San Francisco, 12 February 2019: The Report Medical Tubing Market Size, Share & Trends Analysis Report By Application
(Catheters, Drug Delivery Systems), By Polymer (Polyolefins, Polycarbonates,
Silicone), By Region, And Segment Forecasts, 2018 - 2025
The global medical tubing market size is expected to reach USD 11.95 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.1% over the forecast period. Owing to their inertness to body tissues and fluids and low cost for high volume applications plastic materials play an important role in the manufacturing of products, such as conduits for acquiring biopsy samples, stent holders, and vascular catheters. On account of their advantages, such as resistance to sterilization conditions and higher optical transparency, plastic products are witnessing increased adoption in medical equipment.
Medical tubes are inserted into the body
through nose or mouth to deliver anesthesia or oxygen. Depending on the
functionality and application of the device, the products are manufactured in
various shapes using specific polymers. In the healthcare industry, surgeons
and other end-users prefer miniature devices that enhance the performance of
surgical operations. Tubes with smaller and thinner diameter are mostly used in
endoscopic miniature devices, which are used for medical connectivity to
transfer data from a patient or a medical device to an analytical system.
As per the National Health Services,
England, the number of endoscopic procedures is expected to increase from
approximately 650,000 in 2011 to 900,000 by 2020. Many other surgical
procedures using minimally invasive devices are also expected to increase in
the coming years, thereby driving the demand for medical tubes. Rise in
consumer disposable income in developing countries, growing geriatric
population, and advances in healthcare facilities are some of the key factors
driving the medical tubing market.
The highly fragmented U.S. market is
witnessing consolidation as major medical plastic manufacturers and medical
device Original Equipment Manufacturers (OEM) are synergizing with various
market players in the value chain. For instance, specialty plastics
manufacturers, such as Kelcourt Plastics, Inc.; PEXCO LLC; and PPC Industries
Inc., merged and formed Spectrum Plastics Group. In 2017, Nordson Corporation
integrated horizontally forward across the value chain by acquiring Vention
Medical AT, a U.S.-based manufacturer of minimally invasive delivery devices.
Access Research Report of Medical Tubing Market @ www.grandviewresearch.com/industry-analysis/medical-tubing-market
Further key findings from the study suggest:
· Silicone polymer segment will be the
fastest-growing segment over the forecast period. Due to properties such as
hydrophobicity, chemical resistance, and thermal stability, silicone polymers
are increasingly used in the manufacturing of diagnostic guide wires,
defibrillators, suture sleeves, over-molded surgical blade, and heart pumps
· Bulk disposable tubing was the largest
application segment in 2017 and accounted for 35.2% of the global market
revenue
· Asia Pacific is estimated to witness robust
growth over the forecast period on account of increasing demand from the
healthcare sector in China, India, and Japan
· Medical device manufacturers prefer plastic
materials that not only meet the quality and safety requirements but also
comply with regulatory requirements. To meet the changing customer demand,
manufacturers, such as Zeus Industrial Products, Inc., have developed
biocompatible plastics, which also comply with the regulatory requirements
· Some of the key companies in this market
are ZARYS International Group; TE Connectivity Ltd.; Freudenberg & Co. KG;
Spectrum Plastics Group; and Bentec Medical, Inc.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global medical tubing market on the basis of polymer type, application, and
region:
Medical Tubing Polymer Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Silicone
·
Polyolefins
·
Polyvinyl Chloride (PVC)
·
Polycarbonates
·
Fluoropolymers
·
Others
Medical TubingApplication Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
Bulk Disposable Tubing
·
Drug Delivery Systems
·
Catheters
·
Biopharmaceutical Laboratory Equipment
·
Others
Medical Tubing Regional Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Medical Tubing Market@ www.grandviewresearch.com/press-release/global-medical-tubing-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
