The global medical tubing market reached a value of US$ 11.72 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 18.18 Billion by 2027 exhibiting a CAGR of 7.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Medical tubing refers to a hollow cylindrical pipe used to administer fluids and devices for the transfer of gas and liquid. It is manufactured using polyethylene, thermoplastic elastomers (TPE), nylon, polyvinyl chloride (PVC), and silicone. It is widely used for fluid management, catheters, drainage, peristaltic pumps, intravenous (IVs), bio-pharmaceutical laboratory equipment, anesthesiology, and respiratory equipment. Medical tubing exhibits various properties, such as hardness, flexibility, durability, temperature, pressure, and abrasion resistance. It is manufactured using recyclable plastic and does not induce allergic or adverse reactions, which is why it is directly applicable to the human body. Medical tubing has the ability to withstand extreme mechanical requirements due to its high level of purity. As a result, it is widely used across clinics, hospitals, ambulatory surgical centers, and medical labs.
The rising geriatric population and the increasing prevalence of cancer, arthritis, cardiovascular and respiratory conditions are some of the key factors driving the growth of the market. In line with this, the widespread usage of medical tubing in cardiac and urinary catheterization due to its time and cost efficiency is favoring the market growth. Moreover, various product innovations, such as the launch of paratubing devices, where fluids and gasses are supplied and removed simultaneously, are providing an impetus to market growth. These tubes are widely used in neurovascular applications, laparoscopic surgery, biopsy devices, and ophthalmology. Additionally, the increasing demand for minimally invasive procedures due to their faster recovery time, cost-effectiveness, and smaller incisions is positively impacting the market growth. Apart from this, significant growth in the healthcare industry and the implementation of various government initiatives to enhance the healthcare sector are creating a positive outlook for the market.
The publisher provides an analysis of the key trends in each sub-segment of the global medical tubing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, structure, application and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Medical tubing refers to a hollow cylindrical pipe used to administer fluids and devices for the transfer of gas and liquid. It is manufactured using polyethylene, thermoplastic elastomers (TPE), nylon, polyvinyl chloride (PVC), and silicone. It is widely used for fluid management, catheters, drainage, peristaltic pumps, intravenous (IVs), bio-pharmaceutical laboratory equipment, anesthesiology, and respiratory equipment. Medical tubing exhibits various properties, such as hardness, flexibility, durability, temperature, pressure, and abrasion resistance. It is manufactured using recyclable plastic and does not induce allergic or adverse reactions, which is why it is directly applicable to the human body. Medical tubing has the ability to withstand extreme mechanical requirements due to its high level of purity. As a result, it is widely used across clinics, hospitals, ambulatory surgical centers, and medical labs.
Medical Tubing Market Trends:
The rising geriatric population and the increasing prevalence of cancer, arthritis, cardiovascular and respiratory conditions are some of the key factors driving the growth of the market. In line with this, the widespread usage of medical tubing in cardiac and urinary catheterization due to its time and cost efficiency is favoring the market growth. Moreover, various product innovations, such as the launch of paratubing devices, where fluids and gasses are supplied and removed simultaneously, are providing an impetus to market growth. These tubes are widely used in neurovascular applications, laparoscopic surgery, biopsy devices, and ophthalmology. Additionally, the increasing demand for minimally invasive procedures due to their faster recovery time, cost-effectiveness, and smaller incisions is positively impacting the market growth. Apart from this, significant growth in the healthcare industry and the implementation of various government initiatives to enhance the healthcare sector are creating a positive outlook for the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global medical tubing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report:
- How has the global medical tubing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global medical tubing market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the structure?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medical tubing market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Medical Tubing Market
What is the estimated value of the Global Medical Tubing Market?
What is the growth rate of the Global Medical Tubing Market?
What is the forecasted size of the Global Medical Tubing Market?
Who are the key companies in the Global Medical Tubing Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 11.72 Billion |
| Forecasted Market Value ( USD | $ 18.18 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Medical Tubing Market
6 Market Breakup by Product
7 Market Breakup by Structure
8 Market Breakup by Application
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ATAG spa
- Avient Corporation
- Bentec Medical
- Hitachi Ltd.
- Microlumen Inc.
- NewAge Industries Inc.
- Nordson Corporation
- Optinova
- Spectrum Plastics Group
- TE Connectivity Ltd.
- Trelleborg AB
- Vanguard Products Corporation.
Methodology
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