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Medical Grade Silicone Trends and Forecast
The future of the global medical grade silicone market looks promising with opportunities in the prosthetics & implant, orthopedics component, cardiovascular device, medical device, medical tape, and drug delivery system applications. The global medical grade silicone market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growig demand for cosmetic and plastic surgery and rising demand for silicon based implantable device.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Medical Grade Silicone by Segment
The study includes a forecast for the global medical grade silicone by type, application, and region.
Medical Grade Silicone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Gels
• Elastomers
• Medical Adhesives
• Medical Coatings
• Liquid Silicone Rubbers
• Foam
• Others
Medical Grade Silicone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Prosthetics & Implants
• Orthopedics Components
• Cardiovascular Devices
• Medical Devices
• Medical Tapes
• Drug Delivery Systems
• Others
Medical Grade Silicone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Medical Grade Silicone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical grade silicone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical grade silicone companies profiled in this report include-
• Dow Corning
• Wacker Chemie
• Shin-Etsu Chemical
• Momentive
• Bluestar Silicones
• 3M Company
• Elkem
• Dupont
• Stockwell Elastomerics
• Primasil Silicones
Medical Grade Silicone Market Insights
Lucintel forecasts that liquid silicone rubber is expected to witness highest growth over the forecast period.
Within this market, medical device is expected to witness highest growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global Medical Grade Silicone Market
Market Size Estimates: Medical grade silicone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical grade silicone market size by type, application, and region in terms of value ($B).
Regional Analysis: Medical grade silicone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the medical grade silicone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical grade silicone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the medical grade silicone market size?
Answer: The global medical grade silicone market is expected to reach an estimated $2.2 billion by 2030.
Q.2 What is the growth forecast for medical grade silicone market?
Answer: The global medical grade silicone market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the medical grade silicone market?
Answer: The major drivers for this market are growig demand for cosmetic and plastic surgery and rising demand for silicon based implantable device.
Q4. What are the major segments for medical grade silicone market?
Answer: The future of the medical grade silicone market looks promising with opportunities in the prosthetics & implant, orthopedics component, cardiovascular device, medical device, medical tape, and drug delivery system applications.
Q5. Who are the key medical grade silicone market companies?
Answer: Some of the key medical grade silicone companies are as follows:
• Dow Corning
• Wacker Chemie
• Shin-Etsu Chemical
• Momentive
• Bluestar Silicones
• 3M Company
• Elkem
• Dupont
• Stockwell Elastomerics
• Primasil Silicones
Q6. Which medical grade silicone market segment will be the largest in future?
Answer: Lucintel forecasts that liquid silicone rubber is expected to witness highest growth over the forecast period.
Q7. In medical grade silicone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the medical grade silicone market by type (gels, elastomers, medical adhesives, medical coatings, liquid silicone rubbers, foam, and others), application (prosthetics & implants, orthopedics components, cardiovascular devices, medical devices, medical tapes, drug delivery systems, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Medical Grade Silicone Market, Medical Grade Silicone Market Size, Medical Grade Silicone Market Growth, Medical Grade Silicone Market Analysis, Medical Grade Silicone Market Report, Medical Grade Silicone Market Share, Medical Grade Silicone Market Trends, Medical Grade Silicone Market Forecast, Medical Grade Silicone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Medical Grade Silicone Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Medical Grade Silicone Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Medical Grade Silicone Market by Type
3.3.1: Gels
3.3.2: Elastomers
3.3.3: Medical Adhesives
3.3.4: Medical Coatings
3.3.5: Liquid Silicone Rubbers
3.3.6: Foam
3.3.7: Others
3.4: Global Medical Grade Silicone Market by Application
3.4.1: Prosthetics & Implants
3.4.2: Orthopedics Components
3.4.3: Cardiovascular Devices
3.4.4: Medical Devices
3.4.5: Medical Tapes
3.4.6: Drug Delivery Systems
3.4.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Medical Grade Silicone Market by Region
4.2: North American Medical Grade Silicone Market
4.2.2: North American Medical Grade Silicone Market by Application: Prosthetics & Implants, Orthopedics Components, Cardiovascular Devices, Medical Devices, Medical Tapes, Drug Delivery Systems, and Others
4.3: European Medical Grade Silicone Market
4.3.1: European Medical Grade Silicone Market by Type: Gels, Elastomers, Medical Adhesives, Medical Coatings, Liquid Silicone Rubbers, Foam, and Others
4.3.2: European Medical Grade Silicone Market by Application: Prosthetics & Implants, Orthopedics Components, Cardiovascular Devices, Medical Devices, Medical Tapes, Drug Delivery Systems, and Others
4.4: APAC Medical Grade Silicone Market
4.4.1: APAC Medical Grade Silicone Market by Type: Gels, Elastomers, Medical Adhesives, Medical Coatings, Liquid Silicone Rubbers, Foam, and Others
4.4.2: APAC Medical Grade Silicone Market by Application: Prosthetics & Implants, Orthopedics Components, Cardiovascular Devices, Medical Devices, Medical Tapes, Drug Delivery Systems, and Others
4.5: ROW Medical Grade Silicone Market
4.5.1: ROW Medical Grade Silicone Market by Type: Gels, Elastomers, Medical Adhesives, Medical Coatings, Liquid Silicone Rubbers, Foam, and Others
4.5.2: ROW Medical Grade Silicone Market by Application: Prosthetics & Implants, Orthopedics Components, Cardiovascular Devices, Medical Devices, Medical Tapes, Drug Delivery Systems, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Grade Silicone Market by Type
6.1.2: Growth Opportunities for the Global Medical Grade Silicone Market by Application
6.1.3: Growth Opportunities for the Global Medical Grade Silicone Market by Region
6.2: Emerging Trends in the Global Medical Grade Silicone Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Grade Silicone Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Grade Silicone Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Dow corning
7.2: Wacker Chemie
7.3: Shin-Etsu Chemical
7.4: Momentive
7.5: Bluestar Silicones
7.6: 3M Company
7.7: Elkem
7.8: DuPont
7.9: Stockwell Elastomerics
7.10: Primasil Silicones
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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