About Medical Tubing
Medical Tubing is plastic tubing used for various non-invasive medical and laboratory applications and is required to meet specific standards based on abrasion resistance, flexibility, hardness, and durability. It is mainly used for fluid management and drainage, anesthesiology and respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. On the basis of type, medical tubing is segmented as polyvinyl chloride (PVC), thermoplastic elastomer (TPE), thermoplastic polyurethane (TPU), polyolefin, silicone, and others. Various applications of medical tubing include single-lumen, multi-lumen, Co-extruded or bump tubing, braided tubing, balloon tubing, and heat shrink tubing. Rising demand for invasive surgical techniques, growing ageing population and developing a claim for medical devices that incorporate tubing are anticipated for the growth of the global medical tubing market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In February 2019 Zeus Industrial Products, Inc. (Zeus), a leading polymer extrusion manufacturer and material science innovator, have signed an agreement with Junkosha, Inc. (Junkosha) regarding access to intellectual property. With this agreement, Zeus is fully licensed to market Junkosha’s patented peelable heat shrink and Junkosha is also fully licensed to sell Zeus’ patented clear peelable heat shrink. Analyst at AMA Research estimates that United States and German Players will contribute the maximum growth to Global Medical Tubing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zeus Industrial Products (United States), Saint-Gobain Performance Plastics (France), Teleflex Incorporated (United States), Optinova Holding AB (Finland), Nordson Corporation (United States), The Lubrizol Corporation (United States), Putnam Plastics (United States), Tekni-Plex (United States), W. L. Gore & Associates, Inc. (United States) and Smiths Group plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are RAUMEDIC AG (Germany), B. Braun Melsungen AG (Germany), Cook Medical Incorporated (Cook Group) (United States), FBK Medical Tubing, Inc. (D&B Industrial Group) (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Tubing market by Type (Polyvinyl Chloride (PVC), Thermoplastic Elastomer (TPE), Thermoplastic Polyurethane (TPU), Polyolefin, Silicone and Others), Application (Catheters & Cannulas, Bulk Disposable Tubing, Drug Delivery Systems, Biopharmaceutical Laboratory Equipment and Other Applications) and Region.
On the basis of Type, Polyvinyl Chloride (PVC) are dominating the market in the year 2023On the basis of geography, the market of Medical Tubing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by By Structure, the sub-segment i.e. Single-lumen will boost the Medical Tubing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for medical tubing from the healthcare industry.
Market Growth Drivers:
Rising demand for invasive surgical techniques, Growing Ageing Population and Developing Claim for Medical Devices That Incorporate Tubing
Challenges:
Strict Regulatory Policies
Restraints:
Extensive Investment and Time Required for Product Development
Opportunities:
Increasing Investments in Healthcare Industry in Emerging Economies, Invention and Customization of Polymers and Tubing Structure and Replacement of Metals with Plastics
Market Leaders and their expansionary development strategies
In September 2022 - Nordson MEDICAL, a Nordson company , a global integrated solutions partner for the design, engineering and manufacturing of complex medical devices and components, today announced the official opening of its Tecate, Mexico, Medical Device Manufacturing Center of Excellence. The event was marked with a ribbon cutting ceremony with representatives from the local government and Nordson leadership in attendance.
In February 2022, Zeus announces the launching of its new product named PTFE Sub-Lite-Wall multi-lumen tubing with new features including high structural integrity, improved planarity, high lubricity, and excellent dielectric strength. It’s also biocompatible with a working temperature of 260 °C (500 °F)"
Key Target Audience
Medical tubing manufacturing companies, Medical tubing distributors, Raw material suppliers, Medical grade polymer formulators & compounders, Commercial research & development (R&D) institutes, Research institutes, trade associations, and government agencies and FDA regulatory bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.