Medical Tubing Market: Global Industry Analysis And Forecast (2023-2029)

AMedical Tubing Market was valued at USD 5.94 Billion in 2022, and it is expected to reach USD 11.74 Billion by 2029, exhibiting a CAGR of 10.2% during the forecast period (2023-2029)

Medical Tubing Market Overview:

The Global Medical Tubing Market is segmented by application, material and structure. Based on application, the market is segmented into Bulk disposable tubing, Catheters & cannulas, Drug delivery system, and Special applications. Also Based on material, the market is segmented into Plastics (Polyvinyl chloride (PVC), Polyolefin, Polyethylene (PE), Polypropylene (PP), Polyamide, Polyterafluoroethylene (PTFE), Poly ether ether ketone (PEEK), Perfluoroalkoxy (PFA), Polycarbonate (PC)), Rubbers (Thermoplastic elastomer (TPE), Thermoplastic polyurethane (TPU), Silicone, Polyurethane (PU), Ethylene propylene diene monomer (EPDM), Latex), and Specialty Polymers (Bioabsorbable polymer, Ethylene vinyl acetate (EVA)). Based on structure, the market is segmented into Single-lumen, Co-extruded, Multi-lumen, Tapered or Bump tubing, and Braided tubing. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.Medical Tubing MarketTo know about the Research Methodology:-Request Free Sample Report The increased prevalence of respiratory disorders such as asthma, lung cancer, and pulmonary fibrosis is expected to drive product demand since it is a vital component of respiratory equipment such as ventilators that aid in breathing. The current COVID-19 pandemic has resulted in an increase in hospitalizations, resulting in a significant product demand for improved patient care. Disposable medical equipment is vital for patient care in Intensive Care Units (ICUs), leading in increased demand for medical tubing, which is a key component of numerous medical devices. The report present a comprehensive analysis of the global Medical Tubing Market to the stakeholders in the industry. The report covers all the aspects of the industry with a dedicated research of key players that include market leaders and new entrants.The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in the market. COVID-19 Impact on Medical Tubing Market Medical tubing is used in a variety of applications, including bulk disposable tubing, catheters and cannulas, medication delivery systems, and unique uses. The medical industry observed a surge in the usage of medical devices as a result of the Covid-19 outbreak. Because of the pandemic, the medical tubing industry expanded at an unprecedented rate. The need for breathing tubes, medication delivery tubes, and IV tubes, among other things, has grown. Due to the extremely infectious nature of the COVID-19 pandemic, the length of IV tubing in hospitals in the United States was expanded so that they could be put outside of hospital rooms. The COVID-19 virus spread swiftly in the United States in 2020, resulting in the hospitalisation of a huge number of people. Furthermore, hospital and clinic beds were in low supply. The high prevalence of COVID-19 illness, which damages the lungs and causes pneumonia and other respiratory issues, is driving up demand for medical tubing used in different respiratory devices in the United States. Rising public awareness of hospital-acquired illnesses, along with growing worries about the spread of such infections, is expected to boost demand for disposable medical equipment. The increased number of collaborations and joint ventures between various medical device businesses is likely to broaden the worldwide reach of disposable medical devices, hence supporting market growth.

Medical Tubing Market Dynamics

Increase in geriatric population: The ageing population has greatly increased the need for medical equipment that utilise tubing, hence boosting the medical tubing market. According to the United Nations (UN) Globe Populations Ageing report 2022, the world has an estimated 727 million individuals aged 65 and more. This figure is estimated to more than double by 2050. The majority of the increase in the ageing population is seen in developing countries, whereas it is mild in developed countries. China, India, the United States, Indonesia, Brazil, and Nigeria are estimated to have the most people by 2050. These countries' life expectancy is increasing as their healthcare systems improve. The need for portable, lightweight medical equipment and tubes will rise as a result of this demographic shift. In these regions, the usage of devices such as home care equipment, patient monitoring equipment, and enteral tube feeding equipment will expand at a rapid pace. The need for tubes and equipment connected to cardiovascular and respiratory disorders is expected to rise as well. Significant investments and time required for product development: Medical tube manufacture necessitates large investments and a lengthy procedure. Delays in regulatory clearances lengthen the total development process, resulting in less investment in medical product development technologies. To minimise technical and biocompatibility concerns, which incur additional costs and time, the market is experiencing continual product innovation. Selecting the best polymer for a certain medical application, for example, and examining the application regions for each polymer in medical tubing are critical, which necessitates extensive R&D and technical competence. Distinct polymers and medical devices have different approval processes, which may necessitate a longer approval period. For example, FDA rules are projected to become more intricate and expensive in the future, thereby increasing the time necessary for medical device clearance. Regulatory approval processes may vary by region, making commercialisation and marketing of products challenging for businesses. Increasing healthcare investments in emerging economies: In the next five years, the global healthcare business is estimated to rise dramatically. Asia Pacific is estimated to develop at a slower rate, but Brazil, Russia, India, China, and South Africa (BRICS) are among the world's fastest-growing economies. Because of changes in consumer demand, increased healthcare knowledge, and rising ageing populations, the healthcare business in emerging nations is rapidly evolving, creating numerous prospects for medical tubing in the healthcare and medical device industries. The market in emerging nations is expanding due to economic expansion, greater government expenditure on healthcare services, and higher consumer purchasing power. As a result, general development and increased investment in healthcare infrastructure represent a significant potential for the medical tubing market. Stringent and time consuming approval process: Medical product commercialisation is hampered by stringent and time-consuming regulatory rules. Regulations for the production of medical tubing are set by regulatory agencies such as the Food and Drug Administration (FDA), National Science Foundation (NSF), Drug Administration (DA), and Center for Devices and Radiological Health (CDRH), as safety and prevention of health hazards are important for these tubing because they come into direct contact with the body. The regulatory criteria and the time required to complete the approval procedure vary by location. The approval procedure also differs depending on the type of medical equipment.

Medical Tubing Market Segment Analysis

Based on material, the market is segmented into Plastics (Polyvinyl chloride (PVC), Polyolefin, Polyethylene (PE), Polypropylene (PP), Polyamide, Polyterafluoroethylene (PTFE), Poly ether ether ketone (PEEK), Perfluoroalkoxy (PFA), Polycarbonate (PC)), Rubbers (Thermoplastic elastomer (TPE), Thermoplastic polyurethane (TPU), Silicone, Polyurethane (PU), Ethylene propylene diene monomer (EPDM), Latex), and Specialty Polymers (Bioabsorbable polymer, Ethylene vinyl acetate (EVA)). In 2022, the Polyvinyl Chloride (PVC) category dominated the market, accounting for more than 30.2 percent of global revenue. The growing usage of single-use pre-sterilized medical equipment has raised the need for PVC-based medical gadgets. Irradiation and ethylene oxide sterilisation procedures can also be used to sterilise PVC. PVC is biocompatible, clear, and chemically resistant, making it the most chosen material in medical tube fabrication. Polyolefins are widely utilised in medical tube devices with large diameters because they require materials with a unique mix of strength and flexibility. Furthermore, they are employed in a wide range of catheter applications, from dilators to lumen liners, since they have low friction qualities and are less expensive than other materials, such as fluoropolymers and silicones. Silicone is expected to grow at the second-fastest rate, 7.7 percent, between 2022 and 2029. Silicone medical tubing is utilised in biocompatible medical implants, feeding tubes, and catheters. It is widely utilised in medical equipment because it provides gasketing, sealing, and safe fluid transfer qualities that other materials cannot match. Polycarbonates are in high demand because they can be sterilised using all main methods, including irradiation (both gamma and electron-beam), ethylene oxide, and steam autoclaving, giving device manufacturers a wide range of options for selecting the most cost-effective way for a product. Based on application, the market is segmented into Bulk disposable tubing, Catheters & cannulas, Drug delivery system, and Special applications. The bulk disposable tubing segment dominated the market in 2022, accounting for more than 35% of global sales. Surgical tools, urological supplies, syringes, and needles are examples of bulk disposable equipment. The growing emphasis on preventing infection from one patient to the next is likely to fuel category growth during the forecast period. Catheters are thin tubes made of medical-grade materials that are used in a range of medical applications. They are injected into patients' bodies to cure ailments or execute procedures. The growing number of chronic illnesses that necessitate hospitalisation has increased the demand for catheters, driving the catheters segment's growth.Medical Tubing Market From 2022 to 2029, the drug delivery systems segment is expected to grow at the quickest rate, with a CAGR of more than 9%. Injectable, respiratory, and linked medication delivery systems all employ medical tubes to deliver medicines to the desired region. The demand for diagnostic tools to detect and mitigate illnesses in their early stages is increasing rapidly. Pneumatic tubes and blood collection tubes and equipment are expected to be in high demand over the forecast period. The regular and continuous supply of laboratory equipment is expected to have a favourable influence on market growth during the forecast period.

Regional Insights

North America dominated the market in 2022, accounting for more than 38% of global sales. North America is expected to continue its dominance during the forecast period since the United States has kept its R&D tax credit low. Furthermore, several small, medium, and big enterprises are pushing healthcare innovation in order to deliver novel treatments and technology as well as healthy lives. Product demand in Europe is likely to be driven by well-established medical infrastructure and rising healthcare spending. Consistent demand for minimally invasive and diagnostic equipment that uses medical tubes is also expected to drive market expansion over the projected period. Due to the move toward minimally invasive medical treatments, Asia Pacific is expected to be the fastest-growing geographical market from 2022 to 2029. Other reasons driving the need for medical tubing in various applications include increased responsiveness and government creativity in providing high-quality healthcare facilities, as well as an ageing population. This expansion is attributed to increased demand for improved healthcare, which has compelled medical equipment producers to focus on developing novel ways to reach a diverse variety of individuals. The market in Central and South America is being pushed by an increase in the transfer of medical technology from the United States. In Argentina, there are limits on medical equipment imports to encourage domestic manufacturing of the same, is expected to provide growth opportunities to the local manufacturers. The objective of the report is to present a comprehensive analysis of the global Medical Tubing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Medical Tubing Market dynamic, structure by analyzing the market segments and projecting the Medical Tubing Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Medical Tubing Market make the report investor’s guide.

Medical Tubing Market Scope: Inquire before buying

Global Medical Tubing Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US 5.94 Bn.
Forecast Period 2023 to 2029 CAGR: 10.2 % Market Size in 2029: US 11.74 Bn.
Segments Covered: by Material Plastics Polyvinyl chloride (PVC) Polyolefin     Polyethylene (PE)     Polypropylene (PP)      Polyamide      Polyterafluoroethylene (PTFE)      Poly ether ether ketone (PEEK)      Perfluoroalkoxy (PFA)      Polycarbonate (PC) Rubbers    Thermoplastic elastomer (TPE)    Thermoplastic polyurethane (TPU)    Silicone    Polyurethane (PU)    Ethylene propylene diene monomer (EPDM)    Latex Specialty Polymers    Bioabsorbable polymer    Ethylene vinyl acetate (EVA)
by Structure Single-lumen Co-extruded Multi-lumen Tapered or Bump tubing Braided tubing
by Application Bulk disposable tubing Catheters & cannulas Drug delivery system Special applications

Medical Tubing Market, by Region:

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players:

1. Zeus Industrial Products 2. Saint-Gobain Performance Plastics 3. Teleflex 4. Optinova 5. Lubrizol (Vesta) 6. Nordson Corporation 7. Putnam Plastics 8. Raumedic 9. Tekni-Plex 10. W.L.Gore& Associates (Fermatex Vascular Technology) 11. Ap Technologies 12. A.P. Extrusion 13. B. Braun 14. Cook Medical 15. FBK Medical Tubing, Inc. 16. Freudenberg Group 17. Grayline 18. LVD Biotech 19. MDC Industries 20. Medtronics 21. Microlumen 22. Nusil Technology 23. Polyzen 24. TE Connectivity 25. Teel Plastics Inc. Frequently Asked Questions: 1] What segments are covered in the Global Medical Tubing Market report? Ans. The segments covered in the Medical Tubing Market report are based on Application, Material and Structure. 2] Which region is expected to hold the highest share in the Global Medical Tubing Market? Ans. The North America region is expected to hold the highest share in the Medical Tubing Market. 3] What is the market size of the Global Medical Tubing Market by 2029? Ans. The market size of the Medical Tubing Market by 2029 is expected to reach USD 11.74 Bn. 4] What is the forecast period for the Global Medical Tubing Market? Ans. The forecast period for the Medical Tubing Market is 2023-2029. 5] What was the market size of the Global Medical Tubing Market in 2022? Ans. The market size of the Medical Tubing Market in 2022 was valued at USD 5.94 Bn.
1. Global Medical Tubing Market Size: Research Methodology 2. Global Medical Tubing Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Medical Tubing Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Medical Tubing Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Medical Tubing Market Size Segmentation 4.1. Global Medical Tubing Market Size, by Material (2022-2029) • Plastics o Polyvinyl chloride (PVC) o Polyolefin  Polyethylene (PE)  Polypropylene (PP) o Polyamide o Polyterafluoroethylene (PTFE) o Poly ether ether ketone (PEEK) o Perfluoroalkoxy (PFA) o Polycarbonate (PC) • Rubbers o Thermoplastic elastomer (TPE) o Thermoplastic polyurethane (TPU) o Silicone o Polyurethane (PU) o Ethylene propylene diene monomer (EPDM) o Latex • Specialty Polymers o Bioabsorbable polymer o Ethylene vinyl acetate (EVA) 4.2. Global Medical Tubing Market Size, by Structure (2022-2029) • Single-lumen • Co-extruded • Multi-lumen • Tapered or Bump tubing • Braided tubing 4.3. Global Medical Tubing Market Size, by Application (2022-2029) • Bulk disposable tubing • Catheters & cannulas • Drug delivery system • Special applications 5. North America Medical Tubing Market (2022-2029) 5.1. North America Medical Tubing Market Size, by Material (2022-2029) • Plastics o Polyvinyl chloride (PVC) o Polyolefin  Polyethylene (PE)  Polypropylene (PP) o Polyamide o Polyterafluoroethylene (PTFE) o Poly ether ether ketone (PEEK) o Perfluoroalkoxy (PFA) o Polycarbonate (PC) • Rubbers o Thermoplastic elastomer (TPE) o Thermoplastic polyurethane (TPU) o Silicone o Polyurethane (PU) o Ethylene propylene diene monomer (EPDM) o Latex • Specialty Polymers o Bioabsorbable polymer o Ethylene vinyl acetate (EVA) 5.2. North America Medical Tubing Market Size, by Structure (2022-2029) • Single-lumen • Co-extruded • Multi-lumen • Tapered or Bump tubing • Braided tubing 5.3. North America Medical Tubing Market Size, by Application (2022-2029) • Bulk disposable tubing • Catheters & cannulas • Drug delivery system • Special applications 5.4. North America Medical Tubing Market, by County(2022-2029) • United States • Canada 6. European Medical Tubing Market (2022-2029) 6.1. European Medical Tubing Market , by Material (2022-2029) 6.2. European Medical Tubing Market , by Structure (2022-2029) 6.3. European Medical Tubing Market , by Application (2022-2029) 6.4. European Medical Tubing Market , by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Medical Tubing Market (2022-2029) 7.1. Asia Pacific Medical Tubing Market , by Material (2022-2029) 7.2. Asia Pacific Medical Tubing Market , by Structure (2022-2029) 7.3. Asia Pacific Medical Tubing Market , by Application (2022-2029) 7.4. Asia Pacific Medical Tubing Market , by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Medical Tubing Market (2022-2029) 8.1. Middle East and Africa Medical Tubing Market , by Material (2022-2029) 8.2. Middle East and Africa Medical Tubing Market , by Structure (2022-2029) 8.3. Middle East and Africa Medical Tubing Market , by Application (2022-2029) 8.4. Middle East and Africa Medical Tubing Market , by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Medical Tubing Market (2022-2029) 9.1. South America Medical Tubing Market , by Material (2022-2029) 9.2. South America Medical Tubing Market , by Structure (2022-2029) 9.3. South America Medical Tubing Market , by Application (2022-2029) 9.4. South America Medical Tubing Market , by Country (2022-2029) • Brazil • Mexico • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Zeus Industrial Products 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Saint-Gobain Performance Plastics 10.3. Teleflex 10.4. Optinova 10.5. Lubrizol (Vesta) 10.6. Nordson Corporation 10.7. Putnam Plastics 10.8. Raumedic 10.9. Tekni-Plex 10.10. W.L.Gore& Associates (Fermatex Vascular Technology) 10.11. Ap Technologies 10.12. A.P. Extrusion 10.13. B. Braun 10.14. Cook Medical 10.15. FBK Medical Tubing, Inc. 10.16. Freudenberg Group 10.17. Grayline 10.18. LVD Biotech 10.19. MDC Industries 10.20. Medtronics 10.21. Microlumen 10.22. Nusil Technology 10.23. Polyzen 10.24. TE Connectivity 10.25. Teel Plastics Inc.
  • INQUIRE BEFORE BUYING