Lucintel Forecasts Global Medical Tubing Market to Reach $18.9 billion by 2030.


Posted October 5, 2023 by Lucintel

According to a market report by Lucintel, the future of the global medical tubing market looks promising with opportunities in the bulk disposable tubing, drug delivery system, catheter, and biopharmaceutical laboratory equipment markets

 
According to a market report by Lucintel, the future of the global medical tubing market looks promising with opportunities in the bulk disposable tubing, drug delivery system, catheter, and biopharmaceutical laboratory equipment markets. The global medical tubing market is expected to reach an estimated $18.9 billion by 2030 with a CAGR of 8.2% from 2024 to 2030.
The major drivers for this market are growing demand for disposable tube-based medical devices, rising government initiatives to provide high-quality healthcare facilities, and increasing number of surgeries and trauma incidences globally.
A more than 150 – page report is developed to understand trends, opportunity and forecast in medical tubing market to 2030 by product (silicone, polyolefins, polyimide, polyvinyl chloride, polycarbonates, fluoropolymers, and others), structure (single-lumen, co-extruded, multi-lumen, tapered or bump tubing, and braided tubing), application (bulk disposable tubing, drug delivery systems, catheters, biopharmaceutical laboratory equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, silicone, polyolefins, polyimide, polyvinyl chloride, polycarbonates, and fluoropolymers are the major segments of medical tubing market by product.
Lucintel forecasts that polyvinyl chloride is expected to witness highest growth over the forecast period due to increasing adoption of single-use pre-sterilized medical devices.
Within this market, bulk disposable tubing will remain the largest segment due to the increasing focus on preventing the spread of infection from one patient to another across the globe.
APAC is expected to witness highest growth over the forecast period due to growing demand for better healthcare product, increasing inclination towards minimally invasive surgeries, and rising geriatric population in the region.

Asahi Tec, MDC Industries, Nordson, ZARYS, Hitachi Cable America, NewAge Industries, TE Connectivity, Freudenberg, Spectrum Plastics, and ATAG SpA are the major suppliers in the medical tubing market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Lucintel
Country United States
Categories Business
Tags medical tubing market
Last Updated October 5, 2023