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Medical Tubing Market Size By Manufacturers Analysis And Forecast 2024: Acumen Research and Consulting
Acumen Research and Consulting
Medical tubing is the tubing that meets the application need in medical sector or pharmaceuticals industry. Medical tubing is mostly used for management of fluid, drainage, biopharmaceutical laboratory equipment, respiratory equipment, and IVs. Medical tubing must possess properties such as abrasion resistance, hardness, flexibility, and durability. Proper size of medical tubes is essential to fit into equipment. The size of medical tubes also helps in checking the flow rate. All the medical tubing devices must have characteristics such as opacity, sterilization, and static resistance.
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Market Dynamics
The rapidly growing healthcare industry is the major factor driving the demand for medical tubing market. Rise in aging population, increasing health problem mostly in the emerging economies such as India, Japan, China, Brazil are UAE are driving the market for medical tubing. Initiatives from governments to improve healthcare services are resulting in the growing demand for medical tubing. The major hindrance for the growth of medical tubing market is the huge R&D expenditure associated with the product development. Medical tubing market foresees good growth potential in the coming years by the replacement of metals by plastics. The manufacturers of medical tubing face several challenges from the strict government regulation in the healthcare sector.
Market Classification and Segment Overview
The Global Medical Tubing Market can be segmented based on material, structure, and application. Polyvinyl chloride, polyolefin, thermoplastic elastomer, thermoplastics polyurethane, silicone, and specialty polymer are the different medical tubing devices based on the material. Silicone medical tubing devices are projected to be the fastest growing segment during the forecast period as they offer excellent sterilization and microwave property. Based on the structure of medical tubing devices, the market for medical tubing can be segmented into single-lumen, co-extruded, multi-lumen, bump tubing and braided tubing. Medical tubing devices are used in various applications such as bulk disposable tubing, drug delivery system, gas supply tubing and catheters & cannulas. The bulk disposable tubing application dominated the market for medical tubing in the current year. Dialysis and bulk disposable application makes extensive use of medical tubing devices. Blood bags use drug delivery disposable, blood transfusion, laboratory disposables, sterilization supplies, and nonwoven medical disposables.
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The market for medical tubing is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa (MEA). European medical tubing market was the largest revenue contributor in the current year owing to the technological advancement in healthcare sector. Europe was closely followed by North America. The market for medical tubing has huge growth potential in the emerging economies of Asia-Pacific. Growing healthcare expenditure in the region is driving the healthcare sector, thereby spurring the growth of medical tubing market in the region. Along with Asia-Pacific, LAMEA is also expected to witness considerable growth rate owing to the rise in healthcare awareness.
Report Coverage
Market Global Medical Tubing Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Material, Structure, Application, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
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Market Participants
Key players involved in the global medical tubing market are focusing on key market strategies such as acquisitons and mergers with local as well as established players. Moreover, companies are also focusing on R&D of new devices and collaboration with local players to increase their reach across all geographies and earn huge profits. Partnership with multinational companies to strengthen their market reach and goodwill is also anticipated to be a major market strategy deployed by market players. Some of the major players involved in the manufacture and supply of concrete bonding agents include Dow Corning Corporation, Saint-Gobain Performance Plastics, Freudenberg Medical, LLC, W.L. Gore & Associates Inc., Vention Medical Inc., Polyone Corp., Bluestar Silicones International (Elkem Group), and Raumedic AG.
Market Segmentation
Market by Material
Polyvinyl chloride
Polyolefin
Thermoplastic elastomer
Thermoplastics polyurethane
Silicone
Specialty polymer
Market by Structure
Single-lumen
Co-extruded
Multi-lumen
Bump tubing
Braided tubing
Market by Application
Bulk disposable tubing
Drug delivery system
Gas supply tubing
Catheters & cannulas
Others
Market by Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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About Us
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
Contact -
Frank Wilson
Sales Manager | Acumen Research and Consulting
Email: frank@acumenresearchandconsulting.com
Ph - USA +1 716-240-831
Asia-Pacific +912065600384
Website: https://www.acumenresearchandconsulting.com
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