openPR Logo
Press release

Medical Tubing Market worth $7.9 billion by 2026 | Key players Saint-Gobain, Avient Corp, Raumedic AG, Lubrizol Corp, Elkem ASA

04-25-2022 03:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Medical Tubing Market, Medical Tubing, dialysis tubes market, intravenous tubes market, cannulas market, catheter market

Medical Tubing Market, Medical Tubing, dialysis tubes market, intravenous tubes market, cannulas market, catheter market

According to recent market research "Medical Tubing Market by Material (Plastics, Rubbers, Specialty Polymers), Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, and Special Applications), Structure, and Region - Global Forecast to 2026", The global medical tubing market size is projected to grow from USD 4.9 billion in 2021 to USD 7.9 billion by 2026, at a CAGR of 10.0% between 2021 and 2026. Medical tubing is a polymer-based tube produced by the extrusion process. Medical tubes can be inserted into a human body to remove fluids and deliver drugs. They are also used in many medical devices such as catheters & cannulas and peristaltic pumps for removing fluids or inserting drugs. Growing awareness and government initiatives to provide high-quality healthcare facilities ultimately drives the medical tubing market globally.

Browse 213 market data Tables and 44 Figures spread through 224 Pages and in-depth TOC on "Medical Tubing Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/medical-tubing-market-162082103.html

Disposable medical tubing, also known as common disposable tubing, is designed for single use and can be easily disposed of once used. The major growth factors driving the bulk disposable tubing segment include the need for modernizing healthcare infrastructure, prevention of infection, and need for increased efficiency. The growth of this segment in developing countries is exponential due to the rising economic growth, increased disposable income and purchasing power, and increasing investments by governments to provide superior-quality healthcare facilities. Bulk disposable tubing comprises tubes used in blood bags for blood transfusion, IV infusion tubing, drug delivery disposables, respiratory disposables, products for dialysis, laboratory disposables, and wound management disposables.

The plastics segment accounted for the largest share (56.5%) in the global medical tubing market, in terms of volume, in 2020. Plastic is the most dominating material used for medical tubing because of its low cost and ease of processing. PVC is a dominant plastic material used to manufacture medical tubing because of its low price. The ease of fabrication, manufacturing, and assembly makes it a preferred material for medical tubing. PVC can be used in a wide range of applications, as it exhibits excellent stability and chemical resistance.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=162082103

The global medical tubing market size is projected to reach USD 7.9 billion by 2026 growing at a CAGR of 10.0% from 2021 to 2026. The increasing demand for medical tubing in various healthcare segments coupled with stringent regulations concerning healthcare safety is driving the market for medical tubing.

The increase in demand for medical tubing and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in this market are Saint-Gobain (France), Freudenberg Medical LLC. (US), W.L. Gore and Associates Inc. (US), Avient Corporation (US), Raumedic AG (Germany), Lubrizol Corporation (US), Elkem ASA (Norway), Dow Corning Corporation (US), Nordson Corporation (US), Teknor Apex (US), and Optinova (Finland). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position. For instance, in August 2021, Nordson Corporation entered into a distribution agreement with Qosina. Under this agreement, the company will distribute its medical products through its distribution partner, Qosina.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162082103

Saint-Gobain SA is among the leading producers and suppliers of medical tubing and medical-related polymers. The company was incorporated in 1665 in France. The company manufactures and markets medical tubing for application in various medical fields such as dialysis, chemotherapy drug delivery, and minimally invasive surgeries. Saint-Gobain adopts expansions as the major growth strategy; recently, it expanded its manufacturing facility in the US to cater to the growing demand. The company has focused on the adoption of organic strategies to cement its position as the leader in the medical tubing market.

Lubrizol Corporation operates as a wholly-owned subsidiary of Berkshire Hathaway (headquartered in the US). The Lubrizol Corporation operates as a specialty chemical and performance materials company engaged in the production and supply of plastic and chemical products for application in a multitude of healthcare, medical, industrial, and consumer sectors on a global level. The company offers its medical-grade products such as materials for the production of medical tubing as well as medical tubing under its life sciences sub-segment. In terms of geographical footprint, Lubrizol Corporation has a global presence, operating ~40 labs/technical centers, ~60 manufacturing sites, and ~50 sales offices across the globe. The workforce strength of the company is around 8,800 employees, as of December 2020. Some of the major countries where the company has its production facilities or lab/technical centers located are the US, Belgium, Brazil, China, France, Germany, India, Japan, Malaysia, the Netherlands, Singapore, South Africa, Spain, and the UK.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/medical-tubing.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/medical-tubing-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Tubing Market worth $7.9 billion by 2026 | Key players Saint-Gobain, Avient Corp, Raumedic AG, Lubrizol Corp, Elkem ASA here

News-ID: 2610459 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Medical

ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924 Global Medical Casting & Splinting market 2019 research provides a basic overview of
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis. Get Free