Medical Tubing Market Growth Scenario (2022-2027)

Latest publication on 'Medical Tubing Market: Current Analysis and Forecast (2021-2027)' is added in HTF MI research repository provides in-depth analysis, Competitive scenario, and future market trends and strategies. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones.

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Summary
The global medical tubing market is likely to showcase a growth of around 9% during the forecast period. Medical tubing has many applications in the healthcare industry such as fluid management and drainage, along with anaesthesiology and respiratory equipment, intravenous (IVs), catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. Moreover, medical tubing ensures cost efficiency and less time consumption for various medical operations. The rising demand for medical devices that has medical tubing as a part of the equipment is pushing its demand. Further, the increasing old age population is expected to drive the market demand in the forecast period as several health issues owing to reduced immunity strength require various treatments that include the implementation of medical tubing.
Additionally, the growth of the healthcare industry in both developed and developing regions are rising the demand for medical tubing for surgical implants due to their properties such as lubricity and biocompatibility. Moreover, increasing demand for technically advanced medical devices to meet various neurological and surgical applications is elevating the medical tubing demand. The demand for minimally invasive medical procedures, advancements in medical tubing, and government initiatives to provide better healthcare facilities are also driving the market growth.

Insights Presented in the Report
"Amongst materials, silicone has a prominent share in the medical tubing market"
Based on material, the market is categorized into fluoropolymers, polyolefins, polyvinyl chloride (PVC), silicone, and others. Among these, silicone has a prominent share in the market. Silicone has numerous advantages over other materials, such as natural rubber. It is more bio-compatible than rubber medical tubes and does not support bacterial growth. Furthermore, silicone is recyclable and can be reused multiple times. Additionally, it has excellent dimensional stability and is resistant to various factors such as chemicals, temperature, and UV radiation.
"Amongst structure, multi-lumen tubing has accounted for a considerable share in the medical tubing market"

Based on structure, the market is categorized into single-lumen tubing, multi-lumen tubing, tapered or bump tubing, balloon tubing, and others. Among these, multi-lumen tubing held a considerable market share. This is mainly ascribed as it is used in catheters and endoscopes for flushing and respiration, heating and cooling, monitoring flow rates, and drug fusion due to its dielectric properties such as temperature, resistance, high lubricity, and biocompatibility.
"Amongst applications, bulk disposable has accounted for a considerable share in the medical tubing market"

Based on application, the market is categorized into bulk disposable tubing, drug delivery systems, catheters, and others. Among these, bulk disposable tubing held a prominent position in the medical tubing market. Bulk disposable tubing is utilized for various purposes such as blood transfusion, IV transfusion tubing, respiratory tubing, and others. Also, it is used in delivering fluids and drugs to an individual directly in the blood.
"Amongst end-user, hospitals and clinics have accounted for a considerable share in the medical tubing market"

Based on end-user, the market is categorized into hospitals and clinics, ambulatory surgical centers, medical labs, and others. Among these, hospitals and clinics have a prominent share in the market as medical tubing is used for various applications in the hospitals and clinics, such as delivering intravenous medication and in catheter systems. It is also used for tying off wounds, restricting blood flow, resistance training, and numerous other purposes.
"North America accounted for a significant share in the medical tubing market"
For a better understanding of the market adoption of medical tubing, the market is analyzed on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America held a considerable share in the market and demand is expected to maintain a strong position during the foreseeable future. This can be attributed to the high expenditure in the healthcare industry and the growing old-age population in the region. For instance, according to the U.S. Census Bureau, more than 55 million Americans are age 65 or older. Thus, it could increase the demand for medical tubing devices for various purposes such as a feeding tube may be required if a person has been placed on a ventilator to help them breathe. Thereby, it will fuel the demand for medical tubing in the region.
 
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