Medical Tubing Market Report: Trends, Forecast and Competitive Analysis to 2030

Medical Tubing Trends and Forecast

The future of the global medical tubing market looks promising with opportunities in the bulk disposable tubing, drug delivery system, catheter, and biopharmaceutical laboratory equipment markets. The global medical tubing market is expected to reach an estimated $18.9 billion by 2030 with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are growing demand for disposable tube-based medical devices, rising government initiatives to provide high-quality healthcare facilities, and increasing number of surgeries and trauma incidences globally.

A more than 150-page report is developed to help in your business decisions.

Medical Tubing by Segment

The study includes a forecast for the global medical tubing by product, structure, application, and region.

Medical Tubing Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Silicone
• Polyolefins
• Polyimide
• Polyvinyl Chloride
• Polycarbonates
• Fluoropolymers
• Others

Medical Tubing Market by Structure [Shipment Analysis by Value from 2018 to 2030]:

• Single-Lumen
• Co-Extruded
• Multi-Lumen
• Tapered or Bump Tubing
• Braided Tubing

Medical Tubing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Bulk Disposable Tubing
• Drug Delivery Systems
• Catheters
• Biopharmaceutical Laboratory Equipment
• Others

Medical Tubing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Medical Tubing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical tubing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical tubing companies profiled in this report include-

• Asahi Tec
• MDC Industries
• Nordson
• ZARYS
• Hitachi Cable America
• NewAge Industries
• TE Connectivity
• Freudenberg
• Spectrum Plastics
• ATAG SpA

Medical Tubing Market Insights

• Lucintel forecasts that polyvinyl chloride is expected to witness highest growth over the forecast period due to increasing adoption of single-use pre-sterilized medical devices.

• APAC is expected to witness highest growth over the forecast period due to growing demand for better healthcare product, increasing inclination towards minimally invasive surgeries, and rising geriatric population in the region.

Features of the Global Medical Tubing Market

• Market Size Estimates: Medical tubing market size estimation in terms of value ($B).

• Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

• Segmentation Analysis: Medical tubing market size by product, structure, application, and region. in terms of value ($B).

• Regional Analysis: Medical tubing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

• Growth Opportunities: Analysis of growth opportunities in different products, structures, applications, and region.s for the medical tubing market.

• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical tubing market.

• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the medical tubing market size?

Answer: The global medical tubing market is expected to reach an estimated $18.9 billion by 2030.

Q.2. What is the growth forecast for medical tubing market?

Answer: The global medical tubing market is expected to grow with a CAGR of 8.2% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the medical tubing market?

Answer: The major drivers for this market are growing demand for disposable tube-based medical devices, rising government initiatives to provide high-quality healthcare facilities, and increasing number of surgeries and trauma incidences globally.

Q.4. What are the major segments for medical tubing market?

Answer: The future of the global medical tubing market looks promising with opportunities in the bulk disposable tubing, drug delivery system, catheter, and biopharmaceutical laboratory equipment markets.

Q.5. Who are the key medical tubing market companies?

Answer: Some of the key medical tubing companies are as follows:

• Asahi Tec
• MDC Industries
• Nordson
• ZARYS
• Hitachi Cable America
• NewAge Industries
• TE Connectivity
• Freudenberg
• Spectrum Plastics
• ATAG SpA

Q.6. Which medical tubing market segment will be the largest in future?

Answer: Lucintel forecasts that polyvinyl chloride is expected to witness highest growth over the forecast period due to increasing adoption of single-use pre-sterilized medical devices.

Q.7. In medical tubing market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to technological advancements, and increasing healthcare spending, coupled with government policies are likely to propel the market demand. APAC is expected to witness highest growth over the forecast period due to growing demand for better healthcare product, increasing inclination towards minimally invasive surgeries, and rising geriatric population in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the medical tubing market by product (silicone, polyolefins, polyimide,polyvinyl chloride, polycarbonates, fluoropolymers, and others), structure (single-lumen, co-extruded, multi-lumen, tapered or bump tubing, and braided tubing), application (bulk disposable tubing, drug delivery systems, catheters, biopharmaceutical laboratory equipment, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?