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Medical grade silicone market growing at a 6.1% CAGR to 2022 detailed in new research report

Medical Market Research

The medical grade silicone market is expected to grow from $ 1.10 Billion in 2016 and reach $ 1.60 Billion by 2022, at a CAGR of 6.1% between 2017 and 2022.

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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (46%); Tier 2 (31%) and other (23%) companies were contacted for interviews.

The interviews were conducted with various key people such as C level (54%), Director Level (31%) and other (15%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (23%), Europe (31%), Asia-Pacific (38%), and Row (8%).

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Download Sample copy of Medical Grade Silicon Market @…mple?rname=653327

The report also provides company profiles and details the competitive strategies adopted by major market players such as

  1. Dow Corning (U.S.),
  2. Wacker Chemie AG (Germany),
  3. Shin-Etsu Chemical Co., Ltd. (Japan),
  4. Momentive (U.S.),
  5. Bluestar Silicones (France),
  6. 3M Company (U.S.).

With the growing demand for disposable devices, the demand for liquid silicone rubber (LSR) has also increased. Plastic injection molding companies have drifted into the LSR field to increase their hold and to cater the needs of the healthcare sector.

Liquid silicone rubber (LSR) is pure platinum-cure silicone that has properties such as biocompatibility, clearness, chemical & bacterial resistance, and resistance to high temperatures. LSR is being used in the manufacture of medical equipment parts that involve high accuracy such as sealing membranes, electric connectors, seals, infant care products such as bottle nipples, and multiple medical applications.

Access full report on  Medical Grade Silicone Market by Product Form (Gels, Soft Skin Adhesives, Pressure Sensitive Adhesives, Coatings, Liquid Silicone), Application (Prosthetics, Implants, Orthopedic, Devices, Tubes, Catheters, Tapes, Wound Care), and by Region - Global Trends & Forecast to 2021 at…hase?rname=653327

Asia-Pacific is estimated to be the fastest-growing market of medical grade silicone. The region is projected to be growing at a high rate in the medical silicone market due to the increasing application market, such as prefilled syringes, prosthetics, surgical implants, catheters, medical tapes, APIs, DDS, and others.

The rapidly growing demand in end-use applications, competitive manufacturing costs, and high economic growth rate are the favorable forces for the growth of the medical grade silicone market in the region. These factors are attracting companies to adopt expansion and R&D strategies in the Asia-Pacific region.

Market players are constantly focusing on this region in order to gain market share and increase their profitability.

Complete report on Medical Grade Silicone Market spread across 180 pages, profiling 10 companies and supported with 88 tables and 48 figures is now available at…arket-report.html

The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.

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