• The global Medical Grade Magnesium Carbonate market size was valued at US$ 234.5 million in 2024 and is projected to reach US$ 312.8 million by 2030, at a CAGR of 4.90% during the forecast period 2024-2030.
• The United States Medical Grade Magnesium Carbonate market size was valued at US$ 67.8 million in 2024 and is projected to reach US$ 87.9 million by 2030, at a CAGR of 4.4% during the forecast period 2024-2030.
Email: help@24marketreports.com +1(917)-997-2424
• Medical Grade Magnesium Carbonate is a high-purity compound used in pharmaceutical applications as an excipient and in medical devices, meeting strict quality and regulatory requirements.
• The global Medical Grade Magnesium Carbonate market is growing steadily, driven by pharmaceutical applications and medical devices. In 2023, total production reached 45,000 metric tons, with pharmaceutical excipients accounting for 70% of demand. The medical devices segment is growing at 5.5% annually. The market saw a 12% increase in demand for ultra-pure grades in 2023. USP grade dominates with an 80% market share, while specialty grades are growing at 6% annually. North America leads with a 45% market share, while Asia Pacific is the fastest-growing region at 5.8% CAGR. The industry is focusing on developing superior particle characteristics, with a 18% growth in R&D investments.
Email: help@24marketreports.com
+1(917)-997-2424
