South and Central America Biopharmaceutical Tubing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Plastic, Metal, and Silicone) and Application (Pharmaceutical, Medical Devices, Research and Development, and Others)

The silicone segment by type is estimated to lead the market growth during the forecast period.

According to a new market research study of “South and Central America Biopharmaceutical Tubing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type, Application and Country.” The South and Central America biopharmaceutical tubing market is expected to reach US$ 318.10 million in 2028 from US$ 187.63 million in 2021; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028. The report highlights trends prevailing in the South and Central America biopharmaceutical tubing market and the factors driving market along with those that act as hindrances.

Increase in life expectancy is leading to rise in geriatric population in the world. This rise in elderly population has led to an increase in the geriatric ailments, thus generating a greater demand for diagnostic equipment and drug delivery systems. It is also increasing the incidence of urological conditions that require catheterization. Medical professionals are also encouraging self-catheterization to reduce the cost and period of hospitalization as well as to avert the risk of healthcare-associated infections (HAI). Aging is also a main factor that contributes to the increase in chronic diseases that might lead to the need for interventions that require admission to ICUs. Thus, rapid growth in the geriatric population is directly proportional to the rising demand for medical devices that incorporate tubing, drug delivery, dialysis and cardiac bypass, peristaltic pump, and sterile filling and dispensing systems, thereby driving the adoption of biopharmaceutical tubing systems. Also, popularity of minimally invasive surgical procedures has increased in the recent years owing to the benefits such as tiny incisions, faster recovery of patients, and less discomfort caused to the patients. The growing prevalence of arthritis, cancer, and cardiovascular diseases, all of which require extensive surgical treatments, has boosted the demand for minimally invasive procedures. As a result, there is an enormous demand for catheters and biopharmaceutical tubing, among other components. Further, biopharmaceutical tubing systems are reasonably priced and aid in time-saving procedures. For example, employing catheter tubing for cardiac and urine catheterization significantly lowers the time required for the medical or surgical operation. Therefore, the growing demand for minimally invasive medical procedures and focus on increasing the efficiency of these procedures play an important role in propelling the demand for biopharmaceutical tubing.

The South and Central America region is highly affected due to the outbreak of the COVID-19 pandemic. The government bodies in Latin America are taking initiatives to combat the pandemic. They have responded to the situation by closing borders, ordering quarantines, and imposing a host of restrictions to keep people confined at home. Additionally, due to COVID-19 pandemic, demand for a variety of medical devices is increased tremendously, which is boosting the growth of the biopharmaceutical tubing market in South and Central America. Therefore, these factors have a positive impact on the South and Central America biopharmaceutical tubing market.

The South and Central America biopharmaceutical tubing market, by type, is segmented into plastic, metal, and silicone. Based on application, the South and Central America biopharmaceutical tubing market is segmented into pharmaceutical, medical devices, research and development, and others. Geographically, South and Central America biopharmaceutical tubing market can be segmented into Brazil, Argentina and Rest of South and Central America.

Saint-Gobain Sekurit, Freudenberg Group, RAUMEDIC AG, TEKNI-PLEX, NewAge Industries, Inc, Optinova, NORDSON CORPORATION and DuPont de Nemours, Inc. are among the leading companies operating in the South and Central America biopharmaceutical tubing market.

South and Central America Biopharmaceutical Tubing Market, By Country (% Share)

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