Medical Grade Silicone Market - Global Forecast to 2026, by Product Type (Elastomers, Gels, Medical Adhesives, Medical Coatings, and Others), by Application (Contact Lenses, Medical Devices, Medical Tapes, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Mar 2019 |
  • Pages : 148 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Medical Grade Silicone Market – A Novel Approach in Prosthetics and Orthopedics

Medical grade silicone play a major role in advanced healthcare, as they are ideal choice for implantable and disposable medical devices, which require high performance and safety standards when intended to be used in human body.

The global medical grade silicone market size was valued at US$ 1,117.8 million in 2017, and is expected to exhibit a CAGR of 6.3 % over the forecast period (2018 – 2026).

Figure 1. Global Medical Grade Silicone Market Value (US$ Mn), by Region, 2017

                                                                                                                                        

                                                                   Source: Coherent Market Insights Analysis (2018)

Increasing incidence of osteoporosis is expected to propel growth of the medical grade silicone market

Medical grade silicone is available in various types such as elastomers, gels, medical adhesives, medical coatings, and others. Instruments including medical grade silicone find its usage in defibrillators, heart pumps, and surgical reconstructive components, owing to biocompatibility and hydrophobicity properties of the material. Moreover, high prevalence of osteoporosis is expected to propel demand for prosthetics and orthopedics, which in turn is expected to drive the market growth. According to the National Center for Biotechnology Information (NCBI), March 2016, an estimated 8.9 million fractures are caused annually by osteoporosis worldwide, affecting around 200 million women across the world.

Moreover, increasing incidences of trauma associated with skeletal injuries is boosting growth of the medical grade silicone market over the forecast period. According to the World Health Organization (WHO) factsheet 2018, road accidents cause around 20 and 50 million injuries annually around the world. Road traffic injuries are the leading cause of death among people aged between 5 and 29 years, and over 1.35 million people die each year as a result of road traffic crashes, globally.         

Figure 2. Global Medical Grade Silicone Market Share (%), by Material Type, 2018 and 2026

                                                                    Source: Coherent Market Insights Analysis (2018)

Increasing prevalence of cardiovascular diseases in North America is expected to bolster the market growth

North America holds dominant position in the global medical grade silicone market, owing to high prevalence of cardiovascular diseases in the region. According to the American Heart Association, 2016, cardiovascular diseases accounted for around 17.3 million deaths annually worldwide, where an estimated 23.3 million people are expected to die from cardiovascular disease by 2030.

Moreover, increase in geriatric population in this region is expected to propel demand for orthodontics and prosthetics, which in turn is expected to bolster the market growth over the forecast period. According to the Centers for Disease Control and Prevention (CDC) report, 2017, around 6.6 % rise in dental visits was registered in the U.S. from 2010 to 2016.

Moreover, key players in the market are focused on receiving the U.S. Food and Drug Administration (FDA) approval for novel products to treat patients. For instance, in August 2016, Avantor Performance Materials and NuSil Technology LLC merged through an agreement. This agreement is expected to strengthen the company portfolio and create high purity materials for lifesciences.

 

Key Players

Major players operating in the global medical grade silicone market include 3M Company, Albright Technologies, Elkem Silicone, Dow Corning, FMI LLC, Momentive, Nusil Technology LLC, Primasil Silicones Limited, Shin-Etsu Chemical Co. Ltd., and Wacker Chemie AG.

 

 

Medical grade silicone is biocompatible with living tissues and is widely used in medical devices, such as in prosthetics, catheter in cardiology and others. It has gained a widespread acceptance owing to its less toxicity, hydrophobic properties, and low risk of unfavorable biological reactions. It has wide scope of application as prosthetics, medical tapes, medical adhesives, and others.

Market Dynamics

Increasing prevalence of trauma injuries, osteoporosis, and cardiovascular diseases is a major factor driving medical grade silicone market growth. According to World Health Organization (WHO) factsheet, 2018, annually there are around 37.3 million falls, which require medical attention, whereas an estimated 646,000 individuals die annually from falls globally. Moreover, advantages of medical grade silicone are expected to boost the market growth. Medical grade silicone are used in implants and disposable medical devices, which are less toxic and cause less problem when compared to metallic or other form of implants.

Silicone is widely used in catheters, however, they pose a serious drawback due to their poor tear strength and poor resistance to fatigue, resulting in high failure rate associated with breast implants. Also, in September 2018, the Food and Drug Administration (FDA) received around 660 medical device reports (MDRs) for breast implant associated with anaplastic large cell lymphoma, where around 60% cases were caused due to silicone based breast implants.

Key features of the study:

  • This report provides in-depth analysis of the medical grade silicone market and provides market size (US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global medical grade silicone market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include 3M Company, Albright Technologies, Elkem Silicone, Dow Corning, FMI LLC, Momentive, Nusil Technology LLC, Primasil Silicones Limited, Shin-Etsu Chemical Co. Ltd., and Wacker Chemie AG
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global medical grade silicone market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the medical grade silicone market

Detailed Segmentation:

  • Global Medical Grade Silicone Market, By Product Type:
    • Elastomers
      • High Consistency Rubber
      • Liquid Silicone Rubber
    • Gels
      • Soft Skin Adhesives
    • Medical Adhesives
      • Pressure Sensitive Adhesives
    • Medical Coatings
      • Hydrophobic
      • Hydrophilic
    • Others
  • Global Medical Grade Silicone Market, By Application:
    • Contact Lenses
    • Medical Devices 
      • Medical Electronics, Device Assemblies & Fittings
      • Medical Rings and Gaskets
      • Catheters
      • Medical Tubes
      • Miscellaneous Accessories
    • Medical Tapes 
      • Drug Delivery
      • Component Joining
      • Personal Hygiene
      • Wound Care
    • Orthopedic Components 
    • Prosthetics 
      • Limbs
      • Implants
    • Others
  • Global Medical Grade Silicone Market, By Geography:
    • North America
      • By Product Type:
        • Elastomers
          • High Consistency Rubber
          • Liquid Silicone Rubber
        • Gels
          • Soft Skin Adhesives
        • Medical Adhesives
          • Pressure Sensitive Adhesives
        • Medical Coatings
          • Hydrophobic
          • Hydrophilic
        • Others
      • By Application:
        • Contact Lenses
        • Medical Devices 
          • Medical Electronics, Device Assemblies & Fittings
          • Medical Rings and Gaskets
          • Catheters
          • Medical Tubes
          • Miscellaneous Accessories
        • Medical Tapes 
          • Drug Delivery
          • Component Joining
          • Personal Hygiene
          • Wound Care
        • Orthopedic Components 
        • Prosthetics 
          • Limbs
          • Implants
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Elastomers
          • High Consistency Rubber
          • Liquid Silicone Rubber
        • Gels
          • Soft Skin Adhesives
        • Medical Adhesives
          • Pressure Sensitive Adhesives
        • Medical Coatings
          • Hydrophobic
          • Hydrophilic
        • Others
      • By Application:
        • Contact Lenses
        • Medical Devices 
          • Medical Electronics, Device Assemblies & Fittings
          • Medical Rings and Gaskets
          • Catheters
          • Medical Tubes
          • Miscellaneous Accessories
        • Medical Tapes 
          • Drug Delivery
          • Component Joining
          • Personal Hygiene
          • Wound Care
        • Orthopedic Components 
        • Prosthetics 
          • Limbs
          • Implants
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Elastomers
          • High Consistency Rubber
          • Liquid Silicone Rubber
        • Gels
          • Soft Skin Adhesives
        • Medical Adhesives
          • Pressure Sensitive Adhesives
        • Medical Coatings
          • Hydrophobic
          • Hydrophilic
        • Others
      • By Application:
        • Medical Devices 
          • Medical Electronics, Device Assemblies & Fittings
          • Medical Rings and Gaskets
          • Catheters
          • Medical Tubes
          • Miscellaneous Accessories
        • Medical Tapes 
          • Drug Delivery
          • Component Joining
          • Personal Hygiene
          • Wound Care
        • Orthopedic Components 
        • Prosthetics 
          • Limbs
          • Implants
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Elastomers
          • High Consistency Rubber
          • Liquid Silicone Rubber
        • Gels
          • Soft Skin Adhesives
        • Medical Adhesives
          • Pressure Sensitive Adhesives
        • Medical Coatings
          • Hydrophobic
          • Hydrophilic
        • Others
      • By Application:
        • Contact Lenses
        • Medical Devices 
          • Medical Electronics, Device Assemblies & Fittings
          • Medical Rings and Gaskets
          • Catheters
          • Medical Tubes
          • Miscellaneous Accessories
        • Medical Tapes 
          • Drug Delivery
          • Component Joining
          • Personal Hygiene
          • Wound Care
        • Orthopedic Components 
        • Prosthetics 
          • Limbs
          • Implants
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Elastomers
          • High Consistency Rubber
          • Liquid Silicone Rubber
        • Gels
          • Soft Skin Adhesives
        • Medical Adhesives
          • Pressure Sensitive Adhesives
        • Medical Coatings
          • Hydrophobic
          • Hydrophilic
        • Others
      • By Application:
        • Contact Lenses
        • Medical Devices 
          • Medical Electronics, Device Assemblies & Fittings
          • Medical Rings and Gaskets
          • Catheters
          • Medical Tubes
          • Miscellaneous Accessories
        • Medical Tapes 
          • Drug Delivery
          • Component Joining
          • Personal Hygiene
          • Wound Care
        • Orthopedic Components 
        • Prosthetics 
          • Limbs
          • Implants
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Elastomers
          • High Consistency Rubber
          • Liquid Silicone Rubber
        • Gels
          • Soft Skin Adhesives
        • Medical Adhesives
          • Pressure Sensitive Adhesives
        • Medical Coatings
          • Hydrophobic
          • Hydrophilic
        • Others
      • By Application:
        • Contact Lenses
        • Medical Devices 
          • Medical Electronics, Device Assemblies & Fittings
          • Medical Rings and Gaskets
          • Catheters
          • Medical Tubes
          • Miscellaneous Accessories
        • Medical Tapes 
          • Drug Delivery
          • Component Joining
          • Personal Hygiene
          • Wound Care
        • Orthopedic Components 
        • Prosthetics 
          • Limbs
          • Implants
        • Others
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • 3M Company*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Albright Technologies
    • Elkem Silicone
    • Dow Corning
    • FMI LLC
    • Momentive
    • Nusil Technology LLC
    • Primasil Silicones Limited
    • Shin-Etsu Chemical Co. Ltd.
    • Wacker Chemie AG

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Pipeline Analysis
    • Reimbursement Scenario
    • Epidemiology
    • PEST Analysis
    • PORTER’s Analysis
    • Regulatory Scenario
    • New Product Launches
    • Collaborations and Agreements
    • Market Trends
  4. Global Medical Grade Silicone Market, By Product Type, 2018 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Elastomers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
        • High Consistency Rubber
        • Liquid Silicone Rubber
    • Gels
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
        • Soft Skin Adhesives
    • Medical Adhesives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
        • Pressure Sensitive Adhesives
    • Medical Coating
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
        • Hydrophobic
        • Hydrophilic
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  5. Global Medical Grade Silicone Market, By Application, 2018 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Contact Lenses
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Medical Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
        • Medical Electronics, Device Assemblies & Fittings
        • Medical Rings and Gaskets
        • Catheters
        • Medical Tubes
        • Miscellaneous Accessories
    • Medical Tapes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
        • Drug Delivery
        • Component Joining
        • Personal Hygiene
        • Wound Care
    • Orthopedic Components
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Prosthetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
        • Limbs
        • Implants
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  6. Global Medical Grade Silicone Market, By Region, 2018 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • Germany
        • U.K.
        • France        
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      •  3M Company
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Albright Technologies
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      •  Elkem Silicone
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Dow Corning
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      •  FMI LLC
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Momentive
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Nusil Technology LLC
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Primasil Silicones Limited
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Shin-Etsu Chemical Co. Ltd.
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Wacker Chemie AG
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 29 market data tables and 23 figures on "Medical Grade Silicone Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.