The global medical tubing market size is expected to grow from USD 4.9 billion in 2021 to USD 7.9 billion by 2026, at a CAGR of 10.0% between 2021 and 2026
The increasing geriatric population and rapid urbanization in emerging economies and increasing demand from the healthcare sector are expected to provide significant growth opportunities for medical tube manufacturers.
New York, November 19, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Medical Tubing Market by Material, Application, Structure And Region – Global Forecast to 2026” – https://www.reportlinker.com/p04147670/?utm_source=GNW
The drug delivery system has been the fastest growing medical tube market in terms of value.
Drug delivery is a method or approach for delivering drugs or drugs through medical tubes to achieve a therapeutic effect in humans or animals. It can be used for the treatment or diagnosis of many diseases such as diabetes, kidney failure, heart disease and others.
Medical tubes are used as a delivery device or channel in drug delivery systems. The demand for medical tubes is increasing due to the increasing frequency of diseases such as diabetes, asthma and the increasing aging of the population.
The current COVID-19 pandemic has also seen an increase in the use of drug delivery systems.
Specialty polymers are the fastest growing material.
Some special polymers used in medical tubing are bioabsorbable polymer and ethylene vinyl acetate. They are increasingly replacing basic plastics due to their high performance.
The growing demand for high quality health care services by consumers is playing an important role in increasing the popularity of these polymers.
Europe is estimated to be the second largest market for medical tubes
Europe is estimated to be the second largest market for medical tubes in terms of value. Technological advancements, increasing geriatric population, increasing number of diseases, such as obesity and diabetes due to modern lifestyle, and increasing incidence of urinary and cardiovascular diseases are contributing growing demand for medical tubes, especially disposable bulk tubes and catheters and cannulas.
In-depth interviews were conducted with CEOs, Marketing Directors, other Innovation and Technology Directors, and executives from various key organizations operating in the Medical Tubing market, and insights were gathered from secondary research to determine and verify the market size of multiple segments.
• By type of business: level 1 – 30%, level 2 – 35% and level 3 – 35%
• By designation: C-level executives: 40%, directors: 40% and others: 20%
• By region: APAC – 50%, Europe – 20%, North America – 10%, Middle East and Africa – 10% and South America – 10%
The main players in this market are Saint-Gobain (France), Freudenberg Medical LLC. (US), WL Gore and Associates Inc. (US), Avient Corporation (US), Raumedic AG (Germany), Lubrizol Corporation (US), Elkem ASA (Norway), Dow Corning Corporation ( United States), Nordson Corporation (United States), Teknor Apex (United States) and Optinova (Finland).
The report offers an overview of the Medical Tubing market in key regions. It aims to estimate the size of the medical tubing market over the forecast period and projects the future growth of the market in various segments based on structure, material, application, and region.
The report also includes in-depth competitive analysis of major players in the Medical Tubing market, along with company profiles, MNM view, recent developments, and key market strategies.
Main advantages of purchasing the report
From an insight perspective, this research report focuses on different levels of analysis – industry analysis (industry trends), market share ranking of top players and company profiles, who, together understand and discuss basic perspectives on the competitive landscape; emerging and fast growing segments of the medical tubing market; high growth regions; and market drivers, constraints, opportunities and challenges.
Read the full report: https://www.reportlinker.com/p04147670/?utm_source=GNW
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