Medical Grade Silicone Market Analysis

Medical Grade Silicone Market Analysis

Based on the form, the medical grade silicone market from rubber could reach more than USD 1.2 billion by 2032. High compatibility of silicon rubber with various sterilization methods will support segment expansion. Due to its superior flexibility and durability, silicone rubber can withstand repeated flexing and stretching without losing its shape or mechanical properties. This makes it suitable for medical applications that require materials to withstand dynamic movements, such as prosthetics, catheters, and tubing.

With respect to application, medical grade silicone market share from the medical device components segment will grow at 7% CAGR by 2032. The lightweight nature and biocompatibility of medical grade silicone have made it a preferred material for various surgical instruments. Moreover, it exhibits excellent resistance against chemicals, including common disinfectants, solvents, and bodily fluids. This resistance ensures that the material remains stable and does not degrade when exposed to various substances, preventing potential interactions or material breakdowns that could compromise the integrity and performance of medical device components.

On the regional front, the North America medical grade silicone market size was worth over USD 295 million in 2022. Growing prevalence of diabetes and cardiac arrests has increased the need for medical devices in the region, elevating the demand for medical-grade silicone. As per the CDC, around 37.3 million people in the U.S. have diabetes, which accounts for 11.3% of the country’s population. Moreover, rapidly expanding healthcare infrastructure coupled with the presence of leading industry players such as Bio Plexus, LLC.