Global Medical Elastomers Market Size & Outlook, 2023-2030
Global medical elastomers market, 2018-2030 (US$M)
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Global medical elastomers market highlights
- The global medical elastomers market generated a revenue of USD 4,173.9 million in 2023 and is expected to reach USD 9,659.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.7% by 2030.
- In terms of segment, thermoplastic elastomer accounted for a revenue of USD 2,855.8 million in 2023.
- Thermoplastic Elastomer is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,173.9 million |
| Market revenue in 2030 | USD 9,659.9 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Thermoplastic elastomer |
| Fastest growing segment | Thermoplastic Elastomer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoplastic Elastomer, Thermoset Elastomer |
Other key industry trends
- In terms of revenue, the North America accounted for 39.5% of the global medical elastomers market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 59.3 million by 2030.
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Medical Elastomers Market Scope
Medical Elastomers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical elastomers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical elastomers market will help companies and investors design strategic landscapes.
Thermoplastic elastomer was the largest segment with a revenue share of 68.42% in 2023. Horizon Databook has segmented the Global medical elastomers market based on thermoplastic elastomer, thermoset elastomer covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Elastomers Type Outlook (Revenue, USD Million, 2018-2030)
- Thermoplastic Elastomer
- Thermoset Elastomer
- Global Medical Elastomers Application Outlook (Revenue, USD Million, 2018-2030)
- Medical Tubes
- Medical Bags
- Catheters
- Syringes
- Implants
- Gloves
- Others
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Target buyers of Global medical elastomers market databook
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Our clientele includes a mix of medical elastomers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical elastomers market , including forecasts for subscribers. This global databook contains high-level insights into Global medical elastomers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical elastomers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical elastomers market size, 2023 (US$M)
Global medical elastomers market share, by type, 2023 & 2030 (%, US$M)
Medical elastomers market: Opportunity assessment by country
Global medical elastomers market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,028.7 | 1,128.0 | 1,245.5 | 1,370.6 | 1,488.1 | 1,647.5 | 1,832.8 | 2,053.6 | 2,314.3 | 2,618.3 | 2,969.2 | 3,374.6 | 3,838.8 | 12.9% |
| Europe | 672.3 | 734.7 | 808.5 | 886.8 | 959.6 | 1,058.8 | 1,174.0 | 1,311.0 | 1,472.5 | 1,660.4 | 1,876.7 | 2,125.8 | 2,410.1 | 12.5% |
| Asia Pacific | 682.0 | 749.6 | 829.8 | 915.5 | 996.5 | 1,106.0 | 1,233.4 | 1,385.5 | 1,565.3 | 1,775.4 | 2,018.4 | 2,299.7 | 2,622.7 | 13.1% |
| Latin America | 136.7 | 148.7 | 162.9 | 177.8 | 191.4 | 210.2 | 232.0 | 257.8 | 288.2 | 323.4 | 363.8 | 410.1 | 462.7 | 11.9% |
| MEA | 99.3 | 107.8 | 118.0 | 128.6 | 138.2 | 151.4 | 166.7 | 184.8 | 205.9 | 230.3 | 258.1 | 289.8 | 325.5 | 11.6% |
| Overall | 2,618.9 | 2,868.8 | 3,164.6 | 3,479.3 | 3,773.8 | 4,173.9 | 4,638.9 | 5,192.7 | 5,846.2 | 6,607.7 | 7,486.2 | 8,499.9 | 9,659.9 | 12.7% |
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