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The Global Medical Tubing market demand owing to the increasing use of disposable tubes for testing and hospitals

08-19-2021 11:30 AM CET | Health & Medicine

Press release from: Shingetsu Research

The global medical tubing market expected to fuel market share with USD 2.8 billion, bolstering CAGR in the forecast period from 2020-2021. The factors affecting the growth of the medical tubing market are the increasing prevalence of coronavirus, urgent requirement for testing, treatment of patients, delivery drug in the body of the patients are propelling market demand for the global medical tubing market.
The medical tube is non-toxic, odorless, and has no irritating effect on the human body. It has extensive use in the pharmaceutical industry. It is not only can solve many medical problems, but also can achieve satisfactory results for patients. Its safety performance is very high, and it will not produce harmful side effects on the human body.
Medical tubing is used for various applications, such as delivering intravenous medication and in the catheter system; it is also used to collect blood and detect biological conditions and diagnosis purposes by taking samples for the human body by connecting the tube with the luminal product.
Medical tubes used to relieve urinary retention, take non-contaminated urine specimens for examination, measure residual urine, and inject contrast agents or drugs to help diagnose or treat. With the development of modern technology and the increasing average life expectancy of the world's population and the aging trend intensifying, the application scope of medical tubing in advanced medical diagnosis will continue to increase.

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Material overview in the Global Medical Tubing Market

Based on the material, the global medical tubing market segment into PVC, TPE & TPU, Polyolefin, and Silicone. The silicone segment estimated to dominates the maximum share of the global medical tubing market. Medical silicone tube made of silicone rubber raw materials, the minimum inner diameter of 0.4 mm can achieve by biocompatibility test, little response of human tissue and does not cause foreign body reaction. The tube can be placed in the body for 20 days without an abnormal response. The silicone tube's service life for the peristaltic pump can be used continuously for more than 175 hours. Therefore, it is widely used in medical and health.

Application overview in the Global Medical Tubing Market

Based on the application, the global medical tubing market classified into Drug Delivery, Bulk Disposable Tubing, Catheters & Cannulas, and Special Applications. The drug delivery segment dominates the market share for the global medical tubing market. The demand for drug delivery is increasing due to the rising cases of coronavirus having existing problems of asthma and diabetes are contributing to fueling the share of medical tubing global market.

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Region overview in the Global Medical Tubing Market

Based on geography, the global medical tubing market segmented into North America, Asia Pacific, Europe, South America, and Middle East & Africa. North America is the world's fastest-growing medical tubing market, accounting for the largest share in the global market. The rising need for medical tubes to test patients suffering from coronavirus and medical tubing mainly used in ventilators. Thus, the highest number of corona infection patients in America is dominating the market for medical tubing.

Global Medical Tubing Market: Competitive Landscape

Companies such as Zeus Industrial Products, Saint Gobain Performance Plastics, Teleflex, Optinova, Lubrizol Corporation (Vesta), and others are key players in the global medical tubing market.

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Shashank kumar
Head of Business Development
Shingetsu Research | Web: www.shingetsuresearch.com
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Shingetsu Research and Consulting Pvt. Ltd. is a research, advisory, and analytics company. We have a specialized team of consultants catering to a wide range of verticals, which include Consumer Goods & Retail, Healthcare, ICT, Chemical, BFSI, and many others. In a very short span of time, we have expanded beyond the basic services to advanced research services such as Financial Modelling, Supply & Demand Analysis, Pricing Analysis, Competitive Analysis, and various other services which not only facilitates the senior executives across industries but giants who have established names in different industry verticals. Through our indispensable business insights, we are able to help our clients to achieve the mission-critical tasks which facilitate them to build the organizations of tomorrow.

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