Medical Elastomers Market Size (2024 - 2029)

Medical Elastomers Market Analysis

The Medical Elastomers Market size is estimated at 3.5 Million tons in 2024, and is expected to reach 4.94 Million tons by 2029, growing at a CAGR of 7.12% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. The nationwide lockdowns and stringent social distancing mandates led to supply chain disruptions across different segments of the market. However, the market is expected to grow steadily owing to increasing investments in healthcare.

• The demand for safe, halogen-free polymers and the shift in the medical industry toward wearable health devices and medical tools that can talk to each other from the outside are the main things driving the market.
• Decreasing usage of single-use devices and the increasing prices of silicone are the factors that may slow down the market's growth. The medical elastomer industry is moving toward sustainable and green projects as environmental awareness grows.
• The development of bio-based thermoplastic elastomers is the key market opportunity.

Asia-Pacific dominated the market across the globe, with the largest consumption in countries such as China, India, etc.

Medical Elastomers Industry Segmentation

Elastomers are major of two types - thermoset elastomers and thermoplastic elastomers. The thermoset elastomers cannot be melted and retain their structure while thermoplastic elastomers can be melted to mold into different shapes. The medical elastomer market is segmented by type into thermoplastic elastomer and thermoset elastomer. On basis of application, the market is segmented into medical tubes, catheters, syringes, non-wovens and films, gloves, medical bags, implants, and other applications. The report also covers the market sizes and forecasts for Medical Elastomers Market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (in kilo tons).