The Asia-Pacific Medical Grade Silicone market is anticipated to grow significantly at a CAGR of 5.8% over the forecast period (2021-2027). China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific are the key economies that contribute to the growth of the North America Medical Grade Silicone market over the forecast period. The key aspect that drives the growth of the Asia-Pacific Medical Grade Silicone market includes the rising geriatric population across the region especially in the economies such as China and India. The aging population is projected to increase significantly during the forecast period.
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According to the UN, over the next 15 years, the number of older populations is expected to grow fast in Asia by 66.0%. older age is a primary risk factor for heart disease. Around 4 in every 5 fatalities owing to heart diseases occur in patients older than 65 years. With the increasing age, there is a higher possibility of either thickening of the heart’s walls and stiffening of arteries, or the high flow of blood towards the walls of the arteries which causes blood pressure problems. Due to all these factors, the risk of developing CVDs increases. Hence, this further generates the need for various implantable devices, which in turn will strengthen the market growth over the forecast period.
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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- Asia-Pacific
- 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
Asia-Pacific 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 Global Market Post. Global Market Post is not responsible for any content included in this release.)
