Press release
Medical Tubing Market: Fueled by Innovation and Rising Respiratory Issues, Set for 14.23 Billion by 2025 and 23.84 Billion by 2029
Medical Tubing Market
What Is The Projected Market Size Of The Global Medical Tubing And Its Growth Rate?
• The medical tubing market size is projected to grow from $12.92 billion in 2024 to $14.23 billion in 2025, at a CAGR of 10.2%.
• The market is expected to see rapid growth to $23.84 billion in 2029, at a CAGR of 13.8%.
What Is Driving The Growth In The Medical Tubing Market?
The increase in respiratory diseases like asthma, lung cancer, and pulmonary fibrosis caused by factors such as tobacco smoking, air pollution, allergens, and occupational risks, are driving the growth of the medical tubing market. Medical tubes, essential components of ventilators that facilitate breathing, are increasingly in demand. According to the Centers for Disease Control and Prevention, the number of tuberculosis cases rose from 8,320 in 2022 to 9,615 in 2023, an increase of 1,295 cases. As such, the escalating cases of respiratory diseases are expected to propel the medical tubing market growth.
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Who Are the Key Players Driving Medical Tubing Growth?
• Saint-Gobain S.A.
• Freudenberg Medical LLC
• W.L. Gore & Associates Inc.
• Avient Corporation
• Raumedic AG
• Micro-Tek Corp.
• NewAge Industries Inc.
• Axiom Medical Inc.
• NovoSci Corp.
• Vanguard Products Corp.
• Zeus Industrial Products Inc.
• Absolute Custom Extrusions Inc.
• Petro Extrusion Technologies Inc.
• Pexco LLC
• GSH Industries Inc.
• Teleflex Medical OEM LLC
• Putnam Plastics Corporation
• Tekni-Plex Inc.
• Nordson Corporation
• Qosina Corp.
• Vesta Inc.
• Lubrizol Life Science Health
• Grayline LLC
• Trelleborg Healthcare & Medical
• Spectrum Plastics Group Inc.
• Merit Medical Systems Inc.
• Applied Plastics Co. Inc.
• Duke Empirical Inc.
• Biomerics LLC
• Polyzen Inc.
• Resonetics LLC
What Are The Key Trends In The Medical Tubing Market?
• Neurology and brain monitoring
• Drug delivery innovation
• Diagnostic advancements
• Biocompatibility
• Tissue engineering
What Are The Segments Of The Global Medical Tubing?
1) By Product Type: Silicone, Polyolefins, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products
2) By Application: Bulk Disposable Tubing, Drug Delivery Systems, Catheters, Biopharmaceutical Laboratory Equipment, Other Applications
3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Labs, Other End-Users
Which Region Leads The Medical Tubing Market?
North America was the largest region in the global medical tubing market in 2024, however, Asia-Pacific is forecasted to be the fastest-growing region in coming years.
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What Is Covered In The Medical Tubing Global Market Report?
- Market Size Analysis: Analyze the Medical Tubing size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Tubing for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Tubing growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Tubing.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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