The Global Medical Tubing Market: Trends, Forecasts, and Opportunities| MarketsandMarkets™
Medical tubing is a type of tubing used in the medical field for a variety of purposes. It is typically made of silicone, polyurethane, latex, PVC, polyethylene, and other materials. It is used in a variety of medical applications including catheters, endoscopes, and medical devices. Medical tubing is used for transporting fluids, carrying medicines and other substances, and connecting medical devices. It is used in a variety of medical applications such as intravenous (IV) therapy, dialysis, and drug delivery.
The demand for medical tubing is increasing due to the growth of the medical device industry and the need for more sophisticated medical technology. The global medical tubing market size is projected to grow from USD 4.9 billion in 2021 to USD 7.9 billion by 2026, at a CAGR of 10.0%. Increasing demand for minimally invasive surgical techniques and the introduction of new materials and technologies in medical tubing are some of the factors expected to drive the growth of the market. Additionally, increasing awareness about the advantages of medical tubing such as biocompatibility and superior performance is also driving the market.
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The bulk disposable tubing application segment is estimated to lead the medical tubing market during the forecast period.
The demand for bulk disposable tubing is increasing due to its numerous advantages, such as low cost, high flexibility, and lightweight design. Moreover, these products are widely used for medical applications, including medical infusion, sampling, and other applications. Additionally, these products are used for laboratory applications in research and development, and for various industrial applications, such as food and beverage processing, electronics, and other applications. The growing demand for these products in various end-use industries is driving the growth of the medical tubing market during the forecast period.
The plastic material segment is expected to lead the medical tubing market during the forecast period.
Plastic materials such as polyvinyl chloride (PVC), polyethylene (PE), polyurethane (PU), and polypropylene (PP) are widely used for the manufacture of medical tubing. The use of plastic materials for medical tubing provides numerous advantages over other materials, such as high strength, flexibility, light weight, and cost savings. Plastic materials are also highly resistant to corrosion and are available in a wide range of sizes, shapes, and colors. Furthermore, plastic materials are capable of withstanding high temperatures and pressures, making them suitable for a variety of medical applications. In addition, they can be manufactured in a variety of forms, including extruded, injection molded, and blow molded, which allows for greater customization to meet specific requirements. This has resulted in an increased demand for plastic medical tubing, leading to the dominance of this segment in the medical tubing market.
Polyvinyl chloride accounted for the largest market share during forecast period.
Polyvinyl chloride (PVC) is the most used medical tubing material, accounting for the largest market share in 2021. PVC is a type of plastic that is easy to process and form into a variety of shapes and sizes. It is also highly durable, resistant to corrosion, and heat sealable. These characteristics make it ideal for use in medical tubing applications such as intravenous (IV) lines, dialysis tubes, and catheters. PVC is also inexpensive compared to other tubing materials, which further contributes to its popularity.
North America is expected to be the largest market for medical tubing during the forecast period.
The North American market for medical tubing is expected to be the largest, driven by the increasing demand for medical devices and the growing prevalence of chronic diseases. The rising demand for minimally invasive surgeries, changing lifestyles, and the growing geriatric population in the region are some of the key factors driving the growth of the medical tubing market. Furthermore, the increasing investments in the medical devices sector and the presence of major medical device manufacturers in the region are also contributing to the growth of the medical tubing market. Additionally, the presence of healthcare infrastructure, rising incomes, and healthcare expenditure are some of the other factors driving the growth of the medical tubing market in North America.
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Asia Pacific is expected to be the fastest-growing market for medical tubing during the forecast period.
The Asia Pacific region, driven by the presence of countries such as China, India, and Japan, is expected to be the fastest-growing market in the medical tubing industry during the forecast period. The region is home to a large population, and its healthcare industry is also rapidly developing. Additionally, medical tubing manufacturers are increasingly investing in the region to capitalize on the potential opportunities in the market. Moreover, rising disposable income, increasing investment in medical devices, and the growing prevalence of chronic diseases are expected to drive the growth of the medical tubing market in the Asia Pacific region.
The key players in this market are Saint-Gobain (France), Freudenberg Medical LLC. (US), W.L. Gore and Associates Inc. (US), Avient Corporation (US), Raumedic AG (Germany), Lubrizol Corporation (US), Elkem ASA (Norway), Dow Corning Corporation (US), Nordson Corporation (US), Teknor Apex (US), and Optinova (Finland) and others.
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