Medical Tubing Market to Gain Growth at Exponential Rate During the Forecast Period 2022-2028

Posted on 2022-08-18 by researchinsights in Healthcare // 0 Comments

San Francisco, California , USA, Aug 18, 2022 — /EPR Network/ —

Medical Tubing Industry Overview

The global medical tubing market size was valued at USD 11.39 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2020 to 2028.

The rising cases of respiratory diseases, such as asthma, lung cancer, and pulmonary fibrosis, are expected to boost the product demand as it is an essential component of respiratory devices, such as ventilators, that facilitate breathing. The recent COVID-19 pandemic has led to a rise in the cases of hospitalization, which resulted in high product demand for enhanced patient care. In Intensive Care Units (ICUs), disposable medical equipment is important for patient care, resulting in the increased demand for medical tubing as it is one of the important components of various medical devices.

Gather more insights about the market drivers, restrains and growth of the Global Medical Tubing market

In the U.S., the COVID-19 virus spread rapidly in 2020 resulting in the hospitalization of a large number of the population Moreover, there was a shortage of beds in hospitals & clinics. The demand for medical tubing used in various respiratory devices is witnessing significant growth in the U.S. due to the high cases of COVID-19 disease that affects the lungs, causing pneumonia and other respiratory difficulties.

Rising awareness about hospital-acquired diseases, coupled with increasing concerns pertaining to the spread of such infections, is projected to drive the demand for disposable medical devices. The growing number of collaborations and joint ventures between various companies in the medical device sector is expected to expand the global reach of disposable medical devices, consequently boosting the market growth.

Medical tubes have become smaller and thinner as they are preferred in medical procedures, such as angioplasty, endoscopy, and drug delivery systems. Surgical instruments and suction & fluid delivery devices rely on microtubes as an integral component to operate on the patient organ or tissue. The medical tubing industry is expected to remain highly competitive in the future as there is tremendous pressure on enterprises in this sector to develop high-quality solutions.

Plastics play an important role in the production of medical tubes, such as conduits for acquiring biopsy samples, vascular catheters, and stent holders, due to their inertness to body fluids and tissues, resistance to sterilization conditions, low cost for high volume applications, and higher optical properties. Thus, medical tubes made of plastics are witnessing increased adoption in medical devices.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

Returnable Packaging Market – The global returnable packaging market size was valued at USD 103.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030.
Hermetic Packaging Market – The global hermetic packaging market size was valued at USD 3.47 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.

Medical Tubing Market Segmentation

Grand View Research has segmented the global medical tubing market on the basis of product, application, and region:

Medical Tubing Product (Revenue, USD Million, 2017 – 2028)
- Silicone
- Polyolefins
- Polyvinyl Chloride (PVC)
- Polycarbonates
- Fluoropolymers
- Others
Medical Tubing Application Outlook (Revenue, USD Million, 2017 – 2028)
- Bulk Disposable Tubing
- Drug Delivery Systems
- Catheters
- Biopharmaceutical Laboratory Equipment
- Others
Medical Tubing Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa

Key Companies profiled:

Some prominent players in the global Medical Tubing market 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.

Order a free sample PDF of the Medical Tubing Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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