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From USD 4.76 billion in 2021, the global medical tubing market size will reach USD 8.5 billion by 2027. It will exhibit a 10.2% CAGR during the forecast period. Factors attributing to the growth of the medical tubing market include the rising geriatric population, increased adoption of minimally invasive medical procedures and single-use gadgets, rising demand for medical devices which include tubing, and increased initiatives by the government to enhance healthcare facilities will proliferate the growth of the global medical tubing market.
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Moreover, rising cases of cardiovascular diseases, arthritis, and cancer along with rising demand for reliable, durable, and low-cost tubes will influence the market growth for the global medical tubing industry. The increasing number of collaborations and joint ventures between medical device businesses is likely to broaden the global reach of disposable medical devices, hence promoting market growth of the global medical tubing market. Nevertheless, the rising cases of osteoporosis will create market opportunities for the medical tubing industry.
COVID-19 Pandemic:
The COVID-19 pandemic had a positive impact on the global medical tubing market owing to increased demand for medical-grade tubing like drug delivery tubes, nebulizers, respiratory tubes, nasogastric tubes, etc.
Market Segmentation:
The global medical tubing market is segmented into bulk disposable tubing, catheters, cannulas, drug delivery systems, and specialty chemicals, based on application. Catheters and cannulas is anticipated to have a significant share during the forecast period as it offer several benefits like a decrease in pain, safety, and less bruising. Catheters are preferred choice by medical professionals so as to accurately measure urine output in critically ill patients.
Market Coverage:
By Material
By Structure
By Application
Regional Analysis:
The most appealing regions for medical tubing manufacturers are North America and the Asia Pacific. North America is a mature market, whereas Asia Pacific’s emerging economies are expected to thrive due to the massive development opportunities offered by China and India.
Asia-Pacific is anticipated to grow fast in the medical tubing industry owing to increased health awareness about the advantages associated with prevention and wellness in patients and develop innovative and cost-effective medical tubing solutions, thereby propelling the market growth of the global medical tubing industry.
Recent News:
In February 2022, HelixFlexTM, a high purity thermoplastic elastomer TPE tubing designed for use in pharmaceutical and biopharmaceutical applications, has been introduced by Freudenberg Medical, a manufacturer of medical and pharmaceutical equipment, components, and tubing. Freudenberg’s existing pharma product line of silicone tubing and fluid transfer solutions for bioprocessing, drug and vaccine manufacturing, filling and sampling, peristaltic pumping, laboratory, and medical device applications has been enhanced with this new offering.
TPE tubing is perfect for pharmaceutical bioprocessing applications because it can be welded to existing tubing lines and heat-sealed to enable easy, rapid, and safe fluid handling, transport, and transfer. Freudenberg TPE tubing can be sterilised using a variety of methods, including autoclave, gamma irradiation, x-ray, and e-beam. TPE tubing is also more environmentally friendly and can be recycled.
Key Players:
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