Medical Tubing Market Report: Size, Share, Revenue, Opportunities,...

Medical Tubing Market Report: Size, Share, Revenue, Opportunities, Future Scope and Forecast 2023 to 2029

Posted 2024-06-20 09:52:29

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Medical Tubing Market was valued at USD 5.94 Billion in 2022, and it is expected to reach USD 11.74 Billion by 2029, exhibiting a CAGR of 10.2% during the forecast period (2023-2029)

Medical Tubing Market Overview:

The Medical Tubing Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Medical Tubing Market, as well as the causes for variances in the industry’s growth in various places

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Medical Tubing Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Medical Tubing Market Drivers:

Increase in geriatric population: The ageing population has greatly increased the need for medical equipment that utilise tubing, hence boosting the medical tubing market. According to the United Nations (UN) Globe Populations Ageing report 2022, the world has an estimated 727 million individuals aged 65 and more. This figure is estimated to more than double by 2050. The majority of the increase in the ageing population is seen in developing countries, whereas it is mild in developed countries. China, India, the United States, Indonesia, Brazil, and Nigeria are estimated to have the most people by 2050. These countries' life expectancy is increasing as their healthcare systems improve. The need for portable, lightweight medical equipment and tubes will rise as a result of this demographic shift. In these regions, the usage of devices such as home care equipment, patient monitoring equipment, and enteral tube feeding equipment will expand at a rapid pace. The need for tubes and equipment connected to cardiovascular and respiratory disorders is expected to rise as well.

Significant investments and time required for product development: Medical tube manufacture necessitates large investments and a lengthy procedure. Delays in regulatory clearances lengthen the total development process, resulting in less investment in medical product development technologies. To minimise technical and biocompatibility concerns, which incur additional costs and time, the market is experiencing continual product innovation. Selecting the best polymer for a certain medical application, for example, and examining the application regions for each polymer in medical tubing are critical, which necessitates extensive R&D and technical competence.

Medical Tubing Market Segmentation:

by Material Plastics

Polyvinyl chloride (PVC)
Polyolefin
Polyethylene (PE)
Polypropylene (PP)
Polyamide
Polyterafluoroethylene (PTFE)
Poly ether ether ketone (PEEK)
Perfluoroalkoxy (PFA)
Polycarbonate (PC)
Rubbers
Thermoplastic elastomer (TPE)
Thermoplastic polyurethane (TPU)
Silicone
Polyurethane (PU)
Ethylene propylene diene monomer (EPDM)
Latex
Specialty Polymers
Bioabsorbable polymer
Ethylene vinyl acetate (EVA)

by Structure

Single-lumen
Co-extruded
Multi-lumen
Tapered or Bump tubing
Braided tubing

by Application

Bulk disposable tubing
Catheters & cannulas
Drug delivery system
Special applications

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Medical Tubing Market Key Players: The key players are

1. Zeus Industrial Products
2. Saint-Gobain Performance Plastics
3. Teleflex
4. Optinova
5. Lubrizol (Vesta)
6. Nordson Corporation
7. Putnam Plastics
8. Raumedic
9. Tekni-Plex
10. W.L.Gore& Associates (Fermatex Vascular Technology)
11. Ap Technologies
12. A.P. Extrusion
13. B. Braun
14. Cook Medical
15. FBK Medical Tubing, Inc.
16. Freudenberg Group
17. Grayline
18. LVD Biotech
19. MDC Industries
20. Medtronics
21. Microlumen
22. Nusil Technology
23. Polyzen
24. TE Connectivity
25. Teel Plastics Inc.

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Medical Tubing Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Medical Tubing Market Report are:

Which sub-segment had the largest share in the Medical Tubing Market?

How is the competitive landscape of the Medical Tubing Market in 2023?

Which are the key drivers impacting the Medical Tubing Market growth?

Which region holds the maximum share in the Medical Tubing Market?

What will be the CAGR of the Medical Tubing Market during the forecast period (2023–2029)?

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