Bulk Disposable Tubing Segment to Bolster Medical tubing Market Growth During 2023–2031
According to our new research study on "Medical tubing Market Forecast to 2031 – Global Analysis – by Type, Structure, Application, and End User," the market is expected to grow from US$ 23.55 billion by 2031 from US$ 13.27 billion in 2023; it is estimated to grow at a CAGR of 7.4% during 2023–2031. The report highlights trends prevailing in the market, and drivers and restraints pertaining to the market growth.
Bulk disposable medical tubing enables the safe transfer of fluids and gases in the place of applications such as IV lines and ventilators. The materials used for its production may include PVC and silicon. This type of tubing is also made for single-use applications to avoid cross-contamination among patients. Healthcare institutions can maintain adequate stock levels to support emergencies and routine procedures with the assistance of bulk supply. Bulk disposable tubing is of great importance in contemporary medical practices as it supports patient care and complements surgical outcomes within healthcare facilities.
Increase In Medical Applications of Tubing Is Propelling The Growth of Medical Tubing Market.
Medical tubing is utilized in various medical and pharmaceutical applications, including fluid management, drainage, anesthesiology, respiratory equipment, intravenous (IV) administration, catheters, peristaltic pumps, dialysis, feeding tubes, and biopharmaceutical laboratory equipment. Medical interventions that involve specialized medical tubing are often needed in the management of chronic diseases, such as diabetes, cardiovascular diseases, and cancer. In 2022, the American Cancer Society estimated 26,380 new cases of stomach cancer (gastric cancer) in the US. According to the Global Cancer Statistics published in 2022 by GLOBOCAN, the category of trachea, bronchus, and lung cancer was the most common cancer condition worldwide, followed by breast cancer and colorectal cancer, respectively. As per the International Agency for Research on Cancer (IARC), nearly 1 in 5 people would develop cancer during their lifetime, and ~ 1 in 9 men and ~1 in 12 women succumb to the disease. With the rising prevalence of chronic diseases, healthcare systems continuously seek medical devices such as infusion devices, catheters, and IV administration systems using tubing to effectively manage these conditions. Companies such as RAUMEDIC AG and Saint-Gobain offer a wide range of medical tubing systems for drug delivery devices, infusion devices, internal feeding systems, and peristaltic pumps.
The medical tubing market is segmented on the basis of type, structure, application, end user, and geography. The medical tubing market, based on type, is segmented into polyvinyl chloride (PVC), polyimide/nylons, polytetrafluoroethylene (PTFE)/thermoplastic elastomers (TPES), thermoplastic polyurethanes (TPUS), polyvinylidene fluoride (PVDF), polypropylene and polyethylene, silicon, and others. The polyvinylcloride (PVC) segment held the largest share of the medical tubing market in 2023, and it is expected to register the highest CAGR during 2023–2031.
The market, based on structure, is segmented into single-lumen tubing, multi-lumen tubing, multilayer extruded tubing, tapered or bump tubing, braided tubing, balloon tubing, corrugated tubing, heat shrink tubing, and others.
Based on application, the market is segmented into bulk disposable tubing, catheter and cannula, drug delivery systems, and others.
In terms of end user, the medical tubing market is segmented into hospitals, clinics, ambulatory care centers, medical device companies, laboratories, etc. The hospital and clinics segment held the largest share in the medical tubing market in 2023. Hospitals and clinics generate a significant demand for medical tubing, considering the rising need for more efficient healthcare delivery and patient-friendly services. They are equipped with cutting-edge technologies that include medical tubing in their setup for applications such as IV administration, catheterization, and respiratory support. Developments in medical tubing solutions are aligned with changes in consumer needs for patients' safety and comfort in hospitals and clinics because they need higher biomedical compatibility and designs for less risk of infection and complications. The need for long-term care and surveillance services surges with the growing incidence of chronic disease and population aging. On a broad basis, the focus on shorter stays in hospitals and better efficiency of treatment positions medical tubing as an essential component in the shifting landscape of hospitals and clinics that will eventually culminate in better patient care.
In terms of geography, the medical tubing market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). North America held the largest share of the medical tubing market in 2023. The presence of key market players, early adoption of technologically advanced products, and well-established healthcare infrastructure are the key factors anticipated to drive the market growth. The growth of the market for medical tubing in the US is driven by the higher rate of early adoption of emerging medical technology advancements in the future, coupled with the rising prevalence of chronic diseases. In June 2020, Nordson Corporation acquired Fluortek, Inc., an Easton, Pennsylvania-based precision plastic extrusion manufacturer that serves the medical device industry with custom-dimensioned tubing. As Nordson MEDICAL continues expanding differentiated product offerings, the acquisition of Fluortek enhances the ability to deliver critical components that make customers' most complex medical device innovations possible. This offering further deepens Nordson MEDICAL's position as a component and device manufacturing capability provider for OEMs throughout the interventional, minimally invasive, and surgical medical device landscape.
The higher rate of early adoption of emerging medical technology advancements in the future, coupled with the rising prevalence of chronic diseases, is likely to increase the demand for medical tubing solutions. As healthcare delivery continues to focus on efficiency and patient safety, investing in this area is expected to
reap good returns and form an attractive channel of investing for growth-driven investors across the US.
Nordson Corp, MicroLumen Inc., Polyzen Inc, Accu-Tube LLC, TE Connectivity Ltd, Freudenberg Medical LLC, Compagnie de Saint Gobain SA, W L Gore and Associates Inc, The Lubrizol Corporation, TEKNI-PLEX, Raumedic AG, Axiom Medical Inc, Zeus Industrial Products Inc, Teleflex Inc, and Boston Scientific Corp, and DuPont de Nemours Inc are among the key players in the market.
Companies operating in the medical tubing market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the medical tubing market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.
A few of the developments made by the companies operating in medical tubing market are as follows:
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