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LSR Market Challenges

August 17, 2024
 
  • Liquid Silicone Rubber (LSR) is a crucial component in various medical applications due to its biocompatibility. Strict regulatory requirements exist in both the EU and US for the safety and performance of medical devices, including LSR products. The EU's Active Implantable Medical Devices Directive and Vitro Diagnostic Directive regulate high-risk devices and in-vitro devices, respectively. In the US, the Food and Drug Administration (FDA) sets policies for medical device clearance and approval. These regulations pose challenges for LSR manufacturers, potentially hindering market growth during the forecast period.
  • The Liquid Silicone Rubber (LSR) market faces several challenges. Technological advances in the sector require continuous innovation to meet customer demands. Compatibility issues with various substrates and additives can hinder progress. Adhesives and bonding are critical factors in LSR applications, but finding effective solutions remains a challenge. Cost-effectiveness is another concern, as prices for raw materials and manufacturing continue to rise. Sustainability is a growing challenge, as the industry seeks to reduce its environmental impact. Lastly, regulatory compliance is essential, as governments impose stricter regulations on the production and use of LSR.
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