Press release
Medical Grade Silicone Market Growth: Key Trends, Innovations, and Future Projections
Medical Grade Silicone Market Trends
As per the report, the medical grade silicone market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The medical grade silicone market size is expected to see strong growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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What Is Driving The Growth Of The Global Medical Grade Silicone Market?
Growth Of The Medical-Grade Silicone Market Is Supporting Advanced Healthcare Innovations
The rise in the production of medical devices and components is expected to propel the growth of the medical-grade silicone market going forward. Medical devices and components refer to instruments, apparatuses, implants, or other products used in healthcare to diagnose, prevent, monitor, treat, or alleviate disease or injury. The demand for medical devices and their components is primarily driven by the need for innovative medical devices that can provide accurate diagnosis and effective treatment options continues to grow. Additionally, the rising focus on preventive healthcare and the shift towards personalized medicine also fuel the demand for tailored devices and diagnostic tools. Medical-grade silicone enhances the performance and safety of medical devices and components, ensuring biocompatibility, durability, and regulatory compliance
What Is The Key Trend In The Global Medical Grade Silicone Market?
Advancements In Medical-Grade Silicone Adhesives Is Enhancing Skin Adhesion And Comfort In Wound Care And Wearable Devices
Major companies operating in the medical-grade silicone market are developing advanced solutions such as higher-adhesion silicone materials to enhance skin adhesion for advanced wound care and wearable medical devices. Higher-adhesion silicone materials refer to compounds engineered to adhere more effectively to various substrates, offering improved bonding strength and durability in applications such as sealants, adhesives, and coatings.
How Is The Global Medical Grade Silicone Market Segmented?
The medical grade silicone market covered in this report is segmented -
1) By Product Type: Gels And Elastomers, Medical Grade Silicone Fluids, Medical Grade Silicone Resins, Other Type
2) By Application: Medical Devices, Pharmaceuticals, Prosthetics And Orthopedics, Wound Care, Other Application
3) By End-User: Hospitals And Clinics, Pharmaceutical Companies, Research and Academic Institutions, Other End-Users
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How Is The Competitive Landscape Of The Global Medical Grade Silicone Market?
Major companies operating in the medical grade silicone market are Dow Inc., 3M Company, Shinu-Estu Chemical Co. Ltd., Evonik Industries AG, DuPont de Nemours Inc., Wacker Chemie AG, Avantor Inc., KCC Corporation, Trelleborg AB, Elkem ASA, Quantum Silicones LLC, Biomerics LLC, ACC Silicones Ltd., Momentive Performance Materials, Saint-Gobain Performance Plastics, NuSil Technology LLC, Applied Silicone Corporation, Silex Silicones Ltd., Stockwell Elastomerics Inc., Specialty Silicone Products Inc., Primasil Silicones Limited, Bio Plexus LLC, Dongguan City Betterly New Materials Co. Ltd, Wynca Group
Contents Of The Global Medical Grade Silicone Market
1. Executive Summary
2. Medical Grade Silicone Market Report Structure
3. Medical Grade Silicone Market Trends And Strategies
4. Medical Grade Silicone Market - Macro Economic Scenario
5. Medical Grade Silicone Market Size And Growth
…..
27. Medical Grade Silicone Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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