Positive government outlook to avail advanced healthcare facilities along with rising expertise across medical science will proliferate the global medical tubing industry
The global medical tubing market size is anticipated to surpass USD 10 billion by 2025. Medical tubing is used across the healthcare industry for multiple applications which include catheters and drug delivery systems. It is produced through the extrusion process of materials such as TPE & TPU, polyolefin, PVC, and silicone. These tubes exhibit different thermal, mechanical, and chemical properties, which primarily depends on the material used for the production of medical tubes.
The growing presence of healthcare suppliers, increase in production volume of medical-grade plastics, along with a surge in demand for medical devices and equipment which are integrated with tubes is driving the industry growth. An increase in the rate of hospital-acquired infections along with ongoing efforts to limit the spread of contagious infections is anticipated to surge demand of the product. Furthermore, increasing health awareness along with the growing population have led to a rise in demand for healthcare products, which in turn is stimulating the industry outlook.
The report also throws light on various aspects of the global medical tubing industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the medical tubing industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global medical tubing market holds a strong competition among the well-established and new emerging players. These market players targets to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The medical tubing market is segmented into PVC, TPE & TPU, Silicone, and Polyolefin. In 2018, the polyolefin segment is anticipated to dominate the industry share and the TPE & TPU are anticipated to witness an impressive growth rate over the forecast timeframe. The ongoing shift toward
The North America region is expected to experience growth with around 8% CAGR over the forecast timeline. Ongoing growth across the healthcare industry in the region is expected to foster product demand. Furthermore, rising advancement across medical science to cure life-threatening diseases is further driving the product demand. In addition, the region is witnessing significant investment across advanced technology that extensively uses tube integrated devices owing to its multiple application will further proliferate the business outlook.
Major players operating across the medical tubing market include Saint-Gobain Performance Plastics, Nordson Corporation, Zeus Industrial Products, Teleflex, W.L.Gore & Associates, Optinova, Tekni-Plex, Putnam Plastics, Lubrizol, and Raumedic. These industry players are adopting inorganic growth strategies including mergers & acquisitions, joint ventures along with organic strategies such as regional expansion to strengthen their market presence.
Segment overview of medical tubing market
- Material Overview, 2018-2025, (USD Million and kilotons)
- TPE & TPU
- Application Overview, 2018-2025, (USD Million and kilotons)
- Drug Delivery Systems
- Catheters & Cannulas
- Bulk Disposable Tubing
- Special Applications
- Regional Overview, 2018-2025, (USD Million and kilotons)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- North America