Medical Grade Silicone - Global Market Outlook (2017-2023)
According Stratistics MRC, the Global Medical Grade Silicone Market is accounted for $1.13 billion in 2016 and is expected treach $1.84 billion by 2023 growing at a CAGR of 7.2% during the forecast period. Huge growth of application is orthopedic components and medical devices are some of the key factors favouring the market growth. However, strict government regulations and escalating raw material cost are hampering the market. Increasing healthcare in developing countries provides ample of opportunities for the market growth.
By Application, Prosthetics and Orthopedic segments are expected twitness huge growth during the forecast period owing ttheir physical properties of chemical inertness, elasticity and skin-like texture. By Form, Gels segment commanded the largest market share attributed tgrowing usage of this product in medical applications. Silicone gel has tested tbe extremely useful for scar treatment and cause 86% decrease in texture, 84% decrease in color, and 68% decrease in the height of scars.
North America commanded the largest market share due tthe presence of technology advancement and medical grade silicone built-up companies in this region. Asia Pacific is expected tgrow at a fastest CAGR owing tthe fast growing infrastructure that provides ample of opportunities for medical grade silicone market growth in the region.
Some of the key players in Medical Grade Silicone market include 3M Company, Saint-Gobain Performance Plastics, Royal DSM, Henkel AG & Co., DOW Corning Corporation, Specialty Silicone Fabricators, Inc., Polymer Science, Inc., Nusil Technology LLC, Zodiac Coating, Primasil Silicones Limited, Wacker Chemie AG, Bioplexus, Stockwell Elastomerics Inc., Momentive Performance Materials Inc. and Wynca Group.
Applications Covered: • Orthopedic Components • Contact Lenses • Medical Devices • Prosthetics • Medical Tapes • Other Applications
Forms Covered: • Medical Adhesives • Elastomers • Gels • Medical Coatings • Other Forms
Regions Covered: • North America US Canada Mexico • Europe Germany France Italy UK Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific • South America Argentina Brazil Chile Rest of South America • Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements