Medical Grade Silicone Market Analysis And Forecast To 2031: By Form (Gel, Rubber, Foam, Sheet, Block), By Application (Respiratory Devices, Medical Device Components, Implants, Orthopedic Forms), And Region

Medical Grade Silicone Market Analysis And Forecast To 2031: By Form (Gel, Rubber, Foam, Sheet, Block), By Application (Respiratory Devices, Medical Device Components, Implants, Orthopedic Forms), And Region

The global medical grade silicone market was valued at USD 1.3 Billion in 2021 and it is anticipated to grow up to USD 2.2 Billion by 2031, at a CAGR of 5.5% during the forecast period.

Medical grade silicone is a type of silicone that is safe to use in medical applications. Silicone is a synthetic rubber that is made from silicon, oxygen, and other elements. It is known for its durability and resistance to heat, cold, and moisture. Medical grade silicone is often used in medical devices such as catheters, implants, and prosthetics. It is also used in medical applications where it comes into contact with the body, such as in wound care and surgery.
Global Medical Grade Silicone Market Scope and Report Structure
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Market Trends and Drivers
The major factors driving the growth of this market include the growing demand for medical grade silicone from the healthcare industry, the increasing use of medical grade silicone in the manufacturing of medical devices, the growing preference for silicone over other materials in the healthcare industry, and the increasing awareness about the benefits of medical grade silicone. The healthcare industry is the major end-use industry of medical grade silicone. The growing demand for medical devices and the increasing preference for silicone over other materials in the healthcare industry are the major factors driving the growth of the medical grade silicone market in this end-use industry. The medical devices industry is expected to grow at a significant rate during the forecast period due to the increasing prevalence of chronic diseases and the growing aging population. Silicone is widely used in the manufacturing of medical devices due to its biocompatibility, flexibility, and thermal stability.

The automotive industry is another major end-use industry of medical grade silicone. The increasing use of medical grade silicone in the manufacturing of automotive parts and components is driving the growth of the medical grade silicone market in this end-use industry. Automotive parts and components made from medical grade silicone offer superior performance and durability. They are also resistant to extreme temperatures, which makes them ideal for use in the automotive industry.
Market Restraints and Challenges
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.
Global Medical Grade Silicone Market Segmental Overview
The report analyses the global medical grade silicone market based on form, application, and region

Global Medical Grade Silicone Market by Form

Based on form the market is segmented as Gel, Rubber, Foam, Sheet, and Block. The rubber form segment accounted for majority market share in 2021 and is anticipated to register a significant CAGR from 2022-20301. 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.

Global Medical Grade Silicone Market by Application

Based on application, the market is segmented as respiratory devices, medical device components, implants, and orthopedic forms. The respiratory devices segment held substantial market share in 2021 and is anticipated to witness notable growth to reach highest market share and CAGR by 2031. 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.
Geographical Analysis of Global Medical Grade Silicone Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2021, Europe held more than 29% of the market. 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.
Major Players in the Global Medical Grade Silicone Market
The key players in the market Avantor, Inc., BioPlexus, LLC, Dongguan City Betterly New Materials Co., Ltd., Primasil Silicones Limited, Shin-Etsu Chemical Co., Ltd., STOCKWELL ELASTOMERICS, INC., Wacker Chemie AG, DuPont, Momentive Performance Materials, and Elkem ASA, among others.

COVID-19 Impact:

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.
Recent Developments

In October 2022, Elkem opened new medical grade silicones facility in South Carolina
In January 2022, B9Creations, launched a brand-new elastomeric resin called BioRes – Silicone. This new addition to its suite of biocompatible 3D printing materials enables customized medical and consumer tech applications for comfortable skin contact products, such as headphones, hearing aids, wristbands, attachments for wearables, silicone components for medical devices, and more.
In August 2021, Elkem introduced two new silicone adhesives to its lineup of medical grade Silbione® silicone solutions at the upcoming Medical Design and Manufacturing West conference in Anaheim, Calif.
In December 2018, Wacker Chemie AG, announced to increase its global production capacity of medical-grade silicone rubber and reach 40,000 metric tons per year by 2021.
In May 2017, Henkel AG & Co. KGaA acquired German-based Sonderhoff Group, which offers industrial assembly with high-impact sealing solutions, in an attempt to enhance the existing portfolio of the company and initiate growth opportunities in cleaning solutions for applications such as lighting systems and filtration appliances.

Medical Grade Silicone Market Report Coverage

The report offers a comprehensive quantitative as well as qualitative analysis of the current global Medical Grade Silicone Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
A thorough analysis of market trends and restraints is provided.
Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
The forecasts in this report are made by examining the recent trends along with future Medical Grade Silicone Market potential from 2021 to 2031 in terms of revenue.
Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Medical Grade Silicone Market are also analyzed.
Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Frequently Asked Questions
Q1. How big is the Medical Grade Silicone Market?

Ans. The global Medical Grade Silicone Market size was USD 1.3 Billion in 2021 and is anticipated to reach USD 2.2 Billion in 2031, growing at a rate of 5.5% from 2022 to 2031.

Q2. What is the Medical Grade Silicone Market growth rate?

Ans. The growth rate of the Medical Grade Silicone Market is 5..5%.

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the Medical Grade Silicone Market in 2021.

Q4. Which segment accounted for the largest Medical Grade Silicone Market share?

Ans. By application, respiratory devices segment accounted for the largest Medical Grade Silicone Market share.

Q5. Who are the key players in the Clear Aligners Market?

Ans. The global Medical Grade Silicone Market report includes players such as  Avantor, Inc., BioPlexus, LLC, Dongguan City Betterly New Materials Co., Ltd., Primasil Silicones Limited, Shin-Etsu Chemical Co., Ltd., STOCKWELL ELASTOMERICS, INC., Wacker Chemie AG, DuPont, Momentive Performance Materials, and Elkem ASA, among others.

Q6. What are the factors driving the Medical Grade Silicone Market growth?

Ans. The major factors driving the growth of the market are surging demand for medical grade silicon in prosthetics & orthopedic application.

Q7. What are the key growth strategies of Medical Grade Silicone Market players?

Ans. The key growth strategies of Medical Grade Silicone Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Medical Grade Silicone Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Medical Grade Silicone Market during the forecast period.

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