Medical Grade Silicone Market Size, Share, and Trends 2024 to 2034

The global medical grade silicone market size accounted for USD 2.75 billion in 2024, grew to USD 2.92 billion in 2025 and is predicted to surpass around USD 5.10 billion by 2034, representing a healthy CAGR of 6.40% between 2024 and 2034. The North America medical grade silicone market size is calculated at USD 1.21 billion in 2024 and is expected to grow at a fastest CAGR of 6.46% during the forecast year.

  • Last Updated : 03 Dec 2024
  • Report Code : 2214
  • Category : Healthcare

Medical Grade Silicone Market Size and Forecast 2024 to 2034

The global medical grade silicone market size is estimated at USD 2.75 billion in 2024 and is anticipated to reach around USD 5.10 billion by 2034, expanding at a CAGR of 6.40% from 2024 to 2034.

Medical Grade Silicone Market Size 2024 To 2034

Medical Grade Silicone Market Key Takeaways

  • North America region has captured 44% of revenue share in 2023.
  • By application, the medical device segment has accounted for 31% of revenue share in 2023.
  • The contact lenses segment has reached a 28% revenue share in 2023.

U.S. Medical Grade Silicone Market Size and Growth 2024 to 2034

The U.S. medical grade silicone market size is evaluated at USD 847 million in 2024 and is predicted to be worth around USD 1600 million by 2034, rising at a CAGR of 6.63% from 2024 to 2034. 

U.S. Medical Grade Silicone Market Size 2024 to 2034

On the basis of geography, segment of medical grade silicone enhances the market in various regions. North America to be largest region with increased acquisition of the medical grade silicone with increased developments in the market. Rising research and development with increasing investment for new innovations in medical components. Increasing number of chronic disorders such as orthopedics, cardiovascular and prosthetics with increased number of patients and increased accidents which led to increased utilization of medical devices, medical components.

Medical Grade Silicone Market Share, By Region, 2023 (%)

Government with increased funding for new developments and innovations strives the market to grow more. Asia Pacific region in process with continuous research and development for development of medical components with increased efficiency drives the market to grow of medical grade silicone.

Market Overview

Medical grade silicone is gradually utilized for manufacturing and production of the medical devices and components utilized in hospitals with increased demands from the medical sector. Medical grade silicone is categorised in to three forms such as non-implantable, short term implantable and long term implantable. Enhance demands from the various applications such in catheters, prosthetics, disposables, and surgical instruments prosthetics, drug delivery system which drives the medical grade silicone market with increased utilization in orthopaedics and prosthetics with increased benefits such as light weight of the medical devices and increased prevalence with increased chronic disorder and enhance the medical grade silicone market.

Increased demands for the disposable devices from the market with increased medical grade silicone. Increased in research and development in developing the medical grade silicone market. Changing lifestyle of the individuals with increased chronic disorders such as cardiovascular, orthopedics, oncology enhances the medical grade silicone market with increased revenue share of the medical grade silicone market. Increased recent developments with increase market players and enhance research in medical grade silicone market expansion of the market growth.

Impact of covid-19 with wide spread of corona virus across various regions with imposition of strict rules and regulations with lock down integrated in to the region and ceased the transportation and shutdown of the industries which affected the market of medical grade silicone market.  Post pandemic situation of the medical grade silicone market with increased demands for the medical devices from the medical sector which enhance the market growth of medical grade silicone with rising utilization from the customers.

Medical Grade Silicone Market Growth Factors

Medical grade silicone market with wide acceptance of the developed technologies and increased demands for the silicone based medical devices such as surgical instruments, catheters, disposables, prosthetics, implants, drug delivery system with wide acquisition and utilization from the medical sector with increasing the demands from the customers. Increased number of chronic disorders among the individuals with increasing population and enhance number of medical devices with improved benefits.

Advance technological developments with innovative feature and medical devices developed with improving the medical sector infrastructure which fuels the market of medical grade silicone market to a larger extend. Increased demands from the medical sector for innovative developments in silicone marker of medical devices with increasing number of geriatric population and increase in number of accidents fuels the market of medical grade silicone with increased revenue share.

The enhance property of medical grade silicone devices such as biocompatibility and hydrophobicity with high choice from the customers in composition of medical grade silicone market. Utilization of medical grade silicone in manufacturing and producing medical devices such as surgical instruments, defibrillators, heart pumps, disposable devices and many more with enhance demands for medical components with increased chronic disorders such as cardiovascular, orthopedics fuels the market growth. Improved benefits of medical grade such as light weight of the medical devices, disposable characteristics may propel the market to grow.

The advance research and developments with continuous research in medical grade silicone devices with improved technologies in medical devices and enhance demand from the customer which strives the market growth to greater height. Increased government interest for developing the medical grade silicone with increased funding from the government to develop new innovative technologies.  The key market players involved in introducing the medical silicone devices with increased investment from the market players with new technologies boost the market to grow.

Market Scope

Report Coverage Details
Market Size in 2024 USD 2.75 Billion
Market Size by 2034 USD 5.10 Billion
Growth Rate from 2024 to 2034 CAGR of 6.40%
Base Year 2023
Forecast Period 2024 to 2034
Segments Covered Type, Application, and Geography

Market Dynamics

Key Market Drivers

  • Increased devices of implantable devices in the medical grade silicone - Advance development of medical devices utilized in surgery implantation or replacing the biological parts. Medical devices developed are placed accordingly with the requirements either internally or externally. Increased focus on developing the medications and developing the medical devices which helps to supports the body for functioning. Utilization of medical grade silicone in various applications in health care clinics in orthopedics, cardiovascular disorder, neuropathic disorder and other therapeutic disorder. Which helps to boost the market of medical grade silicone with increased revenue share and enhance demands from the market.
  • Prevalence of chronic disorder- Increased numerous chronic disorders among the individuals with increasing population and rising disorders enhance the market growth. Increasing number of geriatric patients and rising number of accidents with increased demands for disposable medical devices and increased number of surgical instruments required for the customers with increased demands from the health care sector and expansion of the market with increased advance technologies and increase research and developments propels the market of medical grade silicone with increased number of devices.

Key Market Challenges 

  • High cost of the medical grade silicone devices - The advance development of new technologies with increased features and increased performance of the medical devices utilized during the surgery and integration of the medical components in the body which supports the organs and tissues. Which led to increased cost of the medical components and devices which are used in disorders. Increased cost of the silicone based medical devices may hamper the market of medical grade silicone to larger extend.
  • Lack of skill - With new developments integrated in medical devices with increased number of surgery implantation in knee arthroplasty, cardiovascular disorders and other surgeries with new medical components designed with increased functions and techniques used during performing the surgery. Lack of skill among the individuals may hamper the growth of the market.
  • Availability of the other medical devices - Other than medical grade silicone devices there are number of alternative options available with existing advance technologies in the market can alter the market of medical grade silicone with decreased revenue share of the medical grade silicone-based devices.

Key Market Opportunities

  • Increased health care facilities - Increased research and development for developing the medical components with improved facilities in the hospitals with new developments and increased functions in various disorders such as cardiovascular, orthopedics components, prosthesis and other. Emerged with the developing opportunities in medical grade silicone market. Increased number of medical grades silicone-based components helps to boost the market to a larger extend.
  • Increased government support - Increased government interest n developing new medical devices based on silicone material with increased benefits such as less weight and increased investment from the government for new innovative developments in medical grade silicone devices with improved results and good response with increased demands from the market for new technologies and infrastructures developed with development of medical grade silicone devices helps to drive the market share.

Types Insights

On the basis of type, the segment of medical grade silicone, Liquid silicone rubber to acquire the largest market share, Silicone rubber with the various properties may propel the market growth. Increased biocompatibility, resistance to the higher temperature, resistance to chemical, resistance to bacteria. Increased attraction towards the medical grade silicone devices.

Numerous characters of the medical devices and properties which led to increased production and manufacturing of the medical components with increased performance of the components developed. Silicone rubber has the benefits of sterilization, characteristics of self-adhesiveness, water resistance property with increased demand for the silicone rubber may enhance the market of medical grade silicone with increase in revenue.

Applications Insights

On the basis of application, in the segmentation of medical grade silicone prosthetics and implantation with increased market share with increasing demands from the medical grade silicone. Increased utilization of medical components in arthritis, joint replacement, total knee replacement with increased number of orthopaedics patients and rising demands from the customer and fulfill the needs as per the requirements and increased performance may urge the market of silicone based medical devices to grow.

Cardiovascular also with increased surgeries propels the market of medical grade silicone. Impact of covid-19 with increased number of patients with various disorder and increased utilization of medical tapes, medical devices, medical components utilized in surgery and expansion of medical grade silicone devices with enhance market size.

Medical Grade Silicone Market Companies

  • Dow corning
  • Wacker Chemie AG
  • Shin-Etsu Chemical Co.Ltd
  • Momentive
  • Bluestar Silicones
  • 3M Company
  • Elkem ASA
  • DuPont
  • Stockwell Elastomerics
  • Primasil Silicones Limited
  • Dongguan City Betterly New Materials Co., Ltd
  • Avantor
  • BioPlexus
  • LLC
  • KCC Corporation
  • NSil Technology 
  • Saint-Gobain Performance Plastics

The Key Market Players

  • Numerous key market players are involved in development with launch of technologies and techniques involved in medical grade silicone. Increased investment for new innovations with increased research helps to boost the market of medical grade silicone market.

Recent Developments

  • In the year 2016 November, Strong silicone soft skin adhesive introduced by Dow Corning Corporation. Soft skin adhesive medical device which is strong. Introduction of silicone based medical adhesive device.
  • In the year 2016 April, Introduction of new plant by the Bluestar Silicones in Joinville and headquarters in Sao Paolo. Wide expansion of the developments with developed features and benefits such as cost effectivity, structure has helped the company enhancement of the market growth.

Segments Covered in the Report

By Type

  • Gels
  • Elastomers
  • Medical Adhesives
  • Medical Coatings
  • Liquid Silicone Rubbers
  • Foam
  • Others (Excipients, Emulsions APIs, Dispersion, etc.)

By Application 

  • Prosthetics & Implants
  • Orthopedics components
  • Cardiovascular devices
  • Medical devices
  • Medical Tapes
  • Drug delivery systems
  • Others (oral care products, topical gels, drugs, surgical instruments)

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

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Frequently Asked Questions

The global medical grade silicone market size was accounted at USD 2.75 billion in 2024 and it is expected to reach around USD 5.10 billion by 2034.

The global medical grade silicone market is poised to grow at a CAGR of 6.40% from 2024 to 2034.

The major players operating in the medical grade silicone market are Dow corning, Wacker Chemie AG, Shin-Etsu Chemical Co.Ltd, Momentive, Bluestar Silicones, 3M Company, Elkem ASA, DuPont, Stockwell Elastomerics, Primasil Silicones Limited, Dongguan City Betterly New Materials Co., Ltd, Avantor, BioPlexus, LLC, KCC Corporation, NSil Technology, Saint-Gobain Performance Plastics

Increasing demands with rising chronic disorders and increasing number of geriatric patients and rising number of accidents with increased demands for disposable medical devices are driving the growth of the medical grade silicone market.

North America region will lead the global medical grade silicone market during the forecast period 2024 to 2034.

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Meet the Team

Sanket Gokhale is one of the key authors contributing to the high-quality, actionable insights that define our market research reports. Sanket holds an MBA with a specialization in Healthcare Management, coupled with a Bachelor’s degree in Pharmacy. With over 5 years of experience in market research, Sanket has cultivated a deep understanding of the healthcare sector, from pharmaceutical innovations to healthcare

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With over 14 years of experience, Aditi is the powerhouse responsible for reviewing every piece of data and content that passes through our research pipeline. She is not just an expert—she’s the linchpin that ensures the accuracy, relevance, and clarity of the insights we deliver. Aditi’s broad expertise spans multiple sectors, with a keen focus on ICT, automotive, and various other cross-domain industries.

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