Medical Grade Silicone Market - By Form (Gel, Rubber, Foam, Sheet, Block), By Application (Respiratory Devices, Medical Device Components, Implants, Orthopedic Forms) & Forecast, 2022 - 2030

Industry Overview

Medical Grade Silicone Market size was worth more than USD 1.3 billion in 2021 and is projected to depict over 6% CAGR between 2022-2030.
 

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Silicone is becoming a preferred material for medical device manufacturers, due to favorable aesthetic characteristics and light weight. Furthermore, silicone is biocompatible and can be used for surgical procedures including prosthetic and orthopedic applications. This polymer is used for making flexible, and soft materials for prosthetic liners. These liners are molded over the residual limb of the patient to protect against contact with a prosthetic device.
 

High raw material costs may inhibit medical grade silicone market growth to a certain extent. Silicone rubber is thermally stable and resistant to harsh environments, making it more expensive that other natural and synthetic rubber varieties. This price is further impacted by disruptions in the supply chain. Due to the COVID-19 pandemic, most sectors are struggling to resolve their supply chain issues, especially the adhesive and sealant sector. This, in addition to the limited supply of raw components required for producing silicone, may hinder market expansion.
 

High compatibility of silicone rubber to increase product use in sterilization products

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Medical grade silicone market value from the rubber form segment is anticipated to be worth more than USD 1 billion by 2030. There has been a substantial rise in demand for silicone rubber due to its high compatibility across various sterilization methods and rapid curing ability, among other attributes. These rubbers are utilized in a wide range of products such as feeding tubes, balloon catheters, compression bars, drainage, introducer tips, ear plugs, stoppers, septum, and valves among others. The substantial scope of applicability will thus amplify the demand for medical grade silicone rubber in sterilization products.
 

Growing disease burden to boost use of medical grade silicone in respiratory device applications

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Medical grade silicone market from the respiratory devices application segment is projected to exhibit over 6% CAGR from 2022 to 2030. Growing occurrence of disorders in children, adults, and the geriatric population has increased the demand for respiratory devices. As per a survey conducted by NHS England, respiratory disorders are the third biggest cause of death in England and impact one in five people in the country.
 

To tackle respiratory diseases, the procurement of durable respiratory devices and masks that can sustain multiple cleaning cycles has become necessary. Medical silicone is emerging as an ideal material for such devices, due to its high-tear resistance and thermal stability. The increasing burden of respiratory diseases has created strong demand for treatment options, and in turn, for materials such as medical grade silicone.
 

Presence of key healthcare companies to influence Europe market statistics

Europe medical grade silicone market accounted for over 29% share of the global industry in 2021. Growing consumer demand for biocompatible products has increased the acceptance of medical grade silicones in the region. Moreover, the presence of major industry players focused on product modernization, alongside maintaining compliance with regulatory bodies is driving product adoption.
 

A notable example is the Norway-based Elkem Silicones, a leader in the production of medical grade silicone materials. The company’s Silbione range of products is biocompatible and caters to stringent medical regulations for safety-critical applications such as dental, prosthetic, and surgeries. The introduction of such innovative products by key players is thus expected to create a favorable outlook for the market in Europe.
 

Regulatory approvals for novel products to influence the competitive landscape

Some of the key players operating in the medical grade silicone market include Avantor Inc., Bio Plexus, LLC, Dongguan City Betterly New Materials Co., Ltd., Primasil Silicones Limited, Shinu-Estu Chemical Co., Ltd., STOCKWELL ELASTOMERICS, INC., Wacker Chemie AG, DuPont, Momentive (KCC Corporation), and Elkem ASA. Most these companies are receiving approvals for their new products, allowing them to expand their business operations and product portfolio.
 

Impact of COVID-19 crisis on medical grade silicone market trends

The COVID-19 outbreak had a massive economic impact, in developed as well as developing nations. The onset of the pandemic disrupted the operations of several small-scale and large-scale organizations in various sectors, including healthcare. As a result of the growing focus of healthcare organizations on treating people affected by COVID-19, many diagnostic and surgical procedures were postponed during the pandemic. This slowed down the adoption of medical grade silicones, especially in the early months of 2020, inhibiting market growth to a certain extent.
 

The medical grade silicone market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2030 for the following segments:

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By Form)

• Gel
• Rubber
• Foam
• Sheet
• Block
• Others

By Application

• Respiratory Devices
• Medical Device Components
• Implants
• Orthopedic products
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.,
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific 
  • Japan
  • China
  • India
  • Australia
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa 
  • South Africa
  • Saudi Arabia
  • UAE