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Medical Grade Silicone: Critical Driver Shaping the Growth Of The Medical-Grade Silicone Market Is Supporting Advanced Healthcare Innovations Market in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Medical Grade Silicone Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, a robust growth has been observed in the market size of medical grade silicone, which is predicted to escalate from $2.36 billion in 2024 to $2.55 billion in 2025, registering a compound annual growth rate (CAGR) of 8.2%. The historical period growth can be associated with factors such as increased spending on healthcare, strict regulation benchmarks, increasing prevalence of chronic diseases, an aging demographic, a rise in number of surgical procedures, and advancements in technology.
Medical Grade Silicone Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, we can anticipate robust expansion in the medical grade silicone market, which is predicted to elevate to a worth of $3.5 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.2%. Reasons that drive growth during the forecast period include the rise of new markets, development of personalized medicine, adoption of IoT and wearable devices, emphasis on sustainability, the evolution of telemedicine and remote monitoring, the advancement of regenerative medicine, and collaboration within the industry. Key trends expected during this period consist of intelligent materials, bioresorbable silicones, 3D printing, nano-coatings, minimally invasive surgeries, drug-eluting implants, and digital health solutions.
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What Are the Drivers Transforming the Medical Grade Silicone Market?
The increase in the making of medical appliances and parts is anticipated to stimulate the expansion of the medical-grade silicone market in the future. Medical appliances and their constituents, including instruments, tools, implants or other health-related products designed to diagnose, prevent, monitor, cure, or mitigate illnesses or injuries are referred to. The necessity for innovative medical appliances offering precise diagnosis and efficient treatment methodologies primarily triggers the demand for these items. Moreover, the escalating concentration on preventive health care and the switch to customised medicine also accelerate the demand for tailored appliances and diagnostic instruments. Medical-grade silicone escalates the function and safeguards of medical appliances and parts, ensuring biocompatibility, longevity, and regulatory adherence. For example, as reported by the Department of Health and Social Care, a government agency based in the UK, registered medical products with the Medicines and Healthcare Products Regulatory Agency (MHRA) rose from approximately 2.25 million in 2022 to roughly 3.25 million by April 2024. Consequently, an escalation in the production of medical appliances and parts is catalysing the medical-grade silicone market.
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Which Fast-Growing Trends Are Poised to Disrupt the Medical Grade Silicone Market?
Leading firms in the medical-grade silicone market are introducing innovative products like high-adhesion silicone materials to improve skin adhesion in advanced wound treatment and wearable medical devices. High-adhesion silicone materials are specially designed compounds that adhere more effectively to different substrates, providing superior bonding strength and longevity in applications like sealants, adhesives, and coatings. For instance, DuPont de Nemours Inc., a chemical and science-based products manufacturing company based in the U.S., unveiled DuPont Live MG 7-9960 soft skin adhesive in October 2023. This is a high-adhesion, low-cyclic silicone soft skin adhesive (SSA) specifically made for advanced wound care dressings and medical devices that stick to the skin for long periods of time. The product's goal is to ensure gentle adhesion, effortless removal, and enhanced wear performance, catering to the needs of individuals with sensitive or vulnerable skin, such as children, the elderly, or those with skin conditions or wounds.
Which Segments in the Medical Grade Silicone Market Offer the Most Profit Potential?
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 Dominate the Medical Grade Silicone Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Medical Grade Silicone Market?
North America was the largest region in the medical grade silicone market in 2024. The regions covered in the medical grade silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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