19-Jun-2023 | Zion Market Research
The Middle East and Africa medical grade silicone market size was worth around USD 739.28 million in 2022 and is predicted to grow to around USD 1078.58 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.83% between 2023 and 2030.
The industry refers to the production and sale of medical grade silicone materials and products within the Middle East and Africa region. They are specialized forms of silicone that are produced following stringent regulatory standards. Medical grade silicone is specially formulated to be used in a healthcare setting. The Middle East and Africa medical grade silicone market encompasses various products and applications that utilize medical grade silicone, including medical devices, implants, prosthetics, catheters, tubing, seals, gaskets, wound dressings, and other healthcare-related products. The industry dynamics are expected to vary within the Middle East and Africa region mainly due to differences in healthcare infrastructure, economic conditions, regulatory frameworks, and cultural factors.
This review is based on a report by Zion Market Research, titled "Middle East And Africa Medical Grade Silicone Market By Application (Medical Devices, Prosthetics, Orthopedic Components, Contact Lenses, Medical Tapes, And Others), By Type (Gels, Medical Coatings, Medical Adhesives, Liquid Silicone Rubbers (LSR), And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/middle-east-and-africa-medical-grade-silicone-market-size
The Middle East and Africa medical grade silicone market is projected to grow owing to the growing prevalence of chronic and other medical conditions in these regions. Some of these issues include cardiovascular diseases, diabetes, and cancer leading to higher demand for implants, medical devices, and prosthetics. A report by the National Institutes of Health (NIH) claims that the number of cancer patients in the Middle East corresponds to nearly 2.4% of the global incidence. Between 2008 and 2020, cancer incidences in Africa increased from 715,000 to 1.1 million, as reported by Frontiers.
Furthermore, growing advancements in healthcare infrastructure are also expected to play a crucial role in Middle East and Africa medical grade silicone industry expansion. These investments are directed toward building state-of-the-art medical facilities such as hospitals, clinics, and research facilities. Such events create opportunities for tremendous expansion. Moreover, the rising interest of Western countries in the Middle Eastern nations such as Saudi Arabia and the United Arab Emirates (UAE) in all sectors, including healthcare, is important for market growth. This can be witnessed in the growing number of collaborations between medical device manufacturers, silicone suppliers, and healthcare providers across continents.
However, the regional market faces certain growth limitations. For instance, the political turmoil in African countries with the recent incidents of military attacks has put healthcare infrastructure growth in Africa, on hold. Many companies are shying away from investing in the region due to a lack of favorable policies from the government and the threat of harm to assets and human resources. Additionally, cultural and religious beliefs in certain nations could restrict the adoption of certain types of medical devices and market players have to ensure that they function within the cultural norms of the nation they are operating in.
The rise in cosmetics and aesthetic procedures may provide growth opportunities while the lack of standardization could challenge market expansion.
The Middle East and Africa medical grade silicone market is segmented based on application, type, and region.
Based on application, the market segments are medical devices, prosthetics, orthopedic components, contact lenses, medical tapes, and others. The Middle East and Africa medical grade silicone industry was dominated by the medical devices segment in 2022 as it includes a wide range of products with regular usage in the healthcare sector across hospitals, clinics, and home care. Medical devices formulated using medical grade silicone include implants, catheters, tubing, respiratory masks, wound dressings, seals & gaskets, surgical instruments, and many others. Flexibility and resistance to chemicals or heat are the main reasons for the growing use of these variants of silicone in the production of medical devices. As per a report by Scielo, cardiac surgeries in low to middle-income regions in Africa are performed at a rate of 0.5 operations per million. The number in the higher-income nations is 500 operations per million.
Based on type, the market divisions are gels, medical coatings, medical adhesives, liquid silicone rubbers (LSR), and others. The highest CAGR was observed in the liquid silicone rubbers (LSR) segment. It is a versatile material and hence has larger applications. It is a two-part liquid silicone system that cures into a solid elastomer when exposed to heat. The main reasons for LSR being preferred in many medical applications include its biocompatibility, high chemical resistance, excellent purity, and higher stability at a range of temperatures. It can be molded into complex shapes and provides flexibility, durability, and softness, making it suitable for applications such as implants, catheters, tubing, seals, gaskets, and various other medical devices. Its unique properties and processing capabilities make it a preferred choice for many manufacturers in the regional medical industry. The Middle East and Africa healthcare industry is over USD 0.8 billion as of 2023.
The Middle East and Africa medical grade silicone market is projected to be led by the Middle East economy due to the presence of a large number of high-income groups in certain nations such as UAE and Saudi Arabia. Additionally, these countries have improved relations with Western counterparts and there are growing incidents of strategic partnership, either led by private companies or with the aid of government interventions. Furthermore, stringent regulations and standards set by regulatory authorities, such as the Saudi Food and Drug Authority (SFDA) and the UAE Ministry of Health and Prevention (MoHAP), influence the market dynamics in the region. North African countries like Egypt, Morocco, and Algeria are registering high demand for medical grade silicone due to increasing focus on healthcare infrastructure development.
Middle East and Africa Medical Grade Silicone Market: Competitive Analysis
The Middle East and Africa medical grade silicone market is led by players like:
By Application
By Type
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed