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Medical Tubing Market Trends

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Report ID: 3536
Published Date: Sep 17, 2024
Report Format: PDF, PPT

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Medical Tubing Market Trends

Growth Drivers

Growing Demand for Catheters and Cannulas in Hospitals Worldwide
Increasing Availability of Cost-Competitive Medical-Grade Plastics

Challenges

Significant Investments Required for Product Development

Medical Tubing Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	8.4%
Base Year Market Size (2023)	USD 11.07 billion
Forecast Year Market Size (2036)	USD 31.59 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Medical Tubing Market Size, Growth Forecast 2036

Author Credits: Radhika Pawar

Report ID: 3536
Published Date: Sep 17, 2024
Report Format: PDF, PPT

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.

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