Medical Tubing Market by Material (Plastics, Rubbers, Specialty Polymers), Structure (Braided Tubing, Co-extruded, Multi-lumen), Product, Application - Global Forecast 2024-2030
Description
Medical Tubing Market by Material (Plastics, Rubbers, Specialty Polymers), Structure (Braided Tubing, Co-extruded, Multi-lumen), Product, Application - Global Forecast 2024-2030
The Medical Tubing Market size was estimated at USD 6.90 billion in 2023 and expected to reach USD 7.70 billion in 2024, at a CAGR 11.82% to reach USD 15.09 billion by 2030.
The medical tubing market comprises the production, distribution, and application of specialized tubes designed for use in medical devices and healthcare settings. These tubes are made from silicone, Polyvinyl chloride (PVC), polyurethane, fluoropolymers, thermoplastic elastomers, and polyolefins. These medical tubes are used for various applications, including drug delivery systems, catheters & cannulas, diagnostic equipment & imaging devices, ventilators & respiratory therapy equipment, peristaltic pumps, and other specialized medical procedures. The increasing aging population with increasing chronic illnesses and advancements in minimally invasive surgical procedures and diagnostic tools require flexible medical tubing. Moreover, increasing demand for eco-friendly materials such as biopolymers or biodegradable plastics can create opportunities for developing sustainable solutions. However, stringent government regulations and quality control standards, prolonged approval processes, and fluctuations in raw material prices are restricting the growth of the medical tubing market. Furthermore, developments such as bioresorbable tubing and ongoing innovation in antimicrobial tubing, preventing infection, and enhancing patient safety are expected to create lucrative opportunities for the medical tubing market.
Regional Insights
The Americas region is characterized by the presence of major biotechnological and medical manufacturers and institutes, which has driven the demand for medical tubing. The region also experiences high demand for various applications in the healthcare sector, such as drug delivery systems, catheters, endoscopy devices, and dialysis equipment. The U.S. has witnessed several investments in research and development activities for advanced medical tubing materials that are bioresorbable or thermoplastic elastomers. Central American nations are characterized by the installation and expansion of medical tubing extrusion lines and medical manufacturing hubs that cater to the rising demand for medical tubing. In Europe, the EU countries have stringent regulations on medical device manufacturing that influence the quality of medical tubing. The European nations push for innovative solutions such as antimicrobial coatings or anti-thrombogenic surface modifications to enhance safety standards. Furthermore, the highly collaborative research environment in countries such as the UK, Germany, and France leads to continuous innovation in medical tubing materials. In the Asia-Pacific region, rapid economic growth and expanding healthcare infrastructures contribute to an increased demand for advanced medical tubing products. The government focuses on improving public healthcare by investing in hospitals and clinics equipped with modern technologies capable of carrying out advanced treatments, fueling the rapid growth of medical tubing products.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Medical Tubing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing Consciousness about Hospital-Acquired Infections (HAIs) along with the Growing Incidence of Congenital Heart Defects
- Growing Awareness and Government Initiatives to Provide High-Quality Healthcare Facilities
- Rising Expenditure towards Healthcare Infrastructure
- Market Restraints
- Significant Investments and Time Required for Product Development
- Market Opportunities
- Advancements and Customization of Polymers and Tubing Structure
- Adoption of Strategic Investments in Emerging Healthcare Economies
- Market Challenges
- Stringent Government Regulations and Time Taking Product Approvals
- Market Segmentation Analysis
- Material: Wide preference for plastic medical tubing due to its flexibility, biocompatibility, and chemical resistance properties
- Structure: Ability of medical tubing to support diverse medical requirements
- Product: Advancements in medical tubing facilitating the development of products
- Application: Utilization of medical tubing in various medical, research, and healthcare applications
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Medical Tubing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Medical Tubing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- DuPont Completes Acquisition of Spectrum Plastics Group
DuPont finalized its acquisition of Spectrum Plastics Group, a player in the specialty medical devices and components markets. This strategic integration is expected to leverage the collective expertise of both companies, resulting in improved capabilities and expanded customer support to meet the most critical project requirements.
TekniPlex Healthcare Installs Medical Tubing Extrusion Lines in Costa Rica
TekniPlex Healthcare announced strategic investments in its Costa Rica facility to enhance its medical tubing capabilities. The expansion includes the addition of new medical tubing extrusion lines and downstream equipment, effectively doubling the company's capacity for micro-extrusions, quad tubes, thermally bonded para tubing, and complex drug-delivery applications. With the implementation of a continuous closed-loop feedback extrusion system, TekniPlex Healthcare is expected to achieve tighter tolerances at high manufacturing speeds, ensuring superior quality and efficiency.
Freudenberg Medical Extends Medical Tubing Production to Massachusetts
Freudenberg Medical, a contract design and manufacturing provider to the medical device and pharmaceutical industry, expanded its cleanroom manufacturing operation in Beverly, Massachusetts, to offer custom silicone extrusion and tube processing. The focus is on platinum-catalyzed addition-cured silicones that meet stringent quality standards for medical and pharmaceutical applications. With expertise in custom tubing, including multi-lumen, complex single-lumen, and micro extrusions, Freudenberg Medical aims to reduce customer supply chain risks.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Medical Tubing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Medical Tubing Market, highlighting leading vendors and their innovative profiles. These include A.P. Extrusion Incorporated, Accu-Tube LLC, Angiplast Pvt. Ltd., Asahi Tec Corporation by Topy Industries, Inc., Compagnie de Saint-Gobain S.A., DUKE Extrusion, Eldon James Corporation, Elkem ASA, Freelin-Wade Company by Coilhose Pneumatics, Inc., Freudenberg & Co. KG, Hitachi Cable America Inc., Ico Rally, Integer Holdings Corporation, Inter Primo A/S, Kent Elastomer Products, Inc., LVD Biotech, MDC Industries Ltd., Microlumen, Inc., Mistubishi Chemical Corporation, NewAge Industries, Inc., Nordson Corporation, Optima International AB, Optinova Group, Parker-Hannifin Corporation, Putnam Plastics Corporation, Qosina Corp., Raumedic AG, Tekni-Plex, Inc., Trelleborg AB, and Zarys International Group.
Market Segmentation & Coverage
This research report categorizes the Medical Tubing Market to forecast the revenues and analyze trends in each of the following sub-markets:- Material
- Plastics
- Perfluoroalkoxy
- Poly ether ether ketone
- Polyamide
- Polycarbonate
- Polyolefin
- Polyethylene
- Polypropylene
- Polyterafluoroethylene
- Polyvinyl chloride
- Rubbers
- Ethylene Propylene Diene Monomer
- Latex
- Polyurethane
- Silicone
- Thermoplastic elastomer
- Thermoplastic polyurethane
- Specialty Polymers
- Bio-absorbable polymer
- Ethylene Vinyl Acetate
- Structure
- Braided Tubing
- Co-extruded
- Multi-lumen
- Single-lumen
- Tapered or Bump Tubing
- Product
- Airway Tube
- Blood Transfusion Set
- Corrugated Breathing Tubes
- Dialysis Tubing
- Douche Tube
- Duodenal Tube
- Feeding Tube
- Infusion Sets
- Rectal Tube
- Stomach Tube
- Surgical Tubes
- Tracheostomy Tube
- Application
- Bulk Disposable Tubing
- Catheters & Cannulas
- Drug Delivery System
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Plastics
- Market Drivers
Table of Contents
193 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing Consciousness about Hospital-Acquired Infections (HAIs) along with the Growing Incidence of Congenital Heart Defects
- 5.1.1.2. Growing Awareness and Government Initiatives to Provide High-Quality Healthcare Facilities
- 5.1.1.3. Rising Expenditure towards Healthcare Infrastructure
- 5.1.2. Restraints
- 5.1.2.1. Significant Investments and Time Required for Product Development
- 5.1.3. Opportunities
- 5.1.3.1. Advancements and Customization of Polymers and Tubing Structure
- 5.1.3.2. Adoption of Strategic Investments in Emerging Healthcare Economies
- 5.1.4. Challenges
- 5.1.4.1. Stringent Government Regulations and Time Taking Product Approvals
- 5.2. Market Segmentation Analysis
- 5.2.1. Material: Wide preference for plastic medical tubing due to its flexibility, biocompatibility, and chemical resistance properties
- 5.2.2. Structure: Ability of medical tubing to support diverse medical requirements
- 5.2.3. Product: Advancements in medical tubing facilitating the development of products
- 5.2.4. Application: Utilization of medical tubing in various medical, research, and healthcare applications
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Trade Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 6. Medical Tubing Market, by Material
- 6.1. Introduction
- 6.2. Plastics
- 6.3. Rubbers
- 6.4. Specialty Polymers
- 7. Medical Tubing Market, by Structure
- 7.1. Introduction
- 7.2. Braided Tubing
- 7.3. Co-extruded
- 7.4. Multi-lumen
- 7.5. Single-lumen
- 7.6. Tapered or Bump Tubing
- 8. Medical Tubing Market, by Product
- 8.1. Introduction
- 8.2. Airway Tube
- 8.3. Blood Transfusion Set
- 8.4. Corrugated Breathing Tubes
- 8.5. Dialysis Tubing
- 8.6. Douche Tube
- 8.7. Duodenal Tube
- 8.8. Feeding Tube
- 8.9. Infusion Sets
- 8.10. Rectal Tube
- 8.11. Stomach Tube
- 8.12. Surgical Tubes
- 8.13. Tracheostomy Tube
- 9. Medical Tubing Market, by Application
- 9.1. Introduction
- 9.2. Bulk Disposable Tubing
- 9.3. Catheters & Cannulas
- 9.4. Drug Delivery System
- 10. Americas Medical Tubing Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Medical Tubing Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Medical Tubing Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. DuPont Completes Acquisition of Spectrum Plastics Group
- 13.3.2. TekniPlex Healthcare Installs Medical Tubing Extrusion Lines in Costa Rica
- 13.3.3. Freudenberg Medical Extends Medical Tubing Production to Massachusetts
- 13.4. Strategy Analysis & Recommendation
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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