Press Release

Around USD 12 Billion Global Medical Tubing Market to Grow at a CAGR of 8.5%

The Global Medical Tubing Market size was valued at USD 11.9 billion in 2024 and is projected to reach USD 19.5 billion by 2030. The market is estimated to grow at a CAGR of around 8.5% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report.

As the cases of periodontal disease resulting in tooth loss have been increasing globally due to high consumption of sugary items, poor brushing habits, tobacco consumption, medications, etc., the patients have been undergoing dental implants or other oral care surgeries. The need for medical tubing has also increased simultaneously as these are highly essential for irrigation, suction, and anesthesia delivery during these procedures. Further, for designing & developing efficient drug delivery systems such as insulin infusion pumps & nebulizers, medical tubing has been in continuous demand globally.

Also, a large proportion of people have been suffering from various urological diseases such as urinary incontinence & prostate cancer. These patients get relief in the form of urinary catheters that effectively allow for drainage of urine in any urological condition. Subsequently, the demand for a variety of medical tubing that is used in these urinary catheters to facilitate drainage of urine has seen a rise.

Moreover, due to factors such as obesity & old age, rates of cardiovascular diseases have been alarming throughout the world. As a result, a significant surge has been observed in procedures of cardiac catheterization that are intended for the diagnosis of heart problems. Due to this, medical tubing has been in continuous demand as these are essential for guiding the catheters through the blood vessels for successful evaluation of the heart. Additionally, preference for minimally invasive procedures has been rising globally as these are associated with minimal pain, increased patient comfort, faster recovery, etc. This has successfully driven the adoption of medical tubing that allows for the precise delivery of fluids, and medications, or performing diagnostics with minimal patient discomfort. Ultimately, the Medical Tubing Market has been experiencing positive growth trends, further states the research report, “Global Medical Tubing Market Analysis, 2024.”

Global Medical Tubing Market Segmentation Analysis

Catheters & Cannulas Segment Held the Prominent Market Share of the Global Medical Tubing Market

Based on the application segment, the market is further bifurcated into, Catheters & Cannulas, Drug Delivery Systems, Implants, Disposable Tubing, and Biopharma Laboratory Equipment. Out of all, the Catheters & Cannulas category is expected to grow with a considerable market share. The high rates of hematological disorders like anemia & leukemia have escalated the need for blood transfusions. As a result, the need for cannulas to facilitate successful blood transfusion procedures has increased and subsequently the need for medical tubing. Also, the rising number of surgeries globally as a result of chronic diseases, road accidents, cosmetic purposes, etc., has impacted the market for medical tubing positively. This is because surgeries often require blood transfusion & thereby the cannulas. Further, cannulas have been employed for providing medications & required nutrients to tuberculosis, HIV, and other patients who have been visiting hospitals in large numbers. Consequently, the category’s market size has been expanding.

Additionally, urinary catheters have been in demand to help patients with kidney diseases like urinary incontinence & benign prostatic hyperplasia whose number has been escalating globally. Also, balloon catheters have been used to remove blockage in heart patients as their percentage has been rising around the world. As a result of all this, the need for medical tubing that are crucial component of urinary catheters & cardiovascular catheters has been surging. Hence, the overall market size of catheters & cannulas has been expanding across regions.

North America Leads the Global Medical Tubing Market

North America expects to hold a considerable market share, among all regions. This is because, in the region, rates of Parkinson’s disease in which patient loses the ability to eat or drink by themselves, have been increasing. As a result, the need for medical tubing to feed such patients has been high in North America. Also, the region has been witnessing high rates of cancer cases in which intravenous chemotherapy (IV) is prescribed as an essential treatment option. Due to this, the demand for medical tubing for administering IV chemotherapy as well as other medications & nutrients to cancer patients, has increased. Moreover, a significant proportion of people in regional countries like the US & Canada have been suffering from kidney diseases and have been on dialysis. Due to this, medical tubing demand has been continuously increasing in the region to facilitate dialysis procedures. Hence, considering the aforementioned factors, the North America Medical Tubing Market has been experiencing expansion in market size.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Zeus Company LLC, Saint-Gobain Life Sciences, Optinova, Lubrizol Lifescience, Nordson Corporation, Putnam Plastics, Raumedic AG, Tekni-Plex, Trelleborg Group, Bentec Medical, Spectrum Plastics Group, Freudenberg Medical, MDC Industries, DuPont, and Others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?