Industry Background:
Silicone is a versatile material and hence Medical silicone is used in various applications such as biomedical, pharmaceutical, and health care industries. This silicone is tested by FDA and approved for biocompatibility. It is classified into three categories such as non-implantable, short term implantable, and long term implantable. The long term implantable are made to be implemented inside the body and is safe for food contact. Whereas, class Vl are applicable in menstrual cups, baby bottle nipples, and food and skin contact. These wide range of medical applications and benefits are fueling the market growth.This growth is primarily driven by Rising Implantable Devices Market, Increasing Geriatric Population and Growing Requirement of Disposable Devices.
Globally, a noticeable market trend is evident Technological Developments in Medical Implants
. Major Players, such as Dow Corning Corporation (United States), Wacker Chemie AG (Germany), 3M Company (United States), Shin-Etsu Chemical Co. Ltd. (Japan), Bluestar Silicones (France), NuSil Technology LLC (United States), Henkel AG & Co. (Germany), Momentive Performance Materials Inc. (United States), Specialty Silicone Fabricators, Inc. (United States) and Zodiac Coating (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2018, Wacker has acquired Dutch biopharmaceuticals plant. This acquisition will help in expansion of pharmaceutical market. It will strengthen the position in microbial-derived pharmaceutical proteins.
On November 2018, Dow silicones has launched soft skin adhesive. It is based on silicone technology and provides strong adhesion and extended wear.
Market Drivers
- Rising Implantable Devices Market
- Increasing Geriatric Population
- Growing Requirement of Disposable Devices
Market Trend
- Technological Developments in Medical Implants
- Advancements in Robotic Surgery
Restraints
- Long Time Required for Approval
- Rising Prices of Raw Materials
- High Costs Associated with the Treatment
Opportunities
Rising Chronic Diseases and Increasing Health Care Market in Developing Economies
Challenges
Rising Demand of Medical Silicone in Affordable Prices
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Silicone Study Sheds Light on
The Medical Silicone Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Medical Silicone industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Silicone industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.