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Medical Tubing Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 150 Pages
SKU # FOB19185799

Description

Medical Tubing Market



Growth Factors of Medical Tubing Market

The medical tubing market size was valued at USD 8.04 billion in 2023, and the market is now projected to grow from USD 8.52 billion in 2024 to USD 14.22 billion by 2032, exhibiting a CAGR of 6.6% during the forecast period of 2024-2032.

The medical tubing market growth on the global level remained stagnant with a very low growth rate due to the impacts of coronavirus. However, there was an increase in the need for disposable tubes in mass quantities and increasing trends in catheterization which were the strengths and driving forces that supported the market in this period. This meant that the demand for these medical supplies increased consequently boosting the market growth in 2020 despite the negative impacts of the pandemic on the economy.

Health conditions such as cardiovascular diseases, urological problems and cancer diseases due to the growing population as well as life expectancy, high obesity levels and increased alcohol consumption, all clamor for medical tubing market share. Therefore these tubes offer safety, efficiency and backup for minimally invasive interventional procedures, their application in diagnosing and therapeutic procedures is expected to boost the market's growth during the given forecast period.

In addition, advancement in technology particularly in the field of material science in the areas known as Thermoplastic Elastomers (TPE) and Thermoplastic Polyurethane(TPU) is boosting the advancements in medical tubing. Such materials offer more flexibility, longer product life and reduced incidences of tubing kinking while maintaining biocompatibility and patient care.

Comprehensive Analysis of Medical Tubing Market

The medical tubing and healthcare industries are increasing, driven by strategic market segmentation. This expansion enables comprehensive regional assessments that consider key supply and demand dynamics influencing the medical device benefit management sector. These segmentations are arranged systematically to improve the market intelligence in terms by material, by application, by indication, and by end users. The material include, Polyvinyl Chloride (PVC), Silicone, Polyolefin, Thermoplastic Elastomers (TPE), and Others. Secondly, application include Bulk Disposable Tubing, Catheterization, Drug Delivery Systems, and Others. Thirdly, indication include, Cardiovascular, Respiratory, Urological, and Others. At last, the end users include Hospitals & ASCs, Aged Care Centers/Nursing Homes, and Others.

North America led the market with a revenue of USD 3.67 billion in 2023 due to a rise in cancer occurrences. Cancer treatment also entails the use of medical tubing for enteral and parenteral nutrition, intravenous therapy and innumerable biomedical uses. With such a trended increase in demand, the market in this region is positively influenced.

The major players contribute significantly to the growth of the healthcare industry, contributing towards determining market trends. These players include, Nordson Corporation (U.S.), Saint-Gobain (France), Freudenberg Medical (U.S.), The Lubrizol Corporation (U.S.), TE Connectivity (Switzerland), Elkem ASA (Norway), RAUMEDIC AG (U.S.), Teknor Apex (U.S.) and Spectrum Plastics Group (Georgia). These market players provide a level-playing competitive landscape.

In January 2023, Cobalt Polymers is a leading manufacturer of medical device heat shrinks tubing. The company partnered with HnG Medical for the distribution of its tube products in Asia.

Segmentation Table

Global Medical Tubing Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 6.6% from 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Material, Application, Indication, End-user and Region

By Material - Polyvinyl Chloride (PVC)

- Silicone

- Polyolefin

- Thermoplastic Elastomers (TPE)

- Others

By Application - Bulk Disposable Tubing

- Catheterization

- Drug Delivery Systems

- Others

By Indication - Cardiovascular

- Respiratory

- Urological

- Others

By End-user - Hospitals & ASCs

- Aged Care Centers/Nursing Homes

- Others

By Region - North America (By Material, Application, Indication, End-user, and Country)
  • U.S.
  • Canada
- Europe (By Material, Application, Indication, End-user, and Country/Sub-region)
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Scandinavia
  • Rest of Europe
- Asia Pacific (By Material, Application, Indication, End-user, and Country/Sub-region)
  • India
  • China
  • Japan
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
- Latin America (By Material, Application, Indication, End-user, and Country/Sub-region)
  • Brazil
  • Mexico
  • Rest of Latin America
- Middle East and Africa (By Material, Application, Indication, End-user, and Country/Sub-region)
  • South Africa
  • GCC
- Rest of the Middle East & Africa


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Table of Contents

150 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Increasing Prevalence of Chronic Diseases - by Key Countries/ Regions, 2023
4.2. New Product Launches – by Key Players
4.3. Key Industry Developments (Mergers, Acquisitions, Partnerships, etc.)
4.4. Impact of COVID-19 on the Market
5. Global Medical Tubing Market Analysis, Insights and Forecast, 2019-2032
5.1. Market Analysis, Insights and Forecast – By Material
5.1.1. Polyvinyl Chloride (PVC)
5.1.2. Silicone
5.1.3. Polyoelfin
5.1.4. Thermoplastic Elastomers (TPE)
5.1.5. Others
5.2. Market Analysis, Insights and Forecast – By Application
5.2.1. Bulk Disposable Tubing
5.2.2. Catheterization
5.2.3. Drug Delivery Systems
5.2.4. Others
5.3. Market Analysis, Insights and Forecast – By Indication
5.3.1. Cardiovascular
5.3.2. Respiratory
5.3.3. Urological
5.3.4. Others
5.4. Market Analysis, Insights and Forecast – By End-user
5.4.1. Hospitals & ASCs
5.4.2. Aged Care Centers/Nursing Homes
5.4.3. Others
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East Africa
6. North America Medical Tubing Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast – By Material
6.1.1. Polyvinyl Chloride (PVC)
6.1.2. Silicone
6.1.3. Polyoelfin
6.1.4. Thermoplastic Elastomers (TPE)
6.1.5. Others
6.2. Market Analysis, Insights and Forecast – By Application
6.2.1. Bulk Disposable Tubing
6.2.2. Catheterization
6.2.3. Drug Delivery Systems
6.2.4. Others
6.3. Market Analysis, Insights and Forecast – By Indication
6.3.1. Cardiovascular
6.3.2. Respiratory
6.3.3. Urological
6.3.4. Others
6.4. Market Analysis, Insights and Forecast – By End-user
6.4.1. Hospitals & ASCs
6.4.2. Aged Care Centers/Nursing Homes
6.4.3. Others
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Medical Tubing Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast – By Material
7.1.1. Polyvinyl Chloride (PVC)
7.1.2. Silicone
7.1.3. Polyoelfin
7.1.4. Thermoplastic Elastomers (TPE)
7.1.5. Others
7.2. Market Analysis, Insights and Forecast – By Application
7.2.1. Bulk Disposable Tubing
7.2.2. Catheterization
7.2.3. Drug Delivery Systems
7.2.4. Others
7.3. Market Analysis, Insights and Forecast – By Indication
7.3.1. Cardiovascular
7.3.2. Respiratory
7.3.3. Urological
7.3.4. Others
7.4. Market Analysis, Insights and Forecast – By End-user
7.4.1. Hospitals & ASCs
7.4.2. Aged Care Centers/Nursing Homes
7.4.3. Others
7.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
7.5.1. U.K.
7.5.2. Germany
7.5.3. France
7.5.4. Spain
7.5.5. Italy
7.5.6. Scandanavia
7.5.7. Rest of Europe
8. Asia Pacific Medical Tubing Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast – By Material
8.1.1. Polyvinyl Chloride (PVC)
8.1.2. Silicone
8.1.3. Polyoelfin
8.1.4. Thermoplastic Elastomers (TPE)
8.1.5. Others
8.2. Market Analysis, Insights and Forecast – By Application
8.2.1. Bulk Disposable Tubing
8.2.2. Catheterization
8.2.3. Drug Delivery Systems
8.2.4. Others
8.3. Market Analysis, Insights and Forecast – By Indication
8.3.1. Cardiovascular
8.3.2. Respiratory
8.3.3. Urological
8.3.4. Others
8.4. Market Analysis, Insights and Forecast – By End-user
8.4.1. Hospitals & ASCs
8.4.2. Aged Care Centers/Nursing Homes
8.4.3. Others
8.5. Market Analysis, Insights and Forecast – By Country/Sub-region
8.5.1. Japan
8.5.2. China
8.5.3. Australia
8.5.4. India
8.5.5. Southeast Asia
8.5.6. Rest of Asia Pacific
9. Latin America Medical Tubing Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis, Insights and Forecast – By Material
9.1.1. Polyvinyl Chloride (PVC)
9.1.2. Silicone
9.1.3. Polyoelfin
9.1.4. Thermoplastic Elastomers (TPE)
9.1.5. Others
9.2. Market Analysis, Insights and Forecast – By Application
9.2.1. Bulk Disposable Tubing
9.2.2. Catheterization
9.2.3. Drug Delivery Systems
9.2.4. Others
9.3. Market Analysis, Insights and Forecast – By Indication
9.3.1. Cardiovascular
9.3.2. Respiratory
9.3.3. Urological
9.3.4. Others
9.4. Market Analysis, Insights and Forecast – By End-user
9.4.1. Hospitals & ASCs
9.4.2. Aged Care Centers/Nursing Homes
9.4.3. Others
9.5. Market Analysis, Insights and Forecast – By Country/Sub-region
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East & Africa Medical Tubing Market Analysis, Insights and Forecast, 2019-2032
10.1. Market Analysis, Insights and Forecast – By Material
10.1.1. Polyvinyl Chloride (PVC)
10.1.2. Silicone
10.1.3. Polyoelfin
10.1.4. Thermoplastic Elastomers (TPE)
10.1.5. Others
10.2. Market Analysis, Insights and Forecast – By Application
10.2.1. Bulk Disposable Tubing
10.2.2. Catheterization
10.2.3. Drug Delivery Systems
10.2.4. Others
10.3. Market Analysis, Insights and Forecast – By Indication
10.3.1. Cardiovascular
10.3.2. Respiratory
10.3.3. Urological
10.3.4. Others
10.4. Market Analysis, Insights and Forecast – By End-user
10.4.1. Hospitals & ASCs
10.4.2. Aged Care Centers/Nursing Homes
10.4.3. Others
10.5. Market Analysis, Insights and Forecast – By Country/Sub-region
10.5.1. South Africa
10.5.2. GCC
10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
11.1. Global Market Share Analysis (2023)
11.2. Company Profiles
11.2.1. Nordson Corporation
11.2.1.1. Overview
11.2.1.2. Products
11.2.1.3. SWOT Analysis
11.2.1.4. Recent Developments
11.2.1.5. Strategies
11.2.1.6. Financials (Based on Availability)
11.2.2. Saint-Gobain
11.2.2.1. Overview
11.2.2.2. Products
11.2.2.3. SWOT Analysis
11.2.2.4. Recent Developments
11.2.2.5. Strategies
11.2.2.6. Financials (Based on Availability)
11.2.3. Freudenberg Medical
11.2.3.1. Overview
11.2.3.2. Products
11.2.3.3. SWOT Analysis
11.2.3.4. Recent Developments
11.2.3.5. Strategies
11.2.3.6. Financials (Based on Availability)
11.2.4. The Lubrizol Corporation
11.2.4.1. Overview
11.2.4.2. Products
11.2.4.3. SWOT Analysis
11.2.4.4. Recent Developments
11.2.4.5. Strategies
11.2.4.6. Financials (Based on Availability)
11.2.5. TE Connectivity
11.2.5.1. Overview
11.2.5.2. Products
11.2.5.3. SWOT Analysis
11.2.5.4. Recent Developments
11.2.5.5. Strategies
11.2.5.6. Financials (Based on Availability)
11.2.6. Elkem ASA
11.2.6.1. Overview
11.2.6.2. Products
11.2.6.3. SWOT Analysis
11.2.6.4. Recent Developments
11.2.6.5. Strategies
11.2.6.6. Financials (Based on Availability)
11.2.7. RAUMEDIC AG
11.2.7.1. Overview
11.2.7.2. Products
11.2.7.3. SWOT Analysis
11.2.7.4. Recent Developments
11.2.7.5. Strategies
11.2.7.6. Financials (Based on Availability)
11.2.8. Teknor Apex
11.2.8.1. Overview
11.2.8.2. Products
11.2.8.3. SWOT Analysis
11.2.8.4. Recent Developments
11.2.8.5. Strategies
11.2.8.6. Financials (Based on Availability)
11.2.9. Spectrum Plastics Group
11.2.9.1. Overview
11.2.9.2. Products
11.2.9.3. SWOT Analysis
11.2.9.4. Recent Developments
11.2.9.5. Strategies
11.2.9.6. Financials (Based on Availability)

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