Medical Tubing Market to Perceive Substantial Growth During 2018–2026


Posted February 25, 2019 by coherent123

Medical tubes are intrinsic part of various medical devices, used extensively in catheters and cannulas’ manufacturing, drug delivery systems, dialysis, and intravenous tubing.

 
Medical tubing completes a medical industry requirements and standards for various medical or pharmaceutical related applications. Medical tubing is used for fluid management, drainage, anesthesiology and respiratory equipment, intravenous applications (IVs), catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. Medial tubing is equipped with standards and certifications, which represents material and specification requirements for tubes. These standards include Good Manufacturing Practice (GMP) and Current Good Manufacturing Practice (cGMP). Furthermore, Food and Drug Administration (FDA) grants standards depending on specific application required for certain types of medical tubing.  

Increasing Prevalence of Chronic Diseases and Life Threatening Diseases is Expected to Augment Market Growth

Increasing prevalence of chronic diseases and life threatening diseases is expected to drastically increase demand for medical tubing devices, which are essentially required during surgery procedures.  For instance, according to a study published by National Center for Biotechnology Information in 2015, it was estimated that around 5.7 million people suffered from heart failure in the U.S. Moreover, according to Centers for Disease Control and Prevention (CDC), 2017, around 610,000 people die of heart disease in the U.S. every year.

According to a report published by the Australian Government, Department of Health in 2017, it was estimated that 1 in every 2 Australians (50%) suffers from at least one type of chronic condition, such as arthritis, asthma, back pain, cancer, cardiovascular disease, chronic obstructive pulmonary disease, diabetes or mental health conditions. Thus, high prevalence of chronic diseases and life threatening diseases is expected to be one of the major factors driving growth of the global medical tubing market.

Key Players:

Some of the key players operating in the medical tubing market are Compagnie de Saint-Gobain S.A., Teleflex Incorporated, Optinova Holding AB, Zeus Industrial Products, Inc., The Lubrizol Corporation, Nordson Corporation, Putnam Plastics Corporation, Raumedic AG, Tekni-Plex, Inc., and Smith Group plc.

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Detailed Segmentation:

• Global Medical Tubing Market, By Material:
◦ Polyvinyl Chloride (PVC)
◦ Thermoplastic Elastomer (TPE)
◦ Thermoplastic Polyurethane (TPU)
◦ Silicone
◦ Polyolefins
▪ Polyethylene (PE)
▪ Polypropylene (PP)
◦ Others
• Global Medical Tubing Market, By Application:
◦ Peristaltic Pump Tubing
◦ Catheters
▪ Diagnostic Catheters
▪ Central Venous Catheters
▪ Angioplasty Catheters
▪ Other Catheters
◦ Feeding Tubes
◦ Urological Retrieval Devices
◦ Cannulas
◦ Other Applications
• Global Medical Tubing Market, By Geography:
◦ North America
◦ Europe
◦ Asia Pacific
◦ Latin America
◦ Middle East
◦ Africa

About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.


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Issued By COHERENT4484
Country India
Categories Health
Tags medical tubing outlook
Last Updated February 25, 2019