ID: MRFR/CnM/4312-HCR | February 2021 | Region: Global | 100 pages
Medical grade silicone is the biocompatible material used in the manufacturing of various medical devices owing to their healing capability, improving appearance of scars, and comforting properties. These silicones are classified into three categories namely non-implantable, short-term implantable, and long-term implantable.
The medical grade silicone is extensively used in the manufacturing of medical devices such as feeding tubes, drains, catheters, medical electronic devices and assemblies, and seals & gaskets due to its superior properties such as heat resistance, flexibility, low chemical reactivity, and low toxicity. Some of the substantial and underlying market drivers identified in this market are growing geriatric population, cosmetic & plastic surgeries, medical implants, and increasing number of cardiovascular diseases. The use of silicone coatings on scalpel blade reduces friction and gives a smoother cut, which may drive the market growth for minimally invasive surgeries. The product is also used in soft contact lenses, which are easier to adjust and more comfortable than the rigid gas permeable lenses. These contact lenses are made of silicone hydrogel to provide more oxygen to the eyes. Medical grade silicones are used in hydrocephalic shunts, antacid formulation, and topical formulations such as excipients. Furthermore, the demand for medical grade silicone in orthopedics and prosthetics is growing owing to increasing instances of sports injuries and accidents. The prosthetics and orthopedic are the most lucrative applications of the medical grade silicone on account of the technological development such as CAD/CAM dentistry (computer-aided design and computer-aided manufacturing) for enhancing the design and dental restoration. The U.S. Food and Drug Administration (FDA) regulates silicone as safe to be used in pharmaceuticals and certain food under Center for Drug Evaluation and Research (CDER) and Center for Food Safety and Nutrition (CFSAN) respectively, which in turn will witness demand for medical grade silicone in the fore coming years.
Global Medical Grade Silicone Share, by the Application (%)
The global medical grade silicone market is segmented into five regions North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is the dominant region in the global medical grade silicone market in terms of both value and volume due to the technological advancements, growing elderly population, increased chronic diseases, and improved quality of healthcare facilities. This region is expected to remain dominant due to growing awareness about the product availability and the high disposable income over the review period.
The Asia Pacific is the fastest emerging region in the medical grade silicone market due to the increasing demand for the medical grade silicone products across countries such as China, India, Japan, and Australia.
Europe is one of the largest pharmaceutical regions and is likely to showcase a considerable growth in the medical grade silicone due to the extensive use of these products in surgeries and other medical procedures.
The growing use of medical devices in GCC countries is likely to propel the market growth during the review period.
The global medical grade silicone market is segmented on the basis of the product, application, and region.
On the basis of the product, the global medical grade silicone market is segmented into elastomers, gels, medical adhesives, medical coatings, and others.
Based on the application, the global medical grade silicone market is segregated into medical devices, medical tapes, orthopedics, prosthetics, and contact lenses.
Geographically, the global medical grade silicone market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Some of the prominent manufacturers in the global medical grade silicone market are 3M (U.S.), Saint-Gobain Performance Plastics (France), Koninklijke DSM N.V. (Netherlands), Momentive (U.S.), Zodiac Coating SAS (France), Trelleborg AB (Sweden), Shin-Etsu Chemical Co., Ltd (Japan), Nusil Technology LLC (U.S.), Henkel AG & Co. KGaA (Germany), Polymer Science, Inc. (U.S.), Applied Silicone Corporation (U.S.), Primasil Silicones Ltd. (U.K), and others.
Frequently Asked Questions (FAQ) :
North America would make the maximum impact on the medical-grade silicone market.
Players with high impact value for the medical-grade silicone market are Koninklijke DSM N.V. (Netherlands), 3M (U.S.), Saint-Gobain Performance Plastics (France), Zodiac Coating SAS (France), Momentive (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), Trelleborg AB (Sweden), Henkel AG & Co. KGaA (Germany), Nusil Technology LLC (U.S.), Applied Silicone Corporation (U.S.), Primasil Silicones Ltd. (U.K), Polymer Science, Inc. (U.S.), and others.
Strategies like acquisition, product launch, collaboration, a surge in R&D investment, merger, brand positioning, innovation, and others would help the medical-grade silicon market players in taking the market ahead.
The high price of the end product and delay in clearance of products would impact the medical-grade silicone market growth.
Increasing demand for minimally-invasive surgeries and reduction in friction would help the medical-grade silicon market gain high traction.