Global Medical Tube Set Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medical Tube Set Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Medical Tube Set are tubes that can be inserted into a body cavity, vessel or duct, usually to allow for the administration of fluids, medications or gases or to drain fluids or urine from the body. Examples of some types of catheter include intravenous catheters, urinary catheters, etc.

Market Overview:

The latest research study on the global Medical Tube Set market finds that the global Medical Tube Set market reached a value of USD 34742.0 million in 2022. It’s expected that the market will achieve USD 47744.0 million by 2028, exhibiting a CAGR of 5.44% during the forecast period.

Health industry development

People's health awareness has been enhanced and medical systems in various countries have been continuously improved, and policies related to medical security have also benefited the market. The continuous improvement of various medical security systems has provided guarantees for residents' medical services, thereby promoting the growth of the medical industry and driving the development of the relevant equipment and consumables market.

At the same time, the COVID-19 epidemic has brought great pressure on the labor force, infrastructure and supply chain of the global medical industry, and exposed the problem of unequal social medical resources. At the same time, it accelerates the change of industry ecosystem, forcing public and private medical systems to adapt and innovate in a short time. People's awareness of health is also rising. The continuous improvement of medical level provides new opportunities for the development of medical tube set market.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. Medical tube set market is facing severe market competition.

In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality, sales channels and R&D strength, they will be unable to maintain their existing competitive position in the medical tube set market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.

Higher requirements for product quality and brand

The medical tube set is usually purchased by medical institutions such as general hospital, specialized hospital and clinic, which has strict requirements on product quality. Enterprises with high brand awareness and good product reputation can win customers more easily. In addition, The European Union have issued new medical device regulatory standards. MDR(EU2017/745) makes it more difficult to declare. After the implementation of the new regulations, CE certification of medical devices in EU will be no less difficult than FDA certification. The difficulty of certification will lead to some small and medium-sized equipment enterprises and OEM facing the risk of bankruptcy.

Region Overview:

Geographically, North America held the largest market share – 37.73% in 2022.

Company Overview:

Medtronic is one of the major players operating in the Medical Tube Set market, holding a share of 4.56% in 2023.

Medtronic

Medtronic is a global producer of medical devices and therapies, such as insulin pumps, pacemakers, and diabetes therapies. Perhaps best known for its revolutionary cardiac devices, such as battery-powered and miniature pacemakers, it also has introduced cutting-edge products into the industry.

Teleflex

Teleflex Incorporated is a global provider of medical technology products. The Company primarily develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications.

Segmentation Overview:

Among different product types, Cardiovascular Catheters segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Hospitals, with a market share of 85.13% in 2022.

Key Companies in the global Medical Tube Set market covered in Chapter 3:

Abbott
Tuoren Medical
Hollister
Smiths Medical
BD
Edwards Lifesciences
B. Braun
Cook Medical
Terumo
ConvaTec
Medtronic
Boston Scientific
Fresenius
Teleflex
Well Lead Medical
Coloplast

In Chapter 4 and Chapter 14.2, on the basis of types, the Medical Tube Set market from 2018 to 2029 is primarily split into:

Cardiovascular Catheters
Neurovascular Catheters
Intravenous Catheters
Urology Catheters
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medical Tube Set market from 2018 to 2029 covers:

Hospitals
Clinic

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)