Chemicals and Materials Medical Grade Silicone Market New1 | Page 2

Prosthetics & Orthopedic application segment is projected to dominate the market for medical grade silicone Prostheses are classified under medical devices and thus are subject to U.S. Food and Drug Administration (FDA) and Center for Devices and Radiological Health (CDRH) guidelines. Orthopedics is the field of medicine concerned with the study and treatment of the musculoskeletal system, particularly the spine, joints, and muscles. Medical implants are also classified under prosthetics and are manufactured to replace missing natural structures; supports damaged biological structures, or enhance existing biological structures. The prosthetics market is witnessing new technological developments such as CAD/CAM dentistry (computer-aided design and computer-aided manufacturing) that is used to improve the design and creation of dental restorations especially dental prostheses, including crowns, crown lays, veneers, and orthodontic appliances; this is one of the major drives for the implants market in medical grade silicone market. North America is estimated to be the largest region for medical grade silicone North America is the worlds largest consumer of medical grade silicones and it continues to experience high demand growth in terms of value and volume. This region is diversified and is strongly focused on development of new products and advanced technology for the same, to cater the needs of its end users. The demand is mainly because of the existing medical grade silicone manufacturing companies in this region, technological advancements, and product modernization in terms of quality and application development. Another factor affecting the growth is the increase in medical grade silicone demand in sectors such has medical and healthcare in various industrial sectors. Get PDF of report for more details: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36328567 Major players such as Dow Corning (U.S.), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive (U.S.), Bluestar Silicones (France), 3M Company (U.S.) have adopted development strategies such as expansions, agreements & collaborations, and new product development to achieve growth in the medical grade silicone market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.