Global Medical Tubing Market: Overview
Medical tubing is used for drainage and fluid management. In some cases medical tubing are also utilized as respiratory and anesthesiology equipment. Manufacturing of medical tubing require certain certifications and a standard procedure as the use is directly applicable to human body. Medical tubing is produced by using some specific materials with desired specification.
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Global Medical Tubing Market: Segmentation
Medical tubing market is segmented based on material type which include polyvinyl chloride, polyolefin, thermoplastic elastomer, thermoplastic polyurethane, silicone, and various specialty polymers such as fluoropolymers, and polycarbonate. Based on the structure it is classified in braided tubing, single-lumen, multi-lumen tubing co-extruded tubing, and tapered tubing. Further, based on its application it is widely diversified as catheters, disposable tubing, cannulas, drug delivery system, gas supply tubing, and majorly for urinary catheters.
Global Medical Tubing Market: Growth Factors
Rising number in aged population which witness many health issues due to reduced immunity strength, need of various treatments that involve use of medical tubing, this application of medical tubing is the major driver for global medical tubing market. Growing awareness among the people related to advancement in medical facilities and government schemes that provide subsidized health care facilities is also a factor responsible for the growth of medical tubing market. Rising demand for medical devices that has medical tubing as a part of the equipment is fostering demand for the tubing’s. People spending on their health concerns to avoid future hazards and large number of invasive surgeries are also some demand based factors fostering the growth of the global medical tubing market. Constant customization of polymers and restructuring of the tubing has developed various scopes of opportunities for the global medical tubing market. In addition, legal complexities implemented by government to produce medical tubing is hindering the growth of the global market at some extend.
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Global Medical Tubing Market: Regional Analysis
Geographically, Europe is currently dominating the global medical tubing market and it is expected to retain the position due to establishment of medical facilities. Asia Pacific region is projected to grow rapidly in coming period due to government initiatives and improved standard of living. India, Japan, and China are some of the regions responsible for the rise in the growth of global market.
Global Medical Tubing Market: Competitive Players
Some of the major players leading in the global medical tubing market and appreciatively making their efforts to boost the market. These key players include Vention Medical Inc., Lubrizol Corporation, Polyone Corp., DOW Coning Corporation, W.L. Gore & Associates, Inc., Saint-Gobain Performance Plastics, Bluestar Silicones International, Freudenberg Medical, LLC, Tecknor Apex Co, Vention Medical Inc., Raumedic AG, and Lubrizol Corporation.
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Global Medical Tubing Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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