CHICAGO, Nov. 1, 2023 /PRNewswire/ -- The report "Medical Tubing Market by Material (Plastics, Rubbers, Specialty Polymers), Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, Specialty Applications), Structure, and Region - Global Forecast to 2028", is projected to reach USD 15.7 billion by 2028, at a CAGR of 8.2% from USD 10.6 billion in 2023.
The Medical tubing market is driven by increasing demand for minimally invasive medical procedures, growing adoption of advanced medical technologies, development of novel technology, increasing demand for medical tubing in healthcare industry, and stringent regulations for medical devices.
Browse in-depth TOC on "Medical Tubing Market"
230 - Tables
50 - Figures
212 - Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162082103
"Rubber is projected to be the largest material of medical tubing, in terms of value, during the forecast period."
Rubber medical tubing is made from different materials such as silicone, polyurethane, latex, thermoplastic elastomer, ethylene propylene diene monomer, and thermoplastic polyurethane. These tubes are flexible, durable, and abrasion-resistant, making it suitable for various medical applications. It is used for various applications such as blood transfusion, IV transfusion tubing, respiratory tubing, urological products, syringes, needles, surgical instruments, and others.
"Catheters & cannulas is projected to be the largest application of the medical tubing, in terms of value."
Catheters & cannulas are medical tubes used for healthcare applications such as medication, drainages of fluids, and blood pressure measurement. The catheters & cannulas market is driven by increasing cardiovascular diseases and the growing demand for minimally invasive surgeries. Consumers are opting for minimally invasive surgeries, as the procedure reduces the time of stay in hospitals during treatment, which lowers the overall costs a patient will incur during the treatment.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=162082103
"North America captures the largest share in the medical tubing market during the forecast period, in terms of value."
The North America region is a significant market for medical tubing, driven by high awareness of medical tubing for applications such as bulk disposable tubing, catheters & cannulas, drug delivery devices, special applications in the healthcare sector, and large-scale production in the region, technological advancements, aging population, and stringent regulatory standards.
Get Customized Reports: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=162082103
Market Players
Mergers, new product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the medical tubing market include Saint-Gobain (France), Freudenberg Medical (US), W. L. Gore & Associates, Inc. (US), Lubrizol Corporation (US), TE Connectivity (Switzerland), Nordson Corporation (US), Elkem ASA (Norway), Raumedic AG (Germany), Teknor Apex (US), Spectrum Plastics Group (US) and others.
Browse Adjacent Market: Specialty Chemicals Market Research Reports
Related Reports:
Dimethyl Carbonate Market - Global Forecast to 2027
Medical Plastics Market - Global Forecast to 2024
About MarketsandMarkets
MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish MehraMarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/medical-tubing-market.asp
https://www.marketsandmarkets.com/ResearchInsight/biomedical-textile-market.asp - utm_source=Prnewswire&utm_medium=referral&utm_campaign=paidpr
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/medical-tubing.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/medical-tubing-market-worth-15-7-billion-by-2028--exclusive-report-by-marketsandmarkets-301973939.html
