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

  • ID: 4340323
  • Report
  • Region: Global
  • 153 Pages
  • Markets and Markets
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The Market size of Medical Grade Silicone is Expected to Reach USD 1.60 Billion by 2022, at a CAGR of 6.1% Between 2017 and 2022

FEATURED COMPANIES

  • 3M Company
  • Bioplexus
  • DOW Corning Corporation
  • FMI LLC
  • Nusil Technology LLC
  • Royal DSM
  • MORE

“Growing and aging population as well as increasing trends of home care and self-medication are fueling the medical grade silicone market.”

The market size of medical grade silicone is expected to reach USD 1.60 billion by 2022, at a CAGR of 6.1% between 2017 and 2022. The demand for medical grade silicone is high as they have excellent conductivity, tensile strength, long life span, and thermal stability. The growing demand from Asia Pacific and the increasing application sectors such as implants, dental tools, drug delivery devices, prosthetics, syringes, and disposable medical devices fuel the demand growth of medical grade silicone. Increasing raw material prices is a major restraint for the growth of the medical grade silicone market.

“Liquid Silicone Rubbers (LSR): The fastest-growing product form of the medical grade silicone market”

With the growing demand for disposable devices, the demand for Liquid Silicone Rubber (LSR) has also increased. Plastic injection molding companies have shifted to the LSR field to increase their hold and cater the needs of the healthcare sector. Liquid silicone rubber is pure platinum-cure silicone that has properties such as biocompatibility, clearness, chemical & bacterial resistance, and resistance to high temperatures. It is being used to manufacture medical equipment parts that involve high accuracy such as sealing membranes, electric connectors, seals, infant care products such as bottle nipples, and multiple medical applications.

“Rising demand in Asia Pacific is the major driver for the medical grade silicones market”

Asia Pacific is expected to be the fastest-growing market for medical grade silicone. The medical silicone market in this region is projected to grow at a high rate due to the growing application markets, such as prefilled syringes, prosthetics, surgical implants, catheters, medical tapes, APIs, DDS, and others. The rapidly growing demand inform end-use applications, competitive manufacturing costs, and high economic growth rate are the favorable forces for the growth of the medical grade silicone market in this region. These factors are attracting companies to adopt expansion and R&D strategies in the region. Market players are constantly focusing on this region to gain market share and increase their profitability.

The breakdown of primary interviews is given below.

  • By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%
  • By Designation: C Level - 54%, D Level - 31%, and Others - 15%
  • By Region: North America - 23%, Europe - 31%, Asia Pacific - 38%, and RoW - 8%

The report also provides company profiles and details the competitive strategies adopted by major market players such as Dow Corning (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive (US), Bluestar Silicones (France), and 3M Company (US).

Research Coverage
The market is segmented based on type, application, and region. This report covers the medical grade silicones market, in terms of value and volume, and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the medical grade silicones market.

Reasons to Buy the Report

  • The report will help the market leaders/new entrants in this market in the following ways:
  • The report segments the medical grade silicone market comprehensively and provides the closest approximations of the revenue for the overall market and the subsegments across different verticals and regions.
  • The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, and opportunities.
  • The report helps stakeholders understand their competitors better and gain additional insights into the business. The competitive landscape section includes expansions, new product developments, partnerships & collaborations, and mergers & acquisitions.
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FEATURED COMPANIES

  • 3M Company
  • Bioplexus
  • DOW Corning Corporation
  • FMI LLC
  • Nusil Technology LLC
  • Royal DSM
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.3.2 Currency
1.4 Research Limitations
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Medical Grade Silicone Market
4.2 Medical Grade Silicone Market, By Form
4.3 Medical Grade Silicone Market in Asia-Pacific, By Application and Country
4.4 Medical Grade Silicone Market, By Application and Region
4.5 Medical Grade Silicone Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Growth in Implantable Device Market
5.2.2 Restraints
5.2.2.1 Stringent Regulatory Policies and Time-Consuming Approval Process
5.2.2.2 Variations in Regulations Across Countries
5.2.2.3 Increasing Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Growing Healthcare Market in Emerging Countries
5.2.4 Challenges
5.2.4.1 Need for Providing Products at Affordable Prices
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview and Key Trends
5.4.1 Introduction
5.4.2 Trends and Forecast of GDP
5.4.3 Trends of Healthcare Industry

6 Medical Grade Silicone Market, By Form
6.1 Introduction
6.2 Gels
6.2.1 Soft Skin Adhesives (SSAS)
6.3 Medical Adhesives
6.3.1 Pressure Sensitive Adhesives (PSAS)
6.4 Medical Coatings
6.4.1 Hydrophilic
6.4.2 Hydrophobic
6.5 Elastomers
6.5.1 Liquid Silicone Rubber (LSR)
6.5.2 High Consistency Rubber (HCR)
6.6 Others (Api's, Excipients, Foams, Emulsions, Dispersions, and Others)

7 Medical Grade Silicone Market, By Application
7.1 Introduction
7.2 Prosthetics
7.2.1 Limbs
7.2.2 Implants
7.2.2.1 Breast Implants
7.2.2.2 Testicular Implants
7.3 Orthopedic Components
7.4 Medical Devices
7.4.1 Medical Electronics, Device Assemblies & Fittings
7.4.2 Medical Tubes
7.4.3 Medical Rings and Gaskets
7.4.4 Catheters
7.4.5 Miscellaneous Accessories (Masks, Bottles, Trays, and Others)
7.5 Medical Tapes
7.5.1 Wound Care
7.5.2 Drug Delivery
7.5.3 Personal Hygiene
7.5.4 Component Joining
7.6 Contact Lenses
7.7 Others
7.7.1 Topical Gels
7.7.2 Surgical Drapes
7.7.3 Oral Care Products

8 Medical Grade Silicone, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Asia-Pacific
8.3.1 China
8.3.2 India
8.3.3 Japan
8.3.4 South Korea
8.3.5 Malaysia
8.3.6 Australia & New Zealand
8.3.7 Rest of Asia-Pacific
8.4 Europe
8.4.1 Germany
8.4.2 France
8.4.3 Italy
8.4.4 U.K.
8.4.5 Spain
8.4.6 Russia
8.4.7 Rest of Europe
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Turkey
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Introduction
9.2 Competitive Leadership Mapping
9.2.1 Visionary Leaders
9.2.2 Innovators
9.2.3 Dynamic Differentiators
9.2.4 Emerging Companies
9.3 Competitive Benchmarking
9.3.1 Strength of Product Portfolio (25 Players)
9.3.2 Business Strategy Excellence (25 Players)
9.4 Market Share Analysis

10 Company Profiles
10.1 DOW Corning Corporation
10.2 Wacker Chemie AG
10.3 3M Company
10.4 Shin-Etsu Chemical Co. Ltd.
10.5 Bluestar Silicones (Elkem Group)
10.6 Nusil Technology LLC
10.7 Henkel AG & Co.
10.8 Momentive Performance Materials Inc.
10.9 Specialty Silicone Fabricators, Inc.
10.10 Zodiac Coating
10.11 Royal DSM
10.12 Wynca Group
10.13 Primasil Silicones Limited
10.14 Other Market Players
10.14.1 Donatelle
10.14.2 Kibaru Manufacturing Sdn Bhd
10.14.3 Albright Technologies
10.14.4 FMI LLC
10.14.5 Vesta Inc.
10.14.6 Simtec Silicone Parts
10.14.7 Shenzhen Kanglibang Science and Technology Co., Ltd.
10.14.8 Finesse Medical Ltd.
10.14.9 Polymer Science, Inc.
10.14.10 Bioplexus
10.14.11 Saint-Gobain Performance Plastics
10.14.12 Stockwell Elastomerics Inc.

11 Appendix
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details

List of Tables
Table 1 Trends and Forecast of GDP, USD Billion (2016–2022)
Table 2 Population Age 65 and Above (% ) (2012–2016)
Table 3 Healthcare Expenditure (Percentage of GDP), 2011–2014
Table 4 Medical Grade Silicone Market Size, By Form, 2015–2022 (Ton)
Table 5 Medical Grade Silicone Market Size, By Form, 2015–2022 (USD Million)
Table 6 Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 7 Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 8 Medical Grade Silicone Market Size, By Region, 2015–2022 (Ton)
Table 9 Medical Grade Silicone Market Size, By Region, 2015–2022 (USD Million)
Table 10 North America: Market Size, By Country, 2015–2022 (Ton)
Table 11 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 12 North America: Market Size, By Form, 2015–2022 (Ton)
Table 13 North America: Market Size, By Product Form, 2015–2022 (USD Million)
Table 14 North America: Market Size, By Application, 2015–2022 (Ton)
Table 15 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 16 U.S.: Market Size, By Application, 2015–2022 (Ton)
Table 17 U.S.: Market Size, By Application, 2015–2022 (USD Million)
Table 18 Canada: Market Size, By Application, 2015–2022 (Ton)
Table 19 Canada: Market Size, By Application, 2015–2022 (USD Million)
Table 20 Mexico: Market Size, By Application, 2015–2022 (Ton)
Table 21 Mexico: Market Size, By Application, 2015–2022 (USD Million)
Table 22 Asia-Pacific: Market Size, By Country, 2015–2022 (Ton)
Table 23 Asia-Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 24 Asia-Pacific: Market Size, By Form, 2015–2022 (Ton)
Table 25 Asia-Pacific: Market Size, By Form, 2015–2022 (USD Million)
Table 26 Asia-Pacific: Market Size, By Application, 2015–2022 (Ton)
Table 27 Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 28 China: Market Size, By Application, 2015–2022 (Ton)
Table 29 China: Market Size, By Application, 2015–2022 (USD Million)
Table 30 India: Market Size, By Application, 2015–2022 (Ton)
Table 31 India: Market Size, By Application, 2015–2022 (USD Million)
Table 32 Japan: Market Size, By Application, 2015–2022 (Ton)
Table 33 Japan: Market Size, By Application, 2015–2022 (USD Million)
Table 34 South Korea: Market Size, By Application, 2015–2022 (Ton)
Table 35 South Korea: Market Size, By Application, 2015–2022 (USD Million)
Table 36 Malaysia: Market Size, By Application, 2015–2022 (Ton)
Table 37 Malaysia: Market Size, By Application, 2015–2022 (USD Million)
Table 38 Australia & New Zealand: Market Size, By Application, 2015–2022 (Ton)
Table 39 Australia & New Zealand: Market Size, By Application, 2015–2022 (USD Million)
Table 40 Rest of Asia-Pacific: Market Size, By Application, 2015–2022 (Ton)
Table 41 Rest of Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 42 Europe: Medical Grade Silicone Market Size, By Country, 2015–2022 (Ton)
Table 43 Europe: Medical Grade Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 44 Europe: Medical Grade Silicone Market Size, By Form, 2015–2022 (Ton)
Table 45 Europe: Medical Grade Silicone Market Size, By Form, 2015–2022 (USD Million)
Table 46 Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 47 Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 48 Germany: Market Size, By Application, 2015–2022 (Ton)
Table 49 Germany: Market Size, By Application, 2015–2022 (USD Million)
Table 50 France: Market Size, By Application, 2015–2022 (Ton)
Table 51 France: Market Size, By Application, 2015–2022 (USD Million)
Table 52 Italy: Market Size, By Application, 2015–2022 (Ton)
Table 53 Italy: Market Size, By Application, 2015–2022 (USD Million)
Table 54 U.K.: Market Size, By Application, 2015–2022 (Ton)
Table 55 U.K.: Market Size, By Application, 2015–2022 (USD Million)
Table 56 Spain: Market Size, By Application, 2015–2022 (Ton)
Table 57 Spain: Market Size, By Application, 2015–2022 (USD Million)
Table 58 Russia: Market Size, By Application, 2015–2022 (Ton)
Table 59 Russia: Market Size, By Application, 2015–2022 (USD Million)
Table 60 Rest 0f Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 61 Rest 0f Europe: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 62 South America: Market Size, By Country, 2015–2022 (Ton)
Table 63 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 64 South America: Market Size, By Form, 2015–2022 (Ton)
Table 65 South America: Market Size, By Form, 2015–2022 (USD Million)
Table 66 South America: Market Size, By Application, 2015–2022 (Ton)
Table 67 South America: Market Size, By Application, 2015–2022 (USD Million)
Table 68 Brazil: Market Size, By Application, 2015–2022 (Ton)
Table 69 Brazil: Market Size, By Application, 2015–2022 (USD Million)
Table 70 Argentina: Market Size, By Application, 2015–2022 (Ton)
Table 71 Argentina: Market Size, By Application, 2015–2022 (USD Million)
Table 72 Rest of South America: Market Size, By Application, 2015–2022 (Ton)
Table 73 Rest of South America: Market Size, By Application, 2015–2022 (USD Million)
Table 74 Middle East & Africa: Market Size, By Country, 2015–2022 (Ton)
Table 75 Middle East & Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 76 Middle East & Africa: Market Size, By Form, 2015–2022 (Ton)
Table 77 Middle East & Africa: Market Size, By Form, 2015–2022 (USD Million)
Table 78 Middle East & Africa: Market Size, By Application, 2015–2022 (Ton)
Table 79 Middle East & Africa: Market Size, By Application, 2015–2022 (USD Million)
Table 80 Saudi Arabia: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 81 Saudi Arabia: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 82 UAE: Medical Grade Silicone Market Size, By Application, 2015–2022 (Ton)
Table 83 UAE: Medical Grade Silicone Market Size, By Application, 2015–2022 (USD Million)
Table 84 Turkey: Market Size, By Application, 2015–2022 (Ton)
Table 85 Turkey: Market Size, By Application, 2015–2022 (USD Million)
Table 86 South Africa: Market Size, By Application, 2015–2022 (Ton)
Table 87 South Africa: Market Size, By Application, 2015–2022 (USD Million)
Table 88 Rest of Middle-East and Africa: Market Size, By Application, 2015–2022 (Ton)
Table 89 Rest of Middle-East and Africa: Market Size, By Application, 2015–2022 (USD Million)

List of Figures
Figure 1 Medical Grade Silicone Market Segmentation
Figure 2 Medical Grade Silicone Market: Research Methodology
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Medical Grade Silicone Data Triangulation
Figure 6 Prosthetics & Orthopedic to Account for the Largest Market Share Between 2017 and 2022
Figure 7 Silicone Adhesives to Be the Fastest-Growing Form Segment in Medical Grade Silicone Market Between 2017 and 2022
Figure 8 North America Accounted for the Largest Share in Medical Grade Silicone Market in 2016
Figure 9 U.S. to Dominate Medical Grade Silicone Market, 2017–2022
Figure 10 Medical Grade Silicone Market to Witness Rapid Growth Between 2017 and 2022
Figure 11 Medical Adhesives to Register the Highest CAGR During the Forecast Period
Figure 12 China Accounted for the Largest Market Share in 2016
Figure 13 Prosthetics & Orthopedics Accounted for the Largest Market Share in 2016
Figure 14 Asia-Pacific to Be the Fastest-Growing Medical Grade Silicone Market Between 2017 and 2022
Figure 15 Drivers, Restraints, Opportunities, and Challenges in Medical Grade Silicone Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 Gels are the Most Widely Used Silicone Form in the Medical Industry
Figure 18 Medical Devices is Projected to Register the Highest CAGR Between 2017 and 2022
Figure 19 U.S. is the Largest Medical Grade Silicone Market in North America
Figure 20 India is the Fastest-Growing Medical Grade Silicone Market in Asia-Pacific
Figure 21 Medical Grade Silicone Market: Regional Snapshot (2016)
Figure 22 Medical Grade Silicone Market (Global) Competitive Leadership Mapping, 2016
Figure 23 Market Share of Key Players, 2016
Figure 24 DOW Corning Corporation: Company Snapshot
Figure 25 Wacker Chemie AG: Company Snapshot
Figure 26 3M Company: Company Snapshot
Figure 27 Shin-Etsu Chemical Co. Ltd.: Company Snapshot
Figure 28 Henkel AG & Co.: Company Snapshot
Figure 29 Momentive Performance Materials Inc.: Company Snapshot
Figure 30 Royal DSM: Company Snapshot

Note: Product cover images may vary from those shown
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  • 3M Company
  • Albright Technologies
  • Bioplexus
  • Bluestar Silicones (Elkem Group)
  • DOW Corning Corporation
  • Donatelle
  • FMI LLC
  • Finesse Medical Ltd.
  • Henkel AG & Co.
  • Kibaru Manufacturing Sdn Bhd
  • Momentive Performance Materials Inc.
  • Nusil Technology LLC
  • Polymer Science, Inc.
  • Primasil Silicones Limited
  • Royal DSM
  • Saint-Gobain Performance Plastics
  • Shenzhen Kanglibang Science and Technology Co., Ltd.
  • Shin-Etsu Chemical Co. Ltd.
  • Simtec Silicone Parts
  • Specialty Silicone Fabricators, Inc.
  • Stockwell Elastomerics Inc.
  • Vesta Inc.
  • Wacker Chemie AG
  • Wynca Group
  • Zodiac Coating
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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