaysia: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 37 Malaysia: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 38 Australia & New Zealand: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 39 Australia & New Zealand: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 40 Rest of Asia-Pacific: Medical Grade Silicones Market Size, By Application, 2015–2022 (Ton)
Table 41 Rest of Asia-Pacific: Medical Grade Silicones Market Size, By Application, 2015–2022 (USD Million)
Table 42 Europe: Medical Grade Silicone Market Size, By Country, 2015–2022 (Ton)
Table 43 Europe: Medical Grade Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 44 Europe: Medical Grade Silicone Market Size, By Form, 2015–2022 (Ton)
Table 45 Europe: Medical Grade Silicone Market Size, By Form, 2015–2022 (USD Million)
Table 46 Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 47 Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 48 Germany: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 49 Germany: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 50 France: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 51 France: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 52 Italy: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 53 Italy: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 54 U.K.: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 55 U.K.: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 56 Spain: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 57 Spain: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 58 Russia: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 59 Russia: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 60 Rest 0f Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 61 Rest 0f Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 62 South America: Medical Grade Silicone Market Size, By Country, 2015–2022 (Ton)
Table 63 South America: Medical Grade Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 64 South America: Medical Grade Silicone Market Size, By Form, 2015–2022 (Ton)
Table 65 South America: Medical Grade Silicone Market Size, By Form, 2015–2022 (USD Million)
Table 66 South America: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 67 South America: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 68 Brazil: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 69 Brazil: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 70 Argentina: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 71 Argentina: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 72 Rest of South America: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 73 Rest of South America: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 74 Middle East & Africa: Medical Grade Silicone Market Size, By Country, 2015–2022 (Ton)
Table 75 Middle East & Africa: Medical Grade Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 76 Middle East & Africa: Medical Grade Silicone Market Size, By Form, 2015–2022 (Ton)
Table 77 Middle East & Africa: Medical Grade Silicone Market Size, By Form, 2015–2022 (USD Million)
Table 78 Middle East & Africa: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 79 Middle East & Africa: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 80 Saudi Arabia: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 81 Saudi Arabia: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 82 UAE: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 83 UAE: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 84 Turkey: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 85 Turkey: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 86 South Africa: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 87 South Africa: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 88 Rest of Middle-East and Africa: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 89 Rest of Middle-East and Africa: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)


List of Figures (30 Figures)

Figure 1 Medical Grade Silicone Market Segmentation
Figure 2 Medical Grade Silicone Market: Research Methodology
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Medical Grade Silicone Data Triangulation
Figure 6 Prosthetics & Orthopedic to Account for the Largest Market Share Between 2017 and 2022
Figure 7 Silicone Adhesives to Be the Fastest-Growing Form Segment in Medical Grade Silicone Market Between 2017 and 2022
Figure 8 North America Accounted for the Largest Share in Medical Grade Silicone Market in 2016
Figure 9 U.S. to Dominate Medical Grade Silicone Market, 2017–2022
Figure 10 Medical Grade Silicone Market to Witness Rapid Growth Between 2017 and 2022
Figure 11 Medical Adhesives to Register the Highest CAGR During the Forecast Period
Figure 12 China Accounted for the Largest Market Share in 2016
Figure 13 Prosthetics & Orthopedics Accounted for the Largest Market Share in 2016
Figure 14 Asia-Pacific to Be the Fastest-Growing Medical Grade Silicone Market Between 2017 and 2022
Figure 15 Drivers, Restraints, Opportunities, and Challenges in Medical Grade Silicone Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 Gels are the Most Widely Used Silicone Form in the Medical Industry
Figure 18 Medical Devices is Projected to Register the Highest CAGR Between 2017 and 2022
Figure 19 U.S. is the Largest Medical Grade Silicone Market in North America
Figure 20 India is the Fastest-Growing Medical Grade Silicone Market in Asia-Pacific
Figure 21 Medical Grade Silicone Market: Regional Snapshot (2016)
Figure 22 Medical Grade Silicone Market (Global) Competitive Leadership Mapping, 2016
Figure 23 Market Share of Key Players, 2016
Figure 24 DOW Corning Corporation: Company Snapshot
Figure 25 Wacker Chemie AG: Company Snapshot
Figure 26 3M Company: Company Snapshot
Figure 27 Shin-Etsu Chemical Co. Ltd.: Company Snapshot
Figure 28 Henkel AG & Co.: Company Snapshot
Figure 29 Momentive Performance Materials Inc.: Company Snapshot
Figure 30 Royal DSM: Company Snapshot

The market size of medical grade silicone, in terms of value, is expected to reach USD 1.60 Billion by 2022, at a CAGR of 6.1%, between 2017 and 2022. High-growth application areas such as prosthetics & orthopedic and rapid growth of the global healthcare industry are the key factors driving the growth of the medical grade silicone market.

Medical grade silicones are extremely adaptable to changes in terms of application, property, and state. They can be manufactured with preferred properties, such as rigid solid form to low viscosity liquid form by altering the chain length and chemical structure. Silicone gel is increasingly being used in the healthcare industry in medical applications, ranging from very soft gels for prosthetic and implant applications, to very sticky gels for topical and transdermal wound care applications. Silicone gels are used to help prevent scars in freshly healed wounds and also reduce prominent immature scars.

The medical grade silicone market has been segmented based on different applications such as prosthetics & orthopedic, medical tapes, medical electronics and device assemblies & fittings, medical tubes, catheters, medical accessories & tools, dental, and others. Prosthetics & orthopedic are the largest and fastest-growing application segments for medical grade silicone market. Medical grade silicones are used to manufacture prosthetics due to their physical properties of chemical inertness, thermal & dimensional stability, elasticity, flexibility, and skin-like texture. Medical grade silicone elastomers have been broadly used in the replacement of ailing small joints and other orthopedic components. The first orthopedic medical grade silicone were hand and foot implants.

Asia Pacific is the fastest-growing market medical grade silicone. The developing economies in the region with rapidly growing infrastructure create great opportunity for growth of the medical grade silicone market. China and India are among the fastest-growing economies in the world. Additionally, India is projected to overtake China with the highest growth rate, thus driving the global economy. With such growth rate in these countries, the manufacturing sector is also estimated to record a leap, ultimately boosting the medical grade silicone market. The factors driving the growth of the market in Asia Pacific include Japan’s growing medical industry, increasing aged population, rising number of cosmetic & plastic surgeries in India, growing number of cardiovascular diseases, higher domestic demand, and availability of raw materials and low-cost. The market in Asia Pacific, owing to the high demand, is much more dynamic and competitive than its western counterparts. These factors are expected to drive the demand for medical grade silicones in Asia Pacific.

Medical Grade Silicone Market

Although the medical grade silicone market is growing at a significant rate, certain factors could hinder the market growth. The governmental measures to control healthcare cost and lack of investment in product development are restricting the growth of the market to some extent. Stringent and time-consuming regulatory policies are the major challenges for the market.

Companies such as Dow Corning (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive (US), Bluestar Silicones (France), and 3M Company (US) are the front-runners in the global medical grade silicone market. They have strengthened their market position through diverse product portfolios, strategically positioned R&D centers, consistent strategic development activities, and technological advancements. They have been adopting various organic and inorganic growth strategies, such as expansions, agreements & joint ventures, and new product launches & developments to increase their market share.

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