Global medical grade silicone market forecast with a CAGR of 6 percent through 2028
The Global Medical Grade Silicone Market is poised to value at a CAGR of over 6% during the forecast period 2022 to 2028 according to FutureWise Research.
Silicone is a common polymer compound used in the manufacture of many items including electronics, cosmetics, and healthcare. Silicone is used in medical devices such as prosthetic limbs and surgical instruments. Silicone is known for its superior mechanical properties, including high strength, flexibility, and long-term durability. Soft contact lenses made from silicone are also more comfortable than hard gas-permeable lenses. Because of its lightweight and aesthetic qualities, silicone is becoming a popular material for medical device makers. Silicone is biocompatible, so it can be used in surgical procedures such as prosthetics and orthopedics. This polymer can be used to make flexible and soft prosthetic liners. These liners are applied to the residual limb to prevent contact with prosthetic devices. Many applications use medical grade silicone, including tubes, dental retainers, and implants for long-term & short-term use, nasal masks, nonstick containers, menstrual cups as well as seal & gaskets, scar therapy gel sheets, and syringe pistons. For medical applications, medical-grade silicone has been tested for biocompatibility. The three main categories of medical-grade silicones are non-implantable; short-term implantable; and long-term. They are used in tubes, dental retainers, and implants for long-term & short-term use.
Medical Grade Silicone, a biocompatible material, is used in the manufacturing of many medical devices. It is known for its ability to heal wounds, reduce scarring, and provide comfort. It is used in the manufacture of hydrocephalus (shunts) that aid in draining excess fluid from the brain. Silicone gel is used in many applications, including prosthetics and implants. It can also be used for transdermal and topical wound care applications. They can also be used in other medical applications such as comfort and skin pads. Silicone for medical use is medical grade. It’s used in disposable and implantable medical devices that require high safety standards and performance. Instruments that use Medical Grade Silicone, such as heart pumps and defibrillators have critical functions. They also employ biocompatible, hydrophobic, and silicone reconstructive properties.
The Medical Grade Silicone Report breaks down the geographic outlook into regions such as North America, Latin America, and Europe. It also includes information about Asia-Pacific and Middle East & Africa.
This study gives information on the growth rates of each regional market during the period under analysis.
It is possible to draw inferences about the market share, assembly volume, and remuneration of each topography within the Medical Grade Silicone market during the forecast period.
The report contains detailed regional market summaries that include consumption volumes and prices, value trends, and profit margins. This will help stakeholders make informed and quick decisions.
Some of the key market players are DOW Corning Corporation; Wacker Chemie AG; 3M Company; Shin-Etsu Chemical Co. Ltd.; Bluestar Silicones (Elkem Group).