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.
Get more information on Medical Tubing Market - Request Sample Report
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
.png)
Get Customized Report as per your Business Requirement - Request For Customized Report
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Industrial Foam Market Size was valued at USD 63.25 Bn in 2023 and is expected to reach USD 102.41 Bn by 2032 and grow at a CAGR of 5.50% by 2024-2032
The Polyurea Coatings Market Size was valued at USD 1.6 billion in 2023, and is expected to reach USD 4.7 billion by 2032, and grow at a CAGR of 12.5% over the forecast period 2024-2032.
The Sodium Nitrite Market size was valued at 423 USD million in 2022 and is expected to grow to 574.46 USD million by 2030 and grow at a CAGR of 3.9% over the forecast period of 2023-2030.
Explore the Specialty Oleochemicals Market, focusing on applications in personal care, pharmaceuticals, and industrial sectors. Learn about trends in bio-based chemicals, sustainability, and rising demand for specialty oleochemicals in cosmetics and food
Thermoelectric Materials Market was valued at USD 0.67 billion in 2023 and is expected to reach USD 1.77 billion by 2032, growing at a CAGR of 11.49% from 2024-2032.
The Liquid Ring Vacuum Pumps Market Size was valued at USD 1.21 billion in 2023 and is expected to reach USD 1.91 billion by 2032 and grow at a CAGR of 5.20% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
