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What fueled the previous growth in the medical grade silicone market?

The size of the medical grade silicone market has significantly expanded in the past years. The market value is anticipated to rise from $2.36 billion in 2024 to $2.57 billion in 2025, maintaining a compound annual growth rate (CAGR) of 9.1%. The notable growth during the historic period can be linked to factors like escalating healthcare expenses, rigorous regulatory norms, the increase in chronic ailments, an aging demographic, the surge in surgical procedures, and advancements in technology.

What will be the medical grade silicone market size in the future?

Projected robust growth is expected in the medical grade silicone market, with its size reaching $3.6 billion by 2029, thanks to a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth during the forecast period comprise emerging markets, personalized medicine, the convergence of Internet of Things (IoT) and wearable tech, emphasis on sustainability, telehealth and home monitoring, regenerative medicine, and industry collaboration. Key trends anticipated during this period include advanced materials, bio-degradable silicones, 3D printing, nano coatings, less invasive surgeries, medication-releasing implants, and digital healthcare innovations.

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What main drivers are fueling expansion in the medical grade silicone market?

An increase in the production of medical-grade silicone is anticipated due to a surge in the manufacturing of medical devices and components. The category of medical devices and components includes tools, equipment, implants and other healthcare products that serve to diagnose, prevent, monitor, mitigate or cure diseases or injuries. The primary driver of this demand is the necessity for innovative medical instruments capable of providing precise diagnoses and efficient treatment options. The growing emphasis on preventive healthcare and the transition to personalised medicine also stimulates the need for customised devices and diagnostic instruments. Medical-grade silicone boosts the effectiveness and safety of these devices and components by guaranteeing biocompatibility, long-lasting performance, and adherence to regulatory standards. Illustratively, the Department of Health and Social Care, a UK government agency, reported an increase in registered medical products with the Medicines and Healthcare Products Regulatory Agency (MHRA) from approximately 2.25 million in 2022 to about 3.25 million by April 2024. Thus, as the production of medical devices and components rises, so too does the market for medical-grade silicone.

What key areas define the segmentation of the global 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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Who are the dominant players expanding their reach 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 emerging trends are influencing the growth of the medical grade silicone market?

Leading corporations in the medical-grade silicone market are creating progressive solutions such as superior-adhesion silicone materials to boost skin attachment for advanced wound treatments and wearable medical appliances. Superior-adhesion silicone materials refer to specially engineered compounds that stick more effectively to various substrates, delivering enhanced binding power and longevity in applications like sealants, glues, and coatings. To illustrate, in October 2023, DuPont de Nemours Inc., an American firm that produces chemical and science-based items, unveiled DuPont Live MG 7-9960 soft skin adhesive. This new addition is a superior-adhesion, low-cyclic silicone soft skin adhesive (SSA) tailored specifically for advanced wound care dressings and medical devices that stick to skin for extended periods. The product’s goal is to offer gentle adherence, effortless removal, and superior wear performance, catering to patients with delicate or frail skin, including children, older people, and those with skin ailments or wounds.

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Which regions are emerging as leaders in 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.

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