The Medical Tubing Market Size was valued at USD 5.40 billion in 2022 and is expected to reach USD 8.61 billion by 2030, and grow at a CAGR of 6.0 % over the forecast period 2023-2030.
Medical tubing is an important part of both the medical and pharmaceutical industries, and the market for it has a lot of room to grow. Medical tubing has parts that are made of plastic, rubber, or metal. Since the market value of medical tubing is not just a number, but also because it is used a lot and the market value is going up a lot, it is important to understand what it is for. With the help of medical tubing, things like disposable catheters, Cannula, and tubing are made. The places to be are in drug delivery systems, peristaltic pumps, and blood drainage. It also comes in plastic, which is often used in medical and pharmaceutical equipment. But people in the medical tubing market have been doing a lot of research and development. As a result of the research and development, metal tubing is being made out of silicone rubber to make it more flexible and to find a better way to make metal tubing.
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Drivers:
Increase in the number of older people
Change to surgeries that aren't too invasive
Increase in Health Care Costs
Restraints:
Product development takes a long time and a lot of money.
When certain materials are used, the price of medical-grade tubing is very high.
Opportunity:
Putting more money into health care in developing countries
Through business synergies, the market can grow.
Challenge:
A strict and time-consuming way to get approval
There are strict rules about how Medical Grade Tubing can be made and sold.
Medical tubing is used for many things, like bulk disposable tubing, catheters and cannulas, drug delivery systems, and other special uses. Because of the Covid-19 pandemic, there was a rise in the use of medical devices in the medical field. Due to the pandemic, the market for medical tubing grew at a rate that had never been seen before. The need for things like breathing tubes, tubes for giving drugs, IV tubes, etc., went up. Due to how contagious the COVID-19 pandemic was, hospitals in the US made IV tubes longer so that they could be put outside of hospital rooms.
By 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
Ethylene propylene diene monomer (EPDM)
Latex
Specialty Polymers
Bioabsorbable polymer
Ethylene vinyl acetate (EVA)
By Structure:
Single-lumen
Co-extruded
Multi-lumen
Tapered or Bump tubing
Braided tubing
By Application:
Bulk disposable tubing
Catheters & cannulas
Drug delivery system
Special applications
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The huge market for Medical Tubing is spread across North America, the European Union, Asia-Pacific, Latin America, the Middle East and Africa. North America has the biggest share of the market because both the US and Canadian governments spend a lot of money on health care. Also, both private and public insurance and medical companies in the United States are known to spend a lot on health care. Also, the number of old people in both countries is growing at an alarming rate. Because the government pays for social security, America and Canada have the most well-off older populations in the world.
In 2015, America was the only country with more than 40% of the market share, and the market value in America was USD 140 billion. Robotic surgery and robotic-assisted surgery are taking off in the European Union because they reduce pain. This has led to a remarkable and respectable growth in the Medical Tubing Market. Also, Europeans tend to want to take care of serious and long-term illnesses like diabetes and incontinence at home, so they like to use easy and simple products for self-care, just like people who are getting older. The Asia-Pacific region, especially India and China, is where the market is growing quickly. This is partly because healthcare is growing so much in these areas. This is mostly because there are more and more middle-class people in India and China, and as medical technology has improved, the demand for minimally invasive techniques has gone up.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Nordson Corporation, Zeus Industrial Products, Inc., Optinova, Putnam Plastics., Fine Tubes Ltd., Davis Standard, Lubrizol Corporation, Teleflex Incorporated, RAUMEDIC AG, Saint-Gobain Performance Plastics and AP Technologies Group Pte. Ltd., and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 5.40 Billion |
| Market Size by 2030 | US$ 8.61 Billion |
| CAGR | CAGR of 6.0% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By material (Plastics, Rubbers, Specialty Polymers) • By structure (Single-lumen, Co-extruded, Multi-lumen, Tapered or Bump tubing, Braided tubing) • By application (Bulk disposable tubing, Catheters & cannulas, Drug delivery system, Special applications) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Nordson Corporation, Zeus Industrial Products, Inc., Optinova, Putnam Plastics., Fine Tubes Ltd., Davis Standard, Lubrizol Corporation, Teleflex Incorporated, RAUMEDIC AG, Saint-Gobain Performance Plastics and AP Technologies Group Pte. Ltd., and other players. |
| DRIVERS | • Increase in the number of older people • Change to surgeries that aren't too invasive • Increase in Health Care Costs |
| Restraints | • Product development takes a long time and a lot of money. • When certain materials are used, the price of medical-grade tubing is very high. |
Ans: A strict and time-consuming way to get approval and There are strict rules about how Medical Grade Tubing can be made and sold are the challenges faced by the Medical Tubing Market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Bulk disposable tubing, Catheters & cannulas, Drug delivery system and Special applications are the sub-segments of by application segment.
Ans: Putting more money into health care in developing countries and Through business synergies, the market can grow are the opportunity for Medical Tubing Market.
Ans: Medical Tubing Market Size was valued at USD 5.1 billion in 2021, and expected to reach USD 9.9 billion by 2028, and grow at a CAGR of 6.0 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Medical Tubing Market Segment, By Material
8.1 Plastics
8.1.1 Polyvinyl chloride (PVC)
8.1.2 Polyolefin
8.1.3 Polyethylene (PE)
8.1.4 Polypropylene (PP)
8.1.5 Polyamide
8.1.6 Polyterafluoroethylene (PTFE)
8.1.7 Poly ether ether ketone (PEEK)
8.1.8 Perfluoroalkoxy (PFA)
8.1.9 Polycarbonate (PC)
8.2 Rubbers
8.2.1 Thermoplastic elastomer (TPE)
8.2.2 Thermoplastic polyurethane (TPU)
8.2.3 Silicone
8.2.4 Polyurethane (PU)
8.2.5 Ethylene propylene diene monomer (EPDM)
8.2.6 Latex
8.3 Specialty Polymers
8.3.1 Bioabsorbable polymer
8.3.2 Ethylene vinyl acetate (EVA)
9.Medical Tubing Market Segment, By Structure
9.1 Single-lumen
9.2 Co-extruded
9.3 Multi-lumen
9.4 Tapered or Bump tubing
9.5 Braided tubing
10.Medical Tubing Market Segment, By application
10.1 Bulk disposable tubing
10.2 Catheters & cannulas
10.3 Drug delivery system
10.4 Special applications
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Nordson Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Nordson Corporation
12.3 Zeus Industrial Products, Inc.
12.4 Optinova
12.5 Putnam Plastics.
12.6 Fine Tubes Ltd.
12.7 Davis Standard
12.8 Lubrizol Corporation
12.9 Teleflex Incorporated
12.10 RAUMEDIC AG
12.11 Saint-Gobain Performance Plastics
12.12 AP Technologies Group Pte. Ltd.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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