Report Sellers has added a new market research report “Medical Grade Silicone – Global Market Outlook (2017-23)” to its offerings.
According to Report, the Global Medical Grade Silicone Market is accounted for $1.13 billion in 2016 and is expected to reach $1.84 billion by 2023 growing at a CAGR of 7.2% during the forecast period. Huge growth of application is orthopedic components and medical devices are some of the key factors favoring the market growth. However, strict government regulations and escalating raw material cost are hampering the market. Increasing healthcare in developing countries provides ample of opportunities for the market growth.
By Application, Prosthetics and Orthopedic segments are expected to witness huge growth during the forecast period owing to their physical properties of chemical inertness, elasticity and skin-like texture. By Form, Gels segment commanded the largest market share attributed to growing usage of this product in medical applications. Silicone gel has tested to be extremely useful for scar treatment and cause 86% decrease in texture, 84% decrease in color, and 68% decrease in the height of scars.
North America commanded the largest market share due to the presence of technology advancement and medical grade silicone built-up companies in this region. Asia Pacific is expected to grow at a fastest CAGR owing to the fast growing infrastructure that provides ample of opportunities for medical grade silicone market growth in the region.
Some of the key players in Medical Grade Silicone market include 3M Company, Saint-Gobain Performance Plastics, Royal DSM, Henkel AG & Co., DOW Corning Corporation, Specialty Silicone Fabricators, Inc., Polymer Science, Inc., Nusil Technology LLC, Zodiac Coating, Primasil Silicones Limited, Wacker Chemie AG, Bioplexus, Stockwell Elastomerics Inc., Momentive Performance Materials Inc. and Wynca Group.
Browse through the complete description and in-depth TOC on “Global Medical Grade Silicone Market”
What does the Report Offers
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
Global Medical Grade Silicone Market has been segmented by applications covered, forms covered and regions covered
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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