Medical Grade Silicone Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024

Report Code: CMR 22433 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Medical Grade Silicone Market is forecast to reach $1.73 billion by 2025, after growing at a CAGR of 5.9% during 2020-2025. The demand for medical grade silicone is high as it has excellent conductivity, tensility, long life span, and thermal stability. The increasing demand for application sectors such as implants, dental tools, prosthetic and syringe across the world. Further, enhance the overall market demand for Medical Grade Silicone during the forecast period. 

Key Takeaways
  • Increased demand for medical-grade silicone has led to increased demand for new medical technologies, particularly in North America, as the aging population has increased.
  • The growth Silicone Medical Grade market is increasing due to rapid changes in lifestyle and evolving conceptions of the beauty which impact the cosmetics and plastic surgeries. 
  • The extensive application usage in medical and pharmaceutical industries will fuel the growth of the market.
  • The growing emerging countries healthcare markets acts as an opportunity for medical grade silicone market growth. 
  • Rising health concerns coupled with implementation of new technologies in the medical sector intensified the utilization of medical-grade silicone as it is highly biocompatibility. 
Product Form - Segment Analysis

For medical applications, silicone gel is widely used varies from prosthetic and implant applications to highly sticky gels for topical and transdermal wound care applications. They are also used for other medical applications, such as skin pads and comfort pads. One of the most recent developments in the use of silicone gel is to create silicone gel sheets for the treatment of large scars that need to be protected and covered. The medical-grade Liquid silicone rubber is a High Consistency Rubber which has advantages over elastomeric materials include Low viscosity, excellent stability over a broad range of temperatures, Low compression set, Ability to maintain its resiliency, flexibility and capability to transfer mechanical force at extreme temperatures.

Application - Segment Analysis

Prosthetics has been the primary market for Medical Grade Silicone is growing at a CAGR of 5.3%. New technological developments are seen in the prosthetics market, such as CAD / CAM (computer-aided design and computer-aided manufacturing) to improve the design and production of dental restorations, especially dental prostheses, including crowns, crown lays, veneers and orthodontic appliances.   

Geography - Segment Analysis

North America dominated the Medical Grade Silicone market share with more than 38%, followed by APAC and Europe. Due to the growing market for pre-filled syringes, prosthetics, surgical implants, catheters, tapes, APIs, DDS, and other applications, the medical grade silicone market in this region is projected to increase at high rate. The growing demand for end-use applications like low manufacturing costs and high economic growth rate shows a positive growth factor. These factors attract businesses to increase R&D strategies and expansion in this area. Market players are focusing on this area constantly to gain market share and to increase profits. 

Drivers – Medical Grade Silicone Market
  • High growth in implantable device market 
Medical implants are artificial devices used to replace biological parts that are damaged or missing. It's put inside or on the body layer. Implants assist with drug delivery, body-monitoring, and organ and tissue support. These are used for specific health-related applications such as dental, orthopedics, breast implants, and cardiovascular devices. Increase in chronic diseases such as osteoarthritis, cardiovascular diseases, neuropathic diseases and Congenital Disorder driving the medical implant market. The use of coatings in these applications will increase demand for implants in different segments of the medical industry. 

Challenges – Medical Grade Silicone Market
  • Variations in regulations across countries 
The regulations of medical drugs and devices involves goals of assuring safety and efficacy while providing innovative therapies. The United States and the European Union facing regulation challenges. The United States follows 1 agency, the Food and Drug Administration (FDA) and the European Commission synchronizes the regulations of 28 different countries, combinedly create the European Union. The European Union regulates approvals for medical drugs and devices through a network of hierarchical and decentralized bodies across its Member States. While, the FDA has the advantages of centralizing the drug and common regulations. Due to regulations across countries is a major restraint for the growth of the medical grade silicone market. 

Market Landscape

Product launches, agreements & joint ventures are key strategies adopted by players in the Medical Grade Silicone market. In 2018, the market of Medical Grade Silicone has been consolidated by the top 10 companies accounting for xx% of the share. Major players in the Medical Grade Silicone Market Dow Corning, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive, Bluestar Silicones, 3M Company, Albright Technologies, Elkem Silicone, FMI LLC, Nusil Technology LLC, Primasil Silicones Limited, among others. 

Acquisitions/Technology Launches
  • In November 2016, Dow Corning MG 7-1010 Soft Skin Adhesive for portable medical devices, has launched the toughest silicone soft skin adhesive by Dow Corning. It is a strong durable and skin sensitive adhesive. The new product launch expanded Dow Corning's wide range of silicone-based adhesives. 
  • In April 2016, Bluestar Silicones set up a new Joinville plant with its Sao Paolo headquarters. This expansion helps the company more competitive advantages like costs, logistics, and structure. The expansion led to the focus of the company on emerging markets.

1. Medical Grade Silicone Market - Overview
1.1 Definitions and Scope
2. Medical Grade Silicone Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Medical Grade Silicone Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Medical Grade Silicone Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Medical Grade Silicone Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Medical Grade Silicone Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Medical Grade Silicone Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Medical Grade Silicone Market - By Product Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Medical Grade Silicone Market – By Form (Market Size -$Million / $Billion)
9.1 Introduction 
9.2 Gels 
9.2.1 Soft Skin Adhesives (SSAS)
9.3 Medical Adhesives 
9.3.1 Pressure Sensitive Adhesives (PSAS)
9.4 Medical Coatings 
9.4.1 Hydrophilic
9.4.2 Hydrophobic
9.5 Elastomers 
9.5.1 Liquid Silicone Rubber (LSR)
9.5.2 High Consistency Rubber (HCR)
9.6 Others (Apis, Excipients, Foams, Emulsions, Dispersions, and Others)
10. Medical Grade Silicone - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Prosthetics
10.3.1.1 Limbs
10.3.1.2 Implants
10.3.1.2.1 Breast Implants
10.3.1.2.2 Testicular Implants
10.3.2 Orthopedic Components
10.3.3 Medical Devices
10.3.3.1 Medical Tubes
10.3.3.2 Medical Rings & Gaskets
10.3.3.3 Catheters
10.3.3.4 Miscellaneous Accessories
10.3.3.5 Medical Electronics, Device Assemblies & Fittings
10.3.4 Medical Tapes
10.3.4.1 Wound Care
10.3.4.2 Drug Delivery
10.3.4.3 Personal Hygiene
10.3.4.4 Component Joining
10.3.5 Contact Lenses
10.3.6 Others
10.3.6.1 Topical Gels
10.3.6.2 Surgical Drapes
10.3.6.3 Oral Care Products
11. Medical Grade Silicone- By Geography (Market Size -$Million / $Billion)
11.1 Medical Grade Silicone Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Medical Grade Silicone- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Medical Grade Silicone- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Medical Grade Silicone - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Medical Grade Silicone - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Medical Grade Silicone Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Medical Grade Silicone Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Medical Grade Silicone Market - Key Company List by Country Premium
15. Medical Grade Silicone Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 3M Company
15.3 Donatelle
15.4 Finesse Medical Ltd.
15.5 FMI LLC
15.6 Kibaru Manufacturing Sdn Bhd
15.7 Primasil Silicones Limited
15.8 Royal DSM
15.9 Saint-Gobain Performance Plastics
15.10 Shin-Etsu Chemical Co. Ltd.
15.12 Simtec Silicone Parts
15.13 Stockwell Elastomerics Inc.
15.14 Vesta Inc.
15.15 Wacker Chemie AG
15.16 Wynca Group
15.17 Company 23
15.18 Company 24 & More
*Financials would be provided on a best efforts basis for private companies
16. Medical Grade Silicone Market - Appendix
16.1 Abbreviations
16.2 Sources
17. Medical Grade Silicone Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Medical Grade Silicone Market By Form Market 2019-2024 ($M)
1.1 Gels Market 2019-2024 ($M) - Global Industry Research
1.1.1 Soft Skin Adhesives Market 2019-2024 ($M)
1.2 Medical Adhesives Market 2019-2024 ($M) - Global Industry Research
1.2.1 Pressure Sensitive Adhesives Market 2019-2024 ($M)
1.3 Medical Coatings Market 2019-2024 ($M) - Global Industry Research
1.4 Elastomers Market 2019-2024 ($M) - Global Industry Research
1.4.1 Liquid Silicone Rubber Market 2019-2024 ($M)
1.4.2 High Consistency Rubber Market 2019-2024 ($M)
2.Global Medical Grade Silicone Market By Form Market 2019-2024 (Volume/Units)
2.1 Gels Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Soft Skin Adhesives Market 2019-2024 (Volume/Units)
2.2 Medical Adhesives Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Pressure Sensitive Adhesives Market 2019-2024 (Volume/Units)
2.3 Medical Coatings Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Elastomers Market 2019-2024 (Volume/Units) - Global Industry Research
2.4.1 Liquid Silicone Rubber Market 2019-2024 (Volume/Units)
2.4.2 High Consistency Rubber Market 2019-2024 (Volume/Units)
3.North America Medical Grade Silicone Market By Form Market 2019-2024 ($M)
3.1 Gels Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Soft Skin Adhesives Market 2019-2024 ($M)
3.2 Medical Adhesives Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Pressure Sensitive Adhesives Market 2019-2024 ($M)
3.3 Medical Coatings Market 2019-2024 ($M) - Regional Industry Research
3.4 Elastomers Market 2019-2024 ($M) - Regional Industry Research
3.4.1 Liquid Silicone Rubber Market 2019-2024 ($M)
3.4.2 High Consistency Rubber Market 2019-2024 ($M)
4.South America Medical Grade Silicone Market By Form Market 2019-2024 ($M)
4.1 Gels Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Soft Skin Adhesives Market 2019-2024 ($M)
4.2 Medical Adhesives Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Pressure Sensitive Adhesives Market 2019-2024 ($M)
4.3 Medical Coatings Market 2019-2024 ($M) - Regional Industry Research
4.4 Elastomers Market 2019-2024 ($M) - Regional Industry Research
4.4.1 Liquid Silicone Rubber Market 2019-2024 ($M)
4.4.2 High Consistency Rubber Market 2019-2024 ($M)
5.Europe Medical Grade Silicone Market By Form Market 2019-2024 ($M)
5.1 Gels Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Soft Skin Adhesives Market 2019-2024 ($M)
5.2 Medical Adhesives Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Pressure Sensitive Adhesives Market 2019-2024 ($M)
5.3 Medical Coatings Market 2019-2024 ($M) - Regional Industry Research
5.4 Elastomers Market 2019-2024 ($M) - Regional Industry Research
5.4.1 Liquid Silicone Rubber Market 2019-2024 ($M)
5.4.2 High Consistency Rubber Market 2019-2024 ($M)
6.APAC Medical Grade Silicone Market By Form Market 2019-2024 ($M)
6.1 Gels Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Soft Skin Adhesives Market 2019-2024 ($M)
6.2 Medical Adhesives Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Pressure Sensitive Adhesives Market 2019-2024 ($M)
6.3 Medical Coatings Market 2019-2024 ($M) - Regional Industry Research
6.4 Elastomers Market 2019-2024 ($M) - Regional Industry Research
6.4.1 Liquid Silicone Rubber Market 2019-2024 ($M)
6.4.2 High Consistency Rubber Market 2019-2024 ($M)
7.MENA Medical Grade Silicone Market By Form Market 2019-2024 ($M)
7.1 Gels Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Soft Skin Adhesives Market 2019-2024 ($M)
7.2 Medical Adhesives Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Pressure Sensitive Adhesives Market 2019-2024 ($M)
7.3 Medical Coatings Market 2019-2024 ($M) - Regional Industry Research
7.4 Elastomers Market 2019-2024 ($M) - Regional Industry Research
7.4.1 Liquid Silicone Rubber Market 2019-2024 ($M)
7.4.2 High Consistency Rubber Market 2019-2024 ($M)

LIST OF FIGURES

1.US Medical Grade Silicone Market Revenue, 2019-2024 ($M)
2.Canada Medical Grade Silicone Market Revenue, 2019-2024 ($M)
3.Mexico Medical Grade Silicone Market Revenue, 2019-2024 ($M)
4.Brazil Medical Grade Silicone Market Revenue, 2019-2024 ($M)
5.Argentina Medical Grade Silicone Market Revenue, 2019-2024 ($M)
6.Peru Medical Grade Silicone Market Revenue, 2019-2024 ($M)
7.Colombia Medical Grade Silicone Market Revenue, 2019-2024 ($M)
8.Chile Medical Grade Silicone Market Revenue, 2019-2024 ($M)
9.Rest of South America Medical Grade Silicone Market Revenue, 2019-2024 ($M)
10.UK Medical Grade Silicone Market Revenue, 2019-2024 ($M)
11.Germany Medical Grade Silicone Market Revenue, 2019-2024 ($M)
12.France Medical Grade Silicone Market Revenue, 2019-2024 ($M)
13.Italy Medical Grade Silicone Market Revenue, 2019-2024 ($M)
14.Spain Medical Grade Silicone Market Revenue, 2019-2024 ($M)
15.Rest of Europe Medical Grade Silicone Market Revenue, 2019-2024 ($M)
16.China Medical Grade Silicone Market Revenue, 2019-2024 ($M)
17.India Medical Grade Silicone Market Revenue, 2019-2024 ($M)
18.Japan Medical Grade Silicone Market Revenue, 2019-2024 ($M)
19.South Korea Medical Grade Silicone Market Revenue, 2019-2024 ($M)
20.South Africa Medical Grade Silicone Market Revenue, 2019-2024 ($M)
21.North America Medical Grade Silicone By Application
22.South America Medical Grade Silicone By Application
23.Europe Medical Grade Silicone By Application
24.APAC Medical Grade Silicone By Application
25.MENA Medical Grade Silicone By Application
26.DOW Corning Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Wacker Chemie AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.3M Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Shin-Etsu Chemical Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Bluestar Silicones, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Nusil Technology LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Henkel AG & Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Momentive Performance Materials Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Zodiac Coating, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Royal DSM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Wynca Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Primasil Silicones Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)