Medical Grade Silicone Market expected to grow at a CAGR of 6.1% with Industry Size, Share and Rising Trend till 2022

The Medical Grade Silicone Market is expected to grow from USD 1.10 Billion in 2016 and reach USD 1.60 Billion by 2022, at a CAGR of 6.1% between 2017 and 2022. The main objective of the study is to define, describe, and forecast the medical grade silicone market based on product form and application. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In the report, the market size is projected for segments, in terms of value and volume, with respect to five major regions (along with the countries), namely, North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

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Silicone gel is increasingly being used in various medical applications which range from very soft gels for prosthetic and implant applications, to very sticky gels for topical and transdermal wound care applications. Silicone gel has proved to be very effective for scar treatment and cause 86% decrease in texture, 84% decrease in color, and 68% decrease in the height of scars. These are also used in other medical applications, such as skin coverings, comfort pads, and others. One of the latest advancements is the use of silicone gel to manufacture silicone gel sheets, which are used for the treatment of deep scars that need to be protected and covered.

The prosthetics and orthopedics segment is witnessing new technological developments such as CAD/CAM dentistry (computer-aided design and computer-aided manufacturing) that is used to improve the design and creation of dental restorations especially dental prostheses, including crowns, crown lays, veneers, and orthodontic appliances. These developments further propel the medical grade silicone market.

Key Target Audience:

• Medical Grade Silicone Manufacturers
• Medical Grade Silicone Traders, Distributors, and Suppliers
• Medical Grade Silicone Formulators and Compounders
• Raw Material Suppliers
• Government and Research Organizations
• FDA Regulatory Bodies
• Center for Devices and Radiological Health (CDRH) Regulatory Bodies
• Environment and Safety Evaluation Regulatory Bodies

Top key players such as Dow Corning (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive (US), Bluestar Silicones (France), 3M Company (US) have adopted development strategies such as expansions, agreements & collaborations, and new product development to achieve growth in the Medical Grade Silicone Market.

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