Abstract
Summary
The Medical tubing market is projected to reach USD 15.7 billion by 2028, at a CAGR of 8.2% from USD 10.6 billion in 2023. The combination of growing market trends, increasing application, consumer demand from emerging economies, and advancements in medical tubing technology are driving the adoption and use of medical tubing.
“Based on material, rubber medical tubing is expected to be the largest market during the forecast period, in terms of value.”
The rubber segment is the largest material to lead the market during forecast period. Rubber medical tubing is a flexible and durable material used for fluid pathways, drug delivery systems, wound drainage, and more. There are several types of rubber medical tubing available, including latex, silicone, polyurethane, ethylene propylene diene monomer, thermoplastic elastomer, and thermoplastic polyurethane. These tubes are resistant to certain chemicals and sterilization methods.
“Based on application, drug delivery system is the fastest growing market during the forecast period, in terms of value.”
Drug delivery systems are the fastest growing market in medical tubing. Drug delivery systems integrated into medical tubing are designed to facilitate the controlled and precise administration of medications, fluids, or other therapeutic agents directly into the body. These systems are used in various medical settings, including hospitals, clinics, and home care. They are designed to ensure the accurate and efficient delivery of medications while minimizing the potential for errors and complications. They play a critical role in various medical treatments, improving patient outcomes and safety.
“Based on region, Asia Pacific is the fastest growing market for medical tubing in 2022, in terms of value.”
Based on region, Asia Pacific is the fastest growing market to produce medical tubing. The Asia Pacific region is driven by the presence of countries such as China, India, and Japan, which are expected to be the fastest-growing markets in the region. The increasing demand from end-use applications such as bulk medical tubing, catheters & cannulas, drug delivery systems, and other special applications (peristaltic pump tubing and smoke evacuation tubing) is driving the growth of the medical tubing market in the Asia Pacific region. The demand for minimally invasive medical procedures has increased in the Asia Pacific region, which has led to a rise in demand for medical tubing.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
• By Designation: C-Level - 35%, Director Level - 25%, and Others - 40%
• By Region: North America - 30%, Europe - 20%, Asia Pacific - 40%, Middle East & Africa-5%, and Latin America-5%
The key players in this market are Saint-Gobain (France), Freudenberg Medical (US), W. L. Gore & Associates, Inc. (US), Lubrizol Corporation (US), TE Connectivity (Switzerland), Nordson Corporation (US), Elkem ASA (Norway), Raumedic AG (Germany), Teknor Apex (US), and Spectrum Plastics Group (US).
Research Coverage
This report segments the medical tubing market based on material, application, structure, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the medical tubing market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the medical tubing market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (increasing demand for disposable tube-based medical devices, growing awareness and government initiatives to provide high quality healthcare facilities), restraints (significant investments and time required for product development), opportunities (increasing healthcare investments in emerging economies, innovation and customization of polymers and tubing structures, replacement of metals with plastics) and challenges (stringent regulatory policies and time-consuming approval process).
• Market Penetration: Comprehensive information on the medical tubing market offered by top players in the global medical tubing market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the medical tubing market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for medical tubing market across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global medical tubing market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the medical tubing market
Table of Contents
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.2.1 INCLUSIONS & EXCLUSIONS 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED 33
1.3.2 REGIONS COVERED 33
1.3.3 YEARS CONSIDERED 34
1.4 CURRENCY 34
1.5 UNITS CONSIDERED 34
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
2.1.1 SECONDARY DATA 37
- 2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
- 2.1.2.1 Key data from primary sources 38
- 2.1.2.2 Primary interviews-demand and supply side 39
- 2.1.2.3 Key industry insights 39
- 2.1.2.4 Breakdown of primary interviews 39
2.2 MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 40
2.2.2 TOP-DOWN APPROACH 41
2.3 GROWTH FORECAST ESTIMATION 42
2.4 DATA TRIANGULATION 42
2.5 FACTOR ANALYSIS 43
2.6 ASSUMPTIONS 44
2.7 LIMITATIONS & RISKS ASSOCIATED WITH MEDICAL TUBING MARKET STUDY 45
2.8 RECESSION IMPACT 45
3 EXECUTIVE SUMMARY 46
4 PREMIUM INSIGHTS 49
4.1 EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN MEDICAL TUBING MARKET 49
4.2 MEDICAL TUBING MARKET, BY MATERIAL 49
4.3 MEDICAL TUBING MARKET, BY APPLICATION 50
4.4 MEDICAL TUBING MARKET, BY REGION 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
5.2.1 DRIVERS 52
- 5.2.1.1 Increase in geriatric population 52
- 5.2.1.2 Increasing demand for minimally invasive medical procedures 53
- 5.2.1.3 Advancements in extrusion technology 53
- 5.2.1.4 Stringent quality standards and regulations 53
5.2.2 RESTRAINTS 54
- 5.2.2.1 Limited material compatibility 54
5.2.3 OPPORTUNITIES 54
- 5.2.3.1 Customization and innovation in polymers and tubing structure 54
- 5.2.3.2 Increasing governmental expenditure for upgrading and developing healthcare infrastructure 55
5.2.4 CHALLENGES 56
- 5.2.4.1 High cost of producing and marketing medical tubing products 56
5.3 VALUE CHAIN ANALYSIS 57
5.3.1 RAW MATERIAL SUPPLIERS 57
5.3.2 MANUFACTURERS 57
5.3.3 DISTRIBUTORS 58
5.3.4 END CONSUMERS 58
5.4 PORTER’S FIVE FORCES ANALYSIS 59
5.4.1 THREAT OF NEW ENTRANTS 59
5.4.2 THREAT OF SUBSTITUTES 59
5.4.3 BARGAINING POWER OF BUYERS 60
5.4.4 BARGAINING POWER OF SUPPLIERS 60
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 60
5.5 PATENT ANALYSIS 61
5.5.1 INTRODUCTION 61
5.5.2 DOCUMENT TYPE 61
5.5.3 PATENT PUBLICATION TRENDS 62
5.5.4 INSIGHTS 62
5.5.5 JURISDICTION ANALYSIS 62
5.5.6 TOP APPLICANTS 63
5.6 ECOSYSTEM/MARKET MAP 64
5.7 TECHNOLOGY ANALYSIS 65
5.7.1 NEW TECHNOLOGIES IN MEDICAL TUBING 65
5.8 TARIFF & REGULATORY LANDSCAPE 65
5.8.1 REGULATIONS 65
5.8.2 NORTH AMERICA 65
5.8.3 ASIA PACIFIC 66
5.8.4 EUROPE 66
5.8.5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
5.9 TRADE ANALYSIS 68
5.9.1 IMPORT TRADE ANALYSIS 68
5.9.2 EXPORT TRADE ANALYSIS 69
5.10 MACROECONOMIC INDICATORS 70
5.10.1 GDP TRENDS AND FORECASTS 70
5.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
5.12 KEY CONFERENCES AND EVENTS, 2023-2024 72
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 73
5.13.1 KEY STAKEHOLDER IN BUYING PROCESS 73
5.13.2 BUYING CRITERIA 73
- 5.13.2.1 Quality 73
- 5.13.2.2 Service 73
5.14 CASE STUDY ANALYSIS 74
5.14.1 FREUDENBERG MEDICAL TO PROVIDE SPECIALTY BALLOON CATHETER 74
5.14.2 W. L. GORE & ASSOCIATES, INC. PROVIDES GORE STA-PURE PUMP TUBING 76
5.15 PRICING ANALYSIS 76
5.15.1 AVERAGE SELLING PRICE TREND, BY REGION 76
5.15.2 AVERAGE SELLING PRICE BASED ON MATERIAL 77
5.15.3 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION 77
6 MEDICAL TUBING MARKET, BY STRUCTURE 78
6.1 INTRODUCTION 78
6.2 SINGLE-LUMEN 78
6.3 CO-EXTRUDED 78
6.4 MULTI-LUMEN 79
6.5 TAPERED OR BUMP TUBING 79
6.6 BRAIDED TUBING 79
7 MEDICAL TUBING MARKET, BY MATERIAL 80
7.1 INTRODUCTION 81
7.2 PLASTICS 83
7.2.1 PVC WIDELY USED DUE TO ITS BIOCOMPATIBILITY, CHEMICAL STABILITY, AND COST-EFFECTIVENESS 83
7.2.2 POLYVINYL CHLORIDE (PVC) 83
7.2.3 POLYOLEFIN 83
- 7.2.3.1 Polyethylene (PE) 83
- 7.2.3.2 Polypropylene (PP) 83
7.2.4 POLYAMIDE 84
7.2.5 POLYTETRAFLUOROETHYLENE (PTFE) 84
7.2.6 POLYETHER ETHER KETONE (PEEK) 84
7.2.7 POLYCARBONATE (PC) 84
7.3 RUBBERS 85
7.3.1 OFFERS SIGNIFICANT DURABILITY AND RESILIENCE 85
7.3.2 THERMOPLASTIC ELASTOMER (TPE) 85
7.3.3 THERMOPLASTIC POLYURETHANE (TPU) 85
7.3.4 SILICONE 85
7.3.5 POLYURETHANE (PU) 85
7.3.6 ETHYLENE PROPYLENE DIENE MONOMER (EPDM) 86
7.3.7 LATEX 86
7.4 SPECIALTY POLYMERS 86
7.4.1 SPECIALTY POLYMERS TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 86
7.4.2 BIOABSORBABLE POLYMER 86
7.4.3 ETHYLENE VINYL ACETATE (EVA) 86
7.5 OTHERS 86
8 MEDICAL TUBING MARKET, BY APPLICATION 88
8.1 INTRODUCTION 89
8.2 BULK DISPOSABLE TUBING 90
8.2.1 DIALYSIS TUBING 91
- 8.2.1.1 Increase in aging population to drive demand for dialysis tubing 91
8.2.2 INTRAVENOUS TUBING 91
- 8.2.2.1 Advancements in technology to drive market 91
8.3 CATHETERS & CANNULAS 91
8.3.1 CATHETERS 91
- 8.3.1.1 Increase in chronic diseases contributing to high demand for catheters 91
- 8.3.1.2 Cardiovascular catheters 92
- 8.3.1.3 IV catheters 92
- 8.3.1.4 Urinary catheters 92
8.3.2 CANNULAS 92
- 8.3.2.1 Evolving healthcare sector and stringent regulatory requirements supporting market growth 92
8.4 DRUG DELIVERY SYSTEMS 93
8.4.1 NASOGASTRIC 93
- 8.4.1.1 Need for enteral feeding to fuel demand 93
8.4.2 NEBULIZERS 93
- 8.4.2.1 Nebulizers increasingly used to deliver medications 93
8.5 OTHERS 93
8.5.1 PERISTALTIC PUMP TUBING 93
- 8.5.1.1 Peristaltic pump tubing widely used to minimize risk of contamination 93
8.5.2 GAS SUPPLY TUBING 94
- 8.5.2.1 Increasing minimally invasive surgeries to support market growth 94
8.5.3 SMOKE EVACUATION TUBING 94
- 8.5.3.1 Popularity of cosmetic procedures and medical tourism to drive market 94
9 MEDICAL TUBING MARKET, BY REGION 95
9.1 INTRODUCTION 96
9.2 NORTH AMERICA 98
9.2.1 RECESSION IMPACT 98
9.2.2 US 102
- 9.2.2.1 High disposable income and strong healthcare infrastructure to drive market 102
9.2.3 CANADA 104
- 9.2.3.1 Aging population and increasing healthcare expenditures to support market growth 104
9.2.4 MEXICO 105
- 9.2.4.1 High investments and low manufacturing cost to fuel demand 105
9.3 EUROPE 107
9.3.1 RECESSION IMPACT 107
9.3.2 GERMANY 111
- 9.3.2.1 Advanced medical facilities and R&D investments to fuel demand 111
9.3.3 FRANCE 113
- 9.3.3.1 Increasing elderly population to support market growth 113
9.3.4 UK 114
- 9.3.4.1 Innovations, technological advancements, and investments to drive market 114
9.3.5 SPAIN 116
- 9.3.5.1 Growing aging population and improvements in healthcare system to increase consumption 116
9.3.6 ITALY 117
- 9.3.6.1 Growing geriatric population and strong focus on research & innovation to drive market 117
9.3.7 NETHERLANDS 119
- 9.3.7.1 Rising homecare treatment to increase demand 119
9.3.8 REST OF EUROPE 120
9.4 ASIA PACIFIC 121
9.4.1 RECESSION IMPACT 122
9.4.2 CHINA 125
- 9.4.2.1 Investments in manufacturing of medical devices to support market 125
9.4.3 JAPAN 127
- 9.4.3.1 Implementation of AI and big data technologies in healthcare industry to increase demand 127
9.4.4 INDIA 128
- 9.4.4.1 Government initiatives, high purchasing power, and increasing manufacturing output to fuel demand 128
9.4.5 SOUTH KOREA 130
- 9.4.5.1 Medical tourism influencing medical tubing market 130
9.4.6 MALAYSIA 132
- 9.4.6.1 Changing lifestyle and increasing cardiovascular ailments to drive market 132
9.4.7 THAILAND 133
- 9.4.7.1 Growing medical tourism and affordable healthcare services to drive demand 133
9.4.8 REST OF ASIA PACIFIC 135
9.5 MIDDLE EAST & AFRICA 136
9.5.1 RECESSION IMPACT 136
9.5.2 SAUDI ARABIA 139
- 9.5.2.1 Government initiatives to support growth of market 139
9.5.3 UAE 141
- 9.5.3.1 Government-funded health services and rapidly developing private health sector to drive market 141
9.5.4 SOUTH AFRICA 142
- 9.5.4.1 Improved awareness, testing, and treatment programs to drive market 142
9.5.5 EGYPT 144
- 9.5.5.1 Technological advancements and improved government approach to fuel demand 144
9.5.6 REST OF MIDDLE EAST & AFRICA 145
9.6 SOUTH AMERICA 147
9.6.1 RECESSION IMPACT 147
9.6.2 BRAZIL 149
- 9.6.2.1 Growing healthcare system to increase consumption of medical tubing 149
9.6.3 ARGENTINA 150
- 9.6.3.1 Rising prevalence of chronic diseases, aging population, and advances in medical to drive market 150
9.6.4 REST OF SOUTH AMERICA 152
10 COMPETITIVE LANDSCAPE 154
10.1 INTRODUCTION 154
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 155
10.3 REVENUE ANALYSIS 156
10.4 MARKET SHARE ANALYSIS 157
10.4.1 RANKING OF KEY MARKET PLAYERS 157
10.4.2 MARKET SHARE OF KEY PLAYERS 159
10.5 COMPANY EVALUATION MATRIX (TIER 1) 160
10.5.1 STARS 160
10.5.2 EMERGING LEADERS 160
10.5.3 PERVASIVE PLAYERS 160
10.5.4 PARTICIPANTS 160
10.5.5 COMPANY FOOTPRINT 162
10.6 COMPANY EVALUATION MATRIX (START-UPS AND SMES) 164
10.6.1 PROGRESSIVE COMPANIES 164
10.6.2 RESPONSIVE COMPANIES 164
10.6.3 DYNAMIC COMPANIES 164
10.6.4 STARTING BLOCKS 164
10.6.5 COMPETITIVE BENCHMARKING 166
10.7 COMPETITIVE SCENARIO AND TRENDS 167
10.7.1 PRODUCT LAUNCHES 167
10.7.2 DEALS 169
10.7.3 OTHER DEVELOPMENTS 172
11 COMPANY PROFILES 174
11.1 KEY PLAYERS 174
11.1.1 SAINT-GOBAIN 174
11.1.2 FREUDENBERG MEDICAL 179
11.1.3 W. L. GORE & ASSOCIATES, INC 187
11.1.4 LUBRIZOL CORPORATION 190
11.1.5 NORDSON CORPORATION 195
11.1.6 TE CONNECTIVITY 201
11.1.7 ELKEM ASA (ELKEM) 204
11.1.8 RAUMEDIC AG 207
11.1.9 TEKNOR APEX 211
11.1.10 SPECTRUM PLASTICS GROUP 214
11.1.11 ZEUS INDUSTRIAL PRODUCTS 217
11.2 OTHER PLAYERS 220
11.2.1 ATAG SPA 220
11.2.2 DAVIS-STANDARD, LLC 221
11.2.3 DOW CORNING 222
11.2.4 FBK MEDICAL TUBING 223
11.2.5 HITACHI CABLE AMERICA 224
11.2.6 ICO RALLY 225
11.2.7 ICU MEDICAL, INC 226
11.2.8 KRATON CORPORATION INC 227
11.2.9 MICROLUMEN 227
11.2.10 MDC INDUSTRIES LTD 228
11.2.11 NEWAGE INDUSTRIES INC 229
11.2.12 OPTINOVA 230
11.2.13 PARKER HANNIFIN 231
11.2.14 TEEL PLASTICS, INC 232
11.2.15 VESTA INC 233
11.2.16 SMOOTH-BOR PLASTICS 234
11.2.17 RESMED 235
11.2.18 HILLROM (BAXTER) 236
11.2.19 FISHER & PAYKEL HEALTHCARE 237
11.2.20 DRIVE DEVILBISS HEALTHCARE 238
11.2.21 APEX MEDICAL DEVICES 239
12 APPENDIX 240
12.1 INSIGHTS FROM INDUSTRY EXPERTS 240
12.2 DISCUSSION GUIDE 241
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 246
12.4 CUSTOMIZATION OPTIONS 248
12.5 RELATED REPORTS 248
12.6 AUTHOR DETAILS 249