Medical Tubing Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2028

The medical tubing market is expected to reach US$ 18,283.50 million by 2028 from US$ 11,992.25 million in 2021; it is estimated to grow at a CAGR of 6.65% from 2021 to 2028.

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. Further, the flourishing hospital industry and medical tubes with advanced features are likely to boost the market during the forecast period. However, difficulties in handling and the risk of infection associated with medical tubes are among the market deterrents.

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Key Players Analysis:

• Nordson Corp
• MicroLumen Inc
• Polyzen Inc
• Accu Tube LLC
• TE Connectivity Ltd
• Freudenberg Medical LLC
• Spectrum Plastics Group Inc
• Compagnie de Saint Gobain SA
• Trelleborg

Material Insights:

Based on material type, the global medical tubing market is segmented into polyvinylchloride (PVC), polyimide/nylons, PTFE/thermoplastic elastomers, thermoplastic polyurethanes (TPUS), polyvinylchloride, polyvinylidene fluoride (PVDF), polypropylene and polyethylene, silicon, and others. In 2021, the polyvinylchloride (PVC) segment held the largest share of the market. The silicon segment of the medical tubing market is also expected to grow at the highest CAGR of 7.3% during 2021-2028. The growth of the market for silicon medical tubing is attributed to the proven biocompatibility and inertness of the material, which ensures its safety in long-term implants.

Application Insights:

Based on application, the medical tubing market is segmented into bulk disposable tubing, catheters & cannula, drug delivery system, and others. In 2021, the bulk disposable tubing segment held the largest share of the market. Furthermore, the catheters & cannula segment is also expected to register the highest CAGR during the forecast period.

End User Insights:

Based on end user, the medical tubing market is segmented into hospitals and clinics, ambulatory care centers, medical labs, and others. In 2021, the hospitals segment held the largest share of the market. Further, the ambulatory care centers segment is also expected to register the highest CAGR during the forecast period. Ambulatory care centers across the world are constantly making efforts to expand their range of services to drive patient influx and increase revenues by improving quality care and satisfaction. Advancements in technology, increasing demand for minimally invasive surgeries, and growth in the development of outpatient services fuel the growth of the market for the ambulatory surgical centers segment.

Medical Tubing- Market Segmentation:

The global medical tubing market is segmented based on material, structure, application, End user, and geography. Based on material, the market is segmented into digital radiography, ultrasound, MRI, CT, nuclear imaging, and mammography. Based on structure, the medical tubing market is segmented into hospitals, ambulatory healthcare settings, diagnostics and imaging centers, and others. Based on application, the market is segmented into hospitals, ambulatory healthcare settings, diagnostics and imaging centers, and others. Based on end user, the medical tubing market is segmented into software, hardware, and services. In terms of geography, the medical tubing market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.  

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Medical Tubing Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Medical Tubing Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.