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Medical Tubing Market Analysis | CMI

Read here the latest updates on the Medical Tubing Market Analysis published by CMI team

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Medical Tubing Market Analysis | CMI

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  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 (2018–2026).

  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 Natvar’s silicone extrusion tubing for catheters, feeding tubes, drug delivery, and peristaltic pump applications. Navtar is Tekni-plex’s 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@coherentmarketinsights.com

  13. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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