Silicone is a profoundly adaptable engineered polymer that offers its products from cooking utensils and glues to sealants and beauty care products. Its unique properties such as biocompatibility and versatility play an integral part in medical technology. They are a group of elite materials that incorporate silicone polymers, silanes and siloxanes from which silicone items are determined. They are well accepted by the human skin and body, so they encourage healing, enhance the presence of existing scars and lessen discomfort and this will be beneficial in the growth of the market. They also decrease patient risk by providing life upgrading devices.
As the world population is growing with the high pace the need for an implantable device is also growing. With the increasing age, the person is more prone to chronic and restorative diseases. To help cope with these diseases, new silicone products are being launched to provide humans with good healthcare. The increasing use of the implantable devices such as heart implants, hip inserts and coronary stunts are driving the growth of the market.
Global medical grade silicone market is projected to register a healthy CAGR of 6.0% in the forecast period of 2018 to 2025.
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- In October 2016, merger of Avantor performance materials and NUSIL was completed. This merger was done to provide services for significant growth opportunities related to the market. It will innovate high quality material and products to meet the customer requirements.
- In May 2017, Saint-Gobain Performance Plastics Inc. (U.S.) signed purchase agreement with Biolink (Germany), a manufacturer of specialty adhesive tapes. This acquisition will enhance the company’s to accelerate the growth of Saint-Gobain’s performance plastics business in the fast growing adhesives market, and in solvent-free acrylic resin adhesive tapes product portfolio.
Global Medical Grade Silicone Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical grade silicone market for global, Europe, North America, Asia Pacific and South America.
DOW Corning Corporation,Wacker Chemie AG, 3M, Shin-Etsu Chemical Co. Ltd., Bluestar Silicones (Elkem Group), Nusil Technology LLC, Henkel AG & Co., Momentive Performance Materials Inc., Specialty Silicone Fabricators, Inc., Zodiac Coating, Royal DSM, Wynca Group, Primasil Silicones Limited, Donatelle, Kibaru Manufacturing Sdn Bhd, Albright Technologies, FMI LLC, Vesta Inc., Simtec Silicone Parts, Shenzhen Kanglibang Science and Technology Co., Ltd., Finesse Medical Ltd., Polymer Science, Inc., Bioplexus, Saint-Gobain Performance Plastics, Stockwell Elastomerics Inc. Among others
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Drivers and Restraints:
- Increasing innovations in implantable medical devices sector
- Improvement of healthcare infrastructure in developing nation
- Higher properties of silicone elastomers
- Use of TPE as an alternative to medical silicone
- Variations in regulations across countries
The global medical grade silicone market is segmented based on
- form, application , geographical segments.
Based on form, the global medical grade silicone market is segmented into
- gels, medical adhesives, medical coatings, elastomers and others
Elastomers are further segmented into
- liquid silicone rubber (LSR) , high consistency rubber (HCR)
Medical coatings are further segmented into
- hydrophilic , hydrophobic
On the basis of application, the global medical grade silicone market is classified into
- prosthetics, orthopedic components, medical devices, medical tapes, contact lenses, others
Medical devices are further segmented into
- medical electronics, device assemblies & fittings, medical tubes, medical rings and gaskets, catheters and miscellaneous accessories.
Medical tapes are further segmented into
- wound care, drug delivery, personal hygiene , component joining.
Based on geography, the global medical grade silicone market report covers data points for 28 countries across multiple geographies namely
- North America & South America, Europe, Asia-Pacific and, Middle East & Africa
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