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Medical Tubing Market
What combination of drivers is leading to accelerated growth in the medical tubing market?
Growth in the medical tubing market is being fueled by a rise in respiratory afflictions. Asthma, lung cancer, pulmonary fibrosis, and other respiratory complications can be brought on by factors like tobacco smoke, atmospheric contaminants, allergens, and job-related hazards. The escalating number of such diseases is predicted to boost the demand for medical tubing, a critical element of ventilators that aid breathing. For example, the Centers for Disease Control and Prevention, a government agency from the US, has reported an increase in tuberculosis cases from 8,320 in 2022 to 9,615 in 2023, a surge of 1,295 cases. The incidence rate also amplified from 2.5 per 100,000 individuals in 2022 to 2.9 in 2023. Therefore, as respiratory diseases continue to rise, so will the expansion of the medical tubing market.
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What is the projected compound annual growth rate (CAGR) of the medical tubing market from 2025 to 2034, and what factors influence it?
The scale of the medical tubing market has witnessed significant expansion recently. It is projected to increase from a worth of $12.92 billion in 2024 to approximately $14.23 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.2%. The surge during the historical phase can be credited to factors such as medical device production, infection management, cardiovascular processes, surgical applications, as well as miniaturization and microfluidics.
The market size of medical tubing is predicted to experience accelerated expansion in the imminent years, reaching $23.84 billion in 2029, with a compound annual growth rate (CAGR) of 13.8%. The increase in the projected timeframe can be credited to factors like precision medicine, telemedicine services, biodegradable materials, global health initiatives, and the elderly population. Neurology and brain monitoring, innovative drug delivery, diagnostic improvements, biocompatibility, and tissue engineering are key trends anticipated during the forecast period.
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How are the latest trends influencing the growth of the medical tubing market?
Product innovation is increasingly becoming a noteworthy trend in the medical tubing market. Major market players are emphasizing on introducing innovative medical tubes infused with novel features to boost the success rate of usage. They are deploying cutting-edge manufacturing procedures and pioneering technologies to roll out revolutionary medical tubes which stand out for their efficacy and efficiency. A notable mention in this line-up is the modernized braided medical tube. What makes this design stand out is its ability to broaden the capabilities of catheters and medical tubing. These braided tubes are instrumental in enhancing the flexibility and sturdiness of existent medical gear. They find extensive applications in several medical procedures, like cardiovascular and neurovascular surgery and endoscopic treatments pertinent to the digestive system. As a case in point, SCHOTT AG, a glass company from Germany, introduced FIOLAX Pro, a refined variant of borosilicate glass tubing meant for the pharmaceutical market, in October 2023. It caters to significant industry trends such as the escalating complexity in pharmaceuticals, the call for sustainable solutions, and the drive towards digitalization. FIOLAX Pro is lauded for its precise dimensional tolerances that escalate the accuracy of filling processes in syringes and cartridges. This, in turn, minimizes overfill losses and heightens dosing precision.
What are the major segments of the medical tubing market and their role in driving growth?
The medical tubing market covered in this report is segmented –
1) By Product: Silicone, Polyolefins, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products
2) By Application: Bulk Disposable Tubing, Drug Delivery Systems, Catheters, Biopharmaceutical Laboratory Equipment, Other Applications
3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Labs, Other End-Users
Subsegments:
1) By Silicone: Medical Grade Silicone Tubing, Reinforced Silicone Tubing
2) By Polyolefins: Polyethylene (PE) Tubing, Polypropylene (PP) Tubing
3) By Polyvinyl Chloride (PVC): Flexible PVC Tubing, Rigid PVC Tubing
4) By Polycarbonates: Clear Polycarbonate Tubing, Specialty Polycarbonate Tubing
5) By Fluoropolymers: Polytetrafluoroethylene (PTFE) Tubing, Fluorinated Ethylene Propylene (FEP) Tubing
6) By Other Products: Thermoplastic Elastomers (TPE) Tubing, Nylon Tubing, Custom Extruded Tubing
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Which regions are key players in the growth of the medical tubing market?
North America was the largest region in the medical tubing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical tubing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the medical tubing market?
Major companies operating in the medical tubing market include Saint-Gobain S.A., Freudenberg Medical LLC, W.L. Gore & Associates Inc., Avient Corporation, Raumedic AG, Micro-Tek Corp., NewAge Industries Inc., Axiom Medical Inc., NovoSci Corp., Vanguard Products Corp., Zeus Industrial Products Inc., Absolute Custom Extrusions Inc., Petro Extrusion Technologies Inc., Pexco LLC, GSH Industries Inc., Teleflex Medical OEM LLC, Putnam Plastics Corporation, Tekni-Plex Inc., Nordson Corporation, Qosina Corp., Vesta Inc., Lubrizol Life Science Health, Grayline LLC, Trelleborg Healthcare & Medical, Spectrum Plastics Group Inc., Merit Medical Systems Inc., Applied Plastics Co. Inc., Duke Empirical Inc., Biomerics LLC, Polyzen Inc., Resonetics LLC
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What Is Covered In The Medical Tubing Global Market Report?
•Market Size Forecast: Examine the medical tubing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical tubing market for a structured understanding.
•Key Players Overview: Analyze major players in the medical tubing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical tubing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical tubing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical tubing market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical tubing market.
•Competitive Landscape: Review strategic developments in the medical tubing market, including expansions, agreements, and new product launches.
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