Dallas, Texas, Dec. 24, 2020 (GLOBE NEWSWIRE) -- The “Global Medical Grade Silicone Rubber Market Size 2020, By Product (Liquid Silicone Rubber, High Consistency Rubber) By Application (Prosthetics & Implants, Disposables, Catheter, Surgical Instruments, Drug Delivery Systems, Others) Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) and Forecast 2021 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.
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Adroit Market Research report on global medical grade silicone rubber market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 to 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global medical grade silicone rubber market have been studied in detail.
The global medical grade silicone rubber market is projected to reach USD 893.8 million by 2028, growing at a CAGR of 6.8%. Increasing demand from the medical devices industry, rising applications of disposables, prosthetics and implants are driving the growth of the global medical grade silicone rubber market.
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The world population is increasing ageing. At the same time, more and more people are gaining access to modern healthcare, resulting in increasingly strict legal requirements for medical products and services. Thus, the healthcare industry is in a tough spot with regards to the safety and efficiency of its solutions. Medical grade silicone rubber, plays a significant role in manufacturing today’s advanced healthcare products.
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The global medical grade silicone rubber market is categorized based on product and application. On the basis of product, the market is segmented into liquid silicone rubber and high consistency rubber. The liquid silicone rubber segment dominated the market in 2019. Liquid silicone rubber technology is gaining momentum, predominantly into advanced fields of applications. In life sciences, it is determined by a growing trend in the direction of self-treatment of chronic diseases.
North America dominated the market for medical grade silicone rubber in 2019, while Asia Pacific is set to grow at a highest CAGR due to growing affluent population. Key players of the global medical grade silicone rubber market include Dow Corning, Momentive Performance Materials Inc., Wacker Chemie AG, KCC Corporation, Shin-Etsu Chemical Co., Ltd., Elkem Silicones, NuSil Technology LLC, Primasil, Wynca Group, Saint-Gobain Performance Plastics among others.
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Major Points from Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Medical Grade Silicone Rubber Market by Product, 2018-2028 (USD Million)
5. Medical Grade Silicone Rubber Market by Application, 2018-2028 (USD Million)
6. Medical Grade Silicone Rubber Market by Region 2018-2028 (USD Million)
7. Competitive Landscape
8. Company Profiles
9. Appendix
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Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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