As per the recently published report by MarketsandMarkets™, The “Medical Tubing Market by Material (Plastics, Rubbers, Specialty Polymers), Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, Specialty Applications), Structure, and Region – Global Forecast to 2028″, is projected to reach USD 15.7 billion by 2028, at a CAGR of 8.2% from USD 10.6 billion in 2023. The combination of regulatory frameworks, growing application, increasing market trends, consumer preferences, and technological advancements are driving the medical tubing market.
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- 230 Market data Tables
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- 212 Pages and in-depth TOC on “Medical Tubing Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The key global players in the medical tubing market include Saint-Gobain (France), Freudenberg Medical (US), W. L. Gore & Associates, Inc. (US), Lubrizol Corporation (US), TE Connectivity (Switzerland), Nordson Corporation (US), Elkem ASA (Norway), Raumedic AG (Germany), Teknor Apex (US), Spectrum Plastics Group (US) and others
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the medical tubing market.
Recent Developments in Medical Tubing Market Industry
- In January 2022, Raumedic AG acquired Aktsiaselts A&G, a company based in Estonia. This acquisition helped Raumedic AG to strengthen its position in the medical technology market.
- In November 2021, Nordson Corporation acquired NDC Technologies, a supplier of precision measurement and control solutions for medical tubing manufacturing. The acquisition expanded Nordson Corporation’s test and inspection platform into new markets and strengthened its position as a leading provider of precision technology solutions.
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Based on material, the medical tubing market has been segmented into plastics, rubbers, specialty polymers, and others. Rubbers have the largest market for medical tubing. Rubber medical tubing is a flexible, hollow tubes made from several types of rubber materials used in medical and healthcare applications. Rubber tubing is commonly used for various medical purpose because they are resistant to certain chemicals and sterilization methods. In the market, rubber medical tubing is available in the various materials including thermoplastic elastomer, thermoplastic polyurethane, silicone, polyurethane, ethylene propylene diene monomer, and latex.
Based on application, the medical tubing market has been segmented into bulk disposable tubing, catheters & cannulas, drug delivery systems, and special applications. Bulk disposable tubing is used in dialysis tubing and intravenous tubing whereas catheters & cannulas are used in cardiovascular catheters, IV catheters, and urinary catheters. Drug delivery systems are used for various applications including nasogastric and nebulizers and special applications of medical tubing is peristaltic pump, gas supply, and smoke evacuation tubing.
Based on structure, the medical tubing market has been segmented into single-lumen, co-extruded, multi-lumen, braided tubing, and tapered or bump tubing. The various structures are made by combining different polymers using the extrusion process. These structures provide different properties such as high pressure, ultraviolet (UV) protection, flame retardant, antimicrobial, and gamma-ray protection to the tubing, which can be used according to specific applications.
Europe is the second largest market for medical tubing. The region is driven by the increasing demand for minimally invasive procedures, rising geriatric population, and growing adoption of advanced medical technologies. Europe has a well-established regulatory framework for medical devices, which is contributing to the growth of the market.
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