February 12, 2021
According to the latest research report titled ‘Global Medical Tubing Market Analysis, 2020’, available with Market Study Report LLC, worldwide medical tubing market is anticipated to grow with a CAGR of 7.5% over 2020-2025.
Burgeoning chronic ailments cases including diabetes, cancer, arthritis, and CVD (cardiovascular diseases), in consort with improving healthcare infrastructures, and rising government subsidy for medical procedures are propelling the growth of global medical tubing market. Notably, these tubing are manufactured from polymers using extrusion process.
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Amplifying consumer healthcare cognizance, coupled with surging demand for high quality tubing material from medical device manufacturers is also stimulating the market outlook. Moreover, the Covid-19 pandemic leading to rise in respiratory disorders, and huge base of geriatric population susceptible to this virus and other health conditions are further bolstering the demand for medical tubing.
Based on type, worldwide medical tubing market is classified into heat shrink, braided, co-extruded, multi-lumen, single-lumen, and others (balloon tubing).
Speaking of material terrain, the industry is segmented into polyolefins (polypropylene, polyethylene), polyamide, silicone, thermoplastic polyurethane, thermoplastic elastomer, polyvinyl chloride, and others (fluoropolymers, polyether ether ketone).
The report cites that silicone segment accounted for substantial portion of global medical tubing industry share in the past year, owing to material characteristics such as chemical resistance, semi-permeability to specific materials, high dielectric strength, and superior flexibility. Meanwhile, polyolefins segment is slated to gain modest traction over the ensuing years, attributable to exceptional mechanical endurance which favors material usage in manufacture of medical-grade heat shrink tubing.
Moving on to applications of medical tubing, the list ranges from catheters (urinary catheters, IV catheters, cardiovascular catheters), drug delivery system, cannulas, disposable tubing (intravenous tubing, dialysis tubing), biopharma laboratory equipment, and special applications (gas supply tubing, feeding tubes, peristaltic pump tubing, smoke evacuation tubing).
Various regional contributing towards global medical tubing market remuneration are Asia Pacific, Europe, North America, Middle East & Africa, and South America.
Companies influencing the worldwide medical tubing industry dynamics are TE Connectivity, MDC Industries Ltd., Freudenberg Medical LLC, Spectrum Medical Ltd., Bentec Medical Inc., Trelleborg AB, MicroLumen Inc., Tekni-Plex Inc., Raumedic AG, Putnam Plastics Corp., Nordson Corp., Lubrizol Life Science, Optinova Group, Compagnie de Saint-Gobain S.A., and Zeus Industrial Products Inc.