Medical Grade Silicone Rubber Market To Reach $1.1 Billion By 2030

Medical Grade Silicone Rubber Market Growth & Trends

The global medical grade silicone rubber market size is estimated to reach USD 1.1 billion by 2030, registering to grow at a CAGR of 6.8% from 2025 to 2030 according to a new report by Grand View Research, Inc. The growing medical industry coupled with increasing healthcare expenditure across the world is projected to fuel the global market during the forecast period. The market is projected to register substantial growth due to the rising adoption of silicone rubber for prosthetics and implants, disposables, catheter, surgical instruments, and drug delivery systems.

Properties such as low toxicity, excellent biocompatibility, stain-resistant, extreme temperature applications (from -55°C to 230°C), flexible and durable, resistance to weathering and oxidation, excellent resistance to chemicals, superior dielectric, and insulation characteristics are propelling the product demand in medical applications. In Asia Pacific, the market is anticipated to progress at a CAGR of 7.3% over the forecast period. Increasing expenditure of various governments on public and private health systems are expected to positively impact the regional market growth.

The growth of the market can be attributed to the increasing government’s efforts to improve public access to healthcare services at affordable prices. Increasing government expenditure to improve infrastructure and accessibility in rural and urban areas is expected to drive the demand for medical devices and components, which, in turn, is expected to augment product demand over the forecast period. Moreover, the recent outbreak of COVID-19 in countries such as India, China, Australia, Japan, and Malaysia are creating huge product demand, especially in disposable, catheter application. Thus, the rising positive cases in the region are projected to significantly drive market growth.

High consistency rubber is anticipated to progress at a substantial growth rate over the forecast period. It is widely used in various applications such as balloon catheters, molded medical device parts, and extruded tubing. Properties such as excellent resistance to extreme weather conditions, high viscosity, and consistency are expected to propel demand in these applications.

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Medical Grade Silicone Rubber Market Report Highlights

• Liquid silicone rubber dominated the market and accounted for a share of 62.1% in 2024 due to its exceptional flexibility, biocompatibility, and rapid curing capabilities.

• Prosthetics & implants led the market with a revenue share of 27.8% in 2024, owing to the growing requirement for biocompatible materials that prioritize patient safety.

• North America medical grade silicone rubber market dominated the global market with a revenue share of 34.1% in 2024.

Medical Grade Silicone Rubber Market Segmentation

Grand View Research has segmented the global medical grade silicone rubber market based on product, application, and region:

Medical Grade Silicone Rubber Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Liquid Silicone Rubber

• High Consistency Rubber

Medical Grade Silicone Rubber Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Prosthetics & Implants

• Disposables

• Catheter

• Surgical Instruments

• Drug Delivery Systems

• Others

Medical Grade Silicone Rubber Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

List of Key Players in Medical Grade Silicone Rubber Market

• Dow

• Wacker Chemie AG

• Shin-Etsu Chemical Co., Ltd.

• Momentive Performance Materials

• Elkem ASA

• Avantor, Inc.

• KCC SILICONE CORPORATION

• Zhejiang Xin’an Chemical Group Co., Ltd.

• Simtec Silicone Parts, LLC

• Stockwell Elastomerics

• Trelleborg AB

• Applied Silicone Corporation

• Specialty Silicone Products, Inc.

• Rogers Corporation