medical tubing Market

The medical tubing market is expected to reach US$ 23.55 billion by 2031 from US$ 13.27 billion in 2023; the market is estimated to grow at a CAGR of 7.4% during 2023–2031. Major factors driving the market growth include an increase in medical applications of tubing and expanding applications in the pharmaceutical and biopharmaceutical processing. Further, the tubing with smart technology integration is likely to boost the market during the forecast period. However, recalls due to product failure are among the market deterrents.

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. RAUMEDIC's silicone tubing is ideal for use in medical pump devices. Patients suffering from chronic diseases often require hospitalization, wherein treatment processes such as catheterization, drainage, and infusion involve the use of medical tubing. Patients with serious chronic conditions may also need surgical interventions, making medical tubing products invincible. Reliable and effective medical tubing solutions significantly contribute to patient safety and the success of treatments.

Crohn's disease (a gastrointestinal disease associated with trauma), bowel obstruction, microscopic colitis, short bowel syndrome, and ulcerative colitis are a few of the common gastrointestinal disorders. Patients suffering from these conditions are provided with enteral nutrition, which utilizes feeding tubes, as consuming food orally is not feasible. In September 2023, Cardinal Health launched a novel Kangaroo OMNI enteral feeding pump with a Kangaroo feeding tube featuring IRIS Technology. The pump is equipped with a camera to assist in the placement of small-bore feeding tubes. Developed with a focus on patient safety and innovation, this advanced pump delivers nutrition and hydration for individuals from different age groups, whether in hospitals, at home, or elsewhere. Therefore, an increase in the medical applications of tubing, coupled with a surge in the number of chronic disease cases, drives the medical tubing market toward growth.

The comparative company analysis evaluates and categorizes the medical tubing market based on product portfolio (product satisfaction, product features, and availability), recent market developments (merger & acquisition, new product launch & enhancement, investment & funding, award, agreement, collaboration, & partnership, recognition, and expansion), and geographic presence that aids better decision-making and understanding of the competitive landscape. The report profoundly explores the recent significant developments and innovations by the leading vendors in the global medical tubing market. The key market players are Nordson Corp, Microlumen Inc., Polyzen Inc., Accu-Tube LLC, TE Connectivity, Freudenberg Medical LLC, Spectrum Plastics Group Inc, Compagnie de Saint Gobain SA, Optinova AB, Trelleborg AB, and GlobalMed Inc.

Based on type, the medical tubing market is segmented into polyvinylchloride (PVC), polyimide/nylons, PTFE/thermoplastic elastomers, thermoplastic polyurethanes (TPUS), polyvinylchloride, polyvinylidene fluoride (PVDF), polypropylene and polyethylene, silicone, and others. In 2023, the polyvinylchloride (PVC) segment held the largest share of the market. However, the silicon segment of the medical tubing market is expected to register the highest CAGR during 2023–2031. Based on structure, the medical tubing market is segmented into single-lumen, multi-lumen, multi-layer extruded tubing, tapered or bump tubing, braided tubing, balloon tubing, corrugated tubing, heat shrink tubing, and others. In 2023, the single-lumen segment held the largest share of the market. The tapered or bump tubing segment is expected to register the highest CAGR during the forecast period. Based on application, the medical tubing market is segmented into bulk disposable tubing, catheters & cannula, drug delivery system, and others. In 2023, the bulk disposable tubing segment held the largest share of the market. Further, the catheters & cannula segment is also expected to register the highest CAGR during the forecast period. Based on end user, the medical tubing market is segmented into hospitals and clinics, ambulatory care centers, medical labs, and others. In 2023, the hospitals segment held the largest market share. Further, the market for the ambulatory care centers segment is also expected to grow at the highest CAGR during the forecast period.

Various organic and inorganic strategies are adopted by companies operating in the medical tubing market. The organic strategies mainly include product launches and product approvals. Inorganic growth strategies witnessed in the market are acquisitions, collaboration, and partnerships. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, along with contributing to the overall market growth. Furthermore, strategies such as acquisitions and partnerships helped strengthen their customer base and extend their product portfolios. A few of the significant developments by key players in the medical tubing market are listed below.

• In January 2020, Nordson Corporation acquired Fluortek, Inc., an Easton, Pennsylvania-based precision plastic extrusion manufacturer that provides custom-dimensioned tubing to the medical device industry. The acquisition of Fluortek is expected to enhance Nordson’s ability to deliver critical components. This offering further supports Nordson MEDICAL’s position as a leading full-service solution provider of component and device manufacturing capabilities for OEMs across the interventional, minimally invasive, and surgical medical device landscape.
• In October 2022, Trelleborg Healthcare & Medical exhibited advanced polymer solutions for healthcare and medical applications at MD&M Minneapolis. Trelleborg’s newly acquired, advanced capabilities in thermoplastic injection molding were on display. The company also highlighted its drug-eluting capabilities, rapid development center, tubing and hose, and molded parts, as well as its multicomponent and micro-molding offerings.
• In September 2022, Spectrum Plastics Group announced the assignment of new business unit names to reflect the continued expansion into key market segments. The four new business unit names that have been implemented are Fluid Management (FM), Interventional & Surgical Technologies (IST), Specialty & Medical Flexibles (SMF), and Specialty Molding (SM).