Global Medical Tubing Market

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 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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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 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. 

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Global Medical Tubing Market

Report ID: SQMIG35A2227

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