Global Medical Tubing Market Size, Trends, and Growth Opportunity, By Product (Silicone, Polyolefins), By Structure (Single-Lumen, Co-Extruded, Multi-Lumen, Tapered or Bump Tubing, Braided Tubing), By Application (Bulk Disposable Tubing, Catheters), By Region and Forecast to 2030.
Global Medical Tubing Market
The Global Medical Tubing Market was valued at USD 11.25 billion in 2022 and is expected to expand to USD 20.5 billion by 2030, at a CAGR of 5.60% during the forecast period 2023-2030.
Medical tubing is used for drainage and fluid management as well as with respiratory and anesthesiology equipment, catheters, IVs, biopharmaceutical laboratory equipment, and peristaltic pumps. The two most common types of medical tubing which are used in the market of medical devices are 1. Urinary catheters. 2. Vascular catheters.
Market Drivers
The increase in the demand for medical tubes among patients to give fluids and medications, coupled with the growing cases of respiratory diseases such as lung cancer, asthma, and pulmonary fibrosis are the main factors propelling the global medical tubing market growth.
Furthermore, the growing adoption of 3D printing technology in the medical industry is rising, and this presents an opportunity for medical tubing manufacturers and producers to develop customized products using 3D printing technology which is contributing to the growth of the market.
Market Restraints
The medical tubing market is strictly regulated, and manufacturers should comply with various regulations and standards to ensure the safety and efficacy of their products. These regulations increase the cost and time required for product development and government approvals, which can be a restraining factor for smaller manufacturers.
Market Segmentation
The global medical tubing market is segmented into product, structure, application, and region.
Based on the product, the global medical tubing market is segmented into silicone and polyolefins.
Further, based on application, the market is segmented into bulk disposable tubing, and catheters.
Regional Analysis
The global medical tubing market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global medical tubing market owing to the industrial dynamics and abundance of commodities in the region. The presence of a large base geriatric population in the U.S. & Canada, high-tech healthcare facilities, and relatively higher disposable income levels of patients are some drivers of the healthcare industry in the region.
The market is also expanding in emerging markets such as Asia Pacific & Latin America owing to the rising demand for medical devices and increasing healthcare expenditure in these regions. This creates an opportunity for manufacturers to expand their presence in these markets.
Key Players
Various key players are discussed in the global medical tubing market report including; Asahi Tec Corp., MDC Industries, Nordson Corp., ZARYS International Group, Hitachi Cable America, Inc., NewAge Industries, Inc., TE Connectivity; Freudenberg & Co. KG, Spectrum Plastics Group, ATAG SpA, Saint-Gobain, and Others.
For instance, in February 2022, Zeus Industrial Products company launched its ‘PTFE Sub-Lite-Wall’ multi-lumen tubing to its product portfolio designed for steerable catheters.
Market Taxonomy
By Product
• Silicone
• Polyolefins
By Structure
• Single-Lumen
• Co-Extruded
• Multi-Lumen
• Tapered or Bump Tubing
• Braided Tubing
By Application
• Bulk Disposable Tubing
• Catheters
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Medical Tubing Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Medical Tubing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Medical Tubing Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Medical Tubing Market Share Analysis, By Product
5.3 Global Medical Tubing Market Size and Forecast, By Product
5.3.1 Silicone
5.3.2 Polyolefins
6 Global Medical Tubing Market, By Structure
6.1 Y-o-Y Growth Comparison, By Structure
6.2 Global Medical Tubing Market Share Analysis, By Structure
6.3 Global Medical Tubing Market Size and Forecast, By Structure
6.3.1 Single-Lumen
6.3.2 Co-Extruded
6.3.3 Multi-Lumen
6.3.4 Tapered or Bump Tubing
6.3.5 Braided Tubing
7 Global Medical Tubing Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Medical Tubing Market Share Analysis, By Application
7.3 Global Medical Tubing Market Size and Forecast, By Application
7.3.1 Bulk Disposable Tubing
7.3.2 Catheters
8 Global Medical Tubing Market, By Region
8.1 Global Medical Tubing Market Share Analysis, By Region
8.2 Global Medical Tubing Market Share Analysis, By Region
8.3 Global Medical Tubing Market Size and Forecast, By Region
9 North America Medical Tubing Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Medical Tubing Market Share Analysis, By Product
9.3 North America Medical Tubing Market Share Analysis, By Structure
9.4 North America Medical Tubing Market Size and Forecast, By Application
9.5 North America Medical Tubing Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Medical Tubing Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Medical Tubing Market Share Analysis, By Product
10.3 Europe Medical Tubing Market Share Analysis, By Structure
10.4 Europe Medical Tubing Market Size and Forecast, By Application
10.5 Europe Medical Tubing Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Medical Tubing Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Medical Tubing Market Share Analysis, By Product
11.3 Asia Pacific Medical Tubing Market Share Analysis, By Structure
11.4 Asia Pacific Medical Tubing Market Size and Forecast, By Application
11.5 Asia Pacific Medical Tubing Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Medical Tubing Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Medical Tubing Market Share Analysis, By Product
12.3 Latin America Medical Tubing Market Share Analysis, By Structure
12.4 Latin America Medical Tubing Market Size and Forecast, By Application
12.5 Latin America Medical Tubing Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Medical Tubing Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Medical Tubing Market Share Analysis, By Product
13.3 Middle East Medical Tubing Market Share Analysis, By Structure
13.4 Middle East Medical Tubing Market Size and Forecast, By Application
13.5 Middle East Medical Tubing Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Asahi Tec Corp.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 MDC Industries
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 Nordson Corp.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 ZARYS International Group
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Hitachi Cable America, Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Hitachi Cable America, Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 NewAge Industries, Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 TE Connectivity
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Freudenberg & Co. KG
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Spectrum Plastics Group
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
