Medical Device Gaskets & Seals Market Manufacturers, Shares and Trends
The medical device gaskets & seals market was estimated at US$ 0.92 billion in 2023 and is projected to grow to US$ 1.57 billion by 2034, rising at a compound annual growth rate (CAGR) of 5% from 2024 to 2034. Latest innovations in medical devices, advanced healthcare infrastructure, and increasing investments drive the market.
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Medical Device Gaskets & Seals Market: Connecting Edges
Medical device gaskets and seals play a vital role in protecting medical devices against fluids, contaminants, electromagnetic interference, and dust. They should have sufficient mechanical strength, chemical resistance, and sanitary sealing capabilities and resist heat, flame, electrostatic discharge, and electrical conductivity. The materials used for medical device gaskets & seals should meet regulatory and functional requirements. The ideal seal in medical devices would be one that can maintain its integrity under varying pressure and temperature conditions.
The gaskets and seals are commonly used in medical pumps, IV components, implant materials, feeding devices, lab equipment, and temperature control devices. The increasing demand for medical devices due to growing healthcare infrastructure and rising chronic disorders boosts the market. The market is also driven by the latest innovations in medical devices and the increasing number of surgeries.
Segmental Insights
In 2023, the rubber segment led the medical device gaskets and seals market. Medical-grade rubber is commonly used to make seals and gaskets that can withstand various process media. It offers heat resistance, electrical conductivity, and protection against electrostatic discharge. Additionally, rubber is versatile, cost-effective, and easy to sterilize, making it ideal for medical devices. It is also biocompatible, durable, flexible, and resilient.
The silicone segment is expected to experience significant growth in the medical device gaskets and seals market during the forecast period. Silicone is a popular choice for making gaskets and seals due to its resistance to bacterial growth, moisture, and heat. It is non-toxic, biologically inert, and biocompatible, which makes it suitable for medical devices in direct contact with human tissues.
In terms of application, diagnostic equipment dominated the global medical device gaskets and seals market in 2023. The rising prevalence of chronic diseases, the increasing demand for early disease detection, and the growth of the medical diagnostic device industry are driving this segment. Diagnostic equipment often requires specialty foam gaskets for displays and dust filters, with materials like silicone and neoprene commonly used for these gaskets and seals.
The implants and catheters segment is expected to capture a larger share of the market in the coming years. The growing number of surgeries and the increasing prevalence of chronic diseases are contributing to this growth. Implants and catheters, widely used in cardiac and neurostimulation devices, stents, and medical valves, often require biocompatible, high-quality gaskets and seals due to their direct contact with the body.
Recent Developments in the Market
In March 2024, Precision Polymer Engineering launched Perlast G77X, a perfluoroelastomer (FFKM) sealing material designed for high-temperature performance with exceptional low compression set. This material can be molded into O-rings and custom shapes.
In December 2023, Lagercrantz’s International Division acquired DP Seals, a company specializing in high-quality, customized rubber seals, gaskets, and moldings.
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