Global Medical Tubing Market

Global Medical Tubing Market

Global Medical Tubing Market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031

Medical tubing is a crucial tool in the modern medical industry, used for drainage, fluid management, catheters, anesthesiology, respiratory equipment, IVs, peristaltic pumps, and biopharmaceutical laboratory equipment. They are particularly useful in cardiac catheterization, where physicians test for heart disease, locate narrowing blood vessels, and measure pressure and oxygen levels.

Market Dynamics: Drivers & Restraints

Rise in the advancements of medical tubing

The future of the medical tubing sector is highly dynamic, not least because there are a variety of pressures on organizations within this area to provide solutions that are not only of the highest quality but also deliver cost savings throughout the product life cycle. This is mainly driven by the global healthcare market, which continues to demand products and solutions that push the boundaries of what is possible at a highly competitive price.

Furthermore, global medical tubing is also driven by various other factors like a rise in the prevalence of chronic diseases, a rise in minimally invasive procedures and others helping the market to grow during the forecast period.

More time investment

Medical tubing manufacturing is a complex, time-consuming process requiring significant investments. Delays in regulatory approvals can slow technological advancements, impacting investment. Market innovation prevents technical and biocompatibility issues. Medical devices undergo approval procedures, potentially prolonging approval times. Quality control measures ensure safety through leak and burst testing.

Segment Analysis

The global medical tubing market is segmented based on device type, application, end-user and region.

The silicone from the device type segment accounted for approximately 42.1% of the medical tubing market share

The silicone from the device type segment accounted for approximately 42.1%. Silicone is the material of choice for medical tubing due to its biocompatibility, ease of use, and resistance to adhering to body tissue and supporting bacterial growth. Medical-grade silicone tubing meets several requirements for cleanliness and non-toxicity necessary for use in the medical field, including USP Class VI, FDA 21 CFR 177.2600, and ISO 10993 compliance. Silicone tubing is highly elastic without the need for plasticizers, making it a preferred option for life science use.

For instance, in August 2022, Freudenberg launched its HelixTC silicone over-moulded sanitary ends for bioprocessing fluid transfer applications. HelixTC is based on Freudenberg’s PharmaFocus Premium product line of platinum-cured silicone tubing. It is an alternative to standard barbed TC connections.

Geographical Analysis

North America is estimated to hold about 38.4% of the total market share throughout the forecast period

North America is estimated to hold about 38.4% of the total market share throughout the forecast period owing to the factors increasing prevalence of chronic diseases and the geriatric population, increasing product launches, increasing demand for minimally invasive procedures, and rising strategic initiatives by key market players.

For instance, in March 2022, Shockwave Medical, Inc. launched the Shockwave M5+ peripheral IVL catheter after receiving United States Food and Drug Administration (FDA) clearance. The Shockwave M5+ catheter is specifically designed to decrease Intravascular Lithotripsy (IVL) treatment time, provide alternative access options, and expand IVL therapy to patients with larger vessel sizes.

Moreover, in August 2021, Argon Medical Devices, Inc. launched SKATER Mini-Loop Drainage Catheters in the United States, which will be placed through the skin using imaging guidance as a minimally invasive way to remove or drain an unwanted fluid collection.

Covid 19 Impact Analysis

Amid the current COVID-19 virus outbreak, medical-grade plastic is playing an important part in helping fight the global pandemic. Medical-grade plastics are crucial in healthcare for improving patient care, particularly in intensive care units. Medical tubing, a key component of many medical devices, is essential for respiratory equipment like ventilators.

Covid-19 symptoms, such as shortness of breath, can lead to pneumonia and respiratory complications. Medical tubing assists in keeping patients alive by ensuring proper ventilation and preventing further respiratory issues.

Market Segmentation

By Device Type
• Silicone
• Polyolefins
• Polyvinyl Chloride
• Polycarbonates
• Fluoropolymers
• Others

By Application
• Catheters
• Bulk Disposable Tubing
• Drug Delivery Systems
• Biopharmaceutical Laboratory Equipment
• Others

By End User
• Hospitals
• Ambulatory Surgical Centers
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Optinova, Zeus Industrial Products, Saint-Gobain Performance Plastics, Teleflex, Nordson Corporation, Putnam Plastics, Raumedic, Teknor Apex, Freudenberg Medical, TE Connectivity among others.

Key Developments

 In February 2022, Imperative Care Inc. launched Zoom POD Aspiration Tubing, the company’s latest innovation in elevating stroke care. The Zoom POD is the newest addition to Imperative Care’s Zoom Stroke Solution, the company’s ischemic stroke product portfolio that includes the Zoom 88 Large Distal Platform for neurovascular access, four Zoom Aspiration Catheters in various sizes, and the Zoom Pump with accessories.

 In November 2021, The Flume Catheter Company Ltd. (TFCC), a medical device company dedicated to developing an improved alternative to the Foley indwelling urinary catheter, received clearance from the United States Food and Drug Administration (FDA) to market the FLUME catheter in the United States.

Why Purchase the Report?
• To visualize the global medical tubing market segmentation based on device type, application, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analysing trends and co-development.
• Excel data sheet with numerous data points of medical tubing market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global medical tubing market report would provide approximately 64 tables, 61 figures and 186 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies