Press release
Leading Growth Driver in the Medical Grade Silicone Market in 2025: Growth Of The Medical-Grade Silicone Market Is Supporting Advanced Healthcare Innovations Driver's Influence
Medical Grade Silicone
The increasing production of medical devices and components is expected to fuel the growth of the medical-grade silicone market. Medical devices and components are essential for diagnosing, treating, and preventing medical conditions. The demand for these products is growing due to the need for accurate diagnostic tools and effective treatment options. Medical-grade silicone is used to enhance the safety and performance of medical devices by ensuring durability, biocompatibility, and regulatory compliance. The Department of Health and Social Care in the UK noted an increase in registered medical products, from 2.25 million in 2022 to 3.25 million by 2024. Therefore, the rise in medical device production is driving the growth of the medical-grade silicone market.
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What growth opportunities are expected to drive the medical grade silicone market's CAGR through 2034?
The medical grade silicone market will grow from $2.36 billion in 2024 to $2.57 billion in 2025 at a CAGR of 9.1%, driven by increased healthcare expenditure, regulatory compliance, and rising surgical procedures.
The medical grade silicone market is set to reach $3.6 billion by 2029 at a CAGR of 8.8%, driven by IoT integration, personalized medicine, and telemedicine growth. Key trends include bioresorbable silicones, 3D printing, nano-coatings, and drug-eluting implants.
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What are the emerging trends shaping the future of the medical grade silicone market?
Companies in the medical-grade silicone market are innovating with higher-adhesion silicone materials designed for advanced wound care and wearable devices. These materials offer improved adhesion and durability for applications like sealants and adhesives. In October 2023, US-based DuPont de Nemours launched DuPont Live MG 7-9960, a silicone adhesive specifically for medical devices and wound care dressings. It offers gentle adhesion and easy removal, designed for patients with sensitive skin.
Which growth-oriented segments of the medical grade silicone market are leading the industry's development?
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 region dominates 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.
What companies are at the forefront of innovation 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
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What Is Covered In The Medical Grade Silicone Global Market Report?
•Market Size Forecast: Examine the medical grade silicone market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical grade silicone market for a structured understanding.
•Key Players Overview: Analyze major players in the medical grade silicone market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical grade silicone market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical grade silicone market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical grade silicone market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical grade silicone market.
•Competitive Landscape: Review strategic developments in the medical grade silicone market, including expansions, agreements, and new product launches.
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