Medical tubing is used in the medical industry in various pharmaceutical or medical related applications to meet their requirements and standards. It is used for management of drainage and fluid. Medical tubing is also used with anesthesiology and respiratory equipment, IVs, peristaltic pumps, catheters, and biopharmaceutical laboratory equipment. Medical tubing usage is directly applicable to the human body; this is why for manufacturing of medical tubing there is a need for certain certifications and a standard procedure. Specific materials with desired specifications are used to manufacture medical tubing.
Medical Tubing Market: Key Players
The research study includes profiles of leading companies operating in the global medical tubing market. Key players profiled in the report include: Zeus Industrial Products, Saint Gobain Performance plastics, Teleflex, Optinova, Lubrizol Corporation, Nordson Corporation, Putnam Plastics, RAUMEDIC AG, Tekni-Plex, and W. L. Gore & Associates.
Drivers for the Global Medical Tubing Market:
The importance of less invasive medical procedures over conventional surgical procedures is increasing, as they ensure benefits such as low cost, quick recovery time, and lesser duration of hospital stays. In addition, the increasing prevalence of diseases such as arthritis, cancer, and cardiovascular diseases, which require complex surgical treatment, has increased the demand for minimally invasive procedure. This has boosted the consumption of plastic polymers, which are ideal for use in catheters and medical tubing. Moreover, medical tubing ensures cost efficiency and less time consumption. For instance, cardiac and urinary catheterization using catheter tubing significantly reduces the time taken for the concerned medical or surgical procedure. Therefore, the growing demand for minimally invasive medical procedure and the need for increasing the efficiency of this procedure play an important role in driving the demand for medical tubing.
Opportunities for the Global Medical Tubing Market:
The healthcare industry is expected to grow rapidly in the next five years. Brazil, Russia, India, China, and South Africa (BRICS) are among the fastest-growing economies in the world. The healthcare industry in the developing countries is undergoing rapid developments because of changes in customer requirements, increase in healthcare awareness, and rise in aging population, which, in turn, provide many opportunities for the medical tubing market in the healthcare and medical device industries. The market in the developing countries is growing mainly because of the economic growth, increased spending by respective governments on healthcare facilities, and increased purchasing power of consumers. Therefore, the overall development and increase in investment in healthcare infrastructure will led to boosting the growth of the for the medical tubing market during forecasted times.
Restrains for the Global Medical Tubing Market:
The manufacturing process of medical tubing requires high investment and time. Delay in regulatory approvals increases the overall development procedure, thus causing a decline in the investment in medical product development technology. The market is undergoing continuous product innovation to avoid technical and biocompatibility issues, which incur a lot of time and cost. For instance , selecting the ideal polymer for a particular medical application and scrutinizing the application areas for each polymer in medical tubing is essential, which requires intense R&D and technical expertise. Thus all these factors are hampering the growth of the medical tubing market.
Region Wise, Global Medical Tubing Market Analysis:
Report covers the region wise analysis, global Liquid biopsy market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global Liquid biopsy market share followed by North America & Europe. While the Asia Pacific leads the global Liquid biopsy market as the demand for medical tubing is high in developing economies such as China and India. The growth of the medical tubing market in Asia pacific region is mainly driven by the growing awareness and government initiatives to provide high-quality healthcare facilities and increase in aging population. Thus all these factors boosts the market growth of medical tubing solutions in Asia pacific region.
Global Medical Tubing Market: Product analysis
- Polyvinyl chloride (PVC)
- Thermoplastic polyurethane (TPU)
- Thermoplastic elastomer (TPE)
Global Medical Tubing Market: Application analysis
- Bulk Disposable Tubing
- Drug Delivery Systems
- Special Applications
Global Medical Tubing Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
Proficient Market is the leading research company offering both tactical and strategic support to all our customers. Customer satisfaction is our goal and that is why, we have a team of skilled and experienced specialist with the ability to do data mining, information management, and revenue enhancement solutions to ensure that our clients make informed decisions when coming to investing in the market. Our happiness is when we help our clients grow their business, strengthen the brands and educate their members or consumers through the ever new fun research methods developed by our team.
1st Floor, Harikrishna Building,
Samarth Nagar, New Sanghvi,
Pune- 411027 India
Tel: +91-8149441100 (GMT Office Hours)
Email: [email protected]