Medical Tubing Market Size By Material (Plastics, Rubbers), By Application (Bulk Disposable Tubing, Catheters & Cannulas), By Structure (Single Lumen, Co-Extruded), & Region for 2024-2031
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Medical Tubing Market Size By Material (Plastics, Rubbers), By Application (Bulk Disposable Tubing, Catheters & Cannulas), By Structure (Single Lumen, Co-Extruded), & Region for 2024-2031
Medical Tubing Market Valuation – 2024-2031
Advancements in medical technology, as well as increased demand for less invasive procedures, all contribute to market growth. The development in chronic illnesses necessitating long-term patient care is driving the need for dependable medical tubing solutions, which is expected to exceed USD 9.05 billion in 2023 and reach a worth of over USD 16.77 billion by 2031.
Furthermore, the expanding senior population worldwide raises the need for healthcare services, increasing the need for medical tubing. Material science breakthroughs, such as the development of antibacterial and barrier qualities, will allow the market to grow at an 8.01% CAGR between 2024 and 2031.
Medical Tubing MarketDefinition/ Overview
Medical tubing is a flexible, hollow tube used in a variety of medical applications to convey fluids, gasses, or other substances within the body or between medical equipment and patients. These tubes are often made of biocompatible, flexible, and long-lasting materials including silicone, PVC, polyurethane, and thermoplastics. Medical tubing is used in a variety of healthcare operations, including intravenous infusion and drainage, as well as endoscopic surgery and catheterization.
Medical tubing is extensively used in a variety of medical professions. In hospitals and clinics, it is essential for intravenous fluid and drug delivery, urine catheterization, and wound drainage. Tubing in surgical settings allows for accurate distribution of gasses and liquids during operations such as laparoscopy and arthroscopy. It also facilitates diagnostic imaging in radiology by delivering contrast agents. Aside from this, medical tubing is essential in-home healthcare equipment for continuous patient monitoring and medicine administration systems.
Looking ahead, the medical tubing industry is expected to experience considerable advances and expansion. Technological advancements are predicted to improve tube materials, making them more durable, infection-resistant, and capable of administering medicines more accurately. Miniaturization and integration with sensor technologies might transform diagnosis and treatment monitoring, allowing for real-time data collecting and patient input. Furthermore, as healthcare systems throughout the world confront problems such as an aging population and rising chronic illness rates, medical tubing technologies will continue to prioritize enhancing patient comfort, lowering infection risks, and maximizing therapeutic outcomes. This continual evolution highlights the importance of medical tubing in promoting current healthcare techniques.
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How will Increasing Demand for Perishable Food Storage Increase Adoption of Medical Tubing?
The growing global need for perishable food storage solutions is driving the demand for refrigerated warehouse space. As food supply chains grow more integrated across regions and nations, customers expect to have access to fresh produce and perishable commodities all year round. Refrigerated warehouses serve a key role in maintaining the quality, nutritional value, and safety of these items throughout storage and transportation. They are outfitted with innovative refrigeration systems that maintain the precise temperature and humidity levels necessary by various food products, ranging from fruits and vegetables to meats and dairy.
The global development of the food and beverage sector drives up demand for refrigerated warehousing facilities. This business produces a diverse range of items, including processed foods, drinks, dairy products, and frozen meals, all of which require temperature-controlled storage to retain freshness and quality. As food consumption habits shift and worldwide trade in food items grows, there is a greater demand for effective cold storage systems to satisfy distribution and storage needs.
Governments and international organizations enforce stringent food safety requirements, which push the usage of refrigerated warehouses. These laws highlight the need of maintaining stringent temperature controls and hygiene standards throughout the food supply chain to avoid contamination and assure customer safety. Refrigerated warehouses are built with strong infrastructure and monitoring systems that meet regulatory standards for temperature control, sanitary measures, and food traceability.
Will High Initial Investment Costs of Medical Tubing Restrain Its Application?
One of the key impediments to the refrigerated warehouse business is the significant initial expenditure necessary to develop and operate cold storage facilities. Building chilled warehouses requires significant capital investment in specialized infrastructure, refrigeration systems, insulation, and temperature monitoring equipment. Additionally, continuous operating expenditures, such as energy usage and refrigeration unit maintenance fees, add to the total financial burden.
Complex regulatory compliance requirements pose hurdles for refrigerated warehouse owners. Strict laws control food safety requirements, environmental restrictions, and health and safety norms for storing and managing perishable commodities. Compliance with these standards involves investment in training, paperwork, and periodic audits to assure legal compliance.
Furthermore, Operating a refrigerated warehouse has unique issues such as maintaining ideal temperature and humidity levels, minimizing equipment malfunctions, and successfully managing inventory. Refrigeration systems must run continuously to maintain the integrity and safety of stored items, which results in significant energy consumption and operational expenses. Furthermore, the complexities of managing perishable goods, such as inventory turnover rates, expiration dates, and handling methods, necessitate effective logistics and inventory management strategies.
Category-Wise Acumens
Will Rise in the Adoption of Plastics Solutions Drive the Medical Tubing Market?
PVC is less expensive than other materials used in medical tubing, such as silicone rubber or specialized polymers. PVC raw materials are less expensive and easier to manufacture, which contributes to decrease production costs for medical device makers. This affordability is critical for healthcare providers and organizations trying to save costs while maintaining the quality and safety of medical equipment.
PVC is extremely flexible and can be molded into a wide range of shapes and sizes, from basic tubes to intricate catheters and tubing arrangements used in surgeries and medical treatments. This versatility enables designers to build sophisticated designs that satisfy specific medical needs, such as precise fluid distribution or insertion into small and fragile anatomical structures. PVC’s adaptability extends to its compatibility with various manufacturing methods, including as extrusion, molding, and assembly techniques, which increases its usefulness in medical device manufacture.
Medical devices and equipment, especially tubing, must be thoroughly sterilized to eradicate hazardous bacteria and maintain patient safety. PVC is very compatible with typical sterilization procedures, including autoclaving (steam sterilization), gamma irradiation, and ethylene oxide (EtO) sterilization. These procedures successfully sterilize PVC tubing without causing considerable deterioration or impairing its mechanical qualities, maintaining the integrity and sterility of medical equipment throughout clinical usage.
Which Factors Contributing Bulk Disposable Tubing Segment Dominance in the Medical Tubing Market?
Bulk disposable tubing is required for a variety of medical operations and patient care settings. IV lines are used to administer fluids, respiratory tubing to supply oxygen, and drainage tubes to provide surgical and post-operative care. These tools are essential in hospitals, clinics, and home healthcare settings, assisting with routine medical treatments, emergency care, and surgical procedures.
Also, The enormous amount of disposable tubing used in healthcare settings adds to its domination. Hospitals and healthcare facilities throughout the world rely on bulk disposable tubing to maintain patient safety, infection control, and operational efficiency. Bulk tubing is a realistic solution for healthcare professionals managing large patient populations due to its scalability and cost-effectiveness in disposable materials such as PVC.
Disposable tubing reduces the requirement for cleaning and sterilizing in between uses, which lowers the risk of healthcare-associated infections (HAIs) and cross-contamination. Adherence to proper infection control practices is crucial in healthcare settings where patient safety and cleanliness are top priorities. Disposable tubing helps healthcare institutions maintain lofty standards of cleanliness and infection control while adhering to regulatory regulations and best practices in healthcare.
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Country/Region Wise Acumens
Will Advanced Healthcare Infrastructure in North America Mature Medical Tubing Market?
North America has an advanced healthcare infrastructure, which includes large hospital networks, substantial outpatient facilities, and modern medical research institutes. This infrastructure supports a high demand for medical tubing in a variety of applications, including normal patient care, sophisticated surgical operations, and specialist therapies.
Also, The region is at the forefront of technical advances in medical equipment and materials, such as medical tubing. Advanced manufacturing techniques and breakthroughs in polymers and biocompatible materials improve the performance, safety, and utility of medical tubing. These technological advancements address the changing demands of healthcare professionals and patients, resulting in increased market growth and acceptance of innovative medical tubing solutions.
Furthermore, North America, notably the United States, has strict regulatory requirements and licensing processes for medical equipment, including tubing. Compliance with FDA regulations guarantees that medical tubing fulfills high safety and quality requirements, which boosts customer trust and promotes market acceptability. The regulatory environment encourages innovation while protecting patient safety, establishing North America as a market leader in medical device manufacture and distribution.
Will Expanding Healthcare Infrastructure Enhance Adoption of Medical Tubing in Asia Pacific?
APAC countries, notably China, India, Japan, and South Korea, are rapidly expanding and modernizing their healthcare infrastructures. Increasing investments in healthcare institutions, hospitals, and outpatient clinics are driving up demand for medical devices and consumables, such as medical tubing. The expanding middle-class population and rising healthcare expenditures in APAC nations help to enhance access to healthcare services, which boosts the use of innovative medical technology such as medical tubing.
Healthcare spending in APAC nations is expanding significantly, driven by demographic trends, urbanization, and the rising frequency of chronic illnesses. Government and corporate sector investments in healthcare systems strive to improve access, affordability, and quality of treatment. This investment funds the purchase of medical devices and consumables, like medical tubing, to satisfy the healthcare demands of growing patient populations.
The APAC area has developed as a hotspot for medical device production, thanks to technical improvements and competent labor resources. China and Taiwan are medical device manufacturing pioneers, providing cost-effective solutions and flexible production capacity. Local manufacturers in APAC nations are expanding their investment in R&D to create novel materials, production processes, and product designs for medical tubing, catering to both domestic and international markets.
Competitive Landscape
The Medical Tubing Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as mergers and acquisitions, product innovations, and geographical expansions.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the Medical Tubing Market include
Americold Logistics, Lineage Logistics, United States Cold Storage, AGRO Merchants Group, Burris Logistics, Kloosterboer, NewCold, VersaCold Logistics Services, Nichirei Logistics Group, Frialsa Frigorificos, Congebec Logistics, Snowman Logistics, Swire Cold Storage, Henningsen Cold Storage, Hanson Logistics.
Latest Developments
- In February 2023, Freudenberg expanded its medical tubing production to Massachusetts. Aim of this initiative is to serve its Eastern U.S. customers by providing them with custom solutions.
- In 2021, according to NHE (National Health Expenditure Data), U.S. medicare spending increased by 8.4% USD 900 billion, and Medicaid increased by 9.2% USD 734 billion compared to 2020. Some of the major manufacturers in North America are Bentec Medical, Spectrum Plastics Group, Hitachi Cable America, Inc., and NewAge Industries, Inc.
- In May 2023, a Memorandum of Understanding (MoU) was signed by the World Health Organization (WHO) and the Republic of Korea. This would help them to establish a worldwide biomanufacturing training hub.
- In July 2022, at the Cooper River Site in South Carolina, DuPont opened a new production facility for DuPont Liveo Healthcare Solutions. To accommodate growing demand from Liveo clients, the new plant will boost its ability to cater to biopharmaceutical tubing extrusion.
- In May 2022, HelixFlex, an exceptionally pure thermoplastic elastomer TPE tubing, was launched by Freudenberg Medical. It is a renowned producer of healthcare and pharmacological devices, components, and tubing. The new product was developed for utilization in medicinal and biopharmaceutical applications.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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Study Period | 2018-2031 |
Growth Rate | CAGR of ~ 8.01% from 2024 to 2031 |
Base Year for Valuation | 2023 |
Historical Period | 2018-2022 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | Americold Logistics, Lineage Logistics, United States Cold Storage, AGRO Merchants Group, Burris Logistics, Kloosterboer, NewCold, VersaCold Logistics Services, Nichirei Logistics Group, Frialsa Frigorificos, Congebec Logistics, Snowman Logistics, Swire Cold Storage, Henningsen Cold Storage, Hanson Logistics. |
Customization | Report customization along with purchase available upon request |
Medical Tubing Market, By Category
Material
- Plastics
- Rubbers
- Specialty Polymers
Application
- Bulk Disposable Tubing
- Catheters & Cannulas
- Drug Delivery Systems
- Specialty Applications
Structure
- Single Lumen
- Co-Extruded
- Multi Lumen
- Braided
- Other
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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