Medical Tubing Market Analysis

The market is segmented by material into PVC, polyolefin, TPE & TPU, and silicone, out of which, the PVC segment is anticipated to hold the largest share in the medical tubing market. This can be accounted to the ability of PVC to meet the diverse requirements of the healthcare industry, and largescale usage of the product in medical tube manufacturing. Apart from these, the silicone tubing segment is also assessed to gather a significant share, which can be credited to the flexibility, high tensile strength, and superior chemical resistance of silicone. Additionally, on the basis of application, the drug delivery systems segment is projected to witness the highest CAGR during the forecast period owing to the increasing purchasing power and disposable income worldwide, and rising investments by governments to provide improved healthcare.

Our in-depth analysis of the global market includes the following segments:

Material

PVC
Polyolefin
TPE & TPU
Silicone

Application

Bulk Disposable Tubing
Catheters
Drug Delivery Systems

End-User

Hospitals & Clinics
Ambulatory Surgical Centers
Medical Labs
Others

Frequently Asked Questions (FAQ)

The major factors driving market growth are growing demand for catheters and cannulas in hospitals worldwide and increasing availability of cost-competitive medical-grade plastics.

The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2022 â€“ 2030.

Significant investments required for product development is estimated to hamper the market growth.

Asia Pacific will provide more business opportunities for market growth owing to the growing demand for medical tubing, and rising government initiatives for providing premium-quality healthcare facilities.

The major players in the market are Nordson Corporation, NewAge Industries, Inc., TE Connectivity Ltd., Freudenberg and Co. KG., RAUMEDIC AG, and others.

Medical Tubing Market Analysis