Medical Grade Silicone Market Growth Is Driven by the High Growth in Implantable Devices

 

Medical grade silicone is a material that has been specifically created as an insulator for use in medical implants. Silicone is considered to have good thermal conductivity and is suitable for use in medical devices. Medical grade silicone is used in disposable and implantable medical devices that require high safety and performance standards when in contact with the human body. It has gained wide acceptance due to its negligible level of toxicity and low risk of adverse biological reactions. Liquid silicone rubber is a common variety due to its high tensile strength, gas permeability, excellent transparency, superior dielectric strength, high bacterial and chemical resistance, elongation feature, and ability to function in extreme temperatures.

Thus, there is an increasing demand for Medical Grade Silicone Market, driving the growth of the medical grade silicone market. For example, in February 2021, Dermaclara announced the launch of its updated Enhanced Silicone Fusion stretch mark patches and kit. The kit is used to stimulate collagen regulation and reduce stretch marks during and post pregnancy. The silicone patches are reportedly 100% sustainable medical grade. Medical grade silicones are divided into three categories, such as long-term implantable, short term implantable, and non-implantable. They are used in tubes, implants for long and short term use, dental retainers, respiratory masks, menstrual cups, non-stick containers, syringe pistons, for scar therapy, and seal and gasket, among others.

Moreover, aging population is driving the need for greater affordability, usability, and comfort in medical device. This, with the growing geriatric population, the demand for medical grade silicone is also increasing rapidly, especially in the United States. According to the U.S. Census Bureau, the U.S. will experience considerable growth in its older population, between 2012 and 2050. In 2050, the population aged 65 and over is expected to be 83.7 million, almost double its estimated population of 43.1 million in 2012. Thus, the demand for medical grade silicone in the United States will increase, driving the Medical Grade Silicone Market growth.

In February 2018, Dow Medical Solutions launched to the U.S. healthcare market two new Dow Corning QP1-33X0 Liquid Silicone Rubber (LSR) grades and new Dow Corning QP1-5040 Self-Adhesive LSR grade. Each is a low-temperature cure (LTC) technology. However, factors such as, increasing raw material prices, stringent regulations, time-consuming approval process, and the availability of substitutes, are restraining the medical grade silicone market growth. For example, in February 2020, PolyOne developed new silicone-alternative TPE for medical tubing. The company launched medical grade, Versaflex HC BT218, in response to supply challenges stemming from silicone shortages and sterilization facility closures.

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