Medical Tubing Market: Top Global Players Competition with Production, Consumption, Revenue and Gross Margin by 2026 Compagnie de Saint-Gobain S.A., Teleflex Incorporated, Optinova Holding AB, Zeus Industrial Products, Inc.

Medical tubing completes a medical industry requirements and standards for various medical or pharmaceutical related applications. Medical tubing is used for fluid management, drainage, anesthesiology and respiratory equipment, intravenous applications (IVs), catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. Medial tubing is equipped with standards and certifications, which represents material and specification requirements for tubes. These standards include Good Manufacturing Practice (GMP) and Current Good Manufacturing Practice (cGMP). Furthermore, Food and Drug Administration (FDA) grants standards depending on specific application required for certain types of medical tubing.

Increasing usage of medical tubing in IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment are expected to boost the medical tubing market. For instance, according to Surgical Endoscopy Journal in 2013, surgeons use minimally invasive surgical techniques, primarily laparoscopy and robotic surgery, to perform procedures that were previously done as open surgery. Furthermore, according to the StatPearls Publishing LLC: a peer-reviewed medical article, October 2017; 92% of all cholecystectomies performed in the U.S. are done laparoscopically. Therefore, increasing preference for minimally invasive surgeries is expected to fuel growth of the global medical tubing market during the forecast period.

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Market Dynamics:

Growing adoption of medical tubing by surgeons for minimally invasive surgeries coupled with rising number of hospital admissions in the intensive care units is also expected to boost the growth of the market. Rising number of patients taking drug delivery through medical tubes, who are unable to take drugs orally, is another factor aiding the growth of medical tubing market.

According to Centers for Disease Control & Prevention (CDC), in 2015, it was estimated that acute injury and chronic obstructive pulmonary diseases (COPD) are major disorders responsible for ICU admissions. According to Biomed Central Respiratory Research, 2016, asthma and chronic obstructive pulmonary disease (COPD) are common chronic obstructive lung disorders characterized by variable airflow limitation and airway hyper responsiveness, affecting over 25 million people in the U.S.

Increasing Prevalence of Chronic Diseases and Life Threatening Diseases is Expected to Augment Market Growth

Increasing prevalence of chronic diseases and life threatening diseases is expected to drastically increase demand for medical tubing devices, which are essentially required during surgery procedures. For instance, according to a study published by National Center for Biotechnology Information in 2015, it was estimated that around 5.7 million people suffered from heart failure in the U.S. Moreover, according to Centers for Disease Control and Prevention (CDC), 2017, around 610,000 people die of heart disease in the U.S. every year.

According to a report published by the Australian Government, Department of Health in 2017, it was estimated that 1 in every 2 Australians (50%) suffers from at least one type of chronic condition, such as arthritis, asthma, back pain, cancer, cardiovascular disease, chronic obstructive pulmonary disease, diabetes or mental health conditions. Thus, high prevalence of chronic diseases and life threatening diseases is expected to be one of the major factors driving growth of the global medical tubing market.

Global Key Players:

Some of the key players operating in the medical tubing market are
• Compagnie de Saint-Gobain S.A.
• Teleflex Incorporated
• Optinova Holding AB
• Zeus Industrial Products, Inc
• The Lubrizol Corporation
• Nordson Corporation
• Putnam Plastics Corporation
• Raumedic AG
• Tekni-Plex, Inc.
• Smith Group plc.

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Detailed Segmentation:

• Global Medical Tubing Market, By Material:
• Polyvinyl Chloride (PVC)
• Thermoplastic Elastomer (TPE)
• Thermoplastic Polyurethane (TPU)
• Silicone
• Polyolefins
• Polyethylene (PE)
• Polypropylene (PP)
• Others

Global Medical Tubing Market, By Application:

• Peristaltic Pump Tubing
• Catheters
• Diagnostic Catheters
• Central Venous Catheters
• Angioplasty Catheters
• Other Catheters
• Feeding Tubes
• Urological Retrieval Devices
• Cannulas
• Other Applications

Global Medical Tubing Market, By Geography:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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This release was published on openPR.