The “Medical Tubing Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Medical Tubing Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global medical tubing market size was US$ 4.1 billion in 2021. The global medical tubing market is expected to grow to US$ 8.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.
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In addition to supporting access devices and other equipment, tubing is utilized for IVs, ventilators, and as a distribution system for other devices. Catheters are used during catheterization for cardiovascular illnesses in order to diagnose congenital heart disease, find narrowing blood arteries, measure pressure and oxygen levels in various heart regions, monitor pump performance, do biopsies, and identify heart valve problems.
Factors Influencing the Market
Thin tubes with attached cameras and other small surgical equipment are inserted into patients’ bodies during various surgical procedures, such as laparoscopic, endoscopic, and thoracoscopic operations, which has increased demand for thin tubes and fueled market expansion overall. The need for medical tubing has also expanded as a result of the increased use of modern robotic surgery systems by healthcare and medical colleges. Further, improving healthcare infrastructure and rising government and private investments in the sector are expected to fuel the growth of the medical tubing market during the analysis period.
There is a greater need for respiratory aids like cannulas to help patients with breathing issues due to the rise in medical disorders and diseases among all age groups, including asthma, bronchitis, and COPD. In order to help the patient breathe, the tubes are placed through the vocal cords above the trachea with the other end attached to the ventilator. Further, the growing geriatric population and rising cases of urological disorders will upsurge the demand for medical tubing during the analysis period.
COVID-19 Impact Analysis
The demand for medical tubing upscaled due to the COVID-19 pandemic as the majority of the patients required ventilators and surgeries. The rate of critical cases rose during the pandemic. As a result, healthcare organizations were forced to expand their offerings. Therefore, the global medical tubing market recorded a significant hike in revenue.
Regional Analysis
In terms of revenue share, North America led in 2021. The market for medical tubing has been pushed by the rising geriatric population in nations like the United States and Canada. The healthcare sector in this area has improved as a result of a rise in government spending on creating and renovating healthcare infrastructure with the aid of health insurance firms.
According to predictions, the market for medical tubing will expand most quickly in the Asia Pacific. Asthma, bronchitis, and other airborne diseases have raised the demand for medical equipment and supplies in this region, driving up demand for the medical tubing market.
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Competitors in the Market
ATAG spa
Avient Corporation
Bentec Medical
Saint-Gobain S.A.
Hitachi Ltd.
Microlumen Inc.
NewAge Industries Inc.
Nordson Corporation
Optinova Holding AB
Putnam Plastics Corporation
Raumedic AG
Smith Group plc.
Spectrum Plastic Group
TE Connectivity Ltd
Tekni-Plex, Inc.
Teleflex Incorporated
The Lubrizol Corporation
Trelleborg AB
Vanguard Products Corporation
Zeus Industrial Products, Inc.
Other Prominent Players
Market Segmentation
By Product
Silicone
Polyolefins
Polyvinyl Chloride
Polycarbonates
Fluoropolymers
Others
By Application
Bulk Disposable Devices
Drug Delivery Systems
Catheters
Bio-Pharmaceutical Laboratory Equipments
Others
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
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— What are the leading competitors in the global market?
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