The North American Medical Grade Silicone market is anticipated to grow significantly at a CAGR of 5.9% over the forecast period (2021-2027). The US and Canada are the key economies that contribute to the growth of the North American Medical Grade Silicone market over the forecast period. The key aspect that drives the growth of the North American Medical Grade Silicone market includes the rising prevalence of chronic cardiovascular diseases across the North American region. The North American market has witnessed potential growth owing to the rising prevalence of CVDs. According to the Heart & Stroke Foundation in Canada, 1.6 million fatalities occur every year due to stroke and at least 1.3 million Canadians live with heart disease.
To Request a Sample of our Report on North American Medical Grade Silicone Market: https://www.omrglobal.com/request-sample/north-american-medical-grade-silicone-market
According to the Center for Medicare and Medicaid Services, in 2018, the US national healthcare expenditure was around $3.6 trillion showing a 4.4% increase in healthcare expenditure up from 3.9% in 2017. It is further expected to reach $6.0 trillion by 2027. The US has the highest healthcare spending across the globe. Hence, this is also likely to contribute to the growth of the market. Further, the presence of the key players also supports the growth of the North American medical grade silicone market over the forecast period.
(Get 15% Discount on Buying this Report)
A full Report of North American Medical Grade Silicone Market is Available at: https://www.omrglobal.com/industry-reports/north-american-medical-grade-silicone-market
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Form and Application
- Region Covered- North America
- 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
North American 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.)
