Medical Tubing Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Medical tubing refers to a small intricate, customized tube used to transfer fluids to and from the body as well as to administer devices. Medical tubes are manufactured in a sterile environment with no risk of contamination as they are commonly used in anesthesia and respiratory apparatus, IVs, catheters, peristaltic pumps, biopharmaceutical laboratory equipment, and others for fluid management and drainage.

Sizing and Forecast
The medical tubing market size has grown rapidly in recent years. It will grow from <b>$11.95 billion in 2023 to $13.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. </b> The growth in the historic period can be attributed to medical device manufacturing, infection control, cardiovascular procedures, surgical applications, miniaturization and microfluidics.

The medical tubing market size is expected to see rapid growth in the next few years. It will grow to <b>$21.03 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. </b> The growth in the forecast period can be attributed to precision medicine, telemedicine services, biodegradable materials, global health initiatives, geriatric population. Major trends in the forecast period include neurology and brain monitoring, drug delivery innovation, diagnostic advancements, biocompatibility, tissue engineering.

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Segmentation & Regional Insights
The medical tubing market covered in this report is segmented –

1) By Product: Silicone, Polyolefins, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products
2) By Application: Bulk Disposable Tubing, Drug Delivery Systems, Catheters, Biopharmaceutical Laboratory Equipment, Other Applications
3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Labs, Other End-Users

<b>North America</b > was the largest region in the medical tubing market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the medical tubing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The rising cases of respiratory diseases are driving the growth of the medical tubing market. Respiratory diseases such as asthma, lung cancer, pulmonary fibrosis, and others are caused by tobacco smoking, air pollution, allergens, and occupational risks. Increasing respiratory diseases are expected to strengthen the demand for medical tubes as they are an essential component of ventilators that facilitate breathing. For instance, according to the study published in the Centers for Disease Prevention and Control, the percentage of COPD, emphysema, or chronic bronchitis, among adults aged above 18 years in the USA increased from 4.6% in 2020 to 5.0% in 2021. Thus, the rising cases of respiratory diseases will propel the growth of the medical tubing market.

Key Industry Players
Major companies operating in the medical tubing market include <b> Saint-Gobain S.A., Freudenberg Medical LLC, W.L. Gore & Associates Inc., Avient Corporation, Raumedic AG, Micro-Tek Corp., NewAge Industries Inc., Axiom Medical Inc., NovoSci Corp., Vanguard Products Corp., Zeus Industrial Products Inc., Absolute Custom Extrusions Inc., Petro Extrusion Technologies Inc., Pexco LLC, GSH Industries Inc., Teleflex Medical OEM LLC, Putnam Plastics Corporation, Tekni-Plex Inc., Nordson Corporation, Qosina Corp., Vesta Inc., Lubrizol Life Science Health, Grayline LLC, Trelleborg Healthcare & Medical, Spectrum Plastics Group Inc., Merit Medical Systems Inc., Applied Plastics Co. Inc., Duke Empirical Inc., Biomerics LLC, Polyzen Inc., Resonetics LLC </b>

The medical tubing market report table of contents includes:

1. Executive Summary

2. Medical Tubing Market Characteristics

3. Medical Tubing Market Trends And Strategies

4. Medical Tubing Market – Macro Economic Scenario

5. Global Medical Tubing Market Size and Growth

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31. Global Medical Tubing Market Competitive Benchmarking

32. Global Medical Tubing Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Medical Tubing Market

34. Medical Tubing Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Saint-Gobain S.A

Freudenberg Medical LLC

W.L. Gore & Associates Inc

Avient Corporation, Raumedic AG

Micro-Tek Corp.

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