What Is The Current and Historic Market Size Analysis Of The Medical Grade Silicone Market?
The medical grade silicone market has seen considerable growth due to a variety of factors.
• The medical grade silicone market has grown strongly in recent years. It will grow from $2.36 billion in 2024 to $2.57 billion in 2025, at a CAGR of 9.1%.
The growth is attributed to rising healthcare expenditure, stringent regulatory standards, an aging population, the prevalence of chronic diseases, increasing surgical procedures, and technological innovations.
What Is The Forecast For The Medical Grade Silicone Market Size?
The medical grade silicone market is expected to maintain its strong growth trajectory in upcoming years.
• The medical grade silicone market is set to grow to $3.6 billion by 2029 at a CAGR of 8.8%.
Growth is driven by emerging markets, personalized medicine, IoT and wearable device integration, sustainability, telemedicine, regenerative medicine, and industry collaborations. Key trends include smart materials, bioresorbable silicones, 3D printing, nano-coatings, minimally invasive surgeries, drug-eluting implants, and digital health solutions.
What Are The Essential Drivers Behind The Growth Of The Medical Grade Silicone Market?
The rise in medical device and component production is expected to propel the medical-grade silicone market. The growing demand for innovative and personalized medical devices, as well as the emphasis on preventive healthcare, is driving the need for materials like medical-grade silicone. This material ensures safety, durability, and compliance in medical devices. The UK Department of Health and Social Care reported an increase in the number of registered medical products, further driving demand for medical-grade silicone.
How Is The Global Medical Grade Silicone Market Divided Into Key Segments?
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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What Trends Are Shaping The Medical Grade Silicone Market?
Key players in the medical-grade silicone market are innovating with advanced solutions such as higher-adhesion silicone materials, designed to improve skin adhesion for advanced wound care and wearable medical devices. These higher-adhesion silicone products are specially engineered compounds that adhere more effectively to different substrates, providing enhanced bonding strength and durability for uses including sealants, adhesives, and coatings. For example, in October 2023, DuPont de Nemours Inc., an American company that produces chemicals and science-based products, launched the DuPont Live MG 7-9960 soft skin adhesive. This high-adhesion, low-cyclic silicone soft skin adhesive (SSA) product is specifically designed for advanced wound care dressings and medical devices that stick to skin for long durations. Its goal is to deliver gentle adhesion, ease of removal, and superior wear performance, meeting the requirements of patients with sensitive or fragile skin, including children, the elderly, and those suffering from skin conditions or wounds.
Who Are the Key Players In 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
What Are The Regional Insights Into The Medical Grade Silicone Market?
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.
