The global medical tubing market is expected to witness a 10.2% CAGR during 2021-2027. In the medical and pharmaceutical industries, medical tubing is designed for a wide range of applications. They are commonly used in healthcare settings for the administration of fluids and devices, as well as the transfer of gas. IVs and ventilators are two common applications for medical tubing. As a result of the increasing use of medical tubing in catheters, the medical tubing market has seen an increase in sales proceeds. The rise in cardiac catheterization, particularly in interventional cardiology, is a key trend driving sales in the medical tubing market. The rising prevalence of congenital heart defects is a key trend that is boosting market prospects.

The, increasing geriatric population, mounting demand for minimally invasive surgeries, growing awareness regarding hospital-acquired diseases along with rising concern about the spread of such infections will drive the demand for disposable medical devices. The surge in demand for medical tubing across diverse applications, strict regulations and sustainability mandates, and rising concerns about healthcare will drive the growth of the market. Nevertheless, the increased collaborations and joint ventures between different companies in the medical device sector are anticipated to expand the global reach of the medical tubing market.

In June 2021, Zeus Industrial Products, Inc. (Zeus) is one of the leading global providers in advanced polymer solutions and signed an agreement to incorporate CathX Medical Inc. (CathX) into its organization. CathX is a medical device contract manufacturer based in San Jose, California, that provides customers with a single source for catheter design engineering services, rapid prototyping, manufacturing, and full or sub-assemblies.

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The COVID-19 outbreak has seen an increase in the usage of medical devices. The need for respiratory tubes, drug delivery tubes, IV tubes, etc. has increased, resulting in the growth of the medical tubing market.

Based on material, the global medical tubing market is segmented into plastics, rubbers, and specialty polymers. Specialty polymers are anticipated to be the fastest-growing segment as it is the bioabsorbable polymer and are increasingly replacing commodity plastics due to their high performance. Moreover, the increasing demand for high-quality healthcare services by consumers is playing a significant role in increasing the prominence of these polymers.

Plastics (Polyvinyl chloride (PVC), Polyolefin (Polyethylene (PE) and Polypropylene (PP)), Polyamide, Polytetrafluoroethylene (PTFE), Poly ether ketone (PEEK), Perfluoroalkoxy (PFA), and Polycarbonate (PC)), Rubbers (Thermoplastic Elastomer (TPE), Thermoplastic Polyurethane (TPU), Silicone, Polyurethane (PU), Ethylene Propylene Diene Monomer (EPDM), and Latex), and Specialty Polymers (Bioabsorbable polymer and Ethylene-vinyl acetate (EVA)

Europe is anticipated to be the significant growth during the forecast owing to the rising demand for minimally invasive and diagnostic equipment that use medical tubes will accelerate the growth of the market. The rising adoption of robotic surgeries and robotic-assisted surgeries will lead to less pain with endoscopic techniques led to growth in the medical tubing market in the region.

Some of the major players in the global Medical Tubing market include Zeus Industrial Products, Inc., Saint-Gobain, Freudenberg Medical, Avient Corporation, RAUMEDIC AG, The Lubrizol Corporation, Elkem ASA, Nordson Corporation, Optinova, and Teknor Apex.

Source: VynZ Research