Global Medical Tubing Market Projected to Rise $21 Bn by 2028 – How will this impact the future of Medical Innovations? Ken Research

The report covers Medical Tubing Market, Medical Tubing Industry, Medical Tubing Market Demand, Fluoropolymers Tubing, Silicone Medical Tubing, Medical Tubing Sector, Polyvinyl Chloride Tubing, Coextruded Medical Tube, Braided Tubing Market, Leading Players in Medical Tubing Market, Medical Tubing Emerging Companies, Key Competitors in Medical Tubing Industry, Medical Tubing Industry Challenges, Teleflex Balloon Tubing Revenue, Zeus Tubing Market Share, Nordson Polyimide Tubing Revenue, RAUMEDIC Single Lumen Tubing Share, Smith Group Silicon Tubing Share, Europe Medical Tubing Market, Asia-Pacific Medical Tubing Market, Middle East Medical Tubing Market, Investment in Medical Tubing Market, Fund Raised Startups Medical Tubing Sector.

Gurugram, India, June 13, 2023 (GLOBE NEWSWIRE) -- Driven by the advancement in drug delivery systems and robotic surgery systems coupled with surging demand for minimally invasive medical procedures, the Global Medical Tubing Market is Forecasted to reach nearly US$ 21 Bn by 2028 says Ken Research Study.
Medical tubing is designed for a variety of medical or pharmaceutical-related applications and it allows clinicians to administer devices and fluid or liquid and gas flow. It can be made from different materials such as polyvinyl chloride (PVC), silicon, polyethylene, and others.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1.   Medical and Pharma Industries have Witnessed a Rapid Surge in Advanced and Unique Medical Tubing Products

Medical tubing products are essential for the management of fluids and their drainage and are used with respiratory equipment, catheters, peristaltic pumps, anesthesiology, biopharma laboratory equipment, and others. The advancement in robotic surgery procedures coupled with the increased focus of manufacturers on research and development on medical tubing are propelling the growth of the global medical tubing market. However, delay in approvals for medical tubing increases the overall time for development procedures, which is anticipated to hamper the growth of the market.
The technological advancement in medical tubing solutions along with the increase in healthcare investments is creating immense opportunities for the growth of the Global Medical Tubing Market. According to Ken Research estimates, the Global Medical Tubing Market – valued at around US$ 11 Bn by 2022 – is expected to grow to around US$ 21 Bn opportunity by 2028.

2.   Minimal Invasive Procedures, a Dynamic Area of Innovation is Driving the Market Growth

The increased preference for minimum invasive surgeries due to their benefits including quick-recovery period, low cost, and reduced hospital stay is anticipated to augment the growth of the market. The rising geriatric population who are more susceptible to diseases like cardiovascular, respiratory, digestive, and other diseases is also expected to boost the demand for medical tubing to perform less invasive surgical procedures.
According to Cleveland Clinic, approximately 13 million laparoscopic surgeries, a minimally invasive surgical technique used in the pelvic and abdomen areas and done through one or more small incisions and with the help of small tubes and tiny cameras, and surgical instruments, are performed globally every year.
The increasing adoption of minimally invasive procedures including laparoscopic surgery and others over conventional surgery is anticipated to propel the growth of the market in the near future. The below graph depicts the adoption of minimally invasive surgery and the progressive replacement of open procedures.

Interested to Know More about this Report, Request a Free Sample Report

3.   Significant Investment and Time Required for Medical Tubing Products are the Most Significant Barriers to the Growth of the Market

The selection of raw materials for medical tubing and its manufacturing process requires high investment and time. The extensive research and development and requirement of a significant amount of investment for new product innovation and to avoid biocompatibility and technical issue may incur a lot of time, which is anticipated to hinder the growth of the market.

  • The intensive R&D and technical expertise required to select the ideal material for a particular medical application, and scrutinizing the application areas for each material in medical tubing is essential to avoid any serious problems. The selection process of material to be used in medical tubing is an extensive process that delays the overall development procedure.
  • In addition, the regulatory approval process from various regulatory bodies including the United States Food and Drug Administration (FDA), and others, make it difficult to market and commercialize the products.
  • This delay in the development procedure and challenges for commercialization make it difficult for the patients and healthcare facility providers to act urgently and accordingly as per the patient treatments. According to World Health Organization (WHO), in 2019, approximately 17.9 million people died from cardiovascular diseases and 17 million people died from noncommunicable diseases including rheumatic heart disease, coronary heart disease, cerebrovascular disease, and other conditions.

Market Taxonomy
By Material

  • Polyvinyl Chloride (PVC)
  • Thermoplastic Elastomer (TPE)
  • Thermoplastic Polyurethane (TPU)
  • Silicone
  • Polyolefin
  • Fluoropolymers
  • Others

By Structure

  • Single-lumen
  • Co-extruded
  • Multi-lumen
  • Tapered or Bump tubing
  • Braided tubing   
  • Others

Visit this Link :- Request for custom report

By Application

  • Bulk disposable tubing
  • Catheters & cannulas
  • Drug delivery system
  • Other Applications

By End-User Segmentation

  • Ambulatory Surgical Centers
  • Hospitals
  • Clinics
  • Medical Labs
  • Others

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

  • Compagnie de Saint-Gobain S.A.
  • Teleflex Incorporated
  • Optinova
  • Zeus Company Inc.
  • The Lubrizol Corporation
  • Nordson Corporation
  • Putnam Plastics
  • Tekni-Plex, Inc.
  • Smith Group plc.

For more insights on the market intelligence, refer to below link:-
Global Medical Tubing Market

Related Reports By Ken Research:-
US Medical Devices Market Outlook to 2027- by type (Orthopaedic, Cardiovascular, Diagnostic Imaging devices, IVD Devices, MIS Devices, Nephrology Devices, Wound Care, Diabetes Care), by End-User (Hospital, ambulatory service centres, clinics & others)

According to Ken Research estimates, the US Medical Devices Market which grew at a robust CAGR from 2017-2022 & is forecasted to grow steadily from 2022-2027 driven by rising technological implementation, cosmetic procedure market impacting the trends & increasing chronic lifestyle diseases. The US Medical Device market is fragmented with players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the US Medical Device market for its products, services, and continuous product developments are the basis of flexibility and price, brand recognition, quality, and the overall variety of the product offering among others.

Global Neuroprosthetics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Output Neural Prosthetics, and Input Neural Prosthetics), Technique (Deep Brain Stimulation, Vagus Nerve Stimulation, Spinal Cord Stimulation, and Sacral Nerve Stimulation), Application (Motor Neural Prosthetics, Physiological Disorders, and Cognitive Disorders), and Region (North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA))

According to Ken Research Analysis, the Global Neuroprosthetics Market was valued at ~US$ 5 billion in 2017. It is estimated to be ~US$ 8 billion in 2022 and is forecasted to reach a market size of ~US$ 15 billion, growing at a CAGR of ~12% owing to the rising demand from the manufacturing industry. The market was significantly impacted by the COVID-19 pandemic during the first half of 2020, due to a major drop in non-urgent treatments such as cochlear implant surgery around the world. With the increase in COVID-19 cases, governments around the world implemented various safety measures such as lockdowns and stringent guidelines, disrupting the international supply chain of cochlear implants.

KSA Medical Devices Market Outlook to 2026 –Driven by increasing prevalence of chronic diseases, growing healthcare awareness and rising healthcare budget in the country

The KSA medical device market is expected to a positive growth in revenue in 2026, with imports contributing highest share to the market revenues. Changes in population composition will drive future healthcare requirements and will create demand for a number of specialisms; pediatrics, lifestyle diseases, long-term care, rehabilitation, home care, and rejuvenation services. Government is planning to invest in private sector integration to create effective strategic partnerships in the pursuit of national health objectives and promotion of fair and comprehensive geographical coverage across all regions of the Kingdom.

Morocco Blood Gas Analyzer and POC and Immunoassay Analyzer Market Outlook to 2026 – Driven by Construction of new hospitals along with high focus on rapid diagnostics and other hospital consumables is expected to benefit Moroccan healthcare system in future

The Moroccan diagnostic devices market (Blood Gas Analyzers and POC Immunoassay Analyzers) will grow at a steady pace over the next five years, 2020-2025, and is being fueled by increased testing due to high disease prevalence in the country and by healthcare providers switching to POC devices. Additionally, the growing healthcare infrastructure will drive demand for these products in Morocco.

Follow Us –
LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth


Contact Data