Overview

Medical Tubing Market is predicted to value over CAGR of over 8.6% during the forecast period 2022 to 2028.

Rising demand for minimally invasive surgeries, growing incidences of chronic disorders like cancer, cardiovascular disease, arthritis are some of the key factors contributing to the medical tubing market growth. Medical tubes assure less time consumption and cost efficiency. For example, urinary and cardiac catheterization with the usage of catheter tubing has substantially reduced the time required for performing surgeries. Thus, the rising insistence for making surgeries efficient shall positively influence the market growth. However, delay in the approvals from regulatory bodies, expensive process of manufacturing medical tubes are some factors that can restrain the market growth. Rising geriatric population, growing healthcare awareness among general population shall pave way for lucrative growth opportunities for the market.

Medical Tubing Market Segmentation:

By Material Type
•   PVC
•   Polyolefin
•   TPE & TPU
•   Silicone
By Structure
•   Single-Lumen
•   Multi-Lumen
•   Co-Extruded
•   Tapered or Bump Tubing
•   Braided Tubing
•   Balloon Tubing
•   Heat Shrink Tubing
By Application
•   Bulk Disposable Tubing
•   Catheters & Cannulas
•   Drug Delivery Systems
•   Special Applications
By Region
•   North America
•   Europe
•   Asia Pacific
•   Latin America
•   Middle East & Africa

The market is categorized into material type, structure, application and region. The material segment is classified into PVC, polyolefin, TPU& TPE and silicone. The silicone segment is anticipated to hold the largest medical tubing market share owing to its high tensile strength and tear, capability of resisting extreme temperatures, solvents, chemicals. The structure segment is bifurcated into single-lumen, multi-lumen, co-extruded, tapered or bump tubing, braided tubing, balloon tubing and heat shrink tubing. The application segment is diversified into bulk disposable tubing, catheters and cannulas, drug delivery systems and special applications. The drug delivery system segment is predicted to lead the market during the forecast period. This can be credited to increased disposable income, overall economic growth, growing governmental investments.

Regional Analysis:

The Asia Pacific region is anticipated to dominate the market owing to business expansions in countries like India and China, rising awareness among general population, increasing geriatric population, growing healthcare expenditure along with increasing disposable income.

Competitive Landscape:

Some of the prominent market players are Zeus Industrial Products, Saint Gobain Performance Plastics, Teleflex, Optinova, Lubrizol Corporation, Nordson Corporation, Putnam Plastics, RAUMEDIC AG, Tekni-Plex, W. L. Gore & Associates.

FutureWise Key Takeaways:

•   Growth prospects
•   SWOT analysis
•   Key market trends
•   Key data-points affecting market growth

Objectives of the Study:

•   To provide with an exhaustive analysis on the global medical tubing market by material type, by structure, by application and by region
•   To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•   To evaluate and forecast micro-markets and the overall market
•   To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
•   To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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