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Medical Grade Silicone Market | Regional Industry Segmentation, Analysis by Production, Application, Consumption, Revenue and Growth Rate by Forecast 2023

(May 14, 2018)

"Medical Grade Silicone Market"
Global Medical Grade Silicone Market Information: By Product (Elastomers, Gels, Medical Adhesives, Medical Coatings, And Others), Application (Medical Devices, Medical Tapes, Orthopedics, Prosthetics, And Contact Lenses), And Region Forecast Till 2023

Medical Grade Silicone Market – Market Overview

Medical Grade Silicone is biocompatible material mainly used in the manufacturing of medical devices due to their healing capability, improving appearance of scars, and comforting properties.

The Global Medical Grade Silicone Market is driven by its extensive use in medical devices for manufacturing feeding tubes, drains, catheters, seals & gaskets, and others. This demand can be attributed to the superior properties such as heat resistance, flexibility, low chemical reactivity, and low toxicity. The growing geriatric population, increasing cardiovascular diseases, and cosmetic & plastic surgeries are other factors influencing the market growth. Furthermore, the demand for minimally invasive surgeries is likely to propel the market growth during the forecast period.

Medical Grade Silicone Market- Competitive Landscape

The Global Medical Grade Silicone Market is witnessing rapid growth primarily driven by growing demand by its applications in medical devices, medical tapes, orthopedics, and others.  3M, Saint-Gobain Performance Plastics, Koninklijke DSM N.V., Momentive, Zodiac Coating SAS, Trelleborg AB, Shin-Etsu Chemical Co., Ltd, Nusil Technology LLC, Henkel AG & Co. KGaA, Polymer Science, Inc., Applied Silicone Corporation, Primasil Silicones Ltd. are the leading players in this market. Most of these market participants are adopting the acquisition, collaboration tactics and launching new products in order to strengthen their market position and meet the growing demand. Growing construction and automotive sector coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Medical Grade Silicone in the global market. Considering these trends, the Global Medical Grade Silicone Market is set to witness considerable competition over the forecast period of 2017-2023.

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Industry/ Innovation/ Related News:

February 13, 2015- A subsidiary of Shin-Etsu Chemical Co. Ltd., one of the oldest chemical company in Japan, named Shin-Etsu Silicones of America, Inc. introduced a new product line – Low Dn LIMS at MD&M West 2015 in California. The KEG2003H Low Dn LIMS product line have been formulated and manufactured to significantly reduce the level of low molecular weight siloxane volatile content to lower their post-curing cost. KEG2003H is available in hardness from 30-70 shore A.

February 09, 2016- Dow Corning, a global leader in silicones, silicone-based technology & innovation, introduced a new family of silicone pressure sensitive adhesives at MD&M West that help in solving skin issues associated with acrylics. These adhesives have excellent permeability to water vapour and gas, which make them a choice for medical applications in which increased aeration is required. Dow Corning MG-2402 and Dow Corning MG-2502 silicone pressure sensitive adhesives can be processed using conventional roll coating equipment for solvent-based systems. While, Dow Corning MG-2410 Silicone Pressure Sensitive Adhesive can be applied using conventional hot melt coating equipment and the Dow Corning MG-2401 Silicone Adhesive grade is designed to be used in applications where the liquid adhesive is brushed or sprayed onto the skin.

November 13, 2017- Groupe Sebbin Announces the Launch of One of the World’s Largest Long Term Prospective Clinical Trials on Silicone Breast Implants with about 1500 enrolled patients. These studies, ongoing or already completed, are being conducted worldwide, in up to 10 countries: France, Spain, United Kingdom, Germany, Belgium, Luxembourg, Russia, Israel, Argentina and South Korea. The results of these clinical trials provide medical evidence in breast augmentation as well as in breast reconstruction.

November 14, 2017- A business unit of the DowDuPont Specialty Products Division, Dow Medical Solutions, augmented its customizable solutions by launching two products at Companed, Germany. The products include Dow Corning QP1-33X0 Liquid Silicone Rubber and Dow Corning QP1-5040 Self-Adhesive Liquid Silicone Rubber. The former product enables faster cure at lower temperatures and allows faster injection speed at low injection pressure while the latter offers cure at lower temperatures to combine hard and soft components, which allows reasonable molding cycle times and is suitable for insert molding.

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