Global Medical Grade Tubing Market Worth USD 6.27 Billion By 2030 | CAGR of 3.48%

Introduction

Extruded polymer tubes known as "medical tubing" are frequently used in peristaltic pumps, feeding tubes, and other applications. These tubes are used in many minimally invasive applications, such as stent delivery systems, cardiovascular catheters, and urological retrieval devices, because of their exceptional thermal, mechanical, and chemical properties. Medical grade tubing is also used with intravenous fluids, lab equipment for biopharmaceuticals, and anesthesia and respiratory devices. Medical-grade tubing is used for various functions, including the delivery of fluids and devices and the passage of gases. Medical-grade tubing is most frequently connected with ventilators and intravenous lines, although it is also used to support access devices and distribute other equipment. Various applications may necessitate utilizing unique materials and highly specialized manufacturing techniques. In the pharmaceutical and medical industries, medical-grade tubing is used for various applications to meet their standards and criteria and regulate fluid drainage and flow.

Market Dynamics

Growing Demand for less Invasive Medical Procedures and an increasing Elderly Population Drives the Global Market

The demand for medical equipment that uses medical tubing has significantly increased due to the aging population. The elderly population is growing most quickly in developing regions, while it is growing slowly in developed regions. Numerous countries are experiencing an increase in life expectancy gratitude to improved healthcare systems. This demographic trend will expand the lightweight, portable medical equipment and tubing market.

The production of medical tubing demands substantial resources and much time. A delay in regulatory approvals lengthens the development process, decreasing investment in medical product development technologies. The market is witnessing continual product innovation to prevent costly and time-consuming technical and biocompatibility difficulties. In the case of medical tubing, selecting the best polymer for a particular medical application and examining the areas of use for each polymer require significant R&D and technical expertise. Different polymers and medical devices have distinct approval procedures, which may necessitate different approval times.

Massive Investments in the Healthcare Sector Creates Tremendous Opportunities

The healthcare market in developing countries is witnessing significant changes due to shifting customer demands, expanding healthcare knowledge, and aging populations, which presents numerous potentials for medical tubing in the healthcare and medical device sectors. Growing economies, lavish government spending on healthcare infrastructure, and rising consumer purchasing power are the main drivers of market growth in developing countries. Consequently, the market for medical tubing is presented with a substantial opportunity by expanding and growing investment in healthcare infrastructure.

Regional Analysis

North America controls the medical tubing market and is backed by a sophisticated healthcare infrastructure, government assistance, and market players performing extensive research to produce new products. Due to increased healthcare spending, robust healthcare facilities, technological advancements, a big patient pool, and rising market player investments, the United States dominates the regional market. Vinyl compounds, thermoplastic urethanes, polyolefins, and polyamides are the polymers available to produce medical tubing in this country.

Key Highlights

• The global medical-grade tubing market was valued at USD 4.45 billion in 2021. It is projected to reach USD 6.27 billion by 2030, growing at a CAGR of 3.48% during the forecast period (2022–2030).
• Based on material, the market is segmented into Silicone, PVC, Polyolefins, Polycarbonates, and Fluoropolymers.The silicone segment has the most significant revenue share.
• Based on application, the market is divided into drug delivery systems, catheters, biopharmaceutical laboratory equipment, and disposable tubing. The catheters category dominates the global market for medical tubing, and this trend is expected to continue during the forecast period.
• Based on structure, the market is divided into single-lumen, co-extruded, multi-lumen, tapered, and braided segments. The multi-lumen segment dominates the market during the forecast period. Catheters
• North America controls the medical tubing market during the forecast period.

Competitive Players

Competitive Analysis

The global medical grade tubingmarket’s major key players are Zeus Industrial Products, Tekni-Plex, Lubrizol Corporation, A.P. Extrusion Incorporated, AP Technologies Group Pte Ltd., ATAG SpA, ASAHITEC Corporation, B. Braun Melsungen AG, Compagnie de Saint-Gobain, Cook Group Incorporated, FBK Medical Tubing Inc., Freudenberg Medical, MDC Industries, Microlumen Inc., Nordson Corporation, Optinova Group, TE Connectivity Ltd., and Trelleborg Group.

Recent Developments

Market News

• February 2022- Zeus Launches PTFE Sub-Lite-Wall® Multi-Lumen Tubing for Steerable Catheters.
• May 2022- Lubrizol and Park Place Technologies Partner to Expand Collaboration with Intel by Providing World-class Service, Maintenance, and Monitoring for State-of-the-Art Immersion Cooling Systems in Data Centers.
• May 2022- TekniPlex Consumer Products Launches New Sustainable PET Processor Tray Line with Premium Esthetics & Packaging Efficiencies.
• May 2022- High-Temperature Seal Increases Productivity in Semiconductor Subfab Applications.

Segmentation

Global Medical Grade Tubing Market: Segmentation

By Material

• Silicone
• Polyvinyl Chloride
• Polyolefins
• Polycarbonates
• Fluoropolymers

By Application

• Drug Delivery Systems
• Catheters
• Biopharmaceutical Laboratory Equipment
• Disposable Tubing

By Structure

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

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA