openPR Logo
Press release

Silicone Based Medical Applications Market Set to Witness an Uptick During 2017 - 2025 : Persistence Market Research

05-12-2017 02:52 PM CET | Health & Medicine

Press release from: Persistence Market Research

Silicone Based Medical Applications Market Set to Witness

Silicone has been used for numerous applications in healthcare such as implantable and disposable medical devices, pharmaceutical preparations etc. It has gained acceptance in healthcare industry because of it is less toxic and superior biocompatibility. Also silicones can withstand a wider range of temperature and chemicals (it resists water and many chemicals, including some acids, ammonia and isopropyl alcohol). Silicone based medical applications market comprises of different forms of silicone available as gel, fluids, wax, elastomer, compounds and pressure sensitive adhesives, these are used for multiple applications such as siliconization of needles and syringes, medical device lubrication, excipients for topical formulations, gentle adhesive for skin, wound interface, soft matrix for drug release etc. It also has wide adaptability in manufacturing implants, catheters, tubes, drains, respiratory mask etc.

Silicone based medical applications market revenue is growing with a significant rate, this is attributed to increasing usage of silicone for medical devices such as catheters, implants, drainage tubes etc. The primary factor responsible for the growth of silicone is attributed to growing need for disposable devices due to increase in the number of hospital admissions. In addition to this, increase in the demand for prosthetic implants, drives the revenue growth of silicone based medical applications market. Growing healthcare expenditure and increasing awareness regarding prosthetic implants and it usage for patients underwent amputation or surgical removal aids in the revenue growth of silicone based medical applications market. Increasing number of new product launches is also expected to drive the market for silicone in medical applications over the forecast period. However stringent regulations regarding use of silicone for medical devices is expected to hamper the growth of the silicone based medical applications market over the forecast period.

Silicone based medical applications market revenue is expected to grow at a significant growth rate over the forecast period. The market is anticipated to perform well in the near future due to increasing prevalence of various chronic disorders which leads to increase in the demand for silicone based products in hospitals. Also the market is anticipated to grow with a fastest CAGR over the forecast period, attributed to increasing need for orthopedic and prosthetic implants, medical tapes and catheters such as central venous catheter, peripherally inserted central catheter, balloon catheters etc. Whereas silicone also has its application for manufacturing implants such as breast implants. Thus increasing number of mastectomy cases also drives the market for silicone. Therefore increasing number of trauma cases, injuries, amputation surgeries are the major factors estimated to drive the revenue growth of silicone based medical applications market.

Depending on geographic region, the silicone based medical applications market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).

North America is occupying the largest regional market share in the global silicone based medical applications market owing to the presence of more number of market players, high awareness levels regarding the use of various silicone devices. Effective reimbursement policies and relatively larger number of R&D exercises pertaining to product manufacturing and marketing activities in the region. Also Asia Pacific (APAC) is expected to perform well in the near future due to increasing usage of the silicone devices and products attributed to local and regional players in the region.

Asia Pacific is expected to grow at the fastest CAGR because of increase in the number of hospital admissions and growing geriatric population in the region, thus boosting the market growth of silicone based medical applications market throughout the forecast period.

Some players of silicone based medical applications market includes Shin-Etsu Chemical Co., 3M Company, Applied Silicone Corporation, Wacker Chemie AG, Dow Corning, Bluestar Silicones, Quantum Silicones, LLC., and Momentive, The competitive landscape in silicone based medical applications market comprises of vendors companies or raw material manufacturers, companies manufacturing silicone for medical applications and the distributors in silicone based medical applications market. These companies are increasingly engaged in strategic partnerships, collaborations and promotional activities to capture a greater pie of market share as the market is growing with the fastest CAGR.

A Sample of this Report is Available Upon Request @ http://www.persistencemarketresearch.com/samples/13834

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Request to View Tables of Content @ http://www.persistencemarketresearch.com/toc/13834

About Us 
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
 PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.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 Silicone Based Medical Applications Market Set to Witness an Uptick During 2017 - 2025 : Persistence Market Research here

News-ID: 534506 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

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,