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Medical Grade Silicone Market Competitive Analysis and Future Growth Prospects | 2024
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The report offers a comprehensive evaluation of the global medical grade silicone market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the global medical grade silicone market, including but not limited to: Regional markets, technology, types, and applications.
The growing need for disposable devices has led to an increased demand for medical grade silicone. Liquid rubber silicone, for instance, is utilized in sealing membranes, electric connectors, seals, and infant care products such as bottle nipples, besides several other medical applications. Lifestyle shifts and changing concepts of beauty resulting in the rising incidence of cosmetic and plastic surgeries are considered to be significant drivers of the global medical grade silicone market. Modern food habits often associated with cardiovascular diseases play a role as well in the growth of the global medical grade silicone market.
The global medical grade silicone market has shown a significant growth in 2015 and is expected to exhibit the same trend during the forecast period. Asia Pacific is projected to be a rapidly expanding market of medical grade silicone due to applications such as prefilled syringes, prosthetics, surgical implants, catheters, and medical tapes. North America and Europe are major consumers thanks to the technological advancements and mounting health concerns in these regions. The developmental activities in Latin America and Middle East & Africa make them emerging regions in the global medical grade silicone market.
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Key players in the global medical grade silicone market include Dow Corning, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Bluestar Silicones, 3M Company, Nusil Technology Llc, and Applied Silicone Corporation.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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