The Global Medical Tubing Market Size Is Expected To Grow From USD 4.9 Billion In 2022 To USD 7.9 Billion In 2030, At A CAGR Of 10.0% From 2023 To 2030.

Medical Tubing Market Overview:

Medical tubing is used in several medical or pharmaceutical related applications in the medical industry to meet their requirements and standards. It is used to manage drainage and fluids. Medical tubing is also used in respiratory and anesthesia equipment, IVs, catheters, peristaltic pumps and biological Pharmaceutical laboratory equipment.Since medical tubing is directly applicable to the human body, its manufacture requires certain certifications and standard procedures.Medical tubing is made of specific materials that meet the required specifications.Importance of minimally invasive medicine compared to conventional surgery Surgical procedures are increasing as they ensure benefits such as fast recovery time, low cost and short hospital stay.Furthermore, there is an increasing prevalence of diseases such as arthritis, cancer and cardiovascular diseases which require complex surgeries treatment, increasing the demand for minimally invasive procedures. This increases the demand for plastic polymers, which are well suited for catheters and medical tubing. Moreover, medical tubing ensures efficient operation and reduces time consumption.

For example, the use of catheters for cardiac and urinary catheterizations can significantly reduce the time required for related medical or surgical procedures. Hence, the increasing demand for minimally invasive medical procedures and the need to improve the efficiency of this procedure play an important role in driving the demand for medical tubing. Manufacturing medical tubing requires significant investment and time. Delays in regulatory approvals increase the overall development process, thereby leading to a decline in technological investments in medical product development.

Medical Tubing market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Medical Tubing market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In 2017, Nordson Corporation acquired the Medical Advanced Technologies business of Vention (USA), a manufacturer, designer and developer of catheters, medical catheters and medical devices.
• In June 2021, Zeus acquired contract manufacturer CathX Medical. Cathy provides catheter design, engineering and manufacturing. With this acquisition, Zeus gains a contract manufacturing foothold in the medical device market.

Major Market Segments Covered in Medical Tubing Industry Research:

Market Key Players:
Saint-Gobain Performance Plastics, W.L.Gore & Associates, Teleflex, Nordson Corporation, B. Braun, Freudenberg Group, Zeus Industrial Products, Raumedic, Tekni-Plex, Lubrizol (Vesta), MDC Industries, FBK Medical Tubing, Inc., Putnam Plastics, LVD Biotech, Teel Plastics Inc., Ap Technologies, Microlumen, A.P. Extrusion, Polyzen, Optinova, And Others.

Based on the material:

• Plastics
  • Polyvinyl chloride (PVC)
  • Polyolefin
    • Polyethylene (PE)
    • Polypropylene (PP)
  • Polyamide
  • Polyterafluoroethylene (PTFE)
  • Poly ether ether ketone (PEEK)
  • Perfluoroalkoxy (PFA)
  • Polycarbonate (PC)
• Rubbers
  • Thermoplastic elastomer (TPE)
  • Thermoplastic polyurethane (TPU)
  • Silicone
  • Polyurethane (PU)
  • Ethylene propylene diene monomer (EPDM)
  • Latex
• Specialty Polymers
  • Bioabsorbable polymer
  • Ethylene vinyl acetate (EVA)

Based on the structure

• Single-lumen
• Co-extruded
• Multi-lumen
• Tapered or Bump tubing
• Braided tubing

Based on the application:

• Bulk disposable tubing
• Catheters & cannulas
• Drug delivery system
• Special applications

By Region:

North America will lead the market and account for 37.8% of the global revenue share in 2021, owing to its country's industrial dynamics and commodity abundance, presence of large geriatric population, advanced healthcare infrastructure, and relatively high patient population in countries such as the U.S. and Canada The level of disposable income, are some of the important drivers of the healthcare industry in the region.

Well-established medical infrastructure and rising healthcare expenditure are expected to drive product demand in Europe. Steady demand for minimally invasive and diagnostic devices using medical tubing is also expected to drive market growth over the forecast period. Asia Pacific is estimated to be the fastest growing region owing to rising demand for better healthcare products, which has prompted medical device manufacturers to emphasize on developing innovative approaches to reach a wider population. Furthermore, rising demand for minimally invasive procedures and rising geriatric population are factors driving the demand for healthcare services.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Driver:

The geriatric population significantly drives the demand for medical devices containing tubing, thereby driving the medical tubing market. According to the United Nations (UN) 2020 World Population Aging Report, there are an estimated 727 million people aged 65 or over globally. This number is expected to double by 2050.

Most of the increase in aging populations is recorded in developing regions, while it is more modest in developed regions. China, India, the United States, Indonesia, Brazil, and Nigeria are projected to be the most populous countries by 2050. As healthcare systems improve, life expectancy increases in these countries. This demographic trend will increase the demand for portable, lightweight medical equipment and tubing. The use of devices such as home care devices, patient monitoring devices, and enteral tube feeding devices will show rapid growth in these regions. The demand for tubing and equipment related to cardiovascular and respiratory diseases is also expected to increase.

Restraints: 

The manufacturing process of medical tubing requires high investment and long time. Delays in regulatory approvals increase the overall development process, thereby leading to a decline in technological investments in medical product development. The market is undergoing continuous product innovation to avoid technical and biocompatibility issues, which incurs additional cost and time. For example, selecting the ideal polymer for a specific medical application and carefully studying the application area of each polymer in medical tubing is essential, requiring extensive research and development and technical expertise.

Different polymers and medical devices require different approval procedures, which may require different approval times. For example, future FDA regulations may become more complex and expensive, which could increase the time it takes for medical device approval. Regulatory approval processes also vary by region, making it difficult for manufacturers to commercialize and market products.

Opportunity:

The global healthcare industry is expected to grow rapidly over the next five years. Growth rates are expected to be lower in the Asia-Pacific region, while Brazil, Russia, India, China and South Africa (BRICS) are the fastest growing economies globally. The healthcare industry in developing countries is growing rapidly due to changing customer needs, rising healthcare awareness, and rising aging population, which offers many opportunities for medical tubing in the healthcare and medical device industry. The growth of the developing country market is mainly due to economic growth, increasing government spending on healthcare facilities, and increasing purchasing power of consumers. Therefore, the overall development of medical infrastructure and increased investment is a major opportunity for the medical tubing market.

Challenge:

Strict and time-consuming regulatory policies hinder the commercialization of medical products. Regulatory agencies such as the Food and Drug Administration (FDA), the National Science Foundation (NSF), the Drug Administration (DA) and the Center for Devices and Radiological Health (CDRH) have established regulations for the production of medical tubing as part of the safety and prevention of health hazards to these Tubes are important because they are in direct contact with the body.

Medical Tubing Market report scope:

Crucial Points from this Medical Tubing Report

• Estimate Medical Tubing market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Medical Tubing market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Medical Tubing market?

The Medical Tubing Market is growing at a CAGR of 10% During Forecast Period.

 What are the key types of Medical Tubing market?

PVC, Polyolefin, TPE & TPU, Silicone, Other,

What are the key applications of Medical Tubing market?

Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, Other      

Who are the key players in Medical Tubing market?

Saint-Gobain Performance Plastics, W.L.Gore & Associates, Teleflex, Nordson Corporation, B. Braun, Freudenberg Group, Zeus Industrial Products, Raumedic, Tekni-Plex, Lubrizol (Vesta), MDC Industries, FBK Medical Tubing, Inc., Putnam Plastics, LVD Biotech, Teel Plastics Inc., Ap Technologies, Microlumen, A.P. Extrusion, Polyzen, Optinova, And others.