North American Medical Grade Silicone Market Growth, Size, Share, Industry Report and Forecast 2021-2027

The North American Medical Grade Silicone market is anticipated to grow significantly at a CAGR of 5.9% over the forecast period (2021-2027). The US and Canada are the key economies that contribute to the growth of the North American Medical Grade Silicone market over the forecast period. The key aspect that drives the growth of the North American Medical Grade Silicone market includes the rising prevalence of chronic cardiovascular diseases across the North American region. The North American market has witnessed potential growth owing to the rising prevalence of CVDs. According to the Heart & Stroke Foundation in Canada, 1.6 million fatalities occur every year due to stroke and at least 1.3 million Canadians live with heart disease.

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According to the Center for Medicare and Medicaid Services, in 2018, the US national healthcare expenditure was around $3.6 trillion showing a 4.4% increase in healthcare expenditure up from 3.9% in 2017. It is further expected to reach $6.0 trillion by 2027. The US has the highest healthcare spending across the globe. Hence, this is also likely to contribute to the growth of the market. Further, the presence of the key players also supports the growth of the North American medical grade silicone market over the forecast period.

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Market Coverage
• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Form and Application
• Region Covered- North America
• Competitive Landscape- 3M Co., DOW Corning Corp., Henkel AG & Co. KGaA, Royal DSM NV, Momentive Performance Materials Inc., Saint-Gobain Performance Plastics, and Wacker Chemie AG among others

North American Medical Grade Silicone Market – Segmentation

By Form

• Gels
• Medical Adhesives
• Medical Coatings
• Elastomers

By Application

• Medical Devices
• Medical Tapes
• Oral Care
• Prosthetics & Orthopedic
• Contact Lenses
• Others

Regional Analysis

North America

• United States
• Canada

Company Profiles

• 3M Co.
• Bluestar Silicones (Elkem Group)
• DOW Corning Corp.
• Finesse Medical Ltd.
• Henkel AG & Co. KGaA
• Momentive Performance Materials Inc.
• Primasil Silicones Ltd.
• Royal DSM NV
• Saint-Gobain Performance Plastics
• Specialty Silicone Fabricators, Inc.
• Stockwell Elastomeric Inc.
• Vesta Inc.
• Wacker Chemie AG

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