Medical tubing is a polymer-based tube extensively used in drug delivery systems, feeding tubes, peristaltic pumps produced through the extrusion process.
Global Medical Tubing Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Medical Tubing market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Medical Tubing Market Analysis, 2020”, the Global Medical Tubing market is anticipated to grow at a CAGR of around 7.5% during 2020-25. The Medical Tubing market is expected to foresee an exponential growth rate in the forecast period owing to the extensive government schemes in the developing and developed countries to deliver healthcare facilities subsidy, rising awareness of customers to improve health conditions, along with augmenting demand for high-quality tubing material from healthcare and also due to the advancement of medical facilities.
Moreover, COVID-19 has stimulated the demand for medical devices that include medical tubing due to the rising number of patients with medical conditions such as asthma and diabetics, which require medical tubing. Apart from this, escalating the aging population and rise in prevalence of diseases such as cancer, arthritis, and cardiovascular diseases globally are also anticipated to bolster the demand for medical tubing in the forthcoming years.
Silicone Material Acquired the Majority Market Share
Based on material, silicone segment captured the majority market share in the Global Medical Tubing market on an account of constant rise in the demand for medical applications due to characteristics such as flexibility, high dielectric strength, semi-permeability to certain materials, and ability to resist chemicals.
Moreover, polyolefins also projected to exhibit the fastest growth in the forthcoming period due to the extensive use of the material for its mechanical endurance in the production of medical-grade heat shrink tubing. Thus, it is anticipated to strongly contribute toward the growth of the Medical Tubing market globally in the near future as stated in the MarkNtel Advisors’ research report “Global Medical Tubing Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Medical Tubing market include Zeus Industrial Plastic, Saint-Gobain, Optinova, Lubrizol Lifescience, Nordson, Putnam Plastics, Raumedic, Tekni-Plex, MicroLumen, Trelleborg, Bentec Medical, Spectrum, Freudenberg, MDC, TE Connectivity etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Medical Tubing Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Medical Tubing Market during 2020-25?
A. The growth rate of Global Medical Tubing Market during 2020-25 is forecast to be grow at a CAGR of 7.5%.
Q. Who are the key competitors or players operating in Global Medical Tubing Market?
A. Zeus Industrial Plastic, Saint-Gobain, Optinova, Lubrizol Lifescience, Nordson, Putnam Plastics, Raumedic, Tekni-Plex, MicroLumen, Trelleborg, Bentec Medical, Spectrum, Freudenberg, MDC, TE Connectivity etc., are few of the leading players in the Global Medical Tubing Market.
Q. Which application segment would emerge as an opportunity area for players in Global Medical Tubing Market?
A. Drug delivery system is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Medical Tubing Market?
A. North America grabbed a majority market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Medical Tubing Market.