Global Medical Grade Silicone Rubber Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: July 22, 2020 |

The global medical grade silicone rubber market size is expected to grow at a significant CAGR of over 6% during the forecast period 2020 to 2027. The market growth is contributed by increasing demand in various applications such as surgical instruments, prosthetics and implants, and drug delivery systems. Furthermore increasing use in disposables and catheters is another factor to drive the market across the globe. Increasing healthcare expenses are also creating some new opportunities for the medical-grade silicon rubber over the forecast period.

The market is segmented on the basis of product type, application, and geography. On the basis of product, the segment is classified into liquid silicone rubber and high consistency silicone rubber. The liquid silicone rubber segment held the largest share of the global medical grade silicone rubber market over 62% of market share across the globe. Increasing use in various applications such as prosthetics and implants, disposables, and drug delivery devices are some major factors to drive segment growth over the forecast period.

On the basis of applications, the prosthetics and implants segment dominated the market in 2019 with around 28% of global medical grade silicone rubber market share. Increasing demand for medical grade silicone rubber in prosthetics and breast implants are some significant factors to fuel the market growth during the forecast period. By region, North America held the largest share in 2019 with around 35% of market share across the globe due to increasing healthcare expenditure in the USA.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global medical grade silicone rubber market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Medical Grade Silicone Rubber Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Historical & Forecast Period

  • 2018 - Historical Year for medical grade silicone rubber Market
  • 2019 - Base Year for medical grade silicone rubber Market
  • 2020-2027 - Forecast Period for medical grade silicone rubber Market

Medical Grade Silicone Rubber Market Segmentation:

By Product:

By Application:

List of Key Companies:

  • Dow Corning
  • Wacker Chemie AG
  • Momentive Performance Materials Inc.
  • KCC Corporation
  • Elkem Silicones
  • Shin-Etsu Chemical Co.,  Ltd.
  • Wynca Group

COVID-19 Impact on the Medical Grade Silicone Rubber Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the medical grade silicone rubber market.

COVID-19 Impact on the Medical Grade Silicone Rubber Market

COVID-19 Impact on the Medical Grade Silicone Rubber Market - L Shaped Recovery

Geographic Coverage:

  • North America Market Revenue and/or Volume
  • Europe Market Revenue and/or Volume
  • Asia Pacific Market Revenue and/or Volume
  • Middle-East and Africa Market Revenue and/or Volume
  • Latin America Market Revenue and/or Volume

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Report Coverage

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Key Questions Answered by Medical Grade Silicone Rubber Market Report

  • Global medical grade silicone rubber market forecasts from 2020-2027
  • Regional medical grade silicone rubber market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Medical Grade Silicone Rubber submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter's Five Force model, Value Chain Analysis pertaining to medical grade silicone rubber market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level medical grade silicone rubber markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the medical grade silicone rubber market
  • Profiles and market share of the leading 10 companies in 2019 at a global level
The global medical grade silicone rubber market size is expected to grow at a significant CAGR of over 6% during the forecast period 2020 to 2027. The market growth is contributed by increasing demand in various applications such as surgical instruments, prosthetics and implants, and drug delivery systems. Furthermore increasing use in disposables and catheters is another factor to drive the market across the globe. Increasing healthcare expenses are also creating some new opportunities for the medical-grade silicon rubber over the forecast period.

The market is segmented on the basis of product type, application, and geography. On the basis of product, the segment is classified into liquid silicone rubber and high consistency silicone rubber. The liquid silicone rubber segment held the largest share of the global medical grade silicone rubber market over 62% of market share across the globe. Increasing use in various applications such as prosthetics and implants, disposables, and drug delivery devices are some major factors to drive segment growth over the forecast period.

On the basis of applications, the prosthetics and implants segment dominated the market in 2019 with around 28% of global medical grade silicone rubber market share. Increasing demand for medical grade silicone rubber in prosthetics and breast implants are some significant factors to fuel the market growth during the forecast period. By region, North America held the largest share in 2019 with around 35% of market share across the globe due to increasing healthcare expenditure in the USA.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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COVID-19 Impact on the Medical Grade Silicone Rubber Market

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