Medical Grade Silicone Market Size - By Form (Gel, Rubber, Foam, Sheet, Block), By Application (Respiratory Devices, Medical Device Components, Implants, Orthopedic Forms)- Global Forecast (2023-2032)

Medical Grade Silicone Market Size - By Form (Gel, Rubber, Foam, Sheet, Block), By Application (Respiratory Devices, Medical Device Components, Implants, Orthopedic Forms)- Global Forecast (2023-2032)

Global Medical Grade Silicone Market size will expand significantly through 2032. Surging prevalence of chronic disorders such as cancer, heart attack, diabetes, and others has increased the need for medical devices, increasing the demand for medical grade silicone. According to the New York State Department of Health, heart diseases claim around 697,000 lives in the U.S. every year, accounting for one in every five deaths.

Moreover, rising awareness of the benefits of medical grade silicone could further contribute to industry growth. Medical-grade silicone's biocompatibility, flexibility, softness, durability, and ease of sterilization make it a valuable material in a wide range of medical applications. From implants and prosthetics to wound dressings and medical tubing, silicone contributes to improved patient comfort, safety, and treatment outcomes, leading to industry growth.

The overall medical grade silicone market is categorized based on form, application, and region.

Based on form, industry share from gel segment will grow at over 7% CAGR from 2023 to 2032. Silicone gels are known for their durability and longevity. They are resistant to degradation and can maintain their physical properties over an extended period. This durability makes them suitable for long-term use in medical devices, implants, or external applications that require sustained performance and reliability. Moreover, high availability of these gels in various textures, from very soft gels used in prosthetics and implants to very sticky gels used in wound treatment, favors their adoption.

In terms of application, the industry value from the orthopedic products segment will amass exponential gains through 2032. Growing incidence of orthopedic disorders such as degenerative bone disease has increased product adoption. As per the CDC, around 4.2% of men and 18.8% of women 50 years of age and over suffer from osteoporosis of the lumbar spine or femur neck in the U.S. alone. Moreover, rising investments in orthopedic equipment will further supplement segment growth.

Europe medical grade silicone market size will be worth over USD 750 million by 2032. The region is home to major market players such as Wacker Chemie AG and others emphasizing product innovations. Moreover, the rising prevalence of chronic disorders such as heart disease, cancer, and others has increased the need for medical devices in the region, stimulating the demand for medical grade silicone.