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Medical Silicones

SpecialChem / Alain Morin – Mar 25, 2009

Market Overview & Silicone Performances Although some common Western countries' trends, such as Health cost-containment policies, resources rationalization and increasing energy costs, have a tendency to slow down the medical industry's growth, all the analysts agree to forecast a continuous and sustained development based on the governments' commitment to improving quality of life and to supporting aging populations. In that global context, the medical device industry is poised for steady growth at a time when the medical device fabricators are strengthening their material requirements, and when patients are expecting improvements in product designs (functionality, comfort, ergonomics, styling, etc.). Within that medical device industry, the medical silicone market accounts only for 3% to 5% of the total revenues generated by the "medical plastics" applications. Recent analysis from Frost & Sullivan found that the Western European medical silicone market earned revenues of €155.0 million in 2005, with estimates to reach €237.2 million in 2012. Within the same framework, US medical silicones market value, the largest one worldwide, was estimated at €250.0 million in 2005.

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