openPR Logo
Press release

Medical Grade Silicone Market at a CAGR of 5.5% during the forecast 2021-2031 | BioPlexus, LLC, Dongguan City Betterly New Materials Co., Ltd., Primasil Silicones Limited

10-25-2023 05:16 AM CET | Health & Medicine

Press release from: Global Insight Services

The global medical grade silicone market was valued at USD 1.3 Billion in 2021 and it is anticipated to grow up to USD 2.2 Billion by 2031, at a CAGR of 5.5% during the forecast period.

Get Access to A Free Sample Copy of Our Latest Report - https://www.globalinsightservices.com/request-sample/GIS24331

Medical grade silicone is a type of silicone that is safe to use in medical applications. Silicone is a synthetic rubber that is made from silicon, oxygen, and other elements. It is known for its durability and resistance to heat, cold, and moisture. Medical grade silicone is often used in medical devices such as catheters, implants, and prosthetics. It is also used in medical applications where it comes into contact with the body, such as in wound care and surgery.

Market Trends and Drivers

The major factors driving the growth of this market include the growing demand for medical grade silicone from the healthcare industry, the increasing use of medical grade silicone in the manufacturing of medical devices, the growing preference for silicone over other materials in the healthcare industry, and the increasing awareness about the benefits of medical grade silicone. The healthcare industry is the major end-use industry of medical grade silicone.

The growing demand for medical devices and the increasing preference for silicone over other materials in the healthcare industry are the major factors driving the growth of the medical grade silicone market in this end-use industry. The medical devices industry is expected to grow at a significant rate during the forecast period due to the increasing prevalence of chronic diseases and the growing aging population. Silicone is widely used in the manufacturing of medical devices due to its biocompatibility, flexibility, and thermal stability.

The automotive industry is another major end-use industry of medical grade silicone. The increasing use of medical grade silicone in the manufacturing of automotive parts and components is driving the growth of the medical grade silicone market in this end-use industry. Automotive parts and components made from medical grade silicone offer superior performance and durability. They are also resistant to extreme temperatures, which makes them ideal for use in the automotive industry.

Read Full Research Report - https://www.globalinsightservices.com/reports/medical-grade-silicone-market/

Market Restraints and Challenges

High raw material costs may inhibit medical grade silicone market growth to a certain extent. Silicone rubber is thermally stable and resistant to harsh environments, making it more expensive that other natural and synthetic rubber varieties. This price is further impacted by disruptions in the supply chain. Due to the COVID-19 pandemic, most sectors are struggling to resolve their supply chain issues, especially the adhesive and sealant sector. This, in addition to the limited supply of raw components required for producing silicone, may hinder market expansion.

Major Players in the Global Medical Grade Silicone Market

The key players in the market Avantor, Inc., BioPlexus, LLC, Dongguan City Betterly New Materials Co., Ltd., Primasil Silicones Limited, Shin-Etsu Chemical Co., Ltd., STOCKWELL ELASTOMERICS, INC., Wacker Chemie AG, DuPont, Momentive Performance Materials, and Elkem ASA, among others.

Request For Customization - https://www.globalinsightservices.com/request-customization/GIS24331

COVID-19 Impact:

The COVID-19 outbreak had a massive economic impact, in developed as well as developing nations. The onset of the pandemic disrupted the operations of several small-scale and large-scale organizations in various sectors, including healthcare. As a result of the growing focus of healthcare organizations on treating people affected by COVID-19, many diagnostic and surgical procedures were postponed during the pandemic. This slowed down the adoption of medical grade silicones, especially in the early months of 2020, inhibiting market growth to a certain extent.

Global Medical Grade Silicone Market Segmentation

By Form

Gel
Rubber
Foam
Sheet
Block
Others

By Application

Respiratory Devices
Medical Device Components
Implants
Orthopedic products
Others

Buy Now - https://www.globalinsightservices.com/checkout/single_user/GIS24331

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Grade Silicone Market at a CAGR of 5.5% during the forecast 2021-2031 | BioPlexus, LLC, Dongguan City Betterly New Materials Co., Ltd., Primasil Silicones Limited here

News-ID: 3261589 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for Silicone

Revolutionizing Industries: Tenchy Silicone Introduces Cutting-Edge Silicone Tub …
Shenzhen Tenchy Silicone And Rubber Co., Ltd, a renowned leader in silicone products manufacturing, proudly announces the launch of its advanced silicone tubing solutions. Designed to meet the diverse needs of industries such as medical, automotive, and food and beverage, these innovative products represent a significant step forward in silicone technology. In a world where reliability, performance, and versatility are paramount, silicone tubing stands out as a material of choice for
Five common properties of silicone and the primary Types of Silicone
Silicones are a versatile class of polymers that come in various forms, offering immense potential for customization to meet the precise needs of the medical and aerospace sectors. Their characteristics enable them to perform diverse functions, such as sealing, lubricating, and fulfilling a host of other tasks. Silicone's versatility is attributed to its unique physical and mechanical properties, which make it a valuable material in various industries. This article will delve
Tenchy Silicone: Quality Silicone Tube Supplier for Different Industries
Tenchy Silicone is proud to announce the opening of their new headquarters, which will provide a quality silicone tube supplier service to different industries and businesses. Their silicone tubes are made from FDA-approved materials and are temperature resistant up to 230 degrees Celsius. All products come with an assurance of quality from Tenchy Silicone's team of experienced engineers and technicians who ensure that each product meets customer needs and specifications.
Tenchy Silicone introducing new silicone foam strip
Tenchy Silicone, the leading provider of high-quality silicone foam strip, is proud to announce their newest product. The Silicone Foam Strip features a combination of both closed-cell and open-cell foaming technologies which offers outstanding thermal insulation and water resistance properties as well as superior airtight performance. It also provides excellent cushioning for equipment, machinery, components and instruments to ensure protection from dust, moisture, abrasion and shock. In addition to its
Tenchy Silicone Announces Expansion on Silicone Tube Supplier Selection
Tenchy Silicone, a leading silicone tube supplier, is pleased to announce the expansion of its selection of products and services for customers. With over ten years of experience in the industry, the company has established a reputation for providing top-quality silicone tubes that meet customer needs and expectations. The new product line includes tubing from various manufacturers and offers a wide range of materials and sizes to accommodate every project.
Tenchy Silicone Unveils their New Silicone Seal Gasket
Tenchy Silicone recently released a new silicone seal gasket designed to be used in a variety of industrial applications. It also provides excellent temperature insulation thanks to its ability to withstand temperatures up to 260 °C without any deformation or loss of strength, making it ideal for large-scale industrial projects. The silicone seal gasket is also unaffected by chemicals and ultraviolet light, making it suitable for numerous industries including automotive,