The latest research study “Medical Tubing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global medical tubing market reached a value of US$ 11.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.18 Billion by 2027 exhibiting a CAGR of 7.30% during 2022-2027.
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Medical tubing is a hollow cylindrical pipe utilized to administer fluids and transfer liquid and gas. Some commonly available medical tubing devices are multi-lumen, single-lumen, co-extrusion, intermittent extrusion, silicone tubing, balloon tubing, bump tubing, and coiled tubing. They are manufactured using polyvinyl chloride (PVC), polyethylene, thermoplastic elastomers (TPE), nylon, and silicone. They are used with respiratory and anesthesiology equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. They also offer various benefits, such as flexibility, enhanced durability, hardness, and resistance to temperature, pressure, and abrasion. As a result, medical tubing devices are extensively adopted across medical laboratories, clinics, ambulatory surgical centers, hospitals, and healthcare institutions across the globe.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Medical Tubing Market Trends and Drivers:
The market is primarily driven by the rising geriatric population and the increasing prevalence of lung cancer, asthma, pulmonary fibrosis, and arthritis. In addition, the sudden outbreak of the coronavirus disease (COVID-19) pandemic has escalated the demand for respiratory devices, like ventilators, which are integrated with components such as medical tubing to stimulate breathing.
Moreover, the extensive usage of medical tubing in cardiac and urinary catheterization due to its time and cost efficiency is augmenting the market growth. Apart from this, manufacturers are introducing various advanced products, such as paratubing devices, in which gasses and fluids are supplied and removed simultaneously.
This, coupled with the escalating demand for minimally invasive (MI) procedures owing to their cost-effectiveness, smaller incisions, and faster recovery time, is proving a positive thrust to the market growth. Furthermore, extensive investments in research and development (R&D) activities and the rising awareness regarding hospital-acquired infection (HAI) are creating a positive market outlook across the globe.
Global Medical Tubing Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Medical Tubing Companies:
ATAG spa, Avient Corporation, Bentec Medical, Hitachi Ltd., Microlumen Inc., NewAge Industries Inc., Nordson Corporation, Optinova, Spectrum Plastics Group, TE Connectivity Ltd., Trelleborg AB and Vanguard Products Corporation.
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The report has segmented the market on the basis of region, product, structure, application and end user.
Breakup by Product:
- Silicone
- Polyolefins
- Polyvinyl Chloride
- Polycarbonates
- Fluoropolymers
- Others
Breakup by Structure:
- Single-Lumen
- Co-Extruded
- Multi-Lumen
- Tapered or Bump Tubing
- Braided Tubing
Breakup by Application:
- Bulk Disposable Tubing
- Drug Delivery Systems
- Catheters
- Biopharmaceutical Laboratory Equipment
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Medical Labs
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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