Project Background

Liquid silicone rubber (LSR) is a high-purity, two-component platinum-cured silica gel with excellent physical and chemical properties, and is widely used in electronics, automotive, medical, construction and other fields. In the field of medical devices, the use of LSR has been significantly expanded in the production of various disposable and reusable medical devices and supplies, because it has characteristics that traditional rubber materials cannot obtain, such as purity, chemical and physical resistance, flexibility and sterilization performance.

According to data from market research institutions, the global liquid silicone rubber (LSR) market will be 258.57 thousand tons in 2023 and is expected to grow to 385.89 thousand tons by 2028, with a compound annual growth rate of 6.92. Among them, healthcare and medical devices are one of the major end users of the liquid silicone rubber (LSR) market, accounting for about 20% of the market share. The demand for LSRs in the healthcare and medical device industries is expected to continue to grow in the coming years as the population grows, the prevalence of chronic diseases rises, and major technological innovations.

Customer pain points

Shangpu Consulting is a professional medical device market research and consulting company with many years of industry experience and expertise. The customer of Shangpu Consulting Company is a company that manufactures medical devices. Its main products include catheters, catheter clamps, catheter connectors, catheter stents, catheter sleeves, etc., mainly using LSR as the raw material. The main pain points facing the company are:

-Due to the high cost of LSR products, the price competitiveness of the products is insufficient and the market share is low;

-Due to the high technical requirements of LSR products, the quality of the products is unstable and customer satisfaction is low;

-Due to the wide application range of LSR products, the market demand of the products is not clear and the market positioning is not clear;

-Due to the large development potential of LSR products, the market opportunities for the products are insufficient and the market expansion is not active.

Project Purpose

In order to help customers solve the above pain points, Shangpu Consulting Company has carried out the application and market prospect analysis project of liquid silicone rubber (LSR) in the field of medical devices, aiming to provide customers with the following services:

-Analyze the application status and development trend of LSR in the field of medical devices, and evaluate the market size and growth potential of LSR in the field of medical devices;

-Analyze the main customer groups and consumer demand of LSR in the field of medical devices, and evaluate the market segmentation and competition pattern of LSR in the field of medical devices;

-Analyze the main product types and technical characteristics of LSR in the field of medical devices, and evaluate the product innovation and technological progress of LSR in the field of medical devices;

-Analyze the main market opportunities and challenges of LSR in the field of medical devices, and evaluate the market risks and influencing factors of LSR in the field of medical devices.

Research object

In order to accomplish the purpose of the project, Shangpu Consulting used a variety of research methods, including literature review, web search, expert interviews, customer interviews, competitor analysis, etc., to investigate the following objects:

-LSR application cases and successful experience in the field of medical devices, a total of 10 cases were investigated;

-LSR is a major manufacturer and supplier in the field of medical devices, with a total of 20 companies surveyed;

-LSR's main customers and consumers in the field of medical devices, with a total of 30 medical institutions and 100 medical professionals surveyed;

-LSR's main competitors and alternatives in the field of medical devices, with a total of 10 competitive products and 5 alternative materials investigated.

Project Content

According to the research object and the purpose of the project, the project content is divided into the following four parts:

-Part I: Analysis of the application status and development trend of LSR in the field of medical devices, mainly including the following contents:

-An overview of the application of LSR in the field of medical devices, introducing the definition, characteristics, classification and advantages of LSR;

-LSR application cases in the field of medical devices, introducing the typical applications of LSR in the field of medical devices, such as catheter, catheter clamp, catheter connector, catheter stent, catheter sleeve, etc;

-The application trend of LSR in the field of medical devices, introduces the development direction of LSR in the field of medical devices, such as intelligent, personalized, environmental protection, etc.

-Part II: Analysis of LSR's market size and growth potential in the field of medical devices, mainly including the following:

-The market size of LSR in the field of medical devices, introducing the market capacity, market share and market growth rate of LSR in the field of medical devices;

-Market growth potential of LSR in the medical device field, introducing the market drivers, market opportunities, market forecasts, etc. of LSR in the medical device field.

-The third part: LSR's market segmentation and competitive landscape analysis in the field of medical devices, mainly including the following:

-Market segmentation of LSR in the field of medical devices, introducing the market segmentation of LSR in the field of medical devices by product type, by customer type, by region, etc;

-The competitive landscape of LSR in the field of medical devices, introducing the main competitors and substitutes of LSR in the field of medical devices, and analyzing the competitive advantages and disadvantages of LSR in the field of medical devices;

-LSR's market strategy in the field of medical devices, introducing LSR's market positioning, market objectives, market channels, market promotion, etc. in the field of medical devices.

-Part IV: Analysis of LSR's product innovation and technological progress in the field of medical devices, mainly including the following:

-LSR's product innovation in the field of medical devices, introducing LSR's new product development, new product design, new product functions in the field of medical devices;

-The technical progress of LSR in the field of medical devices, introduces the new technology application, new technology improvement and new technology optimization of LSR in the field of medical devices.

-Part V: Analysis of market risks and influencing factors of LSR in the field of medical devices, including the following:

-Market risk of LSR in the field of medical devices, introducing market uncertainty, market volatility and market competitiveness of LSR in the field of medical devices;

-The influencing factors of LSR in the field of medical devices, introducing the policies and regulations, social environment, economic situation and technological changes of LSR in the field of medical devices.

Project Value

By completing the application and market prospect analysis project of liquid silicone rubber (LSR) in the field of medical devices, Shangpu Consulting provides customers with the following values:

Help customers understand the application status and development trend of LSR in the field of medical devices, and provide customers with a comprehensive perspective of market opportunities and challenges of LSR in the field of medical devices;

Help customers evaluate the market size and growth potential of LSR in the field of medical devices, and provide customers with an objective basis for the market competitiveness and profitability of LSR in the field of medical devices;

Help customers analyze the market segmentation and competitive landscape of LSR in the field of medical devices, and provide customers with a clear direction of LSR's market positioning and goals in the field of medical devices;

Help customers to explore LSR's product innovation and technological progress in the field of medical devices, and provide customers with effective ways to optimize and upgrade LSR's products in the field of medical devices;

Help customers identify the market risk and influencing factors of LSR in the field of medical devices, and provide customers with effective strategies for market response and prevention of LSR in the field of medical devices.

This project of Shangpu Consulting Company provides customers with professional market research and consulting services, helps customers improve the market share, customer satisfaction, market demand and market opportunities of LSR products, and makes an important contribution to the business development and competitive advantage of customers.