Medical Tubing Market Size to Surpass US$ 18.18 Billion by 2022-2027 | CAGR of 7.30% - IMARC Group

The latest research study "Medical Tubing Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global medical tubing market reached a value of US$ 11.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.18 Billion by 2027 exhibiting a CAGR of 7.30% during 2022-2027.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Overview and Application :

Medical tubing is a general term for thin, hollow, cylindrical pipes made of fluoropolymers, silicone, polyvinyl chloride, polyethylene, and thermoplastic elastomers (TPE). It is frequently used to improve gas movement, administer devices, and carry fluids to and from the body. Catheters, intravenous (IVs), breathing devices, fluid management, drainage, drug delivery systems, and anaesthesia all make use of medical tubing. It is extremely strong, flexible, durable, able to bear extremely rigorous mechanical demands, and resistant to pressure, temperature, and abrasion. Medical tubing consequently has a wide range of uses in clinics, ambulatory surgical centres, hospitals, and medical research labs.

Medical Tubing Market Trends and Drivers:

The global medical tubing market is primarily driven by the growing prevalence of chronic conditions, such as cancer, respiratory diseases, and cardiovascular disorders. Additionally, the recent outbreak of coronavirus disease (COVID-19) has accelerated the hospitalization rates as it affects the lungs and causes respiratory problems.

Along with this, the increasing adoption of medical tubing in cardiac and urinary catheterization due to its time and cost efficiency has catalyzed the product demand. Furthermore, the leading manufacturers are making heavy investments toward product innovations to meet the evolving needs of the healthcare industry.

Other factors, including the escalating demand for minimally invasive surgeries (MIS), favorable government initiatives, improving healthcare infrastructure, and rising geriatric population, are also anticipated to propel the market growth.

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Global Medical Tubing Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

ATAG spa, Avient Corporation, Bentec Medical, Hitachi Ltd., Microlumen Inc., NewAge Industries Inc., Nordson Corporation, Optinova, Spectrum Plastics Group, TE Connectivity Ltd., Trelleborg AB and Vanguard Products Corporation.

The report has segmented the market on the basis of region, product, structure, application and end user.

Breakup by Product:
• Silicone
• Polyolefins
• Polyvinyl Chloride
• Polycarbonates
• Fluoropolymers
• Others

Breakup by Structure:
• Single-Lumen
• Co-Extruded
• Multi-Lumen
• Tapered or Bump Tubing
• Braided Tubing

Breakup by Application:
• Bulk Disposable Tubing
• Drug Delivery Systems
• Catheters
• Biopharmaceutical Laboratory Equipment
• Others

Breakup by End User:
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Medical Labs
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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