Press release
Market Outlook : Medical Tubing Market Globally Grow at a CAGR of 16.5% by Revenue and expected to reach $13.38 During the Period 2017-2026 with Player’s Like - Raumedic AG, Vention Medical Inc., Freudenberg Medical, LLC, Polyone Corp.,Tecknor Apex Co.,
Global Medical Tubing Market is accounted for $3.38 billion in 2017 and is expected to reach $13.38 billion by 2026 growing at a CAGR of 16.5% during the forecast period. The rapidly growing healthcare industry, growing aged population and increasing concern about health problems, especially in developing nations are the key driving factors for the market. Furthermore, government initiatives to provide high-quality healthcare facilities, rising demand for medical devices that has medical tubing as a part of the equipment and growth of minimally invasive surgeries are some of the factors boosting the market growth.
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Market Scenario
Medical tubing is used for fluid management and drainage as well as with anaesthesiology and respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. Medical tubing meets medical industry requirements and standards for a variety of medical applications. It is produced by using some specific materials with the desired specification.
Silicone material segment is expected to lead the medical tubing market during the forecast period due to its resistance to temperatures (low & high).
Silicone based medical tubing products can be manufactured in different forms, including solid, liquid, oil, rubber, grease, and semi-viscous paste forms because of its molecular structure. Silicone is highly flexible and high resistant to heat, cold, chemicals, UV radiation and moisture making it ideal for use in the medical & healthcare industries.
North America dominated the global medical tubing market with largest revenue share and is also expected to continue its dominance throughout the forecast period owing to its advanced and sophisticated healthcare infrastructure along with high per capita healthcare spending in the US. Asia pacific has huge growth potential in medical tubing market due to improved living standards, growing aging population, increasing demand for minimally invasive surgeries and increased government initiatives.
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Top Industry Player’s
Some of the key players profiled in the report include Raumedic AG, Vention Medical Inc., Freudenberg Medical, LLC, Polyone Corp.,Tecknor Apex Co., W.L. Gore & Associates, Inc., DOW Coning Corporation, Bluestar Silicones International (Elkem Group), Saint-Gobain Performance Plastics, Lubrizol Corporation, Freudenberg Group, Nusil Technology, Grayline, FBK Medical Tubing, Inc., Teel Plastics Inc., LVD Biotech, Medtronics, MDC Industries.
Industry Segments
Structure types Covered:
• Braided Tubing
• Heat Shrink Tubing
• Multi-Lumen
• Co-Extruded
• Single-Lumen
• Balloon Tubing
• Multi-Lumen
Application types Covered:
• Catheters
• Cannulas
• Drug Delivery Systems
• Bulk Disposable Tubing
• Special Applications
Material types Covered:
• Polyolefins
• Thermoplastic Polyurethane (TPU)
• Silicone
• Thermoplastic Elastomer (TPE)
• Others Material Types
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Regions Covered:
North America, Europe, Asia Pacific, South America, Middle East & Africa
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