Medical Tubing Market Size is estimated to grow at a CAGR of 8.5% during the forecast period

 

The global medical tubing market is anticipated to expand at a compounded annual growth rate (CAGR) of 8.5% during the forecast period of 2022-2030.

Medical tubing is an essential part of the pharmaceutical and medical sectors. It's utilized for a variety of things, including bulk disposable tubing, IVs, catheters, peristaltic pumps, biopharmaceutical laboratory equipment, drainage, gas flow, anesthesia, and respiratory equipment.

 

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Because the use of medical tubing is intimately related to the human body, manufacturers of medical tubing use particular materials that meet the necessary requirements.

Growth Drivers:

Additionally, the global healthcare sector is seeing a huge increase in overall spending. As a result, the industry's facility needs and product lines are expanding quickly. According to the American Society for Aesthetic Plastic Surgery (ASAPS), surgical procedures accounted for 56.0% of overall spending in 2016, while nonsurgical procedures accounted for about 44.0% of the total. In 2017, the amount spent on surgical treatments increased from 56.0% to 77.0%. In the upcoming years, spanning the forecast period of 2022–2030, the expansion of the worldwide medical tubing market is anticipated to be greatly aided by this increase in healthcare spending.

Additionally, the market for medical tubing is seeing a huge increase in the number of R&D activities. The majority of these efforts are focused on developing and promoting brand-new, cutting-edge medical tubing that has cutting-edge characteristics and is safe. During the projected period, there are predicted to be plenty of growth prospects due to the market participants' increased attention on the development of innovative medical tubing with new features.

During the forecast period, it is anticipated that additional factors, including the rapidly growing pharmaceutical and medical industries, the aging global population, the rising use of catheters made of medical tubing, and the expanding use of medical tubes made of plastics, will further support the growth of the global medical tubing market.

Medical Tubing Market Segmentation:

By Material:

·         Plastics

o   Polyvinyl chloride (PVC)

o   Polyolefin

§  Polyethylene (PE)

§  Polypropylene (PP)

o   Polyamide

o   Polyterafluoroethylene (PTFE)

o   Poly ether ether ketone (PEEK)

o   Perfluoroalkoxy (PFA)

o   Polycarbonate (PC)

·         Rubbers

o   Thermoplastic elastomer (TPE)

o   Thermoplastic polyurethane (TPU)

o   Silicone

o   Polyurethane (PU)

o   Ethylene propylene diene monomer (EPDM)

o   Latex

·         Specialty Polymers

o   Bioabsorbable polymer

o   Ethylene vinyl acetate (EVA)

 

By Structure:

·         Single-Lumen

·         Co-Extruded

·         Multi-Lumen

·         Tapered Or Bump Tubing

·         Braided Tubing

 

By Application:

·         Bulk Disposable Tubing

·         Catheters & Cannulas

·         Drug Delivery System

·         Special Applications

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Medical Tubing Market:

·         Dow Corning Corporation

·         Nordson Corporation

·         Teknor Apex

·         Optinova

·         Asahi Tec Corp.

·         MDC Industries

·         Nordson Corp.

·         ZARYS International Group

·         Hitachi Cable America Inc.

·         NewAge Industries Inc.

·         Vanguard Products Corp.

·         Saint-Gobain

·         Freudenberg Medical LLC.

·         W.L. Gore and Associates Inc.

·         Avient Corporation

·         Raumedic AG

·         Lubrizol Corporation

·         Elkem ASA

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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