Medical Grade Silicone Market Report: Trends, Forecast and Competitive Analysis to 2030

Medical Grade Silicone Trends and Forecast

The future of the global medical grade silicone market looks promising with opportunities in the prosthetics & implant, orthopedics component, cardiovascular device, medical device, medical tape, and drug delivery system applications. The global medical grade silicone market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growig demand for cosmetic and plastic surgery and rising demand for silicon based implantable device.

A more than 150-page report is developed to help in your business decisions.

Medical Grade Silicone by Segment

The study includes a forecast for the global medical grade silicone by type, application, and region.

Medical Grade Silicone Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Gels
• Elastomers
• Medical Adhesives
• Medical Coatings
• Liquid Silicone Rubbers
• Foam
• Others

Medical Grade Silicone Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Prosthetics & Implants
• Orthopedics Components
• Cardiovascular Devices
• Medical Devices
• Medical Tapes
• Drug Delivery Systems
• Others

Medical Grade Silicone Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Medical Grade Silicone Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical grade silicone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical grade silicone companies profiled in this report include-

• Dow Corning
• Wacker Chemie
• Shin-Etsu Chemical
• Momentive
• Bluestar Silicones
• 3M Company
• Elkem
• Dupont
• Stockwell Elastomerics
• Primasil Silicones

Medical Grade Silicone Market Insights

Lucintel forecasts that liquid silicone rubber is expected to witness highest growth over the forecast period.

Within this market, medical device is expected to witness highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global Medical Grade Silicone Market

Market Size Estimates: Medical grade silicone market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Medical grade silicone market size by type, application, and region in terms of value ($B).

Regional Analysis: Medical grade silicone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the medical grade silicone market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical grade silicone market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the medical grade silicone market size?

Answer: The global medical grade silicone market is expected to reach an estimated $2.2 billion by 2030.

Q.2 What is the growth forecast for medical grade silicone market?

Answer: The global medical grade silicone market is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the medical grade silicone market?

Answer: The major drivers for this market are growig demand for cosmetic and plastic surgery and rising demand for silicon based implantable device.

Q4. What are the major segments for medical grade silicone market?

Answer: The future of the medical grade silicone market looks promising with opportunities in the prosthetics & implant, orthopedics component, cardiovascular device, medical device, medical tape, and drug delivery system applications.

Q5. Who are the key medical grade silicone market companies?

Answer: Some of the key medical grade silicone companies are as follows:

• Dow Corning
• Wacker Chemie
• Shin-Etsu Chemical
• Momentive
• Bluestar Silicones
• 3M Company
• Elkem
• Dupont
• Stockwell Elastomerics
• Primasil Silicones

Q6. Which medical grade silicone market segment will be the largest in future?

Answer: Lucintel forecasts that liquid silicone rubber is expected to witness highest growth over the forecast period.

Q7. In medical grade silicone market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the medical grade silicone market by type (gels, elastomers, medical adhesives, medical coatings, liquid silicone rubbers, foam, and others), application (prosthetics & implants, orthopedics components, cardiovascular devices, medical devices, medical tapes, drug delivery systems, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?