The Global medical tubing market is valued at USD 13.04 billion in 2022 and is projected to reach a value of USD 22.41 billion in 2030 expanding at a CAGR of 7.00% over the forecast period of 2022-2030.
The demand for disposable medical equipment is anticipated to increase as people become more aware of hospital-acquired illnesses and have greater concerns about their spread. The market expansion is anticipated to be boosted by the rising number of joint ventures and collaborations between different firms in the medical device industry, which will increase the worldwide reach of disposable medical devices.
Medical tubing is made of recyclable plastic and is strong and flexible. The incorporation of bioactive components into extruded materials as a strategy to distribute medications and promote healing is the result of changes in manufacturing techniques. For instance, silicone can be used with pharmaceutical components to offer a number of advantages. The parameters of silicone's absorption are very consistent. Drug-encrusted tubing can be extruded and blended into silicone using ultraviolet light curable silicones without compromising the medication's effectiveness. These drugs can be released at set rates and are primarily antimicrobials or antibiotics. Medical tubing is employed in numerous therapeutic procedures; as a result, its production calls for some certifications and a set procedure. Medical tubing is made from various materials that meet predetermined criteria.
As they are chosen in medical operations including angioplasty, endoscopy, and drug delivery systems, medical tubes have shrunk and gotten thinner. Microtubes are a crucial part of the surgical equipment, suction, and fluid delivery systems that are used to operate on the organ or tissue of the patient. Given the intense demand on businesses in this sector to create high-quality solutions, it is anticipated that the medical tubing market will continue to be very competitive in the future.
Medical tubing is made of a number of materials, each of which has unique physical characteristics like temperature range, pressure capacity, and chemical resistance. Materials include PVC, silicone, TPE, fluoropolymers, and more. For items such bulk disposable tubing, drug delivery systems, catheters, biopharmaceutical laboratory equipment, and more, various materials are required. For a range of medical or pharmaceutical purposes, medical tubing is tubing that complies with the standards and specifications set forth by the medical industry. Medical tubing is utilised with anaesthesia and respiratory devices, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment in addition to fluid management and drainage.
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Global Medical Tubing Market: Segmental Analysis
Based On Product:
• Silicone
• Polyolefin
• Polyvinyl Chloride
• Polycarbonates
• Fluoropolymers
• Others
Based On Application:
• Bulk Disposable Tubing
• Drug Delivery Systems
• Catheters
• Biopharmaceutical Laboratory Equipment
• Others
Key Players:
Some of the prominent companies operating in the market are Asahi Tec Corp.; MDC Industries; Nordson Corp.; ZARYS International Group; Hitachi Cable America, Inc.; NewAge Industries, Inc.; TE Connectivity; Freudenberg Co. KG; Spectrum Plastics Group; ATAG SpA; Saint-Gobain; Bentec Medical; Trelleborg AB; MicroLumen, Inc.; Optinova; Vanguard Products Corp.
Impact of COVID-19 on the global market for medical tubing
There are several uses for medical tubing, including bulk disposable tubing, catheters and cannulas, medication delivery systems, and specialised uses. The Covid-19 pandemic led to a surge in the usage of medical devices in the healthcare sector. The epidemic caused the market for medical tubing to expand at an unprecedented rate. The need for breathing tubes, IV tubes, drug delivery tubes, and other tubes increased. Due to the COVID-19 pandemic's high contagiousness, hospitals in the US lengthened their IV tubing so they could be placed outside of patient rooms.
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Frequently Asked Questions (FAQs):
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