The Global Medical Silicone Sheet Market is estimated to exhibit a CAGR of 16.24 % during the forecast period.
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A medical silicone sheet is employed for medical applications that have undergone biocompatibility testing. There are three types of medical silicone sheets non-implantable, short-term implantable, and long-term implantable. These are utilized in a variety of products, including tubes, dental retainers, long- and short-term implants, respiratory masks, non-stick containers, menstruation cups, syringe pistons, seals and gaskets, and gel sheets for scar healing. The demand for silicone in the medical industry is anticipated to increase due to the increasing use of long-term implantable devices like heart pumps and defibrillators, short-term implantable devices like diagnostic guide wires and over-moulded surgical blades, and disposable implantable devices like suture sleeves. Cosmetic surgery, ocular surgery, and spinal & cardiovascular operations, which are predicted to see an increase due to the growing elderly population and increased frequency of chronic diseases globally, are significant uses of these technologies. The need for implantable medical devices and, consequently, the demand for medical silicone are expected to increase.
List of Prominent Players in the Medical Silicone Sheet Market:
Smith & Nephew
Lando Biomaterials Company
Australian Health Industry Co. Pty Ltd.
Fortune Medical Instrument
Molnlycke Health Care
Hans Biomed Corp
Shandong Huangshengtang Pharmaceutical
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Medical implant demand has recently increased because of chronic conditions such as osteoarthritis, cardiovascular diseases, neuropathic diseases, and congenital problems. Over the forecast years, this occurrence is anticipated to increase, propelling the global market for medical silicone sheets. The need for disposable electronics is expanding. As a result, there is an upsurge in demand for liquid silicone rubber (LSR), one of the rapidly growing markets for medical silicone sheets. Over the projected period, it is anticipated that this trend will continue, advancing the market for medical silicone sheets. The growing ageing population and rising income levels in developing nations are expected to promote the expansion of healthcare infrastructure and boost demand for silicone in the medical device industry.
The fluctuating expense of raw materials significantly restricts expanding the global market for medical silicone sheets. The expansion of the medical silicone sheet market is anticipated to be hampered by strict and time-consuming regulatory standards. Additionally, the need for silicone elastomers is anticipated to develop slowly due to the growing demand for thermoplastic elastomers (TPE) in the healthcare sector. The international laws are a significant barrier to the market’s expansion for medical silicone sheets.
In the forecast period, the North American region will dominate the global consumption of worldwide demand. The region’s dominance is credited with early product acceptance and significant demand for chronic wound dressings. Sales of these superior healing solutions have surged as a result of an increase in events involving burns and unintentional scarring. Before now, the healthcare sector had difficulties with the appropriate healing of chronic wounds, which resulted in psychological problems in the patients and eventually impacted their daily lives. However, there has been an improvement in the general success of wound therapy thanks to these faster healing and adhesive bandages. The product’s excellent compatibility and fit with the treatment methods have also become more prevalent in applying surgical wounds.
- In March 2022, Alliance Pharma plc announced the completion of the acquisition of ScarAway, the largest silicone-based scar therapy brand in the United States, as well as the rights to offer Kelo-cote in the US retail consumer market. The acquisition quickens Alliance’s US expansion strategy by giving another strong consumer brand a proven distribution base from which to fuel expansion.
- In June 2022, Winner Medical Co. Ltd revealed that it paid 652 million yuan (USD 97.3 million) for a majority 65.55 per cent stake in Hunan Pingan Medical Device Technology Co. Ltd. (“Pingan Medical”). This move is part of the company’s ongoing expansion of its disposable medical supply line.
Segmentation of Medical Silicone Sheet Market-
- Surgical wounds
- Scar patch
- Burn treatment
- Hospitals & clinics
- Ambulatory Surgical Center
- The US
- The UK
- Rest of Europe
- South Korea
- South East Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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