Medical Tubing Market Size, Industry Analysis By Product (Silicon, Polyolefin) By Application (Bulk Disposable Tubing, Catheters) & Region - Forecast
- PUBLISHED ON
- 2024-02-08
- NO OF PAGES
- 220
- CATEGORY
- Healthcare & Life Sciences
Global Medical Tubing Market Analysis by Product, Application, Region and segments forecast till 2033
Market Overview
The Global medical tubing market is valued at USD 13,040 million in 2022 and is projected to reach a value of USD 22,410 million in 2033 expanding at a CAGR of 7.00% over the forecast period of 2023-2033.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 13,040 Million |
Market Forecast in 2033 | USD 22,410 Million |
CAGR % 2023-2033 | 7.00% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Product, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Temmer Marble (Turkey), Hellenic Granite Company (Greece), California Crafted Marble, Inc. (US), Fox Marble Holdings plc (UK), Topalidis S.A. (Greece), Polycor Inc. (Canada), Kangli Stone Group (China), Dimpomar - Rochas Portuguesas Lda (Portugal), NAMCO CO. srl (Italy), Asian Granito India Limited (India), Dal-Tile Corporation (US), Hilltop Granites (India), Levantina y Asociados de Minerales, S.A. (Spain), First Marble & Granite (Qatar), Santucci Group (Italy), DELTA Marble, Mining, Construction Import and Export Inc. (Turkey), and Classic Marble Company (India) |
Medical tubing is defined as the tubing that meets medical industry requirements and also the standards for a variety of medical or pharmaceutical related applications. Medical tubing is used for fluid management, drainage, and also with anaesthesiology as well as respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. Medical tubing is set apart from other types of tubing because of its designation for medical applications, as it typically comes through standards or certifications that dictate material and specification requirements for tubes.
The increasing cases of respiratory diseases that includes asthma, lung cancer, and pulmonary fibrosis have boosted the product demand. This is because it is an essential component of respiratory devices that includes ventilators, that facilitate breathing. Also, the recent pandemic has led to a rise in the cases of hospitalization resulting in high product demand for enhanced patient care. Also, in Intensive Care Units (ICUs), disposable medical equipment is important for patient care that results in the increased demand for medical tubing as it is one of the important components of various medical devices.
One of the major factor that has fueled the market growth over the forecast period is the rising awareness about hospital-acquired diseases, with the rising concerns because of these infections. This has increased the growth of medical tubing as they are disposable and also the rise in number of collaborations and joint ventures between various companies. The major restrain to the market growth during the forecast year is the high competition and also high manufacturing prices of the medical tubing. This is because the manufacturing of these devices are expensive and also there is a high competition among companies in the market.
Product Insights
The polyvinyl Chloride (PVC) segment has dominated the market growth with a share of over 25% the forecast period. This is because of the rising adoption of single-use pre-sterilized medical devices that has led to the increased demand for PVC-based medical devices.
Application Insights
The bulk disposable tubing market has dominated the market growth with over 30% market share during the forecast period. This is because the bulk disposable devices include surgical instruments, urological products, syringes, and needles and also the rise in focus on the prevention of infection from one patient to another has boosted the segment growth over the forecast period.
Regional Insights
The Global medical tubing market is segmented into five main regions namely, North America, Europe, Asia Pacific, South America, and Middle East and Africa. Among these, North America has dominated the market growth over the forecast period. this is because of region is driven to maintain its leading position throughout the forecast period as the countries in the region have kept their R&D tax credit low. Also, various small, medium, and large companies have driven innovation in the healthcare sector in order to offer innovative treatments and devices and also to provide healthy lifestyles.
Competitive Analysis
Some of the prominent companies operating in the market are Asahi Tec Corp.; MDC Industries; Nordson Corp.; ZARYS International Group; Hitachi Cable America, Inc.; NewAge Industries, Inc.; TE Connectivity; Freudenberg & Co. KG; Spectrum Plastics Group; ATAG SpA; Saint-Gobain; Bentec Medical; Trelleborg AB; MicroLumen, Inc.; Optinova; Vanguard Products Corp.
· In July 2021, Freudenberg Medical, a global manufacturer of medical devices, announced that it had expanded its operations in South Africa. The expansion included the addition of a new production line for medical tubing, which will allow the company to meet the growing demand for its products in the region.
· In September 2020, Beznod, a South African company specializing in the production of medical-grade tubing, announced that it had received certification from the US Food and Drug Administration (FDA) for its products. The certification will allow the company to expand its exports to the US market.
Global Medical Tubing Market- Segmental Analysis
Based On Product:
• Silicone
• Polyolefin
• Polyvinyl Chloride
• Polycarbonates
• Fluoropolymers
• Others
Based On Application:
• Bulk Disposable Tubing
• Drug Delivery Systems
• Catheters
• Biopharmaceutical Laboratory Equipment
• Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Medical Tubing Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Medical Tubing Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Card Type/Card Type
• Company Share Analysis by Product/Specification
1.
Global Medical Tubing Market Introduction
and Market Overview
1.1. Objectives
of the Study
1.2. Medical Tubing Market Definition & Description
1.3. Global
Medical Tubing Market Scope and Market Estimation
1.3.1. Global
Medical Tubing Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast
(2023-2033)
1.3.2. Global
Medical Tubing Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market
Segmentation
1.4.1. Product
of Global Medical Tubing Market
1.4.2. Application
of Global Medical Tubing Market
1.4.3. Region of Global Medical Tubing Market
2.
Executive
Summary
2.1. Global
Medical Tubing Market Industry
Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Medical
Tubing Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region.
3. Global Medical Tubing Market Estimates & Historical Trend Analysis (2020 - 2022)
4.
Global
Medical Tubing Market Estimates &
Forecast Trend Analysis, By Type
4.1. Global
Medical Tubing Market Revenue (US$ Mn) Estimates and Forecasts, By Type, 2023
to 2033
4.1.1. Silicone
4.1.2. Polyolefin
4.1.3. Polyvinyl
Chloride
4.1.4. Polycarbonates
4.1.5. Fluoropolymers
4.1.6. Others
5.
Global
Medical Tubing Market Estimates &
Forecast Trend Analysis, By Application
5.1. Global
Medical Tubing Market Revenue (US$ Mn) Estimates and Forecasts, By Application,
2023 to 2033
5.1.1. Bulk
Disposable Tubing
5.1.2. Drug
Delivery Systems
5.1.3. Catheters
5.1.4. Biopharmaceutical
Laboratory Equipment
5.1.5. Others
6.
Global
Medical Tubing Market Estimates &
Forecast Trend Analysis, By Region
6.1. Global
Medical Tubing Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023
to 2033
6.1.1. North
America
6.1.2. Europe
6.1.3. Asia
Pacific
6.1.4. Middle
East & Africa
6.1.5. South America
7.
North
America Medical Tubing Market: Estimates
& Forecast Trend Analysis
7.1. North
America Medical Tubing Market Assessments & Key Findings
7.1.1. North
America Medical Tubing Market Introduction
7.1.2. North America
Medical Tubing Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
7.1.2.1. Based On Product
7.1.2.2. Based On Application
7.1.2.3. By
Country
7.1.2.3.1. The
U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Europe
Medical Tubing Market: Estimates &
Forecast Trend Analysis
8.1. Europe
Medical Tubing Market Assessments & Key Findings
8.1.1. Europe
Medical Tubing Market Introduction
8.1.2. Europe
Medical Tubing Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
8.1.2.1. Based On Product
8.1.2.2. Based On Application
8.1.2.3. By
Country
8.1.2.3.1. Germany
8.1.2.3.2. U.K.
8.1.2.3.3. France
8.1.2.3.4. Italy
8.1.2.3.5. Spain
8.1.2.3.6. Russia
8.1.2.3.7. Rest of Europe
9.
Asia
Pacific Medical Tubing Market: Estimates
& Forecast Trend Analysis
9.1. Asia
Pacific Market Assessments & Key Findings
9.1.1. Asia
Pacific Medical Tubing Market Introduction
9.1.2. Asia
Pacific Medical Tubing Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
9.1.2.1.
Based
On Product
9.1.2.2. Based On Application
9.1.2.3. By
Country
9.1.2.3.1. China
9.1.2.3.2. Japan
9.1.2.3.3. India
9.1.2.3.4. Australia
9.1.2.3.5. South
Korea
9.1.2.3.6. ASEAN
9.1.2.3.7. Rest of Asia Pacific
10. Middle East & Africa Medical Tubing Market: Estimates &
Forecast Trend Analysis
10.1. Middle
East & Africa Market Assessments & Key Findings
10.1.1. Middle
East & Africa Medical Tubing Market
Introduction
10.1.2. Middle
East & Africa Medical Tubing Market Size Estimates and Forecast
(US$ Million) (2023 to 2033)
10.1.2.1. Based On Product
10.1.2.2. Based On Application
10.1.2.3. By
Country
10.1.2.3.1. U.A.E.
10.1.2.3.2. Saudi
Arabia
10.1.2.3.3. Egypt
10.1.2.3.4. South
Africa
10.1.2.3.5. Rest of Middle East & Africa
11. South America Medical Tubing Market: Estimates &
Forecast Trend Analysis
11.1. South
America Market Assessments & Key Findings
11.1.1. South
America Medical Tubing Market Introduction
11.1.2. South
America Medical Tubing Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
11.1.2.1. Based On Product
11.1.2.2. Based On Application
11.1.2.3. By
Country
11.1.2.3.1. Brazil
11.1.2.3.2. Argentina
11.1.2.3.3. Colombia
11.1.2.3.4. Rest of South America
12. Competition Landscape
12.1. Global
Medical Tubing Market Competition Matrix & Benchmarking, by Leading Players
/ Innovators / Emerging Players / New Entrants
12.2. Global Medical Tubing Market Concentration & Company Market Shares (%) Analysis, 2022
13. Company Profiles
13.1. Asahi Tec Corp.
13.1.1. Company
Overview & Key Stats
13.1.2. Financial
Performance & KPIs
13.1.3. Product
Portfolio
13.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
13.2. MDC Industries
13.3. Nordson Corp.
13.4. ZARYS International Group
13.5. Hitachi Cable America, Inc.
13.6. NewAge Industries, Inc.
13.7. TE Connectivity
13.8. Freudenberg & Co. KG
13.9. Spectrum Plastics Group
13.10. ATAG SpA
13.11. Saint-Gobain
13.12. Bentec Medical
13.13. Trelleborg AB
13.14. MicroLumen, Inc.
13.15. Optinova
13.16. Vanguard Products Corp.
13.17. Others**
14. Research Methodology
14.1. External
Transportations / Databases
14.2. Internal
Proprietary Database
14.3. Primary
Research
14.4. Secondary
Research
14.5. Assumptions
14.6. Limitations
14.7. Report FAQs
15. Research Findings & Conclusion
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