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Medical Grade Silicone Market Worth 1.60 Billion USD by 2022


News provided by

MarketsandMarkets

27 Jul, 2017, 13:30 GMT

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PUNE, India, July 27, 2017 /PRNewswire/ --

The report "Medical Grade Silicone Market by Product Form (Gels, Medical Adhesives, Medical Coatings, Elastomers), Application (Prosthetics & Orthopedic, Medical Devices, Medical Tapes, Contact Lenses), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 1.10 Billion in 2016 to reach USD 1.60 Billion by 2022, at a CAGR of 6.1% during the forecast period.

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Browse 86 Market Data Tables and 39 Figures spread through 180 Pages and in-depth TOC on "Medical Grade Silicone Market"
http://www.marketsandmarkets.com/Market-Reports/medical-grade-silicone-market-36328567.html

Early buyers will receive 10% customization on this report 

This growth is fueled by the high growth of implantable device market; globally that has been boosting the medical grade silicone market. Increasing new product launches and agreements & joint ventures undertaken by the players operating in the market is also fueling the market.

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Gels (Unreinforced Silicone Elastomers): The largest product form in the medical grade silicone market 

Silicone gel is increasingly being used in various medical applications which range from very soft gels for prosthetic and implant applications, to very sticky gels for topical and transdermal wound care applications. Silicone gel has proved to be very effective for scar treatment and cause 86% decrease in texture, 84% decrease in color, and 68% decrease in the height of scars. These are also used in other medical applications, such as skin coverings, comfort pads, and others. One of the latest advancements is the use of silicone gel to manufacture silicone gel sheets, which are used for the treatment of deep scars that need to be protected and covered.

Prosthetics & Orthopedic: The largest application segment of the medical grade silicone market 

The prosthetics and orthopedics segment is witnessing new technological developments such as CAD/CAM dentistry (computer-aided design and computer-aided manufacturing) that is used to improve the design and creation of dental restorations especially dental prostheses, including crowns, crown lays, veneers, and orthodontic appliances. These developments further propel the medical grade silicone market.

North America: The largest market for medical grade silicone 

North America is the world's largest consumer of medical grade silicones and is expected to continue to experience high growth, in terms of value and volume. This region is diversified and is strongly focused on the development of new products and advanced technology for the same, to cater the needs of its end users. The presence of the existing medical grade silicone manufacturing companies in this region, technological advancements, and product modernization in terms of quality and application development are driving the market in the region. Another factor affecting the growth is the increase in demand for medical grade silicone in sectors such as healthcare.

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Major players such as Dow Corning (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive (US), Bluestar Silicones (France), 3M Company (US) have adopted development strategies such as expansions, agreements & collaborations, and new product development to achieve growth in the Medical Grade Silicone Market.

Browse Related Reports:
Silicone Coating Market by Type (Additives, Polymers, 100% Silicone, Water Repellents Silicone, and Others), Technology, & by Application (Construction, Automotive, Consumer Goods, Marine, Industrial, Paper & Film Release, and Others) - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/silicone-coating-market-78579893.html

Silicone Market by Type (Elastomers, Fluids, Resins, Gels & Other Products) by Application (Building & Construction, Chemical Industry, Medical & Personal Care, Automotive & Transportation, Plastics, Electrical & Electronics, Textile, Paper, Others) & by Region - Global Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/silicone-market-709.html

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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