healthcare industry’s rising need for medical grade silicone rubber is expected to drive market revenue growth.
The global Medical Grade Silicone Rubber Market size was USD 670.78 million in 2022 and is expected to reach USD 1133.27 million in 2032, and register a revenue CAGR of 6% during the forecast period. Rising demand for minimally invasive procedures, the incidence of chronic diseases and age-related health issues, and expanding use of silicone rubber products in medical applications due to their biocompatibility, flexibility, and durability are major factors driving market revenue growth. Also, the expansion in market revenue growth is being fueled by the creation of fresh and cutting-edge silicone rubber products for use in medical applications, such as Liquid Silicone Rubber (LSR) and High-Consistency Rubber (HCR). While HCR is frequently used in medical tubing and catheters due to its great mechanical qualities and flexibility, LSR, a highly pure type of silicone rubber, is perfect for use in medical implants and prostheses due to its outstanding biocompatibility and biostability.
Get a sample of the report: https://www.reportsanddata.com/download-free-sample/6252
Medical Grade Silicone Rubber Market Upcoming Trends 2023-2032
- Increasing demand for implantable medical devices: The use of implantable medical devices is growing, and medical grade silicone rubber is an essential material in the manufacturing of such devices. Due to its biocompatibility and inertness, it is used in various implantable devices, including pacemakers, artificial joints, and breast implants.
- Growing focus on patient safety: Patient safety is becoming an increasingly critical consideration in the healthcare industry, and medical grade silicone rubber is a preferred material for medical devices because it is non-toxic, non-allergenic, and biocompatible. This trend is expected to continue, and the demand for medical grade silicone rubber is likely to grow as a result.
- Advancements in material technology: The medical grade silicone rubber market is constantly evolving, and there have been significant advancements in material technology in recent years. New formulations and processing techniques have led to the development of silicone rubber with improved mechanical properties, such as increased tensile strength and elongation, and enhanced biocompatibility.
- Growing demand for medical tubing: Medical tubing is widely used in the healthcare industry for fluid transfer and drug delivery, and medical grade silicone rubber is a preferred material due to its flexibility, durability, and resistance to high temperatures and chemicals. The demand for medical tubing is expected to grow, and this is likely to drive the demand for medical grade silicone rubber.
- Increasing demand from emerging markets: The healthcare industry is growing rapidly in emerging markets such as India and China, and this is likely to drive the demand for medical grade silicone rubber in these regions. The increasing use of medical devices and implants in these markets is expected to contribute significantly to market growth.
Top Companies:
- Dow Corning Corporation
- Wacker Chemie AG
- Shin-Etsu Chemical Co. Ltd.
- Momentive Performance Materials Inc.
- Bluestar Silicones International
- Stockwell Elastomerics Inc.
- Elkem Silicones
- Saint-Gobain Performance Plastics Corporation
- Quantum Silicones LLC
- KCC Corporation
Segments covered in the report:
By Product Type Outlook:
- Liquid Silicone Rubber
- High Consistency Rubber
By Application Outlook:
- Prosthetics & Orthopedic Devices
- Medical Tapes
- Medical Devices & Components
- Implants
- Others
Ask for Customize Research Report: https://www.reportsanddata.com/request-customization-form/6252
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Browse More Related Research Reports:
Cannabis Cultivation Market:https://world.einnews.com/pr_news/631775137/cannabis-cultivation-market-size-to-reach-usd-48-53-billion-at-a-cagr-of-16-by-2032-reports-and-data
Nickel Alloy Market:https://world.einnews.com/pr_news/631776399/nickel-alloy-market-research-growth-opportunities-trends-and-forecast-report-till-2032
Polyvinyl Alcohol Market:https://world.einnews.com/pr_news/631777353/polyvinyl-alcohol-market-growing-demand-and-huge-future-opportunities-by-2032
Silicon Nitride Market:https://www.einpresswire.com/article/631980635/silicon-nitride-market-size-to-reach-usd-86-41-million-at-a-cagr-of-7-by-2032-reports-and-data
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports