Medical Tubing Market 2022 Leading Competitors, Regional Trends And Growth Trends 2030

Medical Tubing Market is valued at USD 13.04 Billion in 2022 and is projected to reach a value of USD 22.41 Billion in 2030 expanding at a CAGR of 7.00%.

Medical tubing is created for a number of applications that allow clinicians to administer fluid and devices or allow for gas flow. General applications of medical tubing include ventilators and IVs, but tubing also finds uses supporting access devices and as a delivery method for other devices.

For instance, tubing can be used to drive catheters in cardiac catheterizations to test for heart disease and find narrowing blood vessels, measure pressure and oxygen levels in different parts of the heart, check pump functions, biopsy, diagnose congenital heart defects and identify heart valve issues using catheterizations. Varied uses can require different materials and highly specialized manufacturing methods. There are a variety of materials correlated with medical tubing, all of which have varying physical parameters like temperature range, pressure capabilities and chemical resistance. Varying materials are needed for things like bulk disposable tubing, drug delivery systems, catheters, biopharmaceutical laboratory equipment and more.

Medical Tubing Market: Overview

The heightening cases of respiratory diseases, such as asthma, lung cancer, and pulmonary fibrosis, are anticipated to boost the product demand as it is a vital component of respiratory devices, such as ventilators, that facilitate breathing. The recent COVID-19 pandemic has led to a rise in the cases of hospitalization, which resulted in high product demand for enhanced patient care.

In Intensive Care Units (ICUs), disposable medical equipment is important for patient care, resulting in the increased demand for medical tubing as it is one of the important components of various medical devices. Towering concerns about hospital-acquired diseases, coupled with increasing awareness of pertaining to the spread of such infections, is projected to augment the command for disposable medical devices.

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Key Trends: Growth Determinants and Challenges

Increase in geriatric population:

The geriatric population notably had thrived the need for medical devices that incorporate tubing, thus driving the medical tubing market. According to the United Nations (UN) World Populations Ageing report 2020, there were an estimated 727 million people aged 65 years or above in the world. This number is projected to double by 2050. With the advancing healthcare system, life expectancy is also improving in these countries. This demographic trend will increase the demand for portable, lightweight medical devices and tubing. The use of devices such as home care equipment, patient monitoring equipment, and enteral tube feeding equipment will show a rapid growth rate in these regions.

Stringent and time consuming approval process:

Stringent and time-consuming regulatory policies restrict the commercialization of medical products. Regulating agencies such as the Food and Drug Administration (FDA), National Science Foundation (NSF), Drug Administration (DA), and Center for Devices and Radiological Health (CDRH) set regulations for the production of medical tubing, as safety and prevention of health hazards are important for these tubing because they come in direct contact with the body.

Competitive Landscape:

• Asahi Tec Corp.
• MDC Industries
• NordSon Corp.
• ZARYS International Group
• Hitachi Cable America Inc.
• NewAge Industries, Inc.
• TE Connectivity
• Freudenberg & Co. KG
• Spectrum Plastics Group
• ATAG SpA
• Saint-Gobain
• Bentec Medical
• Trelleborg AB
• MicroLumen, Inc.
• Optinova
• Vanguard Products Corp.

Segmental Analysis of Global Medical Tubing Market:

Based on Material
• Plastics
o Polyvinyl Chloride (PVC)
o Polyolefin
• Polyethylene (PE)
Polypropylene (PP)
• Polyamide
• Polyterafluoroethylene (PTFE)
• PEEK
• Perfluoroalkoxy (PFA)
• Polycarbonate (PC)
• Rubbers
o Thermoplastic elastomer (TPE)
o Thermoplastic polyurethane (TPU)
o Silicone
o Polyurethane (PU)
o Ethylene propylene diene monomer (EPDM)
o Latex
• Speciality Polymers
o Bio-absorbable Polymer
o Ethylene Vinly Acetate (EVA)

Based on Structure
• Single- Lumen
• Co-extruded
• Multi-Lumen
• Tapered or Bump Tubing
• Braided Tubing

Based on Application
• Bulk Disposable Tubing
• Catheters and Cannulas
• Drug Delivery System
• Special Application

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Based on Region

North America (US, Canada), Europe (UK, France, Spain, Italy, Germany), Asia-pacific (India, China, Japan, South Korea, Australia), Latin America (Mexico, Brazil), Middle East and Africa (UAE, Saudi Arabia, South Africa)

APAC has held the largest market revenue in the market during the forecast period. This growth is due to the increasing demand from end-use applications such as bulk medical tubing, catheters & cannulas, drug delivery systems, and other special applications. The rapidly growing demand for minimally invasive medical procedures and increase in healthcare accessibility are the factors driving the market for medical tubing in this region.

Major Developments:

For instance, in August 2021, Raumedic, a polymer specialist announced the expansion of its silicone business with two new facilities. These facilities are scheduled to be erected at the company's headquarters by 2025.
In July 2019, the Lubrizol Corporation acquired Bavaria Medizin Technologie GmbH (BMT), an innovative designer & manufacturer of both intravascular (peripheral, coronary, and cranial) and nonvascular devices.

Major questions answered in the report:

• What are the major growth factors, trends and challenges in the Global Medical Tubing Market?
• Which prime companies are contributing in the growth of Global Medical Tubing Market?
• Which regional segments accounts for the largest revenue share in the global medical tubing market?

Key takeaways from the report:

• Insights on regional analysis along with other segmental analysis.
• Challenges, trends and growth factors.
• The Global medical tubing market is valued at USD 13.04 Billion in 2022 and is projected to reach a value of USD 22.41 Billion in 2030 expanding at a CAGR of 7.00%.

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