Medical tubing is used for fluid management and drainage as well as with anesthesiology and respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment owing to its properties such as flexibility, lubricity, clarity, kink resistance, and the ability to hold tight tolerances. Further, the rise in the old-age population has led to an increase in diseases and created a high demand for diagnostic equipment and drug delivery systems. Additionally, the rising usage of medical tubing in cardiac and urinary catheterization due to its time and effective cost is fuelling the market growth.
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According to UnivDatos Market Insights (UMI)’ research report “Global Medical Tubing Market”, the market is expected to showcase a growth of around 9% during the forecast period. The vast application area and the rising demand for medical devices and equipment related to cardiovascular and respiratory diseases is rising the demand for medical tubing.
Based on material, the market is categorized into fluoropolymers, polyolefins, polyvinyl chloride (PVC), silicone, and others. Among these, silicone has a prominent share in the market. Silicone has numerous advantages over other materials, such as natural rubber. It is more bio-compatible than rubber medical tubes and does not support bacterial growth. Furthermore, silicone is recyclable and can be reused multiple times. Additionally, it has excellent dimensional stability and is resistant to various factors such as chemicals, temperature, and UV radiation.
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Based on end-user, the market is categorized into hospitals and clinics, ambulatory surgical centers, medical labs, and others. Among these, hospitals and clinics have a prominent share in the market as medical tubing is used for various applications in the hospitals and clinics, such as delivering intravenous medication and in catheter systems. It is also used for tying off wounds, restricting blood flow, resistance training, and numerous other purposes.
North America accounted for a considerable share of the medical tubing market during the forecast period.
North America held a considerable share in the market and demand is expected to maintain a strong position during the foreseeable future. This can be attributed to the high expenditure in the healthcare industry and the growing old-age population in the region. For instance, according to the U.S. Census Bureau, more than 55 million Americans are age 65 or older. Thus, it could increase the demand for medical tubing devices for various purposes such as a feeding tube may be required if a person has been placed on a ventilator to help them breathe. Thereby, it will fuel the demand for medical tubing in the region.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global medical tubing market include Saint-Gobain Performance Plastics Inc., Teleflex Incorporated, Freudenberg Medical, LLC, Nordson Corporation, RAUMEDIC AG, Zarys International Group, Boston Scientific Corporation, MicroLumen, Inc., Trelleborg Group, Vanguard Products Corporation. These companies are taking several strategic decisions to meet the growing demand and increase their market share.
“Global Medical Tubing Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Market Segmentation:
- By Material (Fluoropolymers, Polyolefins, Polyvinyl Chloride (PVC), Silicone, and Others)
- By Structure (Single-lumen Tubing, Multi-lumen Tubing, Tapered or Bump Tubing, Balloon Tubing, and Others)
- By Application (Bulk disposable tubing, Drug delivery systems, Catheters, and Others)
- By End-User (Hospitals and clinics, Ambulatory surgical centers, Medical labs, and Others)
- By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
- By Company (Saint-Gobain Performance Plastics Inc., Teleflex Incorporated, Freudenberg Medical, LLC, Nordson Corporation, RAUMEDIC AG, Zarys International Group, Boston Scientific Corporation, MicroLumen, Inc., Trelleborg Group, Vanguard Products Corporation)
Key questions answered in the study:
- What are the current and future trends of the global medical tubing industry?
- How the industry has been evolving in terms of material, structure, application, and end-user?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global medical tubing industry?
- What are the customer orientation, purchase behavior, and expectations from the global medical tubing suppliers across various regions and countries?