The global market for Medical Elastomers was estimated to be worth US$ 3771 million in 2024 and is forecast to a readjusted size of US$ 6008 million by 2031 with a CAGR of 6.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Medical Elastomers cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Medical elastomers are often used in fluid pathways, blood pressure tubing, wound drainage and Penrose tubing, and even drug delivery systems. Elastomers maintain their shape even when twisted and stretched and are durable enough for a fast-paced surgical environment. The medical elastomers include Thermoplastic Elastomers (TPE) and Thermoset Elastomers (TSE).
Thermoplastic Elastomers (TPE) and Thermoset Elastomers (TSE) have one very important difference. A TSE, during formation, undergoes a chemical reaction called vulcanization, where strong chemical bonds are formed. Whereas TPEs can be reheated and reshaped, a TSE, due to vulcanization, once cooled, loses its ability to be heated and reprocessed into a different shape.
In 2024, global Medical Elastomers sales volume reached approximately 794.9 k tons, with an average global market price of around US$ 4700 per ton.
Global key players of Medical Elastomers include DuPont, Avient, TekniPlex, Kraton, Mitsubishi Chemical, etc. The top five players hold a share about 28%. China is the largest market, and has a share about 32%, followed by North America and Europe with share 24% and 22%, separately. In terms of product type, Thermoplastic Elastomer is the largest segment, accounting for a share of 64%. In terms of application, Medical Consumables is the largest field with a share about 56 percent.
Countries around the world, especially emerging market countries, are increasing their investment in medical infrastructure. The growth in medical expenditure by the government and private sectors provides a stable market demand for the medical elastomer industry. Especially in the Asia-Pacific region and Latin America, the expansion and renewal of medical facilities provide a broad market for the application of medical elastomer materials. Enterprises can enter these markets with huge growth potential through international layout.
Progress in materials science has led to higher performance and more biocompatible medical elastomer materials. For example, elastomer materials with antibacterial properties, degradability, and smart functions are developing rapidly.
Through technological innovation, medical elastomers can enter new medical applications such as degradable medical devices, drug delivery systems, and smart medical devices. These new applications will expand market demand and bring high value-added product opportunities to companies.
With the rise of health management and telemedicine, the wearable device market is expanding rapidly. As an important material for wearable devices, the demand for medical elastomers has increased accordingly. The application of medical elastomers in wearable devices is mainly focused on flexible sensors, flexible circuits and comfortable wearing experience. As consumers' demand for personalization, comfort and durability increases, companies can gain market share by developing and providing high-performance elastomer materials.
This report aims to provide a comprehensive presentation of the global market for Medical Elastomers, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Medical Elastomers by region & country, by Type, and by Application.
The Medical Elastomers market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Elastomers.
Market Segmentation
By Company
- DuPont
- TekniPlex
- Avient
- Kraton
- Mitsubishi Chemical
- Wanhua Chemical
- Dynasol
- BASF
- Kuraray
- Asahi Kasei
- Kraiburg TPE
- RTP Company
- Wittenburg
- Elastron
- Teknor Apex
Segment by Type
- Thermosetting Elastomer
- Thermoplastic Elastomer
Segment by Application
- Medical Devices
- Medical Consumables
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Medical Elastomers manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Medical Elastomers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Medical Elastomers in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Medical Elastomers Product Introduction
- 1.2 Global Medical Elastomers Market Size Forecast
- 1.2.1 Global Medical Elastomers Sales Value (2020-2031)
- 1.2.2 Global Medical Elastomers Sales Volume (2020-2031)
- 1.2.3 Global Medical Elastomers Sales Price (2020-2031)
- 1.3 Medical Elastomers Market Trends & Drivers
- 1.3.1 Medical Elastomers Industry Trends
- 1.3.2 Medical Elastomers Market Drivers & Opportunity
- 1.3.3 Medical Elastomers Market Challenges
- 1.3.4 Medical Elastomers Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Medical Elastomers Players Revenue Ranking (2024)
- 2.2 Global Medical Elastomers Revenue by Company (2020-2025)
- 2.3 Global Medical Elastomers Players Sales Volume Ranking (2024)
- 2.4 Global Medical Elastomers Sales Volume by Company Players (2020-2025)
- 2.5 Global Medical Elastomers Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Medical Elastomers Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Medical Elastomers Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Medical Elastomers
- 2.9 Medical Elastomers Market Competitive Analysis
- 2.9.1 Medical Elastomers Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Medical Elastomers Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Medical Elastomers as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Thermosetting Elastomer
- 3.1.2 Thermoplastic Elastomer
- 3.2 Global Medical Elastomers Sales Value by Type
- 3.2.1 Global Medical Elastomers Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Medical Elastomers Sales Value, by Type (2020-2031)
- 3.2.3 Global Medical Elastomers Sales Value, by Type (%) (2020-2031)
- 3.3 Global Medical Elastomers Sales Volume by Type
- 3.3.1 Global Medical Elastomers Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Medical Elastomers Sales Volume, by Type (2020-2031)
- 3.3.3 Global Medical Elastomers Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Medical Elastomers Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Medical Devices
- 4.1.2 Medical Consumables
- 4.1.3 Others
- 4.2 Global Medical Elastomers Sales Value by Application
- 4.2.1 Global Medical Elastomers Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Medical Elastomers Sales Value, by Application (2020-2031)
- 4.2.3 Global Medical Elastomers Sales Value, by Application (%) (2020-2031)
- 4.3 Global Medical Elastomers Sales Volume by Application
- 4.3.1 Global Medical Elastomers Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Medical Elastomers Sales Volume, by Application (2020-2031)
- 4.3.3 Global Medical Elastomers Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Medical Elastomers Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Medical Elastomers Sales Value by Region
- 5.1.1 Global Medical Elastomers Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Medical Elastomers Sales Value by Region (2020-2025)
- 5.1.3 Global Medical Elastomers Sales Value by Region (2026-2031)
- 5.1.4 Global Medical Elastomers Sales Value by Region (%), (2020-2031)
- 5.2 Global Medical Elastomers Sales Volume by Region
- 5.2.1 Global Medical Elastomers Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Medical Elastomers Sales Volume by Region (2020-2025)
- 5.2.3 Global Medical Elastomers Sales Volume by Region (2026-2031)
- 5.2.4 Global Medical Elastomers Sales Volume by Region (%), (2020-2031)
- 5.3 Global Medical Elastomers Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Medical Elastomers Sales Value, 2020-2031
- 5.4.2 North America Medical Elastomers Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Medical Elastomers Sales Value, 2020-2031
- 5.5.2 Europe Medical Elastomers Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Medical Elastomers Sales Value, 2020-2031
- 5.6.2 Asia Pacific Medical Elastomers Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Medical Elastomers Sales Value, 2020-2031
- 5.7.2 South America Medical Elastomers Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Medical Elastomers Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Medical Elastomers Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Medical Elastomers Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Medical Elastomers Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Medical Elastomers Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Medical Elastomers Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Medical Elastomers Sales Value, 2020-2031
- 6.3.2 United States Medical Elastomers Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Medical Elastomers Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Medical Elastomers Sales Value, 2020-2031
- 6.4.2 Europe Medical Elastomers Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Medical Elastomers Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Medical Elastomers Sales Value, 2020-2031
- 6.5.2 China Medical Elastomers Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Medical Elastomers Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Medical Elastomers Sales Value, 2020-2031
- 6.6.2 Japan Medical Elastomers Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Medical Elastomers Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Medical Elastomers Sales Value, 2020-2031
- 6.7.2 South Korea Medical Elastomers Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Medical Elastomers Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Medical Elastomers Sales Value, 2020-2031
- 6.8.2 Southeast Asia Medical Elastomers Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Medical Elastomers Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Medical Elastomers Sales Value, 2020-2031
- 6.9.2 India Medical Elastomers Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Medical Elastomers Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 DuPont
- 7.1.1 DuPont Company Information
- 7.1.2 DuPont Introduction and Business Overview
- 7.1.3 DuPont Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 DuPont Medical Elastomers Product Offerings
- 7.1.5 DuPont Recent Development
- 7.2 TekniPlex
- 7.2.1 TekniPlex Company Information
- 7.2.2 TekniPlex Introduction and Business Overview
- 7.2.3 TekniPlex Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 TekniPlex Medical Elastomers Product Offerings
- 7.2.5 TekniPlex Recent Development
- 7.3 Avient
- 7.3.1 Avient Company Information
- 7.3.2 Avient Introduction and Business Overview
- 7.3.3 Avient Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Avient Medical Elastomers Product Offerings
- 7.3.5 Avient Recent Development
- 7.4 Kraton
- 7.4.1 Kraton Company Information
- 7.4.2 Kraton Introduction and Business Overview
- 7.4.3 Kraton Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Kraton Medical Elastomers Product Offerings
- 7.4.5 Kraton Recent Development
- 7.5 Mitsubishi Chemical
- 7.5.1 Mitsubishi Chemical Company Information
- 7.5.2 Mitsubishi Chemical Introduction and Business Overview
- 7.5.3 Mitsubishi Chemical Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Mitsubishi Chemical Medical Elastomers Product Offerings
- 7.5.5 Mitsubishi Chemical Recent Development
- 7.6 Wanhua Chemical
- 7.6.1 Wanhua Chemical Company Information
- 7.6.2 Wanhua Chemical Introduction and Business Overview
- 7.6.3 Wanhua Chemical Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Wanhua Chemical Medical Elastomers Product Offerings
- 7.6.5 Wanhua Chemical Recent Development
- 7.7 Dynasol
- 7.7.1 Dynasol Company Information
- 7.7.2 Dynasol Introduction and Business Overview
- 7.7.3 Dynasol Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Dynasol Medical Elastomers Product Offerings
- 7.7.5 Dynasol Recent Development
- 7.8 BASF
- 7.8.1 BASF Company Information
- 7.8.2 BASF Introduction and Business Overview
- 7.8.3 BASF Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 BASF Medical Elastomers Product Offerings
- 7.8.5 BASF Recent Development
- 7.9 Kuraray
- 7.9.1 Kuraray Company Information
- 7.9.2 Kuraray Introduction and Business Overview
- 7.9.3 Kuraray Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Kuraray Medical Elastomers Product Offerings
- 7.9.5 Kuraray Recent Development
- 7.10 Asahi Kasei
- 7.10.1 Asahi Kasei Company Information
- 7.10.2 Asahi Kasei Introduction and Business Overview
- 7.10.3 Asahi Kasei Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Asahi Kasei Medical Elastomers Product Offerings
- 7.10.5 Asahi Kasei Recent Development
- 7.11 Kraiburg TPE
- 7.11.1 Kraiburg TPE Company Information
- 7.11.2 Kraiburg TPE Introduction and Business Overview
- 7.11.3 Kraiburg TPE Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Kraiburg TPE Medical Elastomers Product Offerings
- 7.11.5 Kraiburg TPE Recent Development
- 7.12 RTP Company
- 7.12.1 RTP Company Company Information
- 7.12.2 RTP Company Introduction and Business Overview
- 7.12.3 RTP Company Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 RTP Company Medical Elastomers Product Offerings
- 7.12.5 RTP Company Recent Development
- 7.13 Wittenburg
- 7.13.1 Wittenburg Company Information
- 7.13.2 Wittenburg Introduction and Business Overview
- 7.13.3 Wittenburg Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Wittenburg Medical Elastomers Product Offerings
- 7.13.5 Wittenburg Recent Development
- 7.14 Elastron
- 7.14.1 Elastron Company Information
- 7.14.2 Elastron Introduction and Business Overview
- 7.14.3 Elastron Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Elastron Medical Elastomers Product Offerings
- 7.14.5 Elastron Recent Development
- 7.15 Teknor Apex
- 7.15.1 Teknor Apex Company Information
- 7.15.2 Teknor Apex Introduction and Business Overview
- 7.15.3 Teknor Apex Medical Elastomers Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Teknor Apex Medical Elastomers Product Offerings
- 7.15.5 Teknor Apex Recent Development
8 Industry Chain Analysis
- 8.1 Medical Elastomers Industrial Chain
- 8.2 Medical Elastomers Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Medical Elastomers Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Medical Elastomers Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer