At what pace is the medical grade silicone market growing, and what is its estimated value?
The medical grade silicone market size has grown strongly in recent years. It will grow from $2.36 billion in 2024 to $2.57 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growing healthcare expenditure, stringent regulatory standards, rising chronic diseases, an aging population, increasing surgical procedures, and technological innovations.
The medical grade silicone market size is expected to see strong growth in the next few years. It will grow to $3.6 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to emerging markets, personalized medicine, the integration of IoT and wearable devices, a focus on sustainability, telemedicine and remote monitoring, regenerative medicine, and industry collaboration. Major trends in the forecast period include smart materials, bioresorbable silicones, 3D printing, nano-coatings, minimally invasive surgeries, drug-eluting implants, and digital health solutions.
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How have varous drivers impacted the growth of the medical grade silicone market?
The rise in the production of medical devices and components is expected to propel the growth of the medical-grade silicone market going forward. Medical devices and components refer to instruments, apparatuses, implants, or other products used in healthcare to diagnose, prevent, monitor, treat, or alleviate disease or injury. The demand for medical devices and their components is primarily driven by the need for innovative medical devices that can provide accurate diagnosis and effective treatment options continues to grow. Additionally, the rising focus on preventive healthcare and the shift towards personalized medicine also fuel the demand for tailored devices and diagnostic tools. Medical-grade silicone enhances the performance and safety of medical devices and components, ensuring biocompatibility, durability, and regulatory compliance. For instance, according to the Department of Health and Social Care, a UK-based government agency, registered medical products with the Medicines and Healthcare Products Regulatory Agency (MHRA) increased from approximately 2.25 million in 2022 to around 3.25 million by April 2024. Therefore, a rise in the production of medical devices and components is driving the medical-grade silicone market.
What are the primary segments of the medical grade silicone market?
The medical grade silicone market covered in this report is segmented –
1) By Product Type: Gels And Elastomers, Medical Grade Silicone Fluids, Medical Grade Silicone Resins, Other Type
2) By Application: Medical Devices, Pharmaceuticals, Prosthetics And Orthopedics, Wound Care, Other Application
3) By End-User: Hospitals And Clinics, Pharmaceutical Companies, Research and Academic Institutions, Other End-Users
Subsegments:
1) By Gels and Elastomers: Silicone Gel, Silicone Elastomers
2) By Medical Grade Silicone Fluids: Liquid Silicone Rubber (LSR), Silicone Oil
3) By Medical Grade Silicone Resins: Silicone Resin for Coatings, Silicone Resin for Adhesives
4) By Other Types: Silicone Adhesives, Silicone Sealants
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Which firms are leading the medical grade silicone market?
Major companies operating in the medical grade silicone market are Dow Inc., 3M Company, Shinu-Estu Chemical Co. Ltd., Evonik Industries AG, DuPont de Nemours Inc., Wacker Chemie AG, Avantor Inc., KCC Corporation, Trelleborg AB, Elkem ASA, Quantum Silicones LLC, Biomerics LLC, ACC Silicones Ltd., Momentive Performance Materials, Saint-Gobain Performance Plastics, NuSil Technology LLC, Applied Silicone Corporation, Silex Silicones Ltd., Stockwell Elastomerics Inc., Specialty Silicone Products Inc., Primasil Silicones Limited, Bio Plexus LLC, Dongguan City Betterly New Materials Co. Ltd, Wynca Group
How will industry trends affect the trajectory of the medical grade silicone market?
Major companies operating in the medical-grade silicone market are developing advanced solutions such as higher-adhesion silicone materials to enhance skin adhesion for advanced wound care and wearable medical devices. Higher-adhesion silicone materials refer to compounds engineered to adhere more effectively to various substrates, offering improved bonding strength and durability in applications such as sealants, adhesives, and coatings. For instance, in October 2023, DuPont de Nemours Inc., a US-based company that manufactures chemicals and science-based products, launched DuPont Live MG 7-9960 soft skin adhesive, which introduces a higher-adhesion, low-cyclic silicone soft skin adhesive (SSA) designed specifically for advanced wound care dressings and medical devices that adhere to skin for extended periods. This product aims to provide gentle adhesion, easy removal, and improved wear performance, addressing the needs of patients with sensitive or fragile skin, including children, the elderly, and those with skin conditions or wounds.
Which geographic trends are shaping the medical grade silicone market, and which region has the highest market share?
North America was the largest region in the medical grade silicone market in 2023. The regions covered in the medical grade silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Medical Grade Silicone Market Report 2025 Offer?
The medical grade silicone market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Medical grade silicone refers to silicone materials that comply with stringent standards and regulations for use in medical and healthcare applications. These materials are biocompatible, ensuring they are safe for use inside or on the body. They possess properties such as flexibility, durability, and resistance to heat and chemicals, making them suitable for manufacturing medical devices, implants, and other healthcare-related products.
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