Press release
Medical Tubing Market Projected to Reach US$ 18,283.50 Million by 2028
The medical tubing market is projected to reach US$ 18,283.50 million by 2028; registering at a CAGR of 6.65% from 2022 to 2028, according to a new research study conducted by The Insight PartnersSilicon Segment Dominated Medical Tubing Market in 2021
Major factors driving the market growth include an increase in the number of patients requiring tube feeding and a rise in the number of minimally invasive surgical procedures. Moreover, the flourishing hospital industry and medical tubes with advanced features are likely to boost the market during the forecast period. However, the difficulties in handling and the risk of infection associated with medical tubes are the major market deterrents.
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Key Players : Nordson Corp, Microlumen Inc., Polyzen Inc., Accu-Tube LLC, TE Connectivity, Freudenberg Medical LLC, Spectrum Plastics Group Inc, Compagnie de Saint Gobain SA, Optinova AB, Trelleborg AB, and GlobalMed Inc. are among the key companies operating in the medical tubing market.
The medical tubing market is segmented on the basis of material, structure, application, end user and geography. The medical tubing market, by material, is segmented into polyvinylchloride (PVC), polyimide/nylons, PTFE/thermoplastic elastomers, thermoplastic polyurethanes (TPUS), polyvinylchloride, polyvinylidene fluoride (PVDF), polypropylene and polyethylene, silicon, and others. Based on structure, the market is divided into single-lumen, multi-lumen, multi-layer extruded tubing, tapered or bump tubing, braided tubing, balloon tubing, corrugated tubing, heat shrink tubing, and others. The medical tubing market, by application, is segmented into bulk disposable tubing, catheters & cannula, drug delivery system, and others. Based on end user, the market is divided into hospitals and clinics, ambulatory care centers, medical labs, and others.
In terms of geography, the medical tubing market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
Increase in Number of Patients Requiring Tube Feeding Drives Market Growth
A feeding tube is used to provide nutrients to patients who don't get enough nutrition from ingested food. A medical tube is inserted in the stomach or small intestine to deliver liquid nutrition directly. Tube feeding procedure is prescribed to patients with gastrointestinal dysfunction, head and neck cancer (which make swallowing difficult), neurological disorders (including stroke and paralysis), and other medical conditions.
Crohn's disease, a gastrointestinal disease associated with trauma, bowel obstruction (BO), microscopic colitis, short bowel syndrome, and ulcerative colitis are a few gastrointestinal disorders. According to an article published in Healthline, ~40% of people across the world were affected by the functional gastrointestinal disorder in 2021. Per the study Global Burden of Disease 2017, the number of people suffering from inflammatory bowel disease across the world increased from 3.7 million in 1990 to 6.8 million in 2017. Additionally, the American Cancer Society estimated 26,380 new cases (including 15,900 men and 10,480 women) of stomach cancer (gastric cancer) in the US for 2022. According to the Global Cancer Statistics 2020 by GLOBOCAN, head and neck cancer (HNC) was the seventh most common cancer in the world, which accounted for more than 660,000 new cases and 325,000 deaths in 2020. Per the Centers for Disease Control and Prevention (CDC) data in 2020, every 40 seconds, someone in the US gets a stroke. Similarly, the Stroke Association states that 100,000 people experience strokes each year in the UK; moreover, ~400 children in the country have a stroke every year. Enteral nutrition is preferred for feeding patients with gastrointestinal diseases. As these patients cannot consume food orally, the enteral route is preferred to meet their nutrient requirements.
Therefore, a surge in the number of patients suffering from gastrointestinal dysfunction, head and neck cancer (which make swallowing difficult), and neurological disorders (including stroke and paralysis) boosts the demand for tube feeding, thus driving the medical tubing market growth.
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About US
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.
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