Global Medical Tubing Market

Global Medical Tubing Market Size, Share, Growth Analysis, By Product(Silicone, Polyolefins), By Application(Bulk Disposable Tubing, Drug Delivery systems) - Industry Forecast 2024-2031

Report ID: SQMIG35A2227 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 68 | Figures: 77

Global Medical Tubing Market Dynamics

Global Medical Tubing Market Drivers

Development of Healthcare Infrastructure to Bring Lucrative Opportunities

  • Chronic diseases such as diabetes, cardiovascular diseases, and cancer are becoming more prevalent worldwide. The management and treatment of these diseases often require the use of medical tubing products, such as catheters, IV tubing, and respiratory tubing.
  • Governments and private organizations worldwide are increasing their spending on healthcare infrastructure, including medical devices such as medical tubing. This is driving demand for medical tubing products in hospitals, clinics, and other healthcare facilities.

Global Medical Tubing Market Restraints

Product Failure to Hinder Market Growth

  • Medical tubing is a critical component of medical devices and failure can lead to serious consequences, including injury or death. As a result, companies must ensure that their products meet the highest quality and safety standards, which can be a challenging and costly process.
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FAQs

Global Medical Tubing Market size was valued at USD 12.25 billion in 2022 and is poised to grow from USD 13.01 billion in 2023 to USD 21.05 billion by 2031, at a CAGR of 6.2% during the forecast period (2024-2031).

The market for cosmetic dentistry is fragmented worldwide, with the majority of market revenue coming from large and medium-sized firms. Major players are using a variety of tactics, strategic agreements, engaging in mergers and acquisitions, and contracts, as well as creating, experimenting with, and launching more efficient products. '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)'

Chronic diseases such as diabetes, cardiovascular diseases, and cancer are becoming more prevalent worldwide. The management and treatment of these diseases often require the use of medical tubing products, such as catheters, IV tubing, and respiratory tubing.

The demand for minimally invasive surgical procedures is on the rise due to their numerous benefits such as faster recovery time, reduced scarring, and lower risk of infection. Medical tubing plays a crucial role in such procedures, as it enables physicians to access internal organs and tissues with greater precision and accuracy.

Due to its industrial dynamics and abundant commodity supply, North America dominated the market and contributed 37.6% of worldwide revenue in 2022. A number of key factors that influence the region's healthcare market include the existence of a sizable senior population in nations like the United States and Canada, an advanced healthcare infrastructure, and patients with relatively higher discretionary income levels.

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Global Medical Tubing Market

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