Below are some of the key findings from this medical grade silicone market analysis report:
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global medical grade silicone industry overview
Many vendors of medical grade silicone are shifting their manufacturing activities to developing countries because of factors such as the availability of raw materials, cost-effective labor, and low transportation costs. In the past few years, there has been a rapid growth in medical spending by consumers across the world, resulting in the rise in demand for prosthetics and orthopedic components. Moreover, medical tourism is gaining popularity owing to factors such as low treatment costs and the presence of skilled healthcare professionals in developing countries. These factors will result in the high demand for disposable medical device components, which will further drive the medical grade silicone market.
Technological advancements in robotic surgery is a key trend that will drive the growth of the global medical grade silicone market. Robotic surgery is likely to be universally affordable in the future and will enhance the outcome of complex surgeries. The use of medical grade silicone for producing prosthetics and orthopedic components for robotic surgery will positively impact the market to grow at a CAGR of more than 6% during the forecast period.
Top medical grade silicone companies covered in this report
The global medical grade silicone market is highly fragmented. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this medical grade silicone market analysis report provides key insights to help companies make informed business decisions.
The report offers a detailed analysis of several leading medical grade silicone companies, including:
- China National Chemical Corporation
- DowDuPont
- Momentive
- Shin-Etsu Chemical
- Wacker Chemie
Medical grade silicone market segmentation based on application
- Prosthetics and orthopedic components
- Medical devices
- Medical tapes
- Others
Prosthetics and orthopedic components segment held the largest medical grade silicone market share in 2017. The market share of this segment will increase further, and it will continue to dominate the market over the next five years.
Medical grade silicone market segmentation based on region
- Americas
- APAC
- EMEA
The Americas accounted for the largest medical grade silicone market share in 2017. This region will witness a small increase in its market share and remain the market leader for the next five years. However, the APAC region is expected to witness the highest incremental growth over the forecast period.
Key highlights of the global medical grade silicone market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the medical grade silicone market during the next five years
- Precise estimation of the global medical grade silicone market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the medical grade silicone industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of medical grade silicone companies
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