Medical Grade Silicone Tubing Market Size, Share, Trends, Growth and Forecast 2030

Medical Grade Silicone Tubing Industry Prospective:

The global Medical Grade Silicone Tubing market size was worth around USD 1800 million in 2022 and is predicted to grow to around USD 2900 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2023 and 2030.

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The report analyzes the global Medical Grade Silicone Tubing market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the medical grade silicone tubing industry.     

Medical Grade Silicone Tubing Market: Overview

To comply with standards and regulations, medical tubing is utilized in a variety of medical or pharmaceutical-related applications. The control of drainage and fluid is accomplished using it. In addition, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment all employ medical tubing, as do respiratory and anesthesiology apparatus. Medical tubing must be manufactured according to a standard technique and with the proper certifications since it directly affects human tissue. Specialized materials that fulfill the required standards are used to make medical tubing. Medical-grade silicone tubing is essential for many treatments, diagnoses, and procedures. Due to its particular qualities, it is the best option for applications where cleanliness, safety, and compatibility with biological systems are crucial.

Key Insights

• As per the analysis shared by our research analyst, the global Medical Grade Silicone Tubing market is estimated to grow annually at a CAGR of around 6.5% over the forecast period (2023-2030).
• In terms of revenue, the global Medical Grade Silicone Tubing market size was valued at around USD 1800 million in 2022 and is projected to reach USD 2900 million, by 2030.
• The global Medical Grade Silicone Tubing market is being driven by the growing geriatric population and rising chronic diseases across the globe.
• Based on the form, the rubber segment is expected to dominate the market over the forecast period.
• Based on the application, the medical device components segment is expected to hold the largest market share over the forecast period.
• Based on region, North America is expected to dominate the market over the forecast period.

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Medical Grade Silicone Tubing Market: Growth Drivers

The growing geriatric population drives the market growth

The demand for medical supplies and treatments has been influenced by the aging populations in various regions of the world. Elderly people frequently need medical procedures and treatments that use medical-grade silicone tubing, such as IV lines, urine catheters, and other devices. For instance, according to the World Health Organization, one in six individuals on the planet will be 60 or older by 2030. By this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. The number of individuals in the world who are 60 or older will double (to 2.1 billion) by 2050. Between 2020 and 2050, the number of people 80 or older is projected to treble, reaching 426 million. Thus, the aforementioned stats drive the global medical grade silicone tubing market growth over the forecast period.

Medical Grade Silicone Tubing Market: Restraints

High cost hampers the market growth

The cost of manufacturing medical-grade silicone tubing, particularly those with advanced features, can be high. Higher product prices can be attributed to factors including the cost of raw materials, production procedures, and adherence to quality standards. Market acceptance may be impacted by this cost aspect, particularly in healthcare systems with tight budgets. For instance, silicone materials are highly volatile as it is extracted from petroleum products. Thus, the ups and down in the price of petroleum products directly impacted the medical-grade silicone tubing industry growth.

Medical Grade Silicone Tubing Market: Opportunities

The increasing product launches offer a lucrative opportunity for the market growth

The increasing product launches are expected to offer a lucrative opportunity for medical-grade silicone tubing market revenue growth over the forecast period. For instance, in August 2022, HelixTC over-moulded sanitary ends in silicone have been developed by Freudenberg Medical, a producer of medical and pharmaceutical equipment, systems, components, and tubing, for use in bioprocessing and single-use fluid transfer applications. HelixTC is a replacement for common barbed TC connectors that uses platinum-cured silicone tubing from Freudenberg's PharmaFocus Premium product line. Moreover, in February 2023, at MD&M West, DuPontTM unveiled its brand-new LiveoTM MG 7-9960 Soft Skin Adhesive, a soft elastomeric silicone adhesive with strong adhesion power, extended wear time, and easy removal. The product has very little cyclosiloxanes in its design. Thus, the increasing product launch fuels market growth.

Medical Grade Silicone Tubing Market: Challenges

Concerns related to the environment act as a major challenge to the market growth

The healthcare sector is getting more and more environmentally sensitive. Environmental issues may arise from the disposal of medical devices, especially silicone tubing. Sustainable business practices, which could incur additional expenditures, are required of manufacturers to solve these issues. Thus, the concern associated with the environment is acting as a major challenge to market revenue growth.

Medical Grade Silicone Tubing Market: Segmentation

The global Medical Grade Silicone Tubing industry is segmented based on form, application, and region.

Based on the form, the global medical-grade silicone tubing market is bifurcated into gel, rubber, foam, sheet, block, and others. The rubber segment is expected to dominate the market over the forecast period. The creation of medical equipment and devices requires the use of rubber materials, including silicone. They have characteristics including elasticity, flexibility, and resilience to different environmental influences. In contrast to other rubber materials, silicone is employed in medical applications due to a special mix of qualities that make it particularly appropriate for medical-grade tubing. Thereby, driving the segment growth over the forecast period.

Based on the application, the global medical grade silicone tubing industry is bifurcated into respiratory devices, medical device components, implants, orthopedic products, and others. The medical device components segment is expected to hold the largest market share over the forecast period. It may be utilized in newborn care goods and medical applications that adhere to the strictest quality requirements set by both patients and healthcare experts. Silicones are sanitized and antibacterial, which makes them perfect for delicate applications like topical medicine and respiratory treatment. Silicones don't irritate and there is no interaction between them and other materials. These medications are safe to use intravenously as well as through skin contact due to their hypoallergenic qualities. To assure its safety in medical applications, silicon is rigorously examined and controlled. Thereby, driving the segment growth over the forecast period.

Medical Grade Silicone Tubing Market: Report Scope

Medical Grade Silicone Tubing Market: Regional Analysis

North America is expected to dominate the market over the projected period

North America is expected to dominate the global medical grade silicone tubing market over the forecast period. The rising frequency of chronic illnesses & the aging population, the rising number of product releases, the rising demand for minimally invasive treatments, and the rising strategic initiatives by important market participants are the main drivers driving the growth of the North American market. The US is expected to hold a prominent market share over the forecast period. For instance, according to the Kidney Disease Statistics for the United States, which was updated in July 2022, chronic kidney disease (CKD) affects more than one in seven persons in this nation, and it is projected that 37 million Americans have kidney disease. Urinary catheter demand will rise as the prevalence of CKD in the nation rises, propelling the market.

Additionally, new product introductions and market approvals will expand the market. For instance, SKATER Mini-Loop Drainage Catheters, which will be inserted through the skin under imaging guidance as a minimally invasive method to remove or drain an undesirable fluid accumulation, were introduced by Argon Medical Devices, Inc. in the United States in August 2021. Moreover, the FDA granted The Flume Catheter Business Ltd. (TFCC) permission to commercialize the FLUME catheter in the United States in November 2021. TFCC is a medical device business committed to creating a superior replacement for the Foley indwelling urinary catheter. Thus, this is expected to drive market growth in the region during the forecast period.

Medical Grade Silicone Tubing Market: Competitive Analysis

The global Medical Grade Silicone Tubing market is dominated by players like:

• Trelleborg
• Saint-Gobain
• Freudenberg Group
• Parker
• Raumedic
• NewAge Industries
• Lubrizol (Vesta)
• Primasil
• Simolex
• Chensheng Medical
• Leadfluid
• Yongshengyuan
• Hengshui Shuangxing

The global Medical Grade Silicone Tubing market is segmented as follows:

By Form

• Gel
• Rubber
• Foam
• Sheet
• Block
• Others

By Application

• Respiratory Devices
• Medical Device Components
• Implants
• Orthopedic Products
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa