Medical Grade Silicone Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Medical Grade Silicone Market covers analysis by Form (Gels, Medical Adhesives, Medical Coatings, Elastomers, Others); Application (Prosthetics, Orthopedic components, Medical devices, Medical Tapes, Contact lenses, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004867
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

The medical grade silicone market refers to the market for silicone-based products used in the medical industry. Medical grade silicone is a biocompatible and non-toxic material with many applications in the medical field, including as a material for prosthetics, implants, catheters, and wound care products. The increasing demand for medical devices and the growing demand for improved patient outcomes drive the growth of the Medical Grade Silicone Market. The market is expected to grow in the coming years, driven by advancements in medical technology and increasing investment in research and development in the medical sector.

MARKET DYNAMICS

Rapid shifts in lifestyle and changing concepts of beauty, which gives heat to the incidence of cosmetic and plastic surgeries are significant drivers of global medical grade silicone market. Extensive application of these medical grade silicone in the healthcare and pharmaceutical industry also drives the growth of the market. However, stringent regulatory policies and time-consuming approval process restrain the market. Growing healthcare markets in emerging countries is an opportunity for the growth of the market in the future.

MARKET SCOPE

The "Global Medical Grade Silicone Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical grade silicone market with detailed market segmentation by type, application, and geography. The global the medical grade silicone market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading the medical grade silicone players and offers key trends and opportunities in the market.

MARKET SEGMENTION

The global medical grade silicone market is segmented on the basis of type, application, and geography. On the basis of type, the market classify into gels, medical adhesives, medical coatings, elastomers and others. The market on the basis of application is bifurcated into prosthetics, orthopedic components, medical devices, medical tapes, contact lenses and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the medical grade silicone market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The medical grade silicone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting medical grade silicone market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical grade silicone market in these regions.

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the medical grade silicone market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The medical grade silicone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting medical grade silicone market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical grade silicone market in these regions.

MARKET PLAYERS

The reports cover key developments in the medical grade silicone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical grade silicone market are anticipated to lucrative growth opportunities in the future with the rising demand for medical grade silicone in the global market. Below mentioned is the list of few companies engaged in the medical grade silicone market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical grade silicone market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  • Dow Corning Corporation
  • 3M Company
  • Wacker Chemie AG
  • Shin-Etsu Chemical Co. Ltd.
  • NuSil Technology LLC
  • Henkel AG & Co.
  • Specialty Silicone Fabricators, Inc.
  • Applied Silicone Corporation
  • Zodiac Coating
  • Blue star Silicones

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Grade Silicone Market - By Form
1.3.2 Medical Grade Silicone Market - By Application
1.3.3 Medical Grade Silicone Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MEDICAL GRADE SILICONE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. MEDICAL GRADE SILICONE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. MEDICAL GRADE SILICONE MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL GRADE SILICONE - GLOBAL MARKET OVERVIEW
6.2. MEDICAL GRADE SILICONE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. MEDICAL GRADE SILICONE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. GELS
7.3.1. Overview
7.3.2. Gels Market Forecast and Analysis
7.4. MEDICAL ADHESIVES
7.4.1. Overview
7.4.2. Medical Adhesives Market Forecast and Analysis
7.5. MEDICAL COATINGS
7.5.1. Overview
7.5.2. Medical Coatings Market Forecast and Analysis
7.6. ELASTOMERS
7.6.1. Overview
7.6.2. Elastomers Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. MEDICAL GRADE SILICONE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PROSTHETICS
8.3.1. Overview
8.3.2. Prosthetics Market Forecast and Analysis
8.4. ORTHOPEDIC COMPONENTS
8.4.1. Overview
8.4.2. Orthopedic components Market Forecast and Analysis
8.5. MEDICAL DEVICES
8.5.1. Overview
8.5.2. Medical devices Market Forecast and Analysis
8.6. MEDICAL TAPES
8.6.1. Overview
8.6.2. Medical Tapes Market Forecast and Analysis
8.7. CONTACT LENSES
8.7.1. Overview
8.7.2. Contact lenses Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis

9. MEDICAL GRADE SILICONE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Medical Grade Silicone Market Overview
9.1.2 North America Medical Grade Silicone Market Forecasts and Analysis
9.1.3 North America Medical Grade Silicone Market Forecasts and Analysis - By Form
9.1.4 North America Medical Grade Silicone Market Forecasts and Analysis - By Application
9.1.5 North America Medical Grade Silicone Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Medical Grade Silicone Market
9.1.5.1.1 Canada Medical Grade Silicone Market by Form
9.1.5.1.2 Canada Medical Grade Silicone Market by Application
9.1.5.2 Mexico Medical Grade Silicone Market
9.1.5.2.1 Mexico Medical Grade Silicone Market by Form
9.1.5.2.2 Mexico Medical Grade Silicone Market by Application
9.1.5.3 US Medical Grade Silicone Market
9.1.5.3.1 US Medical Grade Silicone Market by Form
9.1.5.3.2 US Medical Grade Silicone Market by Application
9.2. EUROPE
9.2.1 Europe Medical Grade Silicone Market Overview
9.2.2 Europe Medical Grade Silicone Market Forecasts and Analysis
9.2.3 Europe Medical Grade Silicone Market Forecasts and Analysis - By Form
9.2.4 Europe Medical Grade Silicone Market Forecasts and Analysis - By Application
9.2.5 Europe Medical Grade Silicone Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Medical Grade Silicone Market
9.2.5.1.1 Germany Medical Grade Silicone Market by Form
9.2.5.1.2 Germany Medical Grade Silicone Market by Application
9.2.5.2 France Medical Grade Silicone Market
9.2.5.2.1 France Medical Grade Silicone Market by Form
9.2.5.2.2 France Medical Grade Silicone Market by Application
9.2.5.3 Italy Medical Grade Silicone Market
9.2.5.3.1 Italy Medical Grade Silicone Market by Form
9.2.5.3.2 Italy Medical Grade Silicone Market by Application
9.2.5.4 United Kingdom Medical Grade Silicone Market
9.2.5.4.1 United Kingdom Medical Grade Silicone Market by Form
9.2.5.4.2 United Kingdom Medical Grade Silicone Market by Application
9.2.5.5 Russia Medical Grade Silicone Market
9.2.5.5.1 Russia Medical Grade Silicone Market by Form
9.2.5.5.2 Russia Medical Grade Silicone Market by Application
9.2.5.6 Rest of Europe Medical Grade Silicone Market
9.2.5.6.1 Rest of Europe Medical Grade Silicone Market by Form
9.2.5.6.2 Rest of Europe Medical Grade Silicone Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Medical Grade Silicone Market Overview
9.3.2 Asia-Pacific Medical Grade Silicone Market Forecasts and Analysis
9.3.3 Asia-Pacific Medical Grade Silicone Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Medical Grade Silicone Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Medical Grade Silicone Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Medical Grade Silicone Market
9.3.5.1.1 Australia Medical Grade Silicone Market by Form
9.3.5.1.2 Australia Medical Grade Silicone Market by Application
9.3.5.2 China Medical Grade Silicone Market
9.3.5.2.1 China Medical Grade Silicone Market by Form
9.3.5.2.2 China Medical Grade Silicone Market by Application
9.3.5.3 India Medical Grade Silicone Market
9.3.5.3.1 India Medical Grade Silicone Market by Form
9.3.5.3.2 India Medical Grade Silicone Market by Application
9.3.5.4 Japan Medical Grade Silicone Market
9.3.5.4.1 Japan Medical Grade Silicone Market by Form
9.3.5.4.2 Japan Medical Grade Silicone Market by Application
9.3.5.5 South Korea Medical Grade Silicone Market
9.3.5.5.1 South Korea Medical Grade Silicone Market by Form
9.3.5.5.2 South Korea Medical Grade Silicone Market by Application
9.3.5.6 Rest of Asia-Pacific Medical Grade Silicone Market
9.3.5.6.1 Rest of Asia-Pacific Medical Grade Silicone Market by Form
9.3.5.6.2 Rest of Asia-Pacific Medical Grade Silicone Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Medical Grade Silicone Market Overview
9.4.2 Middle East and Africa Medical Grade Silicone Market Forecasts and Analysis
9.4.3 Middle East and Africa Medical Grade Silicone Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Medical Grade Silicone Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Medical Grade Silicone Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Medical Grade Silicone Market
9.4.5.1.1 South Africa Medical Grade Silicone Market by Form
9.4.5.1.2 South Africa Medical Grade Silicone Market by Application
9.4.5.2 Saudi Arabia Medical Grade Silicone Market
9.4.5.2.1 Saudi Arabia Medical Grade Silicone Market by Form
9.4.5.2.2 Saudi Arabia Medical Grade Silicone Market by Application
9.4.5.3 U.A.E Medical Grade Silicone Market
9.4.5.3.1 U.A.E Medical Grade Silicone Market by Form
9.4.5.3.2 U.A.E Medical Grade Silicone Market by Application
9.4.5.4 Rest of Middle East and Africa Medical Grade Silicone Market
9.4.5.4.1 Rest of Middle East and Africa Medical Grade Silicone Market by Form
9.4.5.4.2 Rest of Middle East and Africa Medical Grade Silicone Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Medical Grade Silicone Market Overview
9.5.2 South and Central America Medical Grade Silicone Market Forecasts and Analysis
9.5.3 South and Central America Medical Grade Silicone Market Forecasts and Analysis - By Form
9.5.4 South and Central America Medical Grade Silicone Market Forecasts and Analysis - By Application
9.5.5 South and Central America Medical Grade Silicone Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Medical Grade Silicone Market
9.5.5.1.1 Brazil Medical Grade Silicone Market by Form
9.5.5.1.2 Brazil Medical Grade Silicone Market by Application
9.5.5.2 Argentina Medical Grade Silicone Market
9.5.5.2.1 Argentina Medical Grade Silicone Market by Form
9.5.5.2.2 Argentina Medical Grade Silicone Market by Application
9.5.5.3 Rest of South and Central America Medical Grade Silicone Market
9.5.5.3.1 Rest of South and Central America Medical Grade Silicone Market by Form
9.5.5.3.2 Rest of South and Central America Medical Grade Silicone Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. MEDICAL GRADE SILICONE MARKET, KEY COMPANY PROFILES
11.1. DOW CORNING CORPORATION (US)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. 3M COMPANY (US)
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. WACKER CHEMIE AG (GERMANY)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SHIN-ETSU CHEMICAL CO. LTD. (JAPAN)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NUSIL TECHNOLOGY LLC (US)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HENKEL AG AND CO. (GERMANY)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SPECIALTY SILICONE FABRICATORS, INC. (US)
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. APPLIED SILICONE CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ZODIAC COATING (GERMANY)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BLUESTAR SILICONES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

  • Dow Corning Corporation
  • 3M Company
  • Wacker Chemie AG
  • Shin-Etsu Chemical Co. Ltd.
  • NuSil Technology LLC
  • Henkel AG & Co.
  • Specialty Silicone Fabricators, Inc.
  • Applied Silicone Corporation
  • Zodiac Coating
  • Blue star Silicones

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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