Global Medical Grade Tubing Market 2027: Regional Analysis & Forecast
Growing cases of medical emergencies & surgeries and increasing cases of chronic diseases are expected to drive the demand for the medical grade tubing market in the forecast period, 2023-2027. According to TechSci Research report, “Medical Grade Tubing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global medical grade tubing market is projected to increase at an impressive rate in the forecast period, 2023-2027.
Growing demand from the medical sector for medical tubing for fluid control and drainage, anesthesia and breathing apparatus, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratories is driving the market’s growth. In accumulation, high investment, FDA regulation, regulation of plastic products, and changes in crude oil prices are hindering the growth of medical-grade tubing.
In addition, pollution-related issues, change in eating habits, and ongoing innovation influence market growth. Thus, the market need for medical-grade tubing is expected to rise in the forecasted period. As per data, the number of asthma-affected patients was estimated to be nearly 262 million in 2019 and caused 455,000 deaths worldwide. Thus, the market size of medical-grade tubing products is expected to increase in the forecasted period as medical-grade tubes are used for gas supplies which in turn is driving the growth of the market.
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The global medical grade tubing market is segmented based on material, product, application, and end-use.
Based on material, the market is divided into fluoropolymers, polyolefins, silicone, polyvinyl chloride, and others. Silicone tubing is expected to hold the largest market share in the forecast period, 2023-2027. Due to its resistance to bacteria, soft and flexible contains no plasticizers, is sterilizable, and has no reaction with the body, it is the best option among its segments. Thus, the silicon segment dominates the Medical grade tubing market.
Based on the product, the market is divided into single-lumen tubing and multi-lumen tubing. As per estimates, the single-lumen tubing segment is expected to experience the highest market share during the forecast period. Owing to a wide assortment of medical applications, which consist of catheters, IV therapy, and feeding tubes, it provides a single-lumen tubing advantage over its companion. Thus, the dental applications segment is expected to dominate the segment.
Based on end use, the market is divided into medical, bio-pharmaceutical & life science, and clinical testing. As per estimates, the medical segment will experience the highest market share during the forecast period. The growing focus on minimally invasive procedures is one of the major drivers for the growth of the medical tubing market and helps the medical segment dominate the segment.
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“Asia-Pacific region is expected to dominate the global medical grade tubings market in the upcoming years due to the increased investment in research and development, and high awareness related to prevention and wellness. In addition, the development of cost-effective and innovative tubing solutions is expected to further push the growth of the region through 2027,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“Medical Grade Tubing Market, 2027- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Material (Fluoropolymers, Polyolefins, Silicone, Poly Vinyl Chloride, Others), By Product (Single Lumen Tubing v/s Multi-Lumen Tubing), By Application (Abrasion Protection, Bulk Disposable Tubing, Catheters, Others), By End Use (Medical, Bio-Pharmaceutical & Life Science, Clinical Testing), By Company and By Region, has evaluated the future growth potential of global medical grade tubing market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global medical grade tubing market.”
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