Medical Tubing Market Overview, Share, Growth | Global Forecast Report 2028

According to Precision Business Insights (PBI), the latest report, the medical tubing market is expected to be valued at USD 5,367.4 million in 2022, growing at a 10.3% CAGR from 2022 to 2028. The primary driver of the expansion of the global Medical Tubing market is an increase in the demand for medical tubes to provide fluids and medications to patients and the growing cases of respiratory diseases, such as asthma, lung cancer, and pulmonary fibrosis.

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Poly Vinyl Chloride Segment to Dominate the Medical Tubing Market:
Poly Vinyl Chloride is expected to account for a larger revenue share in the global Medical Tubing market, with a value share worldwide due to an increase in the use of single-use pre-sterilized medical devices has to upsurge in demand for PVC-based medical devices. PVC can also be sterilized with the help of irradiation and ethylene oxide sterilization methods. Furthermore, with continuous improvement in PVC material, many more medical sectors will use these PVC sterilized devices, consequently medical tubing market would expect to expand over the forecast period.

Asia Pacific Medical Tubing Market:
North America would expect to dominate the medical tubing market and account for maximum revenue share in past years, attributing to the better industrial infrastructure and product abundance in this region. Furthermore, a rise in the geriatric population in countries like the U.S. and Canada, well-developed healthcare infrastructure, and considerably higher disposable income levels of patients are some of the factors which lead to expanding the market in this region. The Asia Pacific is anticipated to be a progressive growing region owing to the increasing demand for better healthcare products which has pushed medical equipment producers to highlight the development of technologically innovative ways to reach a wide range of people. Furthermore, the rising demand for minimally invasive surgeries and a rise in the geriatric population are other factors that will enhance the market demand.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Medical Tubing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The medical tubing market is segmented based on material, structure, application, and geography.
Based on the material type, the market is segmented into the following:
• Plastics
• Rubbers
• Specialty Polymers

Based on the structure, the market is segmented into the following:
• Single-Lumen
• Co-Extruded
• Multi-Lumen
• Tapered Or Bump Tubing
• Braided Tubing

Based on the application, the market is segmented into the following:
• Bulk Disposable Tubing
• Catheters & Cannulas
• Drug Delivery System
• Special Applications

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the medical tubing market report are 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, and ATAG Spa.

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