“Amidst the recent current Covid-19 virus outbreak, medical tubes are playing a pivotal role in assisting healthcare providers in tackling the global pandemic”
The medical tubing market or medical tubes market is projected to grow at a CAGR of 8.1% to reach USD 14.7 billion by 2027 from USD 8.5 billion in 2020. The major demand for medical tubing is attributed to their increasing usage in various applications such as drug delivery, catheter & cannulas, bulk disposable tubing, and special application. Medical tubing manufactured from plastics is increasingly being used to deliver fluids to the body and vice versa. They majorly find applications in catheters, IVs, and respiratory equipment such as ventilators. Some types of medical tubing need to be custom manufactured with multiple chambers or cores according to the needs and specifications are given by the healthcare providers which also depend on the medication needs of the patients.
Medical-grade plastics are largely used in the production of medical tubing or medical tubes. These tubes are produced separately using plastic extrusion methods to ensure the maximum level of hygiene and safety. Medical tubing is a very critical component in the global fight against the Covid-19 pandemic on account of its increasing usage in ICU applications for treating patients who require ventilators and other respiratory equipment. Ventilators are critical in ensuring the continuity of oxygen supply to a patient infected by Covid-19. The Medical tubing market or the medical tubes market received a tremendous boost on account of the current Covid-19 pandemic as these are used to make critical healthcare equipment used for treating Covid-19 patients.
The other factors leading to the growing medical tubing market or medical tubes market include increased government spending on healthcare programs, increasing strategic alliances within the medical device industry, and easy availability of cost-competitive medical-grade plastics.
Ventilator demand in the United States is over 15 times greater as compared to its pre-pandemic levels. Many companies in the value chain are expanding medical tubing capacities in order to cater to the growing demand. The companies which are not traditional manufacturers of medical tubing are making these medical tubes to help the healthcare sector. For instance, automakers like Ford Motor Co. and Mercedes are producing respirators and 3D printing medical components. Companies such as Graham Engineering have increased their production capacity to manufacture medical tubing. The companies present in the value chain are also posed with the challenges such as developing highly complex medical tubing such as tubes with very small diameters.
The research report analyses the ecosystem and value chain of the medical tubing market. The report also categorizes the medical tubing market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
Market Size by Material Type
Market Size by Structure
Market Size by Application
The key players operating in the Medical tubing markets are:
|The medical tubing industry players are increasingly expanding their manufacturing facilities to increase the production capacity||Positive|
|Continuous product innovation and technological advancements||Positive|
|Usage of 3-D printing technology in fabrication medical tubes of a very small diameter sized has helped in reducing time to market medical tubing products thus and enabling more complex designs||Positive|
In terms of market by material type, the silicon segment is estimated to be the largest segment of the medical tubing market during the forecast period
The silicone segment is estimated to account for the largest market share of the medical tubing market during the forecast period. The growth of the silicone-based medical tubes segment is a result of increasing usage in numerous medical applications. Silicone material offers distinctive advantages in terms of high-performance physical properties.
Silicone tubing is preferred over other materials on account of its unique biocompatibility and physical durability. Within the body it can be used in conduits for delivering and removing fluids, also it can be used as catheters in many interventional therapies. Outside the body, silicone tube is popularly used in blood oxygenation as well as many other pharmaceutical processes.
North America is expected to be the largest region in the forecast period
North America region accounted for the largest share of the Medical tubing market followed by the other regions. The North America medical tubing market is also projected to witness a higher product demand in the coming years on account of increasing consumption in the healthcare sector. North America also has the presence of major players in the market that are making significant investments in the market space to stay competitive thus further proliferating the market growth. North American companies are also making significant investments in R&D and innovation.
The demand in the Asia Pacific region is primarily driven on account of demand from the growing healthcare sector. The Asia Pacific market of medical tubing market is growing on account of rising investments in hospital infrastructure. China and India are key markets in the Asia Pacific region.
Drug delivery segment expected to be the largest application market in the forecast period
Based on material type, the drug delivery segment is anticipated to hold the largest market share in the forecast period. The demand for drug delivery systems increased post the growing incidence of COVID-19 cases, globally. These tubes are also used to treat conditions from existing medical conditions such as asthma and diabetics. There is a very high demand for ventilator tubing products. The market for drug delivery tubes has also witnessed a growing trend of innovations. There is significant growth in the consumption of medical tubing products for drug delivery devices like nasogastric tubes, nebulizers, spacer devices, and others.
The report also provides an in-depth analysis of market dynamics such as drivers, restraints opportunities, and challenges
|Sr. No.||Date||News Category||Description|
|1||Dec-20||Expansion||Confluent Medical is investing USD 8 million by starting a new facility in Chattanooga to make high-performance medical tubing.|
|2||Nov-20||Product Launch||Olympus launched its Olympus Procedure Kits and Hybrid Tubing, in partnership with Ruhof Corporation. These two kits reduce the chances of cross-contamination.|
The unique insights provided by this report also includes the following:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.