; Medical Tubing Market Size, Trends and Forecast

Medical Tubing Market

Medical Tubing Market: By Material (Silicone, Polyolefins, Polyvinyl Chloride, Plastics, Polycarbonates, Rubbers, and Specialty Polymers), By Application (Bulk Disposable Tubing, Drug Delivery Systems, Catheters, and Cannulas, and Others (Peristaltic Pump Tubing, Gas Supply Tubing, and Smoke Evacuation Tubing)), By Structure (Single Lumen, Co-Extruded, Multi Lumen, and Braided Tubing), By End User (Ambulatory Surgical Centers, Hospitals, and Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032

Published on: Apr-2023
Report Code: FG HC 01456
No. of Pages: 170-350
Report Format: PDF

Product Overview

The Medical Tubing Market was valued at USD 7.21 billion in 2021 and is expected to reach USD 17.9 billion by 2032, growing at a CAGR of 8.6% during the forecast period, 2022-2032

Medical tubing is used in the medical industry for many medical or pharmaceutical applications to meet the standards. Medical tubing is made for materials that meet the required specifications. It is used for the management of fluid & drainage. Medical tubing is used for respiratory and anesthesiology equipment, peristaltic pumps, IVs, biopharmaceutical laboratory equipment, catheters. Medical tubing is directly applicable to the human body, certifications and standard process are required for manufacturing.

Market Highlights

Medical Tubing Market is expected to project a CAGR of 8.6% during the forecast period 2022-2032

The Medical Tubing Market was valued at USD 7.21 billion in 2021 and is expected to reach USD 17.9 billion by 2032, growing at a CAGR of 8.6% during the forecast period, 2022-2032 owing to the rising importance of less invasive procedures over surgical process, as they provide advantages like low cost, fast recovery time, less duration of stay at hospitals. The increasing occurance of diseases require surgical procedures which created demand for minimally invasive procedures and increased Medical Tubing Market. The healthcare industry is expected to face developments due to change in customer requirements, increased awareness in healthcare, and rising geriatric population created growth opportunities for the Medical Tubing Market.

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Medical Tubing Market: Segments

Polyvinyl Chloride (PVC) segment is expected to dominate the market in forecast period

Medical Tubing Market is classified based on the Material into Silicone, Polyolefins, Polyvinyl Chloride, Plastics, Polycarbonates, Rubbers, and Specialty Polymers. The Polyvinyl Chloride (PVC) segment dominated the market in 2021 owing to the increasing use of single-use pre-sterilized medical devices which is expected to boost the growth of PVC-based medical devices. PVC can be sterilized using various methods like irradiation and ethylene oxide sterilization.

Bulk Disposable Tubing segment is expected to dominate the market in forecast period

Medical Tubing Market is classified based on the Application into Bulk Disposable Tubing, Drug Delivery Systems, Catheters, and Cannulas, and Others (Peristaltic Pump Tubing, Gas Supply Tubing, and Smoke Evacuation Tubing). The Bulk disposable tubing segment dominated the market in 2021. All the syringes & needles, surgical instruments are included in bulk disposable devices. To prevent the spread of infection, the importance on spreading to patients is expected to boost the growth of segment.

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Market Dynamics                                          

Growth Drivers

Increasing Geriatric Population Will Aid in The Growth of the Market

The geriatric population is increasing resulting in the necessity of medical devices that have tubing which will aid in the growth of the medical tubing market. Most of the geriatric population is present in the developing countries and the necessity of medical tubing is expected to boost the market growth. The demand for lightweight, movable medical tubing devices has increased due to the advancements in technology and easy access to the devices in home care equipment, patient monitoring equipment which is expected to boost the growth of the market.

Rising Investments in Healthcare System May Boost the Market Growth

The healthcare industry is estimated to increase at a rapid pace due to the improvement in healthcare industry in developing countries and rising developments as per customer requirements which will drive the market growth. The increasing awareness on healthcare and increasing geriatric populations will aid in the growth of the medical tubing market.

Restraint

High Cost of Product Manufacturing May Hamper the Market Growth

The manufacturing of medical tubing includes longer time duration and high investments. Slowing down of regulatory approvals lead to delay of development which may result in reduction in development of technology. The requirement of R&D and high experience of technology may restrain the market growth. The time required for regulatory approval of medical devices is high which may restrain the market.

Recent Developments

  • ??In February 2022, Zeus Industrial Products released its PTFE Sub-Lite-Wall multi-lumen tubing to extend the product portfolio, innovated for steerable catheters.
  • In February 2022, Imperative Care Inc. introduced Zoom POD Aspiration Tubing, new innovation in elevating stroke care that incorporates the Zoom 88 Large Distal Platform, four Zoom Aspiration Catheters and the Zoom Pump with accessories.

Medical Tubing Market:

Key Players

(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Medical Tubing Market: Regions

Medical Tubing Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Based on regional analysis, North America dominated the market with largest revenue share in 2021, owing to the presence of a many geriatric populations in countries of this region. Advanced healthcare infrastructure, and high disposable income of patients in this region are expected to drive the healthcare industry in the region. Asia Pacific is expected to dominate the market growth owing to the rising demand for better healthcare products and rising demand for minimally invasive procedures in the geriatric population which will boost the demand for Medical Tubing Market.

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Impact of Covid-19 on Medical Tubing Market

The Covid-19 pandemic had a positive impact on the growth of the medical tubing market owing to the vast number of Covid-19 cases which led to the increment in the production of medical devices. There pandemic had a positive impact on the medical tubing market as the length of IV tubes were increased for supporting patients without the availability of hospital admission rooms which had a positive impact on the market growth. The pandemic caused respiratory disorders leading to the manufacture and sales of Infusion pumps and ventilators which has driven the medical tubing market.

 Medical Tubing Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Medical Tubing Market report also contains analysis on:

Medical Tubing Market Segments:

  • By Material
    • Silicone
    • Polyolefins
    • Polyvinyl Chloride
    • Plastics
    • Polycarbonates
    • Rubbers
    • Specialty Polymers
  • By Application
    • Bulk Disposable Tubing
    • Drug Delivery Systems
    • Catheters
    • Cannulas
    • Others (Peristaltic Pump Tubing, Gas Supply Tubing, and Smoke Evacuation Tubing)
  • By Structure
    • Single Lumen
    • Co-Extruded
    • Multi Lumen
    • Braided Tubing
  • By End User
    • Ambulatory Surgical Centers
    • Hospitals
    • Others
  • Medical Tubing Market Dynamics
  • Medical Tubing Market Meter Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Medical Tubing Market Report Scope and Segmentation

Report Attribute

Details

Market size value in 2021

USD 7.21 billion

Revenue forecast in 2032

USD 17.9 billion

Growth Rate

CAGR of 8.6% from 2022 to 2032

Base year for estimation

2021

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material, Application, Structure, End user and Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key companies profiled

Asahi Tec Corp, Nordson Corp., Hitachi Cable America, Inc., ZARYS International Group, MDC Industries, TE Connectivity, NewAge Industries, Inc., Saint-Gobain, Freudenberg & Co. KG, ATAG SpA, Bentec Medical, Vanguard Products Corp, Optinova, Trelleborg AB, MicroLumen, Inc., Spectrum Plastics Group and Other Prominent Players

 

 

 

Frequently Asked Questions (FAQ):

Medical Tubing Market size was estimated at USD 7.21 billion in 2021 and is expected to reach USD 17.9 billion in 2032.

Medical tubing is used in the medical industry for many medical or pharmaceutical applications to meet the standards. Medical tubing is made for materials that meet the required specifications. It is used for the management of fluid & drainage.

Polyvinyl Chloride (PVC) and Bulk Disposable Tubing segment accounted for the largest Medical Tubing market share.

Key players: Asahi Tec Corp, Nordson Corp., Hitachi Cable America, Inc., ZARYS International Group, MDC Industries, TE Connectivity, NewAge Industries, Inc., Saint-Gobain, Freudenberg & Co. KG, ATAG SpA, Bentec Medical, Vanguard Products Corp, Optinova, Trelleborg AB, MicroLumen, Inc., Spectrum Plastics Group and Other Prominent Players are the key players in the Medical Tubing Market.

Increasing geriatric population and Rising investments in healthcare system are the factors driving the Medical Tubing market.

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