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

Regional Analysis

Geographies covered:

Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa

North America medical grade silicone market captured over 42.47% of the global market revenue share in 2021, impelled by the presence of well-developed healthcare facilities in this region and rising prevalence of cardiac arrests and diabetes has resulted in increased healthcare spending. Additionally, growing patient population as a result of the COVID-19 outbreak at the community level is expected to increase the demand for different medical components, including medical grade silicone rubber, in the U.S., thereby propelling the market progression. Furthermore, the presence of major market players such as Wacker Chemie AG, Dow Corning, and Momentive Performance Materials Inc., in the region is estimated to positively impact the market during the forecast timeline.