Demand for Medical Grade Silicone and Impact of COVID-19……..



The global medical grade silicone market is expected to reach USD 596.8 million by 2025, growing at a CAGR of 6.6%, according to a report by Grand View Research, Inc. Rising demand for Medical Grade Silicone owing to its inherent thermal and chemical stability, hydrophobicity, resistance to sterilization method, and low surface tension is expected to augment the industry size over the forecast period.
The market is highly competitive in nature owing to the presence of numerous manufacturers, especially in the U.S., Germany, and China. The industry is dominated by various major participants including Momentive Performance Materials Inc.; Trelleborg AB; China National Bluestar (Group) Co. Ltd. (Bluestar); 3M Company; Henkel AG & Co. KGaA; Dow Corning Corporation; Zodiac Coatings SAS; and Wacker Chemie AG.
The growing use of high consistency silicone elastomers due to various properties offered such as green strength, which is necessary to maintain extruded profiles until vulcanized, is expected to increase their demand in extrusion applications, which in turn is anticipated to stimulate the demand over the forecast period.
Silicone medical adhesives are used to fabricate medical devices, seal wounds, and affix medical devices including dressing, a patch to the skin, and as a tape. The market is expected to exhibit promising gains on account of high tourist numbers triggering medical tourism in the Asia Pacific, especially in India, South Korea, Thailand, Singapore, and Malaysia.
The global medical silicone coatings market accounted for 8.7% of the overall revenue share in 2016 and is expected to witness growth on account of high usage of the product in mandrels, catheters, hypo tubes, stents, guide wires, sutures, and syringes. The growing geriatric population coupled with the rising obesity rates is anticipated to increase the occurrences of cardiac diseases, which in turn is expected to stimulate the medical silicone demand.
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The global medical grade silicone market size was valued at USD 336.9 million in 2016 and is expected to register a CAGR of 6.6% from 2017 to 2025 owing to various properties including thermal stability, hydrophobicity, and chemical resistance. Increasing usage of heart pumps and defibrillators, diagnostic guide wires and over-molded surgical blades, and suture sleeves is expected to propel the demand for medical silicone over the forecast period.
Further key findings from the report suggest:
·         Silicone elastomer is anticipated to witness significant revenue gain with a predicted CAGR of 6.9% from 2017 to 2025 due to the rising consumption of the product in the Liquid Silicone Rubber (LSR) and High Consistency Rubber (HCR) applications. LSR and HCR find application in pump diaphragms, hydrocephalic shunts, replacement finger joints, pacemaker lead coverings, and catheters.
·         Asia Pacific was the prominent market and accounted for 22.1% of the overall volume share in 2016. Favorable FDI and “Make in India” policy implemented by the Government of India are expected to generate opportunities for the medical device components industry in the country, which in turn is likely to aid in the medical silicone industry growth.
·         Growing awareness regarding commercially available products, the adoption of enhanced surgical treatments, and increasing healthcare infrastructure are expected to open new avenues for medical products in the U.S., and therefore, augment the demand for medical silicone in the market
·         Momentive Performance Materials Inc.; 3M Company; Trelleborg AB; Primasil Silicones Limited; China National Bluestar (Group) Co. Ltd. (Bluestar); Henkel AG & Co. KGaA; Dow Corning Corporation; Zodiac Coating SAS; and Wacker Chemie AG are some of the prominent players dominating the industry
·         The global medical silicone market is highly fragmented in nature and marked by the presence of numerous global and regional silicone producers. Due to end-user opportunities and fragmented nature of the market, the intensity of rivalry is expected to increase in the next eight years.
·         In February 2017, Wacker Chemie AG named Foster Corporation as an exclusive distributor of medical-grade silicone rubber for the company’s Silpuran line in the North America healthcare market to provide services such as customer support, enhanced customer experience, and logistics in the region
·         In November 2016, Dow Corning Corp. launched soft skin adhesive to bridge the gap between the company’s Pressure Sensitive Adhesives (PSAs) and gentle-adhesion SSAs
Aging population coupled with the rising global income levels in the developing countries including India, China, Thailand and Indonesia is expected to fuel growth. The growing prevalence of orthopedic conditions such as degenerative bone disease and the rising number of road accidents are the major factors driving the industry growth. Furthermore, the global harmonization of standards and regulatory requirements is anticipated to facilitate the overall product growth in the near future.
Silicone elastomers display superior properties in comparison to silicone gels, foams, adhesives, over a wide range of temperature, inertness to chemicals & solvents, oil & fuel resistance, and high productivity. These factors are expected to propel the use of silicone elastomers in the end-use industries such as such as neuromodulation, diagnostics, surgical, vascular, and drug delivery.
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https://www.grandviewresearch.com/press-release/global-medical-grade-silicone-market
The rising demand for substitutes such as thermoplastic elastomers is expected to restrain the market growth over the forecast period. The ability to see through a thermoplastic elastomer product, for instance, face masks to monitor a patient is a key feature augmenting the consumption of thermoplastic elastomers (TPE) in the healthcare devices industry. The rising TPE demand in the healthcare industry is likely to restrict the growth of the silicone elastomers over the forecast period.
Increasing requirement for low-cost healthcare facilities in emerging economies such as China, India, Singapore, and Malaysia along with the rising disposable incomes of the middle class in these countries are expected to spur growth in Asia Pacific. Moreover, the significant rise in the medical tourism industry in Brazil, Costa Rica, and Mexico is expected to increase demand in the Americas region over the upcoming years.
Grand View Research has segmented the Medical Grade Silicone Market on the basis of product, application, end use:
Product Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
·         Elastomers
·         Gels
·         Medical Adhesives
·         Medical Coatings
·         Foams
·         Others
Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
·         Prosthetics
·         Orthopedic Components
·         Medical Devices
·         Medical Tapes
·         Contact Lens
·         Oral Care Products
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.





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