Medical Tubing Market 2018 Overview, Outlook, Segmentation, Applications, Forecast, Analysis 2023

Market Overview:

Medical Tubing is generally made up of plastic, rubber or metal materials and is extensively used for medical and pharmaceutical applications. The report published by Market Research Future (MRFR) states that the Global Medical Tubing Market is anticipated to expand at a noteworthy CAGR during the forecast period of 2018-2023.

Industry Updates:

In October 2018, Bristol Instruments, Inc., a specialist in optical interferometer-based instrumentation, has launched a new product to its family of non-contact thickness gauges. The launch of model 137LS optical thickness gauge will benefit the engineers that are involved in the development and production of products such as medical tubing and multi-element optical lens system as it has the capability to measure the thickness of materials up to 28 mm.

In September 2018, Foster Corp., a leading developer and manufacturer of biomedical polymers, has launched new translucent, medical-grade polymer compounds. these newly launched ProPell T materials offer a lower coefficient of friction and provide improved manufacturing and handling of medical catheter tubing.

In September 2018, Teknor Apex Company has launched a new series of medical-grade thermoplastic elastomers which include clear, translucent and opaque-grade Medalist compounds that provide elasticity and durability to peristaltic pump tubing.

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Key Players:

The key players that are profiled by MRFR in the report on the Global Medical Tubing Market are Zeus Industrial Products, Inc. (the U.S.), Saint-Gobain Performance Plastics (the U.S.), Teleflex Incorporated (the U.S.), Optinova (Finland), Fine Tubes Ltd. (the UK), Davis Standard (the U.S.), Tekni-Plex (Pennsylvania), RAUMEDIC AG (Germany), Lubrizol Corporation (the U.S.), Nordson Corporation (the U.S.), AP Technologies Group Pte. Ltd. (Singapore), and Putnam Plastics (the U.S.).

Market Drivers and Restraints:

The widespread application of Medical Tubing in catheters and cannulas, draining blood, peristaltic pumps, drug delivery and others have created large growth opportunities for the Global Medical Tubing Market. Increasing prevalence of chronic diseases such as diabetes, cancer, cardiovascular disorders and others are inducing high demand for Medical Tubing in the global market, which is resulting in the significant expansion of the Global Medical Tubing Market. The introduction of translucent tubing is aiding the growth of the Global Medical Tubing Market. 

However, allergic reaction towards raw materials used for the production of Medical Tubing and concerns regarding infection caused due to invasive medical devices are likely to create hindrance in the growth of the Global Medical Tubing Market during the forecast period.

Market Segmentation:

The Global Medical Tubing Market has been segmented on the basis of Material, Structure, Applications and Region.

Based on Material, the Medical Tubing Market has been segmented into plastic, rubber, and metal. The plastic segment has been sub-segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyether ether ketone (PEEK), polyamide, polytetrafluoroethylene (PTFE), perfluoroalkoxy (PFA), fluorinated ethylene propylene (FEP), polycarbonate (PC), bioabsorbable polymers, polyester, polylactic acid (PLA), and ethylene-vinyl acetate (EVA). The rubber segment has been sub-segmented into silicone, thermoplastic elastomer, and polyurethane. The metal segment has been sub-segmented into titanium, steel, aluminum, and others.

Based on Structure, the Medical Tubing Market has been segmented into single-lumen, multi-lumen, co-extruded, tapered or bump, braided, balloon, heat shrink, high-pressure, thin-walled, coiled, and microextrusion.

Based on Application, the Medical Tubing Market has been segmented into bulk disposable tubing, draining blood, drug delivery system, catheters & cannulas, and special applications. The bulk disposable tubing segment has been sub-segmented into dialysis and intravenous. The catheters segment has been sub-segmented into cardiovascular, intravenous, and urinary catheters. The special applications segment includes peristaltic pump, gas supply, smoke evacuation, and feeding tubes.

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Medical Tubing Market 2018 | Share, Competitive Analysis and Industry Segments Poised for Strong Growth in Future 2023

Market Segmentation

The Global Medical Tubing Market is segmented into Material, Structure, Applications and Region.
On the Basis of the Material, the Global Medical Tubing Market is segmented into plastic, rubber, and metal. Among these, the plastic is sub-segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyether ether ketone (PEEK), polyamide, polytetrafluoroethylene (PTFE), perfluoroalkoxy (PFA), fluorinated ethylene propylene (FEP), polycarbonate (PC), bioabsorbable polymers, polyester, polylactic acid (PLA),  ethylene-vinyl acetate (EVA). The Rubber is further segmented into silicone, thermoplastic elastomer, and polyurethane. The metal is sub-segmented into titanium, steel, aluminum, and others. A plastic material such as PVC, FEP & PTFE is used majorly in the manufacturing of medical tubes owing to lubricity and biocompatibility.  PVC is widely used as a result of low cost and equivalent functional properties. Silicone is being increasingly used due to good resistance to extreme temperature, high level of purity, and good resilience.

Based on the Structure, the market is segregated into single-lumen, multi-lumen, co-extruded, tapered or bump, braided, balloon, heat shrink, high-pressure, thin-walled, coiled, microextrusion. These medical tubings are used in different applications according to different specifications. Microextrusion tubing is widely used in the neurological and surgical applications.

On the Basis of the Application, the market is divided into bulk disposable tubing, draining blood, catheters & cannulas, drug delivery systems, and special applications. Among these, bulk disposable tubing is sub-segmented into dialysis & intravenous. Catheters are sub-segmented into cardiovascular, intravenous, and urinary catheters. Special applications are sub-segmented into a peristaltic pump, gas supply, smoke evacuation, and feeding tubes. Drug delivery system is the fastest growing application in the market due to its use in controlled release of therapeutic agents. The product is vastly used in endoscopes, fluid management, bypass procedures, wound drainage, and catheters.

Competitive Analysis

Some of the key players in the Global Medical Tubing Market are Saint-Gobain Performance Plastics (U.S.), AP Technologies Group Pte. Ltd. (Singapore), Teleflex Incorporated (U.S.), Optinova (Finland), Fine Tubes Ltd. (UK), Zeus Industrial Products, Inc. (U.S.), Tekni-Plex (Pennsylvania), RAUMEDIC AG (Germany), Lubrizol Corporation (U.S.), Nordson Corporation (U.S.), Davis Standard (U.S.), and Putnam Plastics (U.S.).

Regional Analysis

Geographically, the global market is segmented into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the Medical Tubing Market owing to increasing spending on healthcare by the rising geriatric population. Growing production of innovative and technically advanced medical devices in the U.S. North America was closely followed by Europe, which is a prominent region in the Global Medical Tubing Market as a result of rising R&D activities in the medical industry.

Asia Pacific is the fastest growing region in Medical Tubing Market as a result of rising health awareness among the consumers coupled with increasing disposable income. Adoption of new technologies for various pharmaceutical and medical applications is expected to augment the market growth.

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