Press Release   -

Medical Tubing Market to Reach Valuation of USD 22.1 Billion by 2032 – Advancements in Tubing Materials and Increasing Use of Minimally Invasive Surgeries Drives the Market

In terms of revenue, the Global Medical Tubing Market Market is expected to reach USD 22.1 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 9.20% from 2024 to 2032.

Medical tubing is widely used in healthcare today and a crucial tool. Feeding tubes, in particular, have become essential devices with many uses in the medical industry, including draining and managing fluids. They are also versatile in important medical procedures such as catheterization, anaesthesiology, respiratory support, intravenous therapy, operation of peristaltic pumps, and use in biopharmaceutical laboratory equipment, among other applications. In cardiac catheterization, feeding tubes are essential because they allow physicians to identify constricted blood arteries precisely and do heart disease testing. Additionally, they help measure pressure and oxygen levels in different parts of the heart, demonstrating their diverse and vital role in advancing medical diagnosis and treatment.

Diverse factors fuel the growth of the medical tubing market. The increasing use of minimally invasive surgeries, along with the rise in chronic diseases and an aging global population, leads to a higher demand for medical tubing. The advancements in tubing materials, increased healthcare spending, and the growing popularity of home healthcare also contribute to the market's growth. Furthermore, developing advanced medical devices and a dedication to meeting regulatory and quality standards are essential for driving continuous innovation and expansion in the medical tubing market.

Key Highlights from the Report

• Based on the segmentation of Material, the Plastics segment dominates the Medical Tubing Market in 2023 owing to the advantages of plastic over other materials and advancements in plastic materials & manufacturing technologies.
• Furthermore, based on the Application segmentation, the Bulk Disposable Tubing segment is predicted to show the most significant growth in the market in 2023 due to the increased demand for medical devices and the need for safe and cost-effective disposable solutions.
• In addition, based on the segmentation of Structure, the Single-Lumen sector experienced the most potential market growth due to the growing requirement for minimally invasive procedures and the growing healthcare infrastructure.
• Finally, based on the Region segmentation, North America holds the significant market share within the Medical Tubing Market in 2023, owing to the advancements in medical technology and the rising prevalence of chronic diseases.

Market Dynamics

Catheter use is essential in order to make procedures less invasive and more patient-friendly. These catheters help with tasks such as removing blood clots, inserting implants, and delivering drugs accurately, which leads to faster recovery and fewer complications. In addition, as people get older, there is a noticeable increase in peripheral artery disease (PAD), especially among those in their 60s and 70s. This trend, combined with an aging global population, is expected to increase the demand for medical tubing, specifically for procedures like angioplasty and stenting used in the treatment of PAD. In simpler terms, the changing medical field and demographic factors create a greater need for specialized medical tubing to meet healthcare needs.

North America led the Medical Tubing Market in 2022 owing to the rise in the older population, the prevalence of chronic diseases, the launch of new products, and the expanding need for minimally invasive procedures. 

The United States is expected to have a significant impact on this market, especially considering the concerning statistics on chronic kidney disease (CKD). Over 1 in 7 adults in the US suffer from CKD, with an estimated 37 million Americans affected. This rise in CKD is predicted to increase the demand for urinary catheters, contributing to the overall expansion of the medical tubing market. Furthermore, ongoing product launches, such as Imperative Care Inc.'s Zoom POD Aspiration Tubing, introduced in February 2022, highlight the market's positive trend. This innovative addition to the Zoom Stroke Solution reflects the company's dedication to improving stroke care, showing the continuous growth and development of the medical tubing industry.

The Global Medical Tubing Market is Segmented as follows

• Structure
  • Single-Lumen
  • Co-Extruded
  • Multi-Lumen
  • Tapered or Bump Tubing
  • Braided Tubing
• Application
  • Bulk Disposable Tubing
  • Catheters & Cannulas
  • Drug Delivery System
  • Other Applications
• Material
  • Plastics
  • Rubbers
  • Specialty Polymers
  • Other Materials
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Medical Tubing Market is

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The Global Medical Tubing Market Scope can be Tabulated as below

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