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Medical Grade Silicone Market Expands with Surge in Implants and Medical Devices | Elkem Silicones, DuPont de Nemours Inc., 3M Company
Medical Grade Silicone Market
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Medical Grade Silicone Market Growth
Medical Grade Silicone Market size was valued at US$ 1,587.61 million in 2022 and is estimated to reach US$ 2,285.39 million by 2031, growing at a CAGR of 5.84% during the forecast period (2024-2031).
Comprehensive Insight into Medical Grade Silicone Market Landscape and Growth Trends:
Medical grade silicone is a biocompatible material used in medical devices, implants, tubing, and prosthetics. It must meet stringent regulatory standards for use inside or on the human body.
The medical grade silicone market is witnessing steady growth due to its wide applicability in implants and catheters, increasing surgical volumes, and the rise of minimally invasive procedures. Its inertness, stability, and hypoallergenic properties make it ideal for long-term medical use.
Major Players Shaping the Competitive Landscape:
Elkem Silicones, DuPont de Nemours Inc., 3M Company, Avantor Performance Materials LLC, Freudenberg Medical, Albright Technologies, Stockwell Elastomerics, SIMTEC Silicone Parts (Rico Group), Momentive Performance Materials Inc., Wacker Chemie AG and more.
Important Mergers, Acquisitions, and Market Shifts:
▶ March 6, 2025 - The U.S. Federal Trade Commission (FTC) filed a lawsuit to block GTCR's $627 million acquisition of Surmodics, a leading medical device coatings manufacturer, citing concerns about reducing competition and potentially increasing healthcare costs
▶ February 3, 2025 - At MD&M West, Wacker Chemie AG highlighted a new gamma-radiation-sterilizable silicone pressure-sensitive adhesive (PSA), enabling broader use of skin-friendly silicones in medical devices such as wearables, IV sets, and wound-care applications .
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Methodology and Scope:
This Medical Grade Silicone Market report is developed using a robust research methodology that combines primary interviews, insights from industry experts, and verified secondary sources such as company filings, trade journals, and trusted databases. It follows a bottom-up and top-down approach to ensure data accuracy through triangulation. The scope of the report covers current market trends, growth potential, and strategic developments across global and regional markets.
Regional Overview for Medical Grade Silicone Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Report Includes:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.
People Also Ask:
➠ What are the global sales, production, consumption, imports, and exports in the Medical Grade Silicone market?
➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?
➠ What key opportunities and challenges do vendors face in the Medical Grade Silicone industry?
➠ Which product types, applications, or end-users are driving market growth, and what is their market share?
➠ What are the major growth drivers and restraints of the Medical Grade Silicone market?
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