Medical Tubing Market To Expand At A Noteworthy Rate During 2018-2023 :

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Medical Tubing Market Research Report

Market Overview:

Medical tubing is generally made up of plastic, rubber or metal materials and is extensively used for medical and pharmaceutical applications. The report published by Market Research Future (MRFR) states that the global medical tubing market is anticipated to expand at a noteworthy CAGR during the forecast period of 2018-2023.

Market Drivers and Restraints:

The widespread application of medical tubing in catheters and cannulas, draining blood, peristaltic pumps, drug delivery and others have created large growth opportunities for the global medical tubing market. Increasing prevalence of chronic diseases such as diabetes, cancer, cardiovascular disorders and others are inducing high demand for medical tubing in the global market, which is resulting in the significant expansion of the global medical tubing market. The introduction of translucent tubing is aiding the growth of the global medical tubing market. However, allergic reaction towards raw materials used for the production of medical tubing and concerns regarding infection caused due to invasive medical devices are likely to create hindrance in the growth of the global medical tubing market during the forecast period.

Market Segmentation:

The global medical tubing market has been segmented on the basis of material, structure, applications, and region. Based on material, the medical tubing market has been segmented into plastic, rubber, and metal. The plastic segment has been sub-segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyether ether ketone (PEEK), polyamide, polytetrafluoroethylene (PTFE), perfluoroalkoxy (PFA), fluorinated ethylene propylene (FEP), polycarbonate (PC), bioabsorbable polymers, polyester, polylactic acid (PLA), and ethylene-vinyl acetate (EVA). The rubber segment has been sub-segmented into silicone, thermoplastic elastomer, and polyurethane. The metal segment has been sub-segmented into titanium, steel, aluminum, and others.

Based on structure, the medical tubing market has been segmented into single-lumen, multi-lumen, co-extruded, tapered or bump, braided, balloon, heat shrink, high-pressure, thin-walled, coiled, and microextrusion. Based on application, the medical tubing market has been segmented into bulk disposable tubing, draining blood, drug delivery system, catheters & cannulas, and special applications. The bulk disposable tubing segment has been sub-segmented into dialysis and intravenous. The catheters segment has been sub-segmented into cardiovascular, intravenous, and urinary catheters. The special applications segment includes peristaltic pump, gas supply, smoke evacuation, and feeding tubes.

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Regional Analysis:

Geographically, the global medical tubing market has been segmented into North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Among these, the North America region accounted for the major market share in the global medical tubing market. The medical tubing market in this region is majorly driven by increasing demand for medical tubing in the well-developed healthcare sector, rise in prevalence of cardiovascular and renal diseases and increased production of high-quality medical tubing by the prominent players in the North America region. increasing preference of minimally invasive surgeries and high demand for easy to use medical products for dialysis and dental applications are driving the medical tubing market in the Europe region. The medical tubing market in the Asia Pacific region is projecting high growth potential due to the increasing prevalence of chronic diseases, rise in geriatric population and increasing utilization of advanced medical devices in the emerging economies in this region

Industry Updates:

In October 2018, Bristol Instruments, Inc., a specialist in optical interferometer-based instrumentation, has launched a new product to its family of non-contact thickness gauges. The launch of model 137LS optical thickness gauge will benefit the engineers that are involved in the development and production of products such as medical tubing and multi-element optical lens system as it has the capability to measure the thickness of materials up to 28 mm.

In September 2018, Foster Corp., a leading developer and manufacturer of biomedical polymers, has launched new translucent, medical-grade polymer compounds. these newly launched ProPell T materials offer a lower coefficient of friction and provide improved manufacturing and handling of medical catheter tubing.

In September 2018, Teknor Apex Company has launched a new series of medical-grade thermoplastic elastomers which include clear, translucent and opaque-grade Medalist compounds that provide elasticity and durability to peristaltic pump tubing.

Key Players:

The key players that are profiled by MRFR in the report on the global medical tubing market are Zeus Industrial Products, Inc. (the U.S.), Saint-Gobain Performance Plastics (the U.S.), Teleflex Incorporated (the U.S.), Optinova (Finland), Fine Tubes Ltd. (the UK), Davis Standard (the U.S.), Tekni-Plex (Pennsylvania), RAUMEDIC AG (Germany), Lubrizol Corporation (the U.S.), Nordson Corporation (the U.S.), AP Technologies Group Pte. Ltd. (Singapore), and Putnam Plastics (the U.S.).

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