Rising Geriatric Population to Create Scope for Asia-Pacific Medical Grade Silicone Market Growth

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. 

Browse the full report description Asia-Pacific Medical Grade Silicone Market Size, Share & Trends Analysis Report by Form (Gels, Medical Adhesives, Medical Coatings, and Elastomers) and by Application (Medical Devices, Medical Tapes, Oral Care, Prosthetics & Orthopedic, Contact Lenses, and Others) Forecast, 2021-2027 at https://www.omrglobal.com/industry-reports/asia-pacific-medical-grade-silicone-market

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.

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

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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

Asia-Pacific Medical Grade Silicone Market – Countries Covered

Asia-Pacific           

• China
• India
• Japan
• ASEAN
• South Korea
• Rest of Asia-Pacific