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Global Medical Grade Silicone Market Size study, By Product (Elastomers, Gels, Medical Adhesives, Medical Coatings, Foams, Others), By Application (Prosthetics, Orthopedic Components, Contact Lenses, Medical Tapes, Oral Care Products, Others), and Regiona

Publisher Bizwit Research & Consulting
Published Jan 11, 2025
Length 285 Pages
SKU # BIZW19502756

Description

Global Medical Grade Silicone Market Size study, By Product (Elastomers, Gels, Medical Adhesives, Medical Coatings, Foams, Others), By Application (Prosthetics, Orthopedic Components, Contact Lenses, Medical Tapes, Oral Care Products, Others), and Regional Forecasts 2022-2032


The Global Medical Grade Silicone Market is valued at approximately USD 560.24 million in 2023 and is projected to grow at a CAGR of 7.4% over the forecast period 2024-2032. Medical-grade silicone is a highly specialized material characterized by exceptional biocompatibility, thermal stability, and flexibility, making it integral to the development of innovative medical solutions. Its applications span diverse areas, including prosthetics, orthopedic components, contact lenses, and advanced medical devices. The market's growth trajectory is propelled by several macroeconomic and sectoral dynamics, including increasing healthcare expenditures globally, the rising prevalence of chronic conditions, and advancements in healthcare infrastructure across emerging economies.

The increasing demand for advanced prosthetics and orthopedic components stands out as a significant market driver. With a rapidly aging global population and rising incidences of limb loss due to chronic conditions or accidents, there is a heightened need for innovative and functional prosthetics that enhance patient mobility and quality of life. Medical-grade silicone, with its ability to mimic the properties of human tissue, plays a pivotal role in fulfilling this demand. For instance, advancements in silicone technology have enabled the creation of prosthetic limbs that offer superior comfort, durability, and performance, further cementing its importance in the healthcare sector.

Moreover, the market benefits significantly from government support and investments in healthcare innovation. Increased funding toward research and development (R&D) of advanced medical devices incorporating silicone materials ensures ongoing technological advancements, improving the efficacy and safety of these solutions. However, stringent regulatory frameworks governing medical device approvals and the high costs associated with developing silicone-based healthcare products may pose challenges to market growth.

The key regions considered for the Global Medical Grade Silicone Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in 2023, owing to its advanced healthcare infrastructure, high prevalence of chronic diseases, and significant healthcare spending. The region is also home to key market players, which drives innovation and market penetration. Meanwhile, the Asia Pacific region is expected to grow at the fastest rate during the forecast period. The growth in this region is attributed to increasing healthcare investments, rising disposable incomes, and the growing medical tourism industry, particularly in emerging economies like China and India.

Major market players included in this report are:
• Trelleborg AB
• China National Bluestar (Group) Co. Ltd.
• Momentive Performance Materials Inc.
• 3M Company
• Wacker Chemie AG
• Dow Corning Corporation
• Henkel AG & Co. KGaA
• Elkem Silicones
• Zodiac Coatings SAS
• KCC Corporation
• Nusil Technology LLC
• Shin-Etsu Chemical Co., Ltd.
• Rogers Corporation
• Saint-Gobain Performance Plastics
• Polymax Thermoplastics Pvt. Ltd.

The detailed segments and sub-segment of the market are explained below:

By Product:
• Elastomers
• Gels
• Medical Adhesives
• Medical Coatings
• Foams
• Others

By Application:
• Prosthetics
• Orthopedic Components
• Medical Devices
• Medical Tapes
• Oral Care Products
• Contact Lenses
• Others

By Region:
• North America
U.S.
Canada
• Europe
Germany
France
UK
Italy
Spain
Rest of Europe
• Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
• Latin America
Brazil
Mexico
Rest of Latin America
• Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways
• Market Estimates & Forecasts for 10 years from 2022 to 2032.
• Annualized revenue and regional-level analysis for each market segment.
• Detailed analysis of geographical landscapes with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Comprehensive demand-side and supply-side market analysis.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global Medical Grade Silicone Market Executive Summary
1.1. Global Medical Grade Silicone Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product
1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Medical Grade Silicone Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Medical Grade Silicone Market Dynamics
3.1. Market Drivers
3.1.1. Increasing demand for advanced prosthetics
3.1.2. Rising prevalence of chronic diseases
3.1.3. Advancements in medical device technology
3.2. Market Challenges
3.2.1. High manufacturing costs
3.2.2. Stringent regulatory requirements
3.3. Market Opportunities
3.3.1. Growing medical tourism in emerging economies
3.3.2. Expanding applications in minimally invasive surgeries
Chapter 4. Global Medical Grade Silicone Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Grade Silicone Market Size & Forecasts by Product (2022-2032)
5.1. Segment Dashboard
5.2. Global Medical Grade Silicone Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
5.2.1. Elastomers
5.2.2. Gels
5.2.3. Medical Adhesives
5.2.4. Medical Coatings
5.2.5. Foams
5.2.6. Others
Chapter 6. Global Medical Grade Silicone Market Size & Forecasts by Application (2022-2032)
6.1. Segment Dashboard
6.2. Global Medical Grade Silicone Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
6.2.1. Prosthetics
6.2.2. Orthopedic Components
6.2.3. Medical Devices
6.2.4. Medical Tapes
6.2.5. Oral Care Products
6.2.6. Contact Lenses
6.2.7. Others
Chapter 7. Global Medical Grade Silicone Market Size & Forecasts by Region (2022-2032)
7.1. North America Medical Grade Silicone Market
7.1.1. U.S.
7.1.1.1. Product breakdown size & forecasts, 2022-2032
7.1.1.2. Application breakdown size & forecasts, 2022-2032
7.2. Europe Medical Grade Silicone Market
7.2.1. Germany
7.2.2. France
7.2.3. Rest of Europe
7.3. Asia Pacific Medical Grade Silicone Market
7.3.1. China
7.3.2. India
7.3.3. Rest of Asia Pacific
7.4. Latin America Medical Grade Silicone Market
7.4.1. Brazil
7.4.2. Rest of Latin America
7.5. Middle East & Africa Medical Grade Silicone Market
7.5.1. Saudi Arabia
7.5.2. South Africa
7.5.3. Rest of Middle East & Africa
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Momentive Performance Materials Inc.
8.1.2. Trelleborg AB
8.1.3. Dow Corning Corporation
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Momentive Performance Materials Inc.
8.3.2. Trelleborg AB
8.3.3. China National Bluestar (Group) Co. Ltd.
8.3.4. 3M Company
8.3.5. Henkel AG & Co. KGaA
8.3.6. KCC Corporation
8.3.7. Elkem Silicones
8.3.8. Dow Corning Corporation
8.3.9. Zodiac Coatings SAS
8.3.10. Wacker Chemie AG
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
List of Tables
TABLE 1. Global Medical Grade Silicone Market, Report Scope
TABLE 2. Global Medical Grade Silicone Market Estimates & Forecasts by Region 2022-2032 (USD Million)
TABLE 3. Global Medical Grade Silicone Market Estimates & Forecasts by Product 2022-2032 (USD Million)
TABLE 4. Global Medical Grade Silicone Market Estimates & Forecasts by Application 2022-2032 (USD Million)
TABLE 5. Global Medical Grade Silicone Market by Product Segment, Revenue Trends 2022-2032 (USD Million)
TABLE 6. Global Medical Grade Silicone Market by Application Segment, Revenue Trends 2022-2032 (USD Million)
TABLE 7. Regional Breakdown of Global Medical Grade Silicone Market (USD Million)
TABLE 8. U.S. Medical Grade Silicone Market Estimates & Forecasts by Product Segment 2022-2032 (USD Million)
TABLE 9. Europe Medical Grade Silicone Market Estimates & Forecasts by Application 2022-2032 (USD Million)
TABLE 10. Asia Pacific Medical Grade Silicone Market by Region, 2022 & 2032 (USD Million)
TABLE 11. North America Medical Grade Silicone Market Share by Key Players 2023 (%)
TABLE 12. Revenue Contribution of Top 10 Companies to Global Medical Grade Silicone Market 2023 (USD Million)
TABLE 13. Impact of Technological Advancements on Global Medical Grade Silicone Market (USD Million)
TABLE 14. Global Medical Grade Silicone Market by End Use, Trends & Forecasts 2022-2032 (USD Million)
TABLE 15. Competitive Landscape: SWOT Analysis of Major Players
TABLE 16. U.S. Medical Grade Silicone Market: Regional Breakdown 2022-2032 (USD Million)
TABLE 17. Global Market Dynamics: Drivers, Restraints, and Opportunities Analysis
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Medical Grade Silicone Market, Research Methodology
FIGURE 2. Global Medical Grade Silicone Market, Market Estimation Techniques
FIGURE 3. Global Medical Grade Silicone Market, Key Trends 2023
FIGURE 4. Global Medical Grade Silicone Market, Growth Prospects 2022-2032
FIGURE 5. Regional Snapshot: North America Medical Grade Silicone Market Share 2023 (%)
FIGURE 6. Global Medical Grade Silicone Market Revenue Forecast, 2022 & 2032 (USD Million)
FIGURE 7. Product Revenue Trends: Silicone Elastomers 2022-2032 (USD Million)
FIGURE 8. Prosthetics Application Breakdown in Global Medical Grade Silicone Market 2023 (%)
FIGURE 9. Impact of Aging Population on Orthopedic Silicone Demand (USD Million)
FIGURE 10. Regional Share: Asia Pacific Medical Grade Silicone Market 2022 & 2032 (%)
FIGURE 11. U.S. Medical Grade Silicone Market Growth Analysis (USD Million)
FIGURE 12. Europe: Silicone Applications in Healthcare Devices 2022-2032 (USD Million)
FIGURE 13. Asia Pacific: Key Drivers of Medical Grade Silicone Adoption
FIGURE 14. Global Silicone Gels Market Growth by Region 2022-2032 (USD Million)
FIGURE 15. Competitive Landscape: Revenue Contribution by Top Players 2023
FIGURE 16. Technological Advancements Driving Medical Grade Silicone Innovation
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.

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