The Medical Grade Silicone Market is projected to reach USD 1.60 billion by 2022, at a CAGR of 6.1% from 2017 to 2022. Properties such as low weight and cost, barrier properties, durability, transparency, and compatibility with other materials make silicone to be used in the medical industry. Growing and aging population, along with increasing trends in home care and self-medication, are fueling the medical grade silicone market.

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North America is estimated to dominate the medical grade silicone market, in terms of value, during the forecast period. Countries in the region, such as the US, Canada, and Mexico, are witnessing an increase in the adoption of medical grade silicone in the manufacturing of medical devices and equipment.

 A majority of the demand for the medical grade silicone is driven by the prosthetics & orthopedic applications. The major challenge for the market is the stringent and time-consuming regulatory policies. Different medical devices have different approval processes under different regulatory bodies. Silicone materials approved as USP Class V and VI can be used in the manufacturing of medical devices. On an average, FDA takes more than five months to approve a medical device.

 The US is the largest country in North America and also one of the principal manufacturers of medical grade silicones, accounting for a major share of the North American medical grade silicone market. Increasing use of medical grade silicones in the healthcare industry and availability of sophisticated medical devices combined with high meticulousness concerning healthcare awareness is driving the market in the US. The demand for medical devices and medical components is also rising at a high rate due to a large aging population.

 Medical grade silicone is used across various applications, such as prosthetics & orthopedic, medical tapes, medical electronics, device assemblies & fittings, medical tubes & catheters, medical accessories & tools, dental, and others. The market players in emerging economies such as Latin America and the Middle East are witnessing an increase in demand for medical facilities and devices, thus propelling the growth of the medical grade silicone market.

 Silicone gels are composed of reactive silicone polymers and reactive silicone cross-linkers. When cured, these gels tend to have a soft, acquiescent feel which, when joined with silicone’s low modules, helps in imitating human tissue. Silicone gels consist of long chain silicone polymer (polysiloxanes), silicone dioxide, and a volatile component. Silicone gels are soft materials and possess a specific quantity of viscosity. Silicone gel is increasingly being used in medical applications which range from very soft gels for prosthetic and implant applications, to very sticky gels for topical and transdermal wound care applications. The US Food and Drugs Administration (FDA) removed the ban imposed on the use of silicone gel to manufacture breast implants in 2006. Silicone gel filled breast implants are the best substitutes to saline filled breast implants. This, in turn, is fueling the demand for silicone gel.

 Major players such as Dow Corning (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive (US), Bluestar Silicones (France), 3M Company (US) have adopted development strategies such as expansions, agreements & collaborations, and new product development to achieve growth in the Medical Grade Silicone Market.

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