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Medical Tubing Market: Rise in Awareness about Advancements in Medical Facilities to Drive the Market

August 2nd, 2021 Transparency Market Research Releases

Medical Tubing Market: Overview

Medical tubing find wide range of applications in the medical and pharmaceutical industries. In healthcare settings, they are popularly used in the administration of fluids and devices or for transfer of gas. Some of the common examples where medical tubing find use are IVs and ventilators. The medical tubing market has thus seen rise in sales proceeds from the growing use of medical tubing in catheters. Rise in cardiac catheterization, increasingly in interventional cardiology is a key trend that has spurred the sales in the medical tubing market.

Growing incidence of congenital heart defects is a key trend boosting the prospects in the market. Advances in design have allowed manufacturers to address the customized need of the medical industry. For instance, prototypes for complex catheters present an interesting avenue. Manufacturers are keenly working toward reducing the delivery period and simplifying the RFQ process. The implementation of new strategies is expected to boost the prospects.

Incorporation of better composite materials is a key trend bolstering the avenue for manufactures and distributors. Of all, polyimide tubing are PTFE tubing used to develop specialized medical tubing. The application of remarkably precise heat-stabilized non-shrink tubing in making several medical tubing products has risen, propelling the revenues in the medical tubing market. The growing traction of PET heat shrink tubing in catheters has added to the revenue prospect.

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Medical Tubing Market – Snapshot

Medical tubing is designed for a number of applications that allow clinicians to administer fluid and devices or allow for gas flow. Common applications of medical tubing include ventilators and IVs, but tubing also finds uses supporting access devices and as a delivery method for other devices. For example, tubing can be used to drive catheters in cardiac catheterizations to test for heart disease and locate narrowing blood vessels, measure pressure and oxygen levels in different parts of the heart, check pump functions, biopsy, diagnose congenital heart defects and identify heart valve issues using catheterizations. Different uses can require different materials and highly specialized manufacturing methods.

There are a variety of materials associated with medical tubing, all of which have varying physical parameters like temperature range, pressure capabilities and chemical resistance. Materials include PVC, silicone, TPE, fluoropolymers and more, according to Grand View Research. Varying materials are needed for things like bulk disposable tubing, drug delivery systems, catheters, biopharmaceutical laboratory equipment and more. Medical tubing is tubing that meets medical industry requirements and standards for a variety of medical or pharmaceutical related applications. Medical tubing is used for fluid management and drainage as well as with anesthesiology and respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment.

Medical tubing is used in the medical industry in various pharmaceutical or medical related applications to meet their requirements and standards. It is used for management of drainage and fluid. Medical tubing is also used with anesthesiology and respiratory equipment, IVs, peristaltic pumps, catheters, and biopharmaceutical laboratory equipment. Medical tubing usage is directly applicable to the human body, this is why for manufacturing of medical tubing there is a need for certain certifications and a standard procedure. Specific materials with desired specifications are used to manufacture medical tubing.

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According to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2016, there were approximately 56% of total expenditures in surgical procedures and nonsurgical procedures accounted for around 44%. In 2017 there were approximately 77% of the total expenditures in surgical procedures in 2017 and nonsurgical procedures accounted for 23%. This thereby specify the increase in the expenditure towards healthcare field and indicating the expansion in the facilities and products. Increase in the geriatric population undergoing various treatments involving medical tubing, rise in awareness about advancements in medical facilities, initiatives by governments in health care, surge in demand for medical devices comprising medical tubing, increase in demand for minimally invasive surgeries drive the global medical tubing market. However, stringent government regulations and high R&D expenditure are expected to restrain the global market.

In terms of material type, the global medical tubing market can be segmented into polyvinyl chloride (PVC), thermoplastic polyurethane (TPU), thermoplastic elastomer (TPE), polyolefins, silicone, and others. The silicone medical tubing segment is projected to grow at a rapid pace due to excellent sterilization and microwave properties. Based on structure, the market can be divided into single-lumen, co-extruded, multi-lumen, bump tubing, heat shrink tubing, balloon tubing, and braided tubing. In terms of application, the global medical tubing market can be classified into bulk disposable tubing, drug delivery system, catheters & cannulas, and special applications.

Special applications include peristaltic pump, gas supply, smoke evacuation, and feeding tubes. The bulk disposable tubing segment is anticipated to dominate the global market as bulk disposable systems make extensive use of medical devices. The bulk disposable tubing segment comprises tubes used for IV infusion, blood transfusion, drug delivery disposables, respiratory disposables, laboratory disposables, products for dialysis, and wound management disposables.

In terms of region, the global medical tubing market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period due to advanced and sophisticated health care infrastructure, initiatives by governments to improve the health care infrastructure, and focus on research and development activities. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period due to increase in the geriatric population, surge in awareness among people regarding treatments, rise in demand for minimally invasive surgeries, and government initiatives.

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Key players in the global medical tubing market are The Lubrizol Corporation, Zeus Industrial Products, Inc., Teleflex Incorporated, Saint-Gobain Performance Plastics, Nordson Corporation, Raumedic AG, Tekni-Plex, W. L. Gore & Associates, Freudenberg Medical, and The Dow Chemical Company. These players have adopted growth strategies such as partnerships, agreements, collaborations, and new product development to gain competitive advantage in the medical tubing market.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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