Global Surgical Tubing Market

Surgical Tubing Market Size, Share, Growth Analysis, By Structure(Braided Tubing, Single-lumen), By Material(Polyvinyl Chloride, Thermoplastic Elastomer), By End-user(Hospitals and Clinics, Ambulatory Surgical Centers) - Industry Forecast 2024-2031

Report ID: SQMIG35A2844 | Region: Global | Published Date: April, 2024
Pages: 196 | Tables: 94 | Figures: 75

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Surgical Tubing Market size was valued at USD 10.14 Billion in 2022 and is poised to grow from USD 11 Billion in 2023 to USD 21.13 Billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

The competitive environment of the Surgical Tubing Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. '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)'

The increasing aging population across the globe has increased the need for piped medical devices, driving the market significantly. In addition, the increasing prevalence of cardiovascular diseases, cancers, rheumatoid arthritis and other diseases requiring complex surgical procedures has increased the demand for minimally invasive treatments. This has led to nylon, plastic polymers, silicone, etc. being widely used, ideal for catheters and medical tubes. Hose demand has increased. The presence of older people & improved health care, as well as relatively high patient spending are some of the most important drivers of the health care sector in the United States. The products are expected to include the demand for medical containers in applications such as catheters and drug dispensers.

Increasing Incidence of Chronic Diseases is Driving the Market: The increasing prevalence of chronic diseases such as cancer, rheumatoid arthritis and cardiovascular diseases requiring complex surgical procedures is expected to significantly increase the demand for surgical sutures, which is especially important during manufacture surgery. That is the key factor in increasing market growth. According to the National Health Service in England, the number of endoscopic procedures is estimated to increase from around 650,000 in 2011 to 900,000 by 2022. It is expected to be provided by a growing older population and people seeking a higher standard of living, opportunities for diversity and innovation.

Asia Pacific will dominate the market because of driving factors such as advanced medical infrastructure, large target population with high unmet needs, less congested channels a conversion, increased patient awareness, development of new, cost-effective medical container solutions and increased transaction costs. The demand for surgical blades is expected to witness rapid growth in emerging economies such as Japan, China, Brazil, India, Indonesia and South Korea during the forecast period.

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Global Surgical Tubing Market

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