
Report ID: SQMIG35A2227
Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the medical tubing market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of medical tubing market across North America, South America, Europe, Asia, the Middle East, and Africa.
North America dominated the revenue segment of the medical tubing market in 2023 with a share of 35.5%. The region enjoys immense healthcare investment, continuous technological advancements, and developed healthcare infrastructure. High government spending has remained a significant driver for market growth, mostly in the US. This commitment to healthcare funding is reflected in the fact that, in 2021, Medicare expenditure increased by 8.4% to USD 900 billion, while Medicaid spending rose by 9.2% to USD 734 billion. Indeed, a large part of this dominant position maintained by North America in the medical tubing market is sustained through such robust financial support and the presence of important industry companies such as Bentec Medical, Spectrum Plastics Group, and NewAge Industries.
Contrarily, expansion in Asia-Pacific is expected to grow most rapidly in the medical tubing market due to the confluence of increased demand for sophisticated medical devices and increased accessibility to health care. Manufacturers continue to strive for increasingly innovative solutions that are more affordable for a broader array of consumers. Demand for less-invasive operations is making the market expand because the procedure requires medical tubing. Furthermore, the region is experiencing a rising population of seniors who require more health care service, especially surgical operations and chronic diseases management. As a result of healthcare infrastructure improvements and increased expenditure, Asia-Pacific is predicted to witness a tremendous growth of the medical tubing market in the future.
REQUEST FOR SAMPLE
Medical Tubing Market size was valued at USD 13.01 Billion in 2023 and is poised to grow from USD 13.82 Billion in 2024 to USD 22.36 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).
The competitive environment of the medical tubing market is highly energized with strong competitors. Companies are very eager to fulfill the dynamic demands of healthcare applications by improving material performance, diversifying product lines, and developing new products. Strategic alliances, mergers, and acquisitions dominate the businesses' search for strengthening their market position and accessing new opportunities in home healthcare, minimally invasive treatments, and sustainability-focused solutions. 'Saint-Gobain S.A. (France)', 'Tekni-Plex, Inc. (United States)', 'Nordson Corporation (United States)', 'Zeus Industrial Products, Inc. (United States)', 'Teleflex Incorporated (United States)', 'Freudenberg Group (Germany)', 'Lubrizol Corporation (United States)', 'W. L. Gore & Associates, Inc. (United States)', 'Raumedic AG (Germany)', 'Trelleborg AB (Sweden)', 'Freudenberg Medical, LLC (United States)', 'Vention Medical, Inc. (United States)', 'Putnam Plastics Corporation (United States)', 'MDC Industries, Inc. (United States)', 'Teknor Apex Company (United States)', 'Scapa Group plc (United Kingdom)', 'Optinova Group (Finland)', 'Medtronic plc (Ireland)', 'Tekni-Plex Europe NV (Belgium)', 'Spectrum Plastics Group (United States)', 'GMMI S.p.A. (Italy)', 'MicroLumen, Inc. (United States)'
Medical tubing is in demand due to an ever-growing market for home healthcare services. More and more patients are being treated outside hospitals, receiving intravenous therapy, wound care, or other respiratory care support-all of which require medical tubing-as advances in telemedicine and remote monitoring make this possible. Other related factors driving the demand for reliable, user-friendly tubing solutions for safe and effective patient care in alternative out-of-hospital settings include the growing trend toward at-home care.
Procedures for Minimally Invasive Surgery: One of the fastest-growing medical tubing market trends affecting the market significantly is in the form of minimally invasive procedures (MIS). For MIS, very flexible tubing specializing in placement within tiny incisions or natural body holes must be provided to accommodate procedures such as laparoscopy and endoscopy. The market is expected to grow because the demand for less invasive surgical techniques is increasing and specialty tubing made for such operations has a higher need, specifically in fluid and gas management.
North America dominated the revenue segment of the medical tubing market in 2023 with a share of 35.5%. The region enjoys immense healthcare investment, continuous technological advancements, and developed healthcare infrastructure. High government spending has remained a significant driver for market growth, mostly in the US. This commitment to healthcare funding is reflected in the fact that, in 2021, Medicare expenditure increased by 8.4% to USD 900 billion, while Medicaid spending rose by 9.2% to USD 734 billion. Indeed, a large part of this dominant position maintained by North America in the medical tubing market is sustained through such robust financial support and the presence of important industry companies such as Bentec Medical, Spectrum Plastics Group, and NewAge Industries.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG35A2227
[email protected]
USA +1 351-333-4748