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Market Summary

The medical tubing market is projected to register a CAGR of 8.4% in terms of value, from 2019 to reach USD 12.50 Billion by 2026. Medical tubing is a kind of tubing that comply with medical industry requirements and standards for various medical or pharmaceutical related applications. Medical tubing is deployed for fluid management and drainage along with anesthesiology and respiratory equipment, IVs, catheters, and biopharmaceutical laboratory equipment, among others.

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Growing awareness among the people about advancement in medical facilities and government schemes for providing subsidized medical facilities stimulates the growth of the market. Increasing demand for healthcare products in emerging economies is opening a window of new opportunities for players in the market. Growing investment and expansion is attributed to the increasing demand for high-quality tubing material is forecasted to boost the market demand in the forecast period.

According to the National Health Services, England, the number of endoscopic procedures is estimated to grow from around 650,000 in the year 2011 to 900,000 by the year 2020. Further, various surgical procedures deploying minimally invasive devices are anticipated to increase during the forecast period, thus fueling the demand for medical tubing. A rise in the level of the disposable income in emerging economies like China and India and advances in healthcare facilities are among the major factors triggering the market growth.

The increase in geriatric population is causative of the major demand for feeding tubes, drainage tubes, fluid management, and ventilator tubes, and hence is positively impacting the market growth. According to the United Nations ‘World Population Prospect’, the aging population, involving people 60 years of age or over, is forecasted to increase three times by 2100. As of 2017, about 13.0% of the world’s population has people aged 60 or above, and this is expected to be growing at a rate of 3.0% per year. This driver is playing a significant role in fueling the need for advanced medical procedures and medical devices that involves tubing, therefore, stimulating the market demand.

Key Coverage of the Report

Region and country wise statistics of medical tubing from the period 2016-2026. While 2017 has been utilized as historical data, 2018 is considered the base year. 2019-2026 have been derived as forecasts.

Estimation of market size along with historic and forecasted trend analysis.

Various types of medical tubing materials have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.

Share of individual end-users has been estimated.

Healthcare Regulatory framework of each region.

Regional up-coming outlook.

Status of on-going trials and developments.

Regional prevalence of medical tubing has been mapped.

Regional Competitors Pricing Strategy

Demand and Supply GAP Analysis

Market share analysis of the top industry players

Strategic recommendations for the new entrants

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments.

Salient Trends of the Medical Tubing Market

A major trend in customized tubing is making smaller and thinner tubes that can house more lumens to deliver multiple functions. Attaining super-thin walls pushes the limits of tubing technology and repeatability, e.g., inner wall linings may be a few thousandths of an inch thick.

MDMs (Medical device manufacturers) need customized tubing solutions, as devices get smaller and more complex, to provide the functionality they expect, e.g., electrical wires embedded in the wall of the tubing to power a device or sensors. MDMs frequently bring in designs that require multi-layer extrusions that blend physical characteristics from each material to produce tubing with highly specific performance specifications.

Catheters and guide wires are getting smaller in size. Junkosha, in February 2018 MD&M West event in California, unveiled its innovative, ultra-small peelable heat shrink tubing (PHST) and high-shrink ratio PHST. The high-shrink ratio PHST (2:1) is appropriate for procedures that require a high compression and shrink ratio, like the manufacture of tapered micro-catheter shafts. OEMs are ever more interested in PHST as it ultimately reduces the overall cost of ownership for the catheter manufacturer.

In February 2017, Nordson Corporation, a leading player in the market, announced signing of a definitive agreement to acquire Vention Medical’s Advanced Technologies business, a leading designer, developer and producer of minimally invasive interventional delivery devices, catheters and advanced components for the medical technology market across the globe, for USD 705.0 million in an all-cash transaction.

Companies considered and profiled in this market study

Zeus Industrial Products, Teleflex, Saint-Gobain Performance Plastics, Optinova, Lubrizol, Spectrum Plastics Group, Nordson Corporation, Raumedic, Putnam Plastics, and Tekni-Plex, among others.

Market-O-Nomics

The valuation for the medical tubing market was USD 6.54 billion in 2018, and it is expected to reach USD 12.50 billion by 2026.

By materials, silicone held a substantial market share in 2018. Silicone tubing has been in use in medical tubing for a long time, as it complies with the healthcare industry’s requirements for non-toxicity and cleanliness. Other significant features of silicone include resistance to extreme temperature variations, which has allowed its deployment in applications where flexible tubing is required to handle temperatures not possible with other plastics or rubbers.

By application, bulk disposable tubing contributed to the largest market share in 2018 and is likely to grow at a rate of 8.0% in the forecast period.

By end-user, hospitals and clinics held the largest market share in 2018 and are projected to maintain its market leadership in the forecast period.

The market in the Asia Pacific region is projected to witness the highest CAGR of 9.2% in the period 2019-2026 owing to the high population in the region coupled with the rapid growth of the healthcare industry.

Europe contributed to the second largest market share in 2018 attributed to the matured healthcare industry as well as stringent healthcare regulatory policies in the region.

In September 2018, Saint-Gobain Performance Plastics, a leading player in the market, announced to build an 88,000-sq. ft production facility in Beaverton to expand capacity to extrude medical tubing and manufacture components and assemblies for the consumers in the drug manufacturing business.

Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the global medical tubing market on the basis of material, application, end-user, and region:

Material Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Plastics

Metals

Silicone

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Bulk Disposable Tubing

Biopharmaceutical Laboratory Equipment

Catheters

Others

End-User Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Hospitals & Clinics

Ambulatory Surgical Centers

Medical Labs

Others

Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

North America U.S.

Europe UK France

Asia Pacific China India Japan

Latin America Brazil

MEA