Global Medical Grade Silicone Rubber Market Size & Outlook
The medical grade silicone rubber industry worldwide is expected to reach a projected revenue of US$ 1,090.4 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide medical grade silicone rubber industry from 2025 to 2030.
Revenue, 2024 (US$M)
$738.9
Forecast, 2030 (US$M)
$1,090.4
CAGR, 2025 - 2030
6.7%
Report Coverage
Worldwide
Global medical grade silicone rubber market, 2018-2030 (US$M)
Related Markets
Global medical grade silicone rubber market highlights
- The global medical grade silicone rubber market generated a revenue of USD 738.9 million in 2024 and is expected to reach USD 1,090.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.7% by 2030.
- In terms of segment, liquid silicone rubber accounted for a revenue of USD 458.7 million in 2024.
- High Consistency Rubber is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 738.9 million |
| Market revenue in 2030 | USD 1,090.4 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Liquid silicone rubber |
| Fastest growing segment | High Consistency Rubber |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Liquid Silicone Rubber, High Consistency Rubber |
Other key industry trends
- In terms of revenue, the North America accounted for 34.1% of the global medical grade silicone rubber market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 84.3 million by 2030.
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Medical Grade Silicone Rubber Market Scope
Medical grade silicone rubber market segmentation & scope
Others
Medical Grade Silicone Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global medical grade silicone rubber market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical grade silicone rubber market size, 2024 (US$M)
Global medical grade silicone rubber market share, by product, 2024 & 2030 (%, US$M)
Medical grade silicone rubber market: Opportunity assessment by country
Global medical grade silicone rubber market, by region, 2024 (US$M)
Related regional statistics
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