Global Medical Grade Silicone Rubber Market to Exceed USD 13.95 Billion by 2035 | CAGR of 5.37%
Category: Chemicals & MaterialsGlobal Medical Grade Silicone Rubber Market to Exceed USD 13.95 Billion by 2035
According to a research report published by Spherical Insights & Consulting, the Global Medical Grade Silicone Rubber Market is Expected to Grow from USD 7.85 billion in 2024 to USD 13.95 billion by 2035, at a CAGR of 5.37% during the forecast period 2025-2035.
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Browse key industry insights spread across 225 pages with 119 Market data tables and figures & charts from the report on the "Global Medical Grade Silicone Rubber Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Elastomers, Fluids, and Gels), By Application (Medical Devices, Pharmaceuticals, Diagnostics, Personal Care, and Industrial), By End-Use (Healthcare, Pharmaceuticals, Medical Devices, Cosmetics, and Food & Beverage), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." https://www.sphericalinsights.com/reports/medical-grade-silicone-rubber-market
The medical grade silicone rubber market refers to the industry encompassing the production and sale of silicone materials specifically designed and tested for use in medical devices, implants, and other healthcare applications. Medical-grade silicone rubber is safe, flexible, and durable, and does not react with the human body, which makes it perfect for medical implants, tubing, and drug delivery systems. With increasing healthcare investments and improvement in healthcare infrastructure, an expansion of silicone-based drug delivery systems, sensors, and wearable health devices is providing growth opportunities in the medical grade silicone rubber market. An increasing demand for minimally invasive medical procedures is contributing to driving the market for medical grade silicone rubber due to its flexibility and compatibility with the patient’s physiology. The growing technological advancements, along with an increasing prevalence of chronic diseases, are propelling the market growth. On the contrary, increased raw material prices and complexity in the manufacturing processes are challenging the market growth for medical grade silicone rubber.
The elastomers segment dominated the market with a major share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the medical grade silicone rubber market is divided into elastomers, fluids, and gels. Among these, the elastomers segment dominated the market with a major share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Silicon elastomers are used in the medical sector, including implants, catheters, and seals. The scope of silicone elastomers for wearable technology and 3D printing is escalating the market growth in the elastomers segment.
The medical devices segment accounted for the largest market revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the medical grade silicone rubber market is divided into medical devices, pharmaceuticals, diagnostics, personal care, and industrial. Among these, the medical devices segment accounted for the largest market revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Flexibility and durability of medical grade silicone rubber make them ideal for use in medical devices. With the increasing use of silicone rubber for the production of various medical devices, technological advancements for developing innovative medical devices are anticipated to drive the market demand.
The healthcare segment accounted for a substantial market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end-use, the medical grade silicone rubber market is divided into healthcare, pharmaceuticals, medical devices, cosmetics, and food & beverage. Among these, the healthcare segment accounted for a substantial market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Implants, respiratory devices, and medical device components are several components in the healthcare sector where medical grade silicone rubber is used. Advancement in medical infrastructure, along with the presence of healthcare providers, is propelling the market growth.
North America is expected to hold the majority share of the global medical grade silicone rubber market during the forecast period.
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North America is expected to hold the majority share of the global medical grade silicone rubber market during the forecast period. The increasing application of silicone rubber in the healthcare industry for medical devices & equipment, owing to its biocompatibility and flexibility, is propelling the market. Further, the growing investment in research and development activities, as well as medical components innovations, is contributing to driving the medical grade silicone rubber market.
Asia Pacific is anticipated to grow at the fastest pace in the global medical grade silicone rubber market during the forecast period. An increasing healthcare awareness, the expansion of medical device manufacturing in growing economies, countries as China and India, is escalating the regional market for medical grade silicone rubber. Technological advancements, including computer-aided design/computer-aided manufacturing dentistry, are also propelling the market growth.
Europe is anticipated to hold a substantial share of the medical grade silicone rubber market during the predicted timeframe. The growing use of medical grade silicone rubber in drug delivery devices like inhalers and implantable pumps as a safe medium for long-term therapeutic applications is propelling the market. Additionally, the growing healthcare spending, along with advancements in medical technology, is bolstering the market growth.
Major vendors in the global medical grade silicone rubber market are Dow, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive Performance Materials, Elkem ASA, Avantor, Inc., KCC SILICONE CORPORATION, Zhejiang Xin’an Chemical Group Co., Ltd., Simtec Silicone Parts, LLC, Stockwell Elastomerics, Trelleborg AB, Applied Silicone Corporation, Specialty Silicone Products, Inc., Rogers Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In April 2024, Elkem unveiled silicone soft skin gel adhesive at EWMA 2024 in London. Medical-grade soft skin adhesive silicone facilitates wound healing and provides gentle adhesion, even to the most delicate skin.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the medical grade silicone rubber market based on the below-mentioned segments:
Global Medical Grade Silicone Rubber Market, By Product Type
- Elastomers
- Fluids
- Gels
Global Medical Grade Silicone Rubber Market, By Application
- Medical Devices
- Pharmaceuticals
- Diagnostics
- Personal Care
- Industrial
Global Medical Grade Silicone Rubber Market, By End-Use
- Healthcare
- Pharmaceuticals
- Medical Devices
- Cosmetics
- Food & Beverage
Global Medical Grade Silicone Rubber Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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