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Medical Tubing Market Research Report:
The latest report by IMARC, titled “ Medical Tubing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20232028
” finds that the global medical tubing market reached a value of US$ 12.7 Billion in 2022.
Medical tubing refers to a piece of equipment that allows clinicians to administer fluids and devices or transfer gas. It is used along with respiratory and anesthesiology equipment, IV, catheter, peristaltic pump, and biopharmaceutical laboratory equipment. This hollow cylindrical pipe is manufactured from silicone, polyethylene, nylon, thermoplastic elastomers (TPE), and polyvinyl chloride (PVC).
Medical tubing offers enhanced durability, flexibility, hardness, and resistance to temperature, pressure, and abrasion. Consequently, it finds application across medical laboratories, ambulatory centers, hospitals, and healthcare clinics.
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The market is primarily driven by the rising prevalence of chronic diseases, cancer, and respiratory diseases such as asthma, lung cancer, and pulmonary fibrosis. Besides this, the onset of coronavirus disease (COVID-19) has escalated the demand for respiratory devices, such as ventilators, which are incorporated with components like medical tubing that facilitate breathing. Recently, the rising awareness regarding hospital-acquired diseases and the spread of infectious diseases is also increasing the demand for disposable medical devices like medical tubing, thus fueling the market growth. In addition to this, medical tubing is cost-efficient and reduces the time taken for the medical and surgical procedure, thereby propelling the product demand across the globe.
Furthermore, the significant rise in the geriatric population that prefers minimally invasive (MI) procedures due to faster recovery time and smaller incisions is also facilitating the market growth. Furthermore, extensive investments in research and development (R&D) activities have led to the launch of paratubing devices, where fluids and gases are supplied and removed at the same time. On account of these factors, the market is expected to reach a value of US$ 19.4 Billion by 2028, exhibiting a CAGR of 7% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
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 with Key Players:
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
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/medical-tubing-market
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