Medical Tubing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Tubing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global medical tubing market size reached US$ 12.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Medical tubing refers to a hollow cylindrical pipe used to administer fluids and devices for the transfer of gas and liquid. It is manufactured using polyethylene, thermoplastic elastomers (TPE), nylon, polyvinyl chloride (PVC), and silicone. It is widely used for fluid management, catheters, drainage, peristaltic pumps, intravenous (IVs), bio-pharmaceutical laboratory equipment, anesthesiology, and respiratory equipment. Medical tubing exhibits various properties, such as hardness, flexibility, durability, temperature, pressure, and abrasion resistance. It is manufactured using recyclable plastic and does not induce allergic or adverse reactions, which is why it is directly applicable to the human body. Medical tubing has the ability to withstand extreme mechanical requirements due to its high level of purity. As a result, it is widely used across clinics, hospitals, ambulatory surgical centers, and medical labs.

Medical Tubing Market Trends:

The rising geriatric population and the increasing prevalence of cancer, arthritis, cardiovascular and respiratory conditions are some of the key factors driving the growth of the market. In line with this, the widespread usage of medical tubing in cardiac and urinary catheterization due to its time and cost efficiency is favoring the market growth. Moreover, various product innovations, such as the launch of paratubing devices, where fluids and gasses are supplied and removed simultaneously, are providing an impetus to market growth. These tubes are widely used in neurovascular applications, laparoscopic surgery, biopsy devices, and ophthalmology. Additionally, the increasing demand for minimally invasive procedures due to their faster recovery time, cost-effectiveness, and smaller incisions is positively impacting the market growth. Apart from this, significant growth in the healthcare industry and the implementation of various government initiatives to enhance the healthcare sector are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical tubing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, structure, application and end user.

Breakup by Product:

Silicone

Polyolefins

Polyvinyl Chloride

Polycarbonates

Fluoropolymers

Others

Breakup by Structure:

Single-Lumen

Co-Extruded

Multi-Lumen

Tapered or Bump Tubing

Braided Tubing

Breakup by Application:

Bulk Disposable Tubing

Drug Delivery Systems

Catheters

Biopharmaceutical Laboratory Equipment

Others

Breakup by End User:

Hospitals and Clinics

Ambulatory Surgical Centers

Medical Labs

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ATAG spa, Avient Corporation, Bentec Medical, Hitachi Ltd., Microlumen Inc., NewAge Industries Inc., Nordson Corporation, Optinova, Spectrum Plastics Group, TE Connectivity Ltd., Trelleborg AB and Vanguard Products Corporation.

Key Questions Answered in This Report

1. What was the size of the global medical tubing market in 2022?

2. What is the expected growth rate of the global medical tubing market during 2023-2028?

3. What are the key factors driving the global medical tubing market?

4. What has been the impact of COVID-19 on the global medical tubing market?

5. What is the breakup of the global medical tubing market based on the product?

6. What is the breakup of the global medical tubing market based on the application?

7. What is the breakup of the global medical tubing market based on the end user?

8. What are the key regions in the global medical tubing market?

9. Who are the key players/companies in the global medical tubing market?