Medical grade silicones are specially produced silicones that show compatibility with living tissue. Silicones have properties such as, heat resistance, flexibility, high gas permeability low chemical reactivity, and low toxicity, which makes them an ideal choice for use in medical devices and other related products. Medical grade silicones are used in hydrocephalic shunts, topical formulations as excipients, transdermal drug delivery systems as adhesives, and antacid formulations. The use of medical grade silica in healthcare and pharmaceutical industry is the major driver for the growth of medical grade silica market. The regulatory policies in different economies and high cost are the key restraints for medical grade silicone market.
Medical Grade Silicone Market Taxonomy
Based on product type, the medical grade silicon market is segmented into:
Based on application, the medical grade silicon market is segmented into:
Silicone gel is used in scar treatment, topical gels, transdermal patches, and skin coverings. The prosthetics and orthodontics is the most lucrative application of medical grade silica. Advanced technologies in dental industry such as, Computer aided design, manufacturing for creation and design of dental crowns, veneers, crown lays, and orthodontic appliances is increasing the demand for prosthetics and orthopedics. Silicone elastomers show quality, versatility and high performance. They are used in catheters as medical devices.
Medical Grade Silicone -Market Outlook
The market players are adopting various growth strategies to retain market position. For instances, Q Holdings acquired Degania Silicone in November 2016 and Silicone Altimex in August 2015. Key players operating in medical grade silicone market include 3M Company, Albright Technologies, Bluestar Silicone, Dow Corning, FMI LLC, Momentive, Nusil Technology LLC, Primasil Silicones Limited, Shin-Etsu Chemical Co. Ltd., and Wacker Chemie AG.
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