Global Medical Tubing Market Size study & Forecast, by Product (Silicone, Polyolefins, Polyimide, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Others), by Application (Bulk disposable tubing, Drug delivery systems, Catheters, Biopharmaceutical labo

Global Medical Tubing Market Size study & Forecast, by Product (Silicone, Polyolefins, Polyimide, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Others), by Application (Bulk disposable tubing, Drug delivery systems, Catheters, Biopharmaceutical laboratory equipment, Others), and Regional Analysis, 2023-2030

Global Medical Tubing Market is valued at approximately USD 12,232.7 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2023-2030. The medical tubing market encompasses the use of specialized tubing for medical applications, including catheters, IV tubing, respiratory tubes, and surgical tubing. It facilitates the delivery of fluids and medications, as well as the movement of instruments during medical procedures. Medical tubing is made from biocompatible materials that meet strict regulatory standards for safety, durability, flexibility, and patient comfort. It serves healthcare facilities worldwide, including hospitals, clinics, and ambulatory surgical centers. The Medical Tubing Market is being driven by factors such as the growing aging population and increasing prevalence of cardiovascular diseases, cancer, arthritis, etc.

This medical tubing plays a vital role in patient care and in chronic diseases such as cardiovascular diseases, diabetes, and respiratory disorders. According to the United Nations, September 2020, the world old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Along with that, According to the Population Reference Bureau, the number of people aged 65 and older in the U.S. is expected to double from 52 million in 2018 to 95 million by 2060. And rising prevalence of cancer also driving the market, According to Estimates from the International Agency for Research on Cancer (IARC) indicate that by 2040, the global burden of cancer is projected to increase, with approximately 27.5 million new cancer cases and 16.3 million cancer deaths. Thus, the growing geriatric population worldwide and rising prevalence of chronic diseases has significantly driven the requirement for medical devices equipped with tubes, thereby fueling the growth of the market. In addition, advancements in material technology and increasing demand for home healthcare create lucrative opportunities for the market. However, strict regulatory compliance may hinder the growth of the market throughout the forecast period of 2023-2030.

The key regions considered for the Global Medical Tubing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to highly developed healthcare infrastructure with advanced medical facilities and a strong focus on technological innovation and increasing healthcare spending in the region. Asia Pacific consider the fastest growing region during the forecasted period due to rising demand for minimally invasive surgeries and rise in chronic diseases such as cardiovascular diseases, diabetes, and respiratory disorders.

Major market player included in this report are:
Asahi Tec Corp.
MDC Industries
Nordson Corp.
ZARYS International Group
Hitachi Cable America Inc.
NewAge Industries, Inc.
TE Connectivity
Freudenberg & Co. KG
Spectrum Plastics Group
ATAG SpA

Recent Developments in the Market:
In February 2023, Freudenberg expanded its medical tubing production to Massachusetts, with the goal of catering to its Eastern U.S. customers by offering customized solutions. This initiative allows Freudenberg to better serve the specific needs of its customers in the region.

Global Medical Tubing Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Silicone
Polyolefins
Polyimide
Polyvinyl Chloride
Polycarbonates
Fluoropolymers
Others

By Application:
Bulk disposable tubing
Drug delivery systems
Catheters
Biopharmaceutical laboratory equipment
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies
Asahi Tec Corp.
MDC Industries
Nordson Corp.
ZARYS International Group
Hitachi Cable America Inc.
NewAge Industries, Inc.
TE Connectivity
Freudenberg & Co. KG
Spectrum Plastics Group
ATAG SpA

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