The European Medical Grade Silicone market is anticipated to grow significantly at a CAGR of 5.7% over the forecast period (2021-2027). The UK, Germany, France, Italy, Spain, and the Rest of Europe are the key economies that contribute to the growth of the European Medical Grade Silicone market over the forecast period. The key aspect that drives the growth of the European Medical Grade Silicone market includes the well-established chemical sector across the region. As per the European Chemical Industry Council (CEFIC), Europe is the second-largest producer of chemicals across the globe. Thus, the rising chemical industry is expected to provide ample opportunities and in turn, enhance the growth of the market in the region.
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Further, the rising prevalence of CVDs also creates scope for market growth over the forecast period. European regions including UK, Spain, Germany, France, Italy, Sweden, and other EU countries have a huge pool of CVD patients that creates scope for the growth of the market. Due to the massive population of CVD, CHD, stroke, and the rise in the adoption of drugs as well as substantial implantable devices, the market is projected to grow considerably during the forecast period across the region. The region also has a quality healthcare system coupled with cohesive government policies, that are driving the market in the region. Hence, a well-established healthcare sector is also likely to considerably support the market growth.
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Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Form and Application
- Region Covered- Europe
- Competitive Landscape- 3M Co., DOW Corning Corp., Henkel AG & Co. KGaA, Royal DSM NV, Momentive Performance Materials Inc., Saint-Gobain Performance Plastics, and Wacker Chemie AG among others
European Medical Grade Silicone Market – Segmentation
By Form
- Gels
- Medical Adhesives
- Medical Coatings
- Elastomers
By Application
- Medical Devices
- Medical Tapes
- Oral Care
- Prosthetics & Orthopedic
- Contact Lenses
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
