Global Medical Tubing Market is valued at USD 13.04 billion in 2022 and is projected to reach a value of USD 22.41 billion in 2030 expanding at a CAGR of 7.00% over the forecast period of 2022-2030.
Medical tubing is defined as the tubing that meets medical industry requirements and also the standards for a variety of medical or pharmaceutical related applications.
Medical tubing is used for fluid management, drainage, and also with anaesthesiology as well as respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment.
The market is primarily being driven by increased access to healthcare supplies on a global scale, the ease of obtaining medical-grade plastics at affordable prices, and rising demand for tubing-integrated medical devices. The demand for disposable medical equipment is expected to rise as people’s awareness of hospital-acquired infections (HAIs) and concerns about the spread of these illnesses rise. The market is anticipated to be driven by expanding strategic collaborations within the global medical equipment industry.
Medical equipment OEMs are developing new designs and materials to improve the performance of the devices in order to compete in the quickly developing medical equipment market. OEMs call for medical tubing solutions that are simpler to replace and lower the risk of infection and drug contamination. Key manufacturers provide a wide range of customised tubes, including braided, balloon, and multi-layer tubes, to fulfil the various needs of end customers. To expand production capacity, major manufacturers are establishing new factories.
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Segmental Analysis
Based On Product:
• Silicone
• Polyolefin
• Polyvinyl Chloride
• Polycarbonates
• Fluoropolymers
• Others
Based On Application:
• Bulk Disposable Tubing
• Drug Delivery Systems
• Catheters
• Biopharmaceutical Laboratory Equipment
• Others
Competitive Landscape
Some of the prominent companies operating in the market are Asahi Tec Corp.; MDC Industries; Nordson Corp.; ZARYS International Group; Hitachi Cable America, Inc.; NewAge Industries, Inc.; TE Connectivity; Freudenberg & Co. KG; Spectrum Plastics Group; ATAG SpA; Saint-Gobain; Bentec Medical; Trelleborg AB; MicroLumen, Inc.; Optinova; Vanguard Products Corp.
Segments Covered: Product, Application, Region
Regions Covered: North America, Europe, Asia Pacific, South America, And Middle East And Africa.
Companies covered- Asahi Tec Corp.; MDC Industries; Nordson Corp.; ZARYS International Group; Hitachi Cable America, Inc.; NewAge Industries, Inc.; TE Connectivity; Freudenberg & Co. KG; Spectrum Plastics Group; ATAG SpA; Saint-Gobain; Bentec Medical; Trelleborg AB; MicroLumen, Inc.; Optinova; Vanguard Products Corp.
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FAQs:
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