Global medical elastomers market is estimated to be valued at USD 8.67 Bn in 2024 and is expected to exhibit a CAGR of 7.8% during the forecast period (2024-2031). The medical elastomers market has been growing at a steady pace over the past few years. Elastomers, which are a type of polymer materials that are elastic in nature, find a wide range of applications across the medical device industry. Some common examples of medical elastomers include silicone rubber, polyisoprene rubber, and latex rubber. Due to their elasticity, flexibility and durable properties, elastomers are ideal for making several components of medical devices ranging from catheters, tubes and balloons to gloves, stoppers and bags. Their biocompatibility also makes elastomers suitable for products that come in direct contact with the human body. With the rising healthcare spending and growing demand for medical devices, the market for medical elastomers is expected to witness progressive growth over the coming years.

Market Dynamics:

The global medical elastomers market growth is driven by the growing geriatric population and the subsequent rise in the number of patients undergoing surgical procedures. As per estimations, over 1.5 billion minor and major surgeries are performed globally each year. This is expected to drive the demand for various disposable medical devices that use elastomers. Additionally, the increasing incidence of lifestyle diseases has boosted the healthcare industry, which in turn augments the market growth. However, stringent regulations pertaining to biocompatibility and toxicity of materials pose a challenge for market players. Moreover, availability of alternative materials also restrains the market expansion. On the positive side, ongoing R&D to develop advanced bio-elastomers with improved properties provides new opportunities.

Key Features of the Study:

• This report provides an in-depth analysis of the global medical elastomers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global medical elastomers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this includes Avient, Rubber Group, Teknor Apex, Solvay, RTP Company, Romar, AVANTOR Inc., Momentive, Kuraray Co. Ltd, Kraton Corporation, DSM, Biomerics, DuPont de Nemours Inc., Sumitomo Rubber Industries Ltd., Eastman Chemical Company, Hexpol AB, and Arkema Group.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global antibiotics market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical elastomers market.

Detailed Segmentation-

• By Type:
  • Thermoplastic Elastomer
  • Thermoset Elastomer
• By Application:
  • Medical Tubes
  • Catheters
  • Syringes
  • Non-woven and Films
  • Gloves
  • Medical Bags
  • Implants
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Avient
  • Rubber Group
  • Teknor Apex
  • Solvay
  • RTP Company
  • Romar
  • AVANTOR Inc.
  • Momentive
  • Kuraray Co. Ltd
  • Kraton Corporation
  • DSM
  • Biomerics
  • DuPont de Nemours Inc.
  • Sumitomo Rubber Industries Ltd.
  • Eastman Chemical Company
  • Hexpol AB
  • Arkema Group