Medical Grade Tubing Market to be Dominated by Silicone Grade Tubing Segment Through 2027
Growing cases of medical emergencies & surgeries and increasing cases of chronic
diseases is expected to drive the demand for the medical grade tubing market in
the forecast period, 2023-2027.
According to TechSci Research
report, “Medical Grade Tubing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027”, The global medical-grade tubing market is projected
to increase at an impressive rate in the forecast period, 2023-2027. Growing
demand from the medical sector for medical tubing for fluid control and
drainage, anesthesia and breathing apparatus, IVs, catheters, peristaltic
pumps, and biopharmaceutical laboratories is driving the market's growth. In
accumulation, high investment, FDA regulation, regulation of plastic products,
and changes in crude oil prices are hindering the growth of medical-grade
tubing.
In addition,
pollution-related issues, change in eating habits, and ongoing innovation
influence market growth. Thus, the market need for medical-grade tubing is
expected to rise in the forecasted period. As per data, the number of
asthma-affected patients was estimated to be nearly 262 million in 2019 and
caused 455,000 deaths worldwide. Thus, the market size of medical-grade tubing
products is expected to increase in the forecasted period as medical-grade
tubes are used for gas supplies which in turn is driving the growth of the
market.
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data Figures spread through 110 Pages and an in-depth TOC on "Global Medical Grade Tubing Market"
The global
medical grade tubing market is segmented based on material, product,
application, and end use.
Based on
material, the market is divided into fluoropolymers, polyolefins, silicone,
polyvinyl chloride, and others. Silicone tubing is expected to hold the largest
market share in the forecast period, 2023-2027. Due to its resistance to
bacteria, soft and flexible contains no plasticizers, is sterilizable, and has
no reaction with the body, it is the best option among its segments. Thus, the
silicon segment dominates the Medical grade tubing market.
Based on the
product, the market is divided into single-lumen tubing and multi-lumen tubing.
As per estimates, the single-lumen tubing segment is expected to experience the
highest market share during the forecast period. Owing to a wide assortment of
medical applications, which consist of catheters, IV therapy, and feeding
tubes, it provides a single-lumen tubing advantage over its companion. Thus,
the dental applications segment is expected to dominate the segment.
Based on end
use, the market is divided into medical, bio-pharmaceutical & life science,
and clinical testing. As per estimates, the medical segment will experience the
highest market share during the forecast period. The growing focus on minimally
invasive procedures is one of the major drivers for the growth of the medical
tubing market and helps the medical segment dominate the segment.
Major
companies operating in global medical grade tubing market are:
·
B. Braun Melsungen AG
·
Cook Group Incorporated
·
Trelleborg Group
·
Nordson Corporation
·
A.P. Extrusion Incorporated
·
AP Technologies Group Pte Ltd.
·
ATAG SpA
·
ASAHITEC Corporation
·
FBK Medical Tubing Inc.
·
Optinova Group
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"Asia-Pacific
region is expected to dominate the global medical grade tubing market in the
upcoming years due to the increased investment in research and development,
high awareness related to prevention and wellness. In addition, development of
cost-effective and innovating tubing solution is expected to further push the
growth of region through 2027.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Medical Grade Tubing Market,
2027- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Material
(Fluoropolymers, Polyolefins, Silicone, Poly Vinyl Chloride, Others), By
Product (Single Lumen Tubing v/s Multi-Lumen Tubing), By Application (Abrasion
Protection, Bulk Disposable Tubing, Catheters, Others), By End Use (Medical,
Bio-Pharmaceutical & Life Science, Clinical Testing), By Company and By
Region, has evaluated the future
growth potential of global medical grade tubing market and provides statistics
& information on market size, structure, and future market growth. the
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global medical grade tubing market.”
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