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Medical Tubing Market Analysis | CMI

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Title: Medical Tubing Market Analysis | CMI


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
MEDICAL TUBING MARKET ANALYSIS
  • Medical Tubing Market, by Material (Polyvinyl
    Chloride (PVC), Thermoplastic Elastomer (TPE),
    Thermoplastic Polyurethane (TPU), Silicone,
    Polyolefins (Polyethylene (PE), and Polypropylene
    (PP)), and Others), by Application (Peristaltic
    Pump Tubing, Catheters (Diagnostic Catheters,
    Central Venous Catheters, Angioplasty Catheters
    and Other Catheters), Feeding Tubes, Urological
    Retrieval Devices, Cannulas and Other
    Applications), and by Region (North America,
    Latin America, Europe, Asia Pacific, the Middle
    East, and Africa) - Size, Share, Outlook, and
    Opportunity Analysis, 2018-2026
  • The global Medical Tubing Market size is
    estimated to be valued at US 6,921.1 million in
    2018, and is expected to witness a CAGR of 8.4
    over the forecast period (20182026).

3
Global Medical Tubing Market Share (Value Terms),
by Region, 2018
4
Market Drivers
  • Increasing Prevalence of Chronic Diseases and
    Life Threatening Diseases is Expected to Augment
    Market Growth
  • Increasing prevalence of chronic diseases and
    life threatening diseases is expected to
    drastically increase demand for medical tubing
    devices, which are essentially required during
    surgery procedures. For instance, according to a
    study published by National Center for
    Biotechnology Information in 2015, it was
    estimated that around 5.7 million people suffered
    from heart failure in the U.S. Moreover,
    according to Centers for Disease Control and
    Prevention (CDC), 2017, around 610,000 people die
    of heart disease in the U.S. every year.
  • According to a report published by the Australian
    Government, Department of Health in 2017, it was
    estimated that 1 in every 2 Australians (50)
    suffers from at least one type of chronic
    condition, such as arthritis, asthma, back pain,
    cancer, cardiovascular disease, chronic
    obstructive pulmonary disease, diabetes or mental
    health conditions. Thus, high prevalence of
    chronic diseases and life threatening diseases is
    expected to be one of the major factors driving
    growth of the global Medical Tubing Market.

5
Global Medical Tubing Market Share (Value terms),
By Application 2018 2026
6
  • Furthermore, launches of advanced medical tubing
    solutions with latest technological features are
    expected to offer prominent growth opportunity
    for medical tubing manufacturers in the market.
  • For instance, in 2017, ART Medical Ltd.,
    Israel-based startup, developed a novel
    sensor-based smart tube that enables healthcare
    professional to collect comprehensive patient
    data and reduces the risk of medical
    complications. This novel medical tube is able to
    gather the patient data such as feeding needs,
    saliva secretion, and urine output by using
    sensors embedded in the tubes. It also aid in
    regulating the feeding process and provides
    real-time information, including the exact
    location of the tube. Launches of such novel and
    smart medical tubing in future is enable to
    continue the technological advancement in the
    medical tubing, during the forecast period.

7
Market Restraints
  • However, side effects related to materials used
    in manufacturing of medical tubing is expected to
    restrain the growth of market. For instance, in
    February 2017, U.S. Food and Drug Administration
    (FDA) pointed out that DEHP (di-2-ethylhexyl
    phthalate), which is used in PVC as a plasticizer
    (softener), may be absorbed into blood and body
    fluids, causing health problems. In addition,
    European Commission issued a notification in
    February 2016, referring the safety of medical
    devices containing DEHP- plasticized PVC or other
    plasticizers on neonates and other groups.
  • In 2012, Kaiser Permanente, an American-managed
    care consortium, banned PVC tubing and bags, and
    adopted 100 PVC and DEHP (di-2-ethyl hexyl
    phthalate) free intravenous tubing. Hence, side
    effects related to medical tubing material is
    expected to restrain growth of the market.

8
Segment Information
  • North America held a dominant position in the
    global medical tubing market in 2017 and is
    expected to retain its dominance over the
    forecast period. This is owing to the rising
    number of patient admissions in emergency wards,
    due to critical health conditions and severe
    injuries that require external support for
    survival. For instance, according to Society of
    Critical Care Medicine, in 2015, over 5.7 million
    patients were admitted in the intensive care
    units (ICU) in the U.S. for intensive or invasive
    monitoring, airway support, stabilization of
    chronic medical problems, and breathing
    disorders.
  • Furthermore, Asia Pacific is expected to witness
    a significant growth in the market during the
    forecast period, owing to developments in
    healthcare infrastructure, rising health
    awareness regarding benefits of prevention and
    wellness among patients, and development of
    innovative and cost-effective medical tubing
    solutions. In August 2017, Tekni-plex started a
    new production-manufacturing site near Shanghai
    in China, to satisfy rising needs of the Asia
    Pacific pharmaceutical and medical device market.
    This new facility produces Natvars silicone
    extrusion tubing for catheters, feeding tubes,
    drug delivery, and peristaltic pump applications.
    Navtar is Tekni-plexs global supplier of
    precision medical tubing solutions for wide range
    of medical device products.

9
Key Players
  • Some of the key players operating in the medical
    tubing market are Compagnie de Saint-Gobain S.A.,
    Teleflex Incorporated, Optinova Holding AB, Zeus
    Industrial Products, Inc., The Lubrizol
    Corporation, Nordson Corporation, Putnam Plastics
    Corporation, Raumedic AG, Tekni-Plex, Inc., and
    Smith Group plc.

10
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com
    /market-insight/medical-tubing-market-1643

11
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

12
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

13
  • Thank You!
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