The global liquid silicone rubber (LSR) market is anticipated to surpass USD 3 billion by 2025. The market stood at nearly USD 1.55 billion in 2015. Growing medical and automotive applications can fuel the market over the forecast period. Liquid Silicone Rubber (LSR) finds many conventional applications that are similar to regular rubber. LSR can withstand electrical charge, high temperature, and various chemicals. These characteristics can boost its adoption in various applications. Rapid advancements may promote its applications in medical implants, drug eluding devices, kitchenware, fitness trackers, LED headlights, bake-ware, and wiper blades. Increasing geriatric population is anticipated to propel the demand for medical devices & implants. This factor is expected to propel market growth over the forecast period. LSR has a high stability. It produces lesser waste. It can be manufactured in a larger volume owing to the low production costs and shorter cycle time. The
The global patient temperature management market is anticipated to reach a value of USD 4.6 billion by 2025. Growing number of surgical procedures is expected to have a huge impact on the demand for temperature management products. For instance, open heart surgeries require maintenance of patients’ temperature through blood cooling and, thereby, reducing the risk for perioperative and postoperative surgical complications. Currently, the number of cardiac surgeries being undertaken is rapidly increasing owing to the rising prevalence of cardiac arrest and other chronic cardiovascular diseases. This has resulted in increased need for patient temperature management in order to restrict adverse effects on brain. Moreover, for the treatment of cancer patients, patient warming systems are also used along with chemotherapy and radiation therapy for more effective results. In addition, increasing number of childbirth has also given rise to additional demand for temperature management dev