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: