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FEP Heat Shrink Medical Tubing - Global Strategic Business Report

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    Report

  • 357 Pages
  • December 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302646

Quick Summary:

Riding the wave of market growth in the increasingly important field of medical technology, obtaining this comprehensive report on the global FEP Heat Shrink Medical Tubing market becomes an essential asset for decision-makers and strategists. The data contained herein illuminates your path towards lucrative opportunities in a market forecasted to reach $210.3 million by 2030. It not only delivers a thorough understanding of the present market climate, but also provides deep insight into its future evolution that guides informed and successful business decisions.

Key information featuring select competitors gives you a robust overview of the competitive landscape, shedding light upon their strategies and actions. Furthermore, this cutting-edge report offers an essential reference point for those seeking to understand the significant influences driving growth in major economies like the U.S. and China, while also covering developing markets. With comprehensive coverage, you can stay one step ahead, making the report a valuable tool for gaining the competitive edge in the FEP Heat Shrink Medical Tubing market.

Global FEP Heat Shrink Medical Tubing Market to Reach $210.3 Million by 2030

The global market for FEP Heat Shrink Medical Tubing estimated at US$123.1 Million in the year 2022, is projected to reach a revised size of US$210.3 Million by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030. 1.6:1, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$134.8 Million by the end of the analysis period. Growth in the 1.3:1 segment is estimated at 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $46.5 Million, While China is Forecast to Grow at 8.7% CAGR

The FEP Heat Shrink Medical Tubing market in the U.S. is estimated at US$46.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$27.9 Million by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.

Select Competitors (Total 60 Featured)

  • Adtech Polymer Engineering Ltd
  • APT Advanced Polymer Tubing GmbH by Masterflex Group
  • ElringKlinger Kunststofftechnik GmbH
  • Fluorotherm Polymers, Inc
  • Gremtek SAS
  • Junkosha Inc.
  • Medical Extrusion Technologies Inc.
  • Nordson Corporation
  • Optinova
  • Parker-Hannifin Corporation
  • Polyflon Technology Ltd
  • Polyfluor Plastics bv
  • Shanghai Eco Polymer Sci.&Tech. Co., Ltd
  • TE Connectivity Ltd.
  • Tef-Cap Industries Inc.
  • Teleflex Incorporated
  • Zeus Industrial Products, Inc.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the FEP Heat Shrink Medical Tubing Market

What is the estimated value of the FEP Heat Shrink Medical Tubing Market?

The FEP Heat Shrink Medical Tubing Market was estimated to be valued at $123.1 Million in 2022.

What is the growth rate of the FEP Heat Shrink Medical Tubing Market?

The growth rate of the FEP Heat Shrink Medical Tubing Market is 6.9%, with an estimated value of $210.3 Million by 2030.

What is the forecasted size of the FEP Heat Shrink Medical Tubing Market?

The FEP Heat Shrink Medical Tubing Market is estimated to be worth $210.3 Million by 2030.

Who are the key companies in the FEP Heat Shrink Medical Tubing Market?

Key companies in the FEP Heat Shrink Medical Tubing Market include Adtech Polymer Engineering Ltd, APT Advanced Polymer Tubing GmbH by Masterflex Group, ElringKlinger Kunststofftechnik GmbH, Fluorotherm Polymers, Inc, Gremtek SAS, Junkosha Inc., Medical Extrusion Technologies Inc., Nordson Corporation, Optinova and Parker.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • A Prelude to FEB Heat Shrink Medical Tubing
  • Impact of Covid-19 and Global Economic Update
  • From Pandemic to War & Inflation: “Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions”
  • Here’s How Inflationary Pressures Affect the Economy
  • Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
  • Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
  • Here’s What’s Causing Inflationary Pressures in the Global Market
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • COVID-19 Impact on FEP Heat Shrink Medical Tubing Market
  • Pandemic Disrupts Operations of Medical Equipment and Supplies Industry
  • Elective Surgeries Negatively Impacted Amid COVID-19
  • COVID-19 Induced YOY Decline in Heart Surgery Volumes in the US in 2020
  • Competition
  • FEP Heat Shrink Medical Tubing - Global Key Competitors Percentage Market Share in 2023 (E)
  • FEP Heat Shrink Medical Tubing Competitor Market Share Scenario Worldwide (in %): 2022E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Global Market Prospects and Outlook
  • Global FEP Heat Shrink Medical Tubing Market Set for Rapid Growth
  • North America Constitutes the Largest Market, Asia-Pacific to Witness Fastest Growth
  • What’s Next for Medical Tubing and Catheter’s Market
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Demand for Medical Plastics Propels Market Expansion
  • Plastics-Based Medical Tubes Register Strong Demand
  • Global Medical Tubing Market Revenues in US$ Billion for the Years 2018, 2020 and 2022
  • Growing Demand for Microcatheters Spurs the Market for FEP Heat Shrink Tubing
  • Increasing Aging Population Bodes Well for Growth of FEP Heat Shrink Medical Tubing Market
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Life Expectancy at Birth in Years of People in Select Countries for 2020E
  • Surgical Procedure Volumes and Shift towards Minimal Invasive Surgeries: Significant Impact on FEP Heat Shrink Tubing Market
  • Global Volume of Surgical Procedures (in Million) by Category: 2019
  • Growth in the Number of Surgeries in the US (2010-2020) and 2001-2010 (in %)
  • Number of Surgical Procedures (per 100,000 People) in Select Countries
  • Rising Incidence of Chronic Diseases Drive Demand for FEP Heat Shrink Medical Tubing Market
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Rise in Healthcare Expenditure to Drive Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Peelable HS Tubing Witnesses Rapid Growth
  • Increasing Demand for Minimally Invasive Procedures Fuels Interest in Peelable Heat Shrink Tubing (PHST) Solutions
  • Rising Demand for Heat Shrink Tubing to Drive Market Growth
  • Polyolefin Heat Shrink Tubing Ranks Supreme
  • Increasing Demand for FEP HS Sleeving in Medical Device Industry
  • Miniaturization to Make Way for Future Advancements
  • The Advancement of PHST to Next Generation
  • Technological Advancements in the Heat Shrink Tubing Market
  • Optinova Unveils FEP QuickShrink 2.0
  • Ultra-miniature PHSTs Facilitate in More Precise Microsurgical Processes
  • Automaton Processes to Help Tubing Manufacturers Automate their Processes for Increased Efficiencies (2022)
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World FEP Heat Shrink Medical Tubing Market Analysis of Annual Sales in US$ Thousand for Years 2017 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for FEP Heat Shrink Medical Tubing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for FEP Heat Shrink Medical Tubing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 4: World 13-Year Perspective for FEP Heat Shrink Medical Tubing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2017, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for 1.6:1 by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for 1.6:1 by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 7: World 13-Year Perspective for 1.6:1 by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for 1.3:1 by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for 1.3:1 by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 10: World 13-Year Perspective for 1.3:1 by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Drug Delivery (Catheter) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Drug Delivery (Catheter) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 13: World 13-Year Perspective for Drug Delivery (Catheter) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Surgical & Vascular Instruments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Surgical & Vascular Instruments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 16: World 13-Year Perspective for Surgical & Vascular Instruments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Flexible Joints (Shafting) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Flexible Joints (Shafting) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 19: World 13-Year Perspective for Flexible Joints (Shafting) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Electrical Insulation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Electrical Insulation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 22: World 13-Year Perspective for Electrical Insulation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2021 and % CAGR
  • TABLE 25: World 13-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Market Facts & Figures
  • US FEP Heat Shrink Medical Tubing Market Share (in %) by Company: 2022 & 2030
  • 1.6:1 (Shrink Ratio) Market Share Analysis (in %) of Leading Players in the US for 2022 & 2030
  • 1.3:1 (Shrink Ratio) Competitor Revenue Share (in %) in the US: 2022 & 2030
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Analytics
  • CANADA
  • JAPAN
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Market Facts & Figures
  • European FEP Heat Shrink Medical Tubing Market: Competitor Market Share Scenario (in %) for 2022 & 2030
  • 1.6:1 (Shrink Ratio) Market Share (in %) by Company in Europe: 2022 & 2030
  • 1.3:1 (Shrink Ratio) Market Share (in %) of Major Players in Europe: 2022 & 2030
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Market Analytics
  • FRANCE
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • FEP Heat Shrink Medical Tubing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Adtech Polymer Engineering Ltd
  • APT Advanced Polymer Tubing GmbH by Masterflex Group
  • ElringKlinger Kunststofftechnik GmbH
  • Fluorotherm Polymers, Inc
  • Gremtek SAS
  • Junkosha Inc.
  • Medical Extrusion Technologies Inc.
  • Nordson Corporation
  • Optinova
  • Parker-Hannifin Corporation
  • Polyflon Technology Ltd
  • Polyfluor Plastics bv
  • Shanghai Eco Polymer Sci.&Tech. Co., Ltd
  • TE Connectivity Ltd.
  • Tef-Cap Industries Inc.
  • Teleflex Incorporated
  • Zeus Industrial Products, Inc.