Medical Tubing Market Size to Surpass US$ 16.3 Bn by 2030

The global medical tubing market size is expected to hit US$ 20.45 billion by 2030, growing at a CAGR of 9.1% during the forecast period from 2022 to 2030.

Medical Tubing Market Size 2022 to 2030

  • By Product, US medical tubing market was valued at US$ 2.2 billion in 2021.
  • The Polyvinyl Chloride (PVC) segment accounted 30% market share in 2021.
  • Silicone is expected to grow at a CAGR of 7.9% from 2022 to 2030.
  • In 2021, the bulk disposable tubing segment hit largest revenue share 36%.
  • The drug delivery systems segment is projected to grow at a CAGR of 9.5% from 2022 to 2030.
  • North America has garnered 38% revenue share in 2021.

Medical tubing can be described as a polymer-based tube manufactured by an extrusion process and employed in medication delivery systems, feeding tubes, and peristaltic pumps among others. These types of tubes have excellent chemical, thermal, and mechanical properties, and are employed in a wide array of minimally invasive crucial applications like stent delivery structures, cardiovascular catheters, drug delivery, and urological retrieval equipment’s. A tube is molded by pushing the extruded polymer over a circular die, cooling it in a water immersion and then snipping it or curving it up. The dual screw extruder is employed when the manufacturing of medical tubes needs a composite like silver salts. The creation of the tubes on a dual-screw extruder allows the amendment of the metering and the lessening of raw material stockpile. The pipes can be extruded either straightforwardly from the dual-screw extruder through a downstream melt pump, or else the dual-screw extruder can be employed as a second extruder in a co-extrusion arrangement.

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Growth Factors:

Increasing demand for medical devices, growing popularity of minimally invasive surgical procedures, increasing healthcare expenditure, and growing geriatric population are among major factors boosting growth of the global industry. Additionally, increasing prevalence of chronic ailments such as cardiovascular and urological disorders is fueling growth of the medical tubing market worldwide. Moreover, rapidly increasing awareness regarding hospital-attained infections is having positive impact on the growth of global industry. Further, increased focus on the improvement of healthcare infrastructure in developing regions and growing investment by major market players on research and development are other factors to boost growth of the global market during the forecast time frame.

Swift advances in technology have encouraged the use of plastics in an assortment of medical procedures. In the United States and Western Europe, existence of better healthcare has led to a higher share of both pediatric as well as aging populations, age groups that account for the larger part of those getting treatment by invasive and after-care practices. Together with the recent upsurge in infectious ailments, this inclination has led to a considerable increase in the usage of pre sterilized single-use medical products. Numerous medical procedures comprise the transmission of solutions to or from the patient, and use a wide variety of flexible tubing device. These factors are expected to propel the demand for extruded medical tubing products over the forecast timeframe.

Report Highlights:

  • Based on medical condition, cardiovascular segment reported largest revenue in 2020. This is accredited to high incidence of cardiovascular disorders globally. Further, advancements in the minimally invasive surgical procedures are expected to boost the growth of the segment in the near future.
  • On the basis of application, disposable tubing accounted for the weighty share in the target industry. This is due to increasing awareness regarding hospital-acquired infections.
  • Based on end user segment, hospitals accounted for the largest revenue with significant portion in estimate period of time. Factors such as accessibility of latest equipment’s and availability of funds are driving growth of the segment.
  • Based on material type segment, polyvinyl chloride (PVC) accounted for the largest revenue share majorly due to capability of PVC to withstand medical applications.

Scope of the Medical Tubing Market

Report Highlights Details
Market Size US$ 20.45 billion by 2030
Growth Rate CAGR of 9.1% From 2022 to 2030
Base Year 2021
Historic Data 2017 to 2021
Forecast Period 2022 to 2030
Segments Covered Medical Condition, Application, Material Type, End-User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America dominated the global market with a market share of more than 38%. United States represented the highest share in the North America region primarily due to higher healthcare spending, presence of modern healthcare set-up, and availability of latest products. Moreover, growing incidence of cardiovascular disorders in United States and Canada is expected to have positive impact on the industry growth. Asia Pacific is expected to account for the second largest share in the medical tubing industry in terms of revenue in 2020. The growth in Asia Pacific region is attributed to increasing healthcare expenditure, high prevalence of chronic ailments, and growing incidence of urological ailments. Asia Pacific is also anticipated to grow at the highest CAGR during the projected time-duration majorly due to increasing incidence of cancer and gastrointestinal ailments, growing popularity of minimally invasive surgeries, and increasing number of hospital admissions. Growth in the research and development activities is a major factor that is projected to have optimistic impact on the growth of the target industry in Asian countries.

Read Also: Generic Sterile Injectable Market Size to Reach US$ 203.66 Bn by 2030

Top Players contending in the Market:

  • Teleflex Incorporated
  • L. Gore & Associates
  • The Lubrizol Corporation
  • Saint-Gobain Performance Plastics
  • Zeus Industrial Products, Inc.
  • Freudenberg Medical
  • Tekni-Plex
  • Raumedic AG
  • The Dow Chemical Company
  • Nordson Corporation

Major Market Segments Covered:

By Medical Condition

  • Gastrointestinal
  • Cardiovascular
  • Ophthalmic
  • Urological
  • Neurovascular
  • Others

By Application

  • Drug Delivery Systems
  • Catheters
  • Special Applications
  • Disposable Tubing
  • Cannulas
  • Others

By Material Type

  • Polyethylene (PE)
  • Silicone
  • Engineering Plastics
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polyolefin
  • Others

By End-User

  • Ambulatory Surgical Centers
  • Hospitals
  • Others

By Structure

  • Single-lumen
  • Co-extruded
  • Multi-lumen
  • Tapered or Bump tubing
  • Braided Tubing

By Geography

  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
  • Latin America
      • Brazil
      • Rest of Latin America
  • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

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