Global Medical Grade Silicone Market Analysis 2014-2017 & Forecasts 2025 - Market is Expected to Reach USD 596.8 Million, Growing at a CAGR of 6.6%

The global Medical Grade Silicone Market is expected to reach USD 596.8 million by 2025, growing at a CAGR of 6.6%

Further key findings from the report suggest:

Rising demand for Medical Grade Silicone owing to its inherent thermal and chemical stability, hydrophobicity, resistance to sterilization method, and low surface tension is expected to augment the industry size over the forecast period.

The growing use of high consistency silicone elastomers due to various properties offered such as green strength, which is necessary to maintain extruded profiles until vulcanized, is expected to increase their demand in extrusion applications, which in turn is anticipated to stimulate the demand over the forecast period.

Silicone medical adhesives are used to fabricate medical devices, seal wounds, and affix medical devices including dressing, a patch to the skin, and as a tape. The market is expected to exhibit promising gains on account of high tourist numbers triggering medical tourism in the Asia Pacific, especially in India, South Korea, Thailand, Singapore, and Malaysia.

The global medical silicone coatings market accounted for 8.7% of the overall revenue share in 2016 and is expected to witness growth on account of high usage of the product in mandrels, catheters, hypo tubes, stents, guide wires, sutures, and syringes. The growing geriatric population coupled with the rising obesity rates is anticipated to increase the occurrences of cardiac diseases, which in turn is expected to stimulate the medical silicone demand.

Key Topics Covered:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Medical Silicone Market Variables, Trends, and Scope

Chapter 4 Medical silicone Market: Product Estimates & Trend Analysis

Chapter 5 Medical silicone Market: Application Estimates & Trend Analysis

Chapter 6 Medical silicone Market: Regional Estimates & Trend Analysis

Chapter 7 Competitive Landscape

Chapter 8 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/4x559t/medical_grade

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