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Global Medical Tubing Market Insight
2022-02-23 Comments

The Medical Tubing is forecast to fast increase over the next few years.According to the WK-chem Research “Global Medical Tubing Professional Survey Report 2022, Forecast to 2027”, Medical tubing is an essential component for both the pharmaceutical and medical industries & the medical tubing market has a huge potential. Components that include medical tubing consist of plastic, rubber, or metal. Since the medical tubing market value revenue is not just a number but there is a huge usage & hence medical tubing market value is on a significant rise it is significant to know the use of medical tubing. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 10.0 % base on WK-chem Research regression analysis modl.

Analysts’ Viewpoint:

“Due to the rapid spread of the COVID-19 virus, a large number of people have been hospitalized. It is suggested that there should be increased cooperation and joint venture actions among various medical device manufacturers, which is expected to expand the global influence of disposable medical devices, thereby driving the market growth.” Said Lisa , Senior analyst, Chemical industry Market Research Center in WK-chem Research.

Market insight:

The geriatric population significantly has driven the need for medical devices that incorporate tubing, thus driving the medical tubing market. The majority of the growth in the aging population is recorded in the developing regions, while it is moderate in developed regions. This demographic trend will increase the demand for portable, lightweight medical devices and tubing. The use of devices such as home care equipment, patient monitoring equipment, and enteral tube feeding equipment will show a rapid growth rate in these regions. The need for tubing and equipment related to cardiovascular and respiratory diseases is also forecast to increase. The healthcare industry in developing countries is undergoing rapid developments because of changes in customer requirements, increasing healthcare awareness, and rising aging populations, which provide many opportunities for medical tubing in the healthcare and medical device industries. The market in developing countries is growing mainly because of economic growth, increased spending by respective governments on healthcare facilities, and increased purchasing power of consumers. Therefore, overall development and increasing investment in healthcare infrastructure is a major opportunity for the medical tubing market.
The manufacturing process of medical tubing requires high investments and longer time. Delay in regulatory approvals increases the overall development procedure, thus causing a decline in investment in medical product development technology. The market is undergoing continuous product innovation to avoid technical and biocompatibility issues, which incur more costs and time. For example, selecting the ideal polymer for a particular medical application and scrutinizing the application areas for each polymer in medical tubing is essential, which requires intense R&D and technical expertise. Different polymers and medical devices require varying approval processes, which may require different approval time. For instance, FDA regulations are likely to become more complicated and expensive in the future, which may increase the time required for the approval of medical devices. The regulatory approval processes also differ from one region to another, making the commercialization and marketing of products difficult for manufacturers.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Medical Tubing companies that include 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.

Segmentation of Medical Tubing Market:

On the basis of type, the global medical tubing market can be segmented into Polyvinyl Chloride (PVC), Thermoplastic Polyurethane (TPU), Thermoplastic Elastomer (TPE), Polyolefins, Silicone, Others. The silicone medical tubing segment is projected to grow at a rapid pace due to excellent sterilization and microwave properties. Silicone is a specialty high-performance material used in various industries. It is made by reacting silicon with methyl chloride, and further with water, which removes chlorine atoms. These reactions produce a polymer that is resistant to high & low temperatures making it ideal for use in the medical & healthcare industries. On the basis of application, the market is bifurcated into Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, and Special Applications. The bulk disposable tubing segment is anticipated to dominate the global market as bulk disposable systems make extensive use of medical devices. The demand for diagnostic equipment is observing an ascend in order to help detect diseases in the initial stages and mitigate treatment costs. Moreover, rising emphasis on preventing the spread of infection from one patient to another is expected to drive segment growth.
Medical Tubing Market: Regional Analysis

In terms of geography, the Global Medical Tubing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to continue to play a leading role in medical tubing research and development as the United States has kept its R&D tax credit low. In addition, several companies, small and large are driving innovation in the healthcare sector in order to provide healthy lifestyles and provide innovative treatments and devices.

Cagr: 10.0 %
Largest share area:North America
Largest share country:the United States
Product Type:Polyvinyl Chloride (PVC), Thermoplastic Polyurethane (TPU), Thermoplastic Elastomer (TPE), Polyolefins, Silicone, Others
Application:Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, and Special Applications
Leading Company:Asahi Tec Corp.; MDC Industries; Nordson Corp.; ZARYS International Group; Hitachi Cable America, Inc.