Global Medical Elastomer Market to reach $14.27 billion by 2029, driven by demand for biocompatible materials.

From GlobeNewswire: 2025-01-12 20:00:00

The Global Medical Elastomer Market is projected to reach $14.27 billion by 2029, with a CAGR of 8.3% from 2024-2029. The demand for durable, flexible, and biocompatible materials in medical devices is fueling the growth, especially with the rise in elderly population and wearable medical devices.

Thermoplastic Elastomers are the fastest growing type in the medical elastomer market, with catheters being a significant application. North America leads the market in terms of value. Thermoset elastomers are preferred for their durability, thermal stability, and biocompatibility, making them ideal for medical devices like orthopedic implants.

Medical tubing accounts for the largest market share in the medical elastomer market, due to its crucial role in healthcare devices like catheters and respiratory systems. The demand for tubing materials with superior flexibility and durability is increasing, driven by aging populations and advancements in minimally invasive surgery.

North America dominates the medical elastomer market, thanks to its strong healthcare infrastructure and stringent regulatory standards. The region’s aging population and prevalence of chronic diseases are driving the demand for medical elastomers in various applications, including drug delivery systems and implants.



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