USD 12.25 billion
Medical Tubing Market Size, Share, Growth Analysis, By Product(Silicone, Polyolefins, Polyvinyl Chloride, Polycarbonates), By Application(Bulk Disposable Tubing, Drug Delivery systems, Catheters, Biopharmaceutical Laboratory Equipment), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2227 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
68
|Figures:
77
Medical Tubing Market Insights
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 medical tubing market growth is expected to boost over the forecast period by factors such as easy consumer access to healthcare items and the growing need for medical devices with efficient tubing globally. The demand for medical tubes in drug delivery systems is expected to be motivated by the requirement for customizable medical tubes, which has been brought about by the continuous developments in drug delivery systems that has been done by medical device makers. Furthermore, the exponential growth of partnerships and joint ventures between different types of medical device companies that are expected to expand the disposable medical devices' scope globally will drive market growth. The rise in the elderly populations worldwide has increased medical devices with tubes, propelling market expansion. Moreover, the increasing cases of conditions such as cancer, arthritis, cardiovascular diseases, and others requiring anatomic and reconstructive surgical operations increase the demand for less invasive treatment practices. In addition, the increased use of materials such as silicone, nylon, and plastic polymers that are considered ideal for catheter and medical tubing applications has increased the demand for medical tubing worldwide. Furthermore, life expectancy shall rise in developing nations also because of well-equipped health care facilities. Due to this demographic change, there will be a growing demand for portable and light-medical tubing along with medical equipment for them. The usage of devices such as patient monitoring equipment and everlasting tube feeding equipment is predicted to increase sharply throughout the projection period, offering growth potential for the medical tubing industry.
US Medical Tubing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Polyvinyl Chloride
Fastest Growth
Polyvinyl Chloride
Growth Rate
6.2% CAGR
Global Medical Tubing Market ($ Bn)
Country Share for North America Region (%)
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Medical Tubing Market Segmental Analysis
Global Medical Tubing Market is segmented on the basis of product, application and region. By product, the market is segmented into silicone, polyolefins, polyvinyl chloride, polycarbonates, fluoropolymers, and others. By application, the market is segmented into bulk disposable tubing, drug delivery systems, catheters, biopharmaceutical laboratory equipment, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Medical Tubing Market Analysis by Application
As per the medical tubing market forecast, the market leader, with a 34.5% revenue share in 2023, was the bulk disposable tubing category. Needles, syringes, surgical tools, and urology supplies are instances of bulk disposable devices. Over the course of the forecast period, increasing focus on stopping the spread of illness from one patient to another is expected to propel sector growth. Silicone and polyvinyl chloride (PVC) are key components utilized in the development of bulk disposable tubing. As silicone bulk disposable medical tubing is strong and flexible and resistant to extreme temperature changes, it is frequently utilized in medical implants and in draining and feeding applications.
However, based on the medical tubing market analysis, catheters are expected to lead the market. Narrow tubes made of high-quality materials, catheters, are used in several medical applications. They are inserted into patients' bodies to conduct operations or treat illnesses. The rising number of chronic illnesses requiring hospitalization in the world's population has stimulated demand for catheters. Silicone and polyvinyl chloride (PVC) are two common materials utilized in catheter development. People who are allergic to or sensitive to latex can use silicone catheters because they don't contain latex. Furthermore, due to its extensive use and extensive testing, silicone is one of the materials that is chosen over latex. The flexibility and smoothness of silicone catheters are some of its benefits. In addition, their encrustation is lower.
Medical Tubing Market Analysis By End User
The hospitals segment held the largest medical tubing market share in 2023. Since numerous applications to be used in hospitals rely on medical tubing including IV administration, respiratory care, drainage, and feeding, it is widely demanded. Medical tubing is of prime importance in patient care, mainly in emergency rooms, operating rooms, and ICUs. Hospitals are a huge market for the consumption group where the demand can be met because of the wide application of medical tubing in therapeutic, monitoring, and diagnostic operations. Such hospitals form the biggest consumption group. They need high-quality, flexible, and sterilizable tubing as support for a whole range of lifesaving medical equipment, such as catheters, infusion pumps, and ventilators.
However, the ambulatory surgical centers (ASCs) segment is the fastest-growing end users in the medical tubing industry. ASCs are becoming a rapidly growing market for medical device manufacturers, especially with respect to medical tubing, as this form of outpatient treatment continues to rise. Popularity in minimally invasive surgical procedures and the continuously growing need for budget-friendly, non-hospital-based treatment drive the requirement for specialty surgical tubing applied in various conditions, such as laparoscopic and endoscopic surgery. A significant helping factor is the development of elastic, long-lasting, and user-friendly medical tubing materials. The demand for medical tubing in ASCs is expected to increase due to a growing tendency toward outpatient surgery and a higher patient population.
Global Medical Tubing Market Size By Product
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Medical Tubing Market Regional Insights
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.
Global Medical Tubing Market Size By Region
- Largest
- Fastest
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Medical Tubing Market Dynamics
Medical Tubing Market Drivers
Increasing Demand in Home Healthcare
- 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.
Advancements in Polymer Materials
- Current advances in polymer materials are capable enough to realize advanced performance and functionality of medical tubing. But high-performance polymers can offer superior performance in harsh environments and meet stringent requirements of complex medical procedures, such as catheterization and high-pressure infusion, while thermoplastic elastomers possess better flexibility and better chemical resistance and more durability than traditional materials.
Medical Tubing Market Restraints
Plastic Waste Impacting Environment
- Medical tubing is integral to health care. While plastic tubing for single use has become more of an environmental issue, the prevalence of PVC tubing in traditional medical tubing only adds to the growing problem of plastic in the environment. Government regulations and rising demand from consumers for environmental-friendly substitutes will challenge this market as sustainability grows to be on the global agenda. In this light, this market has to absorb more ecological products, such as biodegradable polymers. Change of this type poses its financial and technological problems.
Contamination and Infection Risk
- Even with appropriate sterilization procedures, there is still a concern of infection and contamination in medical tubing. This danger is even higher in ICU or operations and may be at an increased risk as the transference of a bacterium or virus is possible when tubing is being reused. This is another safety risk which is currently hindering market growth as producers are more concerned about enhancing material safety, sterilizing procedures, and producing single-use tubing products to reduce contamination concerns.
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Medical Tubing Market Competitive Landscape
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.
Top Player’s Company Profiles in Global Medical Tubing Market
- 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)
Global Medical Tubing Market Recent Developments
- In March 2024, Perceptis Medical, the leader in medical technology dedicated to an unmatched commitment to making more minimally invasive ear tube options accessible to kids, has unveiled its Hummingbird Tympanostomy Tube System, or TTS website.
- In February 2024, Perceptis Medical announced that it had completed its sale to EQT, a private equity firm; Zeus had the company's medical tubing manufacturing business seized.
- In February 2023, Freudenberg extended their manufacturing of medical tubing to Massachusetts. According to the objective announced, it will offer custom solutions to its Eastern U.S. clients.
Medical Tubing Key Market Trends
- 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.
- Focus on Patient Safety and Biocompatibility: To enhance patient safety, the medical tubing material practice has an increasingly more biocompatible effect. To prevent harmful reactions such as allergic reactions or toxicities, tubing used in life-critical applications, including ventilator systems, IV lines, and catheters must be designed under very stringent requirements. Emphasis is placed on non-toxic or biocompatible materials by the manufacturers, to ensure that their products are safe for extensive patient contact, particularly vulnerable groups, such as newborn babies or elderly patients.
Medical Tubing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the medical tubing market outlook will experience steady growth attributed to rising healthcare costs, an aging global population, and technological development. Growth in minimally invasive procedures, shift to the home healthcare sector, and a growing need for high-end materials and environmentally friendly solutions are the important factors that will shape the future of the market. These factors may be offset by constant innovation and improvement of superior tube materials, production techniques and approval regulations. Great expansion is predicted in several regions as patients require more personalized, biocompatible, and sustainable solutions and health care providers also want the same. Large companies are anticipated to invest in product development and strategic partnerships to keep up with changing industry needs.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 12.25 billion |
| Market size value in 2031 | USD 21.05 billion |
| Growth Rate | 6.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Tubing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Tubing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Tubing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Tubing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Tubing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Tubing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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