MEDICAL GRADE SILICONE MARKET ANALYSIS

Medical Grade Silicone Market by Product Type (Elastomers, Gels, Medical Adhesives, Medical Coatings, and Others), by Application (Contact Lenses, Medical Devices, Medical Adhesives, Medical Tapes, Orthopedic Components, Prosthetics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jul 2022
Code : CMI881
Pages :148
Formats :
Excel and PDF
Industry : Medical Devices

Medical Grade Silicone MarketSize and Trends

Global medical grade silicone market was valued at US$ 1,245.4 Million in 2021, exhibiting a CAGR of 6.4% during the forecast period (2022 to 2030).

Figure 1. Global Medical Grade Silicone Market Value Share (%), By Region, 2021

Market Trends

Increasing demand for disposable devices is the latest trend in the global medical grade silicone. With this, the demand for liquid silicone rubber (LSR) is also increasing which is one of the swiftly growing segments of medical grades silicone. This trend is expected to continue over the forecast period, driving the global medical grade silicone market growth further.

Figure 2. Global Medical Grade Silicone Market Value Share (%), By Application, 2021