Europe Medical Elastomers Market Size & Outlook, 2023-2030

The medical elastomers market in Europe is expected to reach a projected revenue of US$ 2,410.1 million by 2030. A compound annual growth rate of 12.5% is expected of Europe medical elastomers market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,058.8
Forecast, 2030 (US$M)
$2,410.1
CAGR, 2024 - 2030
12.5%
Report Coverage
Europe

Europe medical elastomers market highlights

  • The Europe medical elastomers market generated a revenue of USD 1,058.8 million in 2023.
  • The market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
  • In terms of segment, thermoplastic elastomer was the largest revenue generating type in 2023.
  • Thermoplastic Elastomer is the most lucrative type segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 1,058.8 million
Market revenue in 2030USD 2,410.1 million
Growth rate12.5% (CAGR from 2023 to 2030)
Largest segmentThermoplastic elastomer
Fastest growing segmentThermoplastic Elastomer
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationThermoplastic Elastomer, Thermoset Elastomer
Key market players worldwideBasf SE, Dow Inc, DuPont de Nemours Inc, DSM Firmenich AG, Kuraray Co Ltd, Teknor Apex, L.B. Foster Co Class A, Hexpol AB Class B, Trelleborg AB Class B, Celanese Corp Class A, Solvay SA, Kraton Performance Polymers, Momentive, Avient Corp, Biomerics

Other key industry trends

  • In terms of revenue, Europe region accounted for 25.4% of the global medical elastomers market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,622.7 million by 2030.

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Medical Elastomers Market Companies

Name Profile # Employees HQ Website

Europe 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 68.3% in 2023. Horizon Databook has segmented the Europe medical elastomers market based on thermoplastic elastomer, thermoset elastomer covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Medical Elastomers Type Outlook (Revenue, USD Million, 2018-2030)
    • Thermoplastic Elastomer
    • Thermoset Elastomer
  • Europe 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 Europe medical elastomers market databook

  • Our clientele includes a mix of medical elastomers market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 continent-level data and insights on the Europe medical elastomers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical elastomers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe medical elastomers market size, by country, 2018-2030 (US$M)

Europe Medical Elastomers Market Outlook Share, 2023 & 2030 (US$M)

Europe medical elastomers market size, by country, 2018-2030 (US$M)

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