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 2025-2032


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

Medical Tubing Market Insights

Medical Tubing Market size was valued at USD 13.01 Billion in 2023 and is poised to grow from USD 13.82 Billion in 2024 to USD 22.36 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).

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.

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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 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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