Surgical Tubing Market is going to Boom | Gaining Revolution with Technology

Posted by vinit sawant on April 28th, 2021

Market Highlights

The growth of global surgical tubing market is driven by various factors such as increasing geriatric population worldwide, and rising innovations by major players. However, the stringent regulatory policies and significant investment and time required for product development are projected to hamper the growth of the global surgical tubing market.

According to MRFR analysis, the global surgical tubing market size is expected to register a CAGR of 8.6% during the forecast period of 2019 to 2025 and is expected to reach USD 4,260 Million by 2025.

The global surgical tubing market is currently dominated by several market players. The key players are involved in product launches and strategic collaborations to strengthen their market positions.

Segmentation

The global surgical tubing market has been segmented based on material, structure, application, and end user.

The global surgical tubing market has been segmented, based on structure, into single-lumen, multi-lumen, braided tubing, balloon tubing, and others. The single-lumen segment is expected to hold the majority share of the market owing to the wide number of applications in surgical instruments. The multi-lumen segment is expected to be the fastest-growing due to the rising surgical procedures.  

The end user segments of the market are hospitals and clinics, ambulatory surgical centers, and others. The hospitals and clinics segment is expected to hold the largest share of the market due to the increasing number of hospitals and clinics using surgical instruments. The ambulatory surgical centers segment is expected to be fastest growing owing to the increased preference of medical professionals for carrying out surgical procedure.

Key Players

Some of the key players in the global surgical tubing market are Zeus Industrial Products (US), Saint-Gobain Performance Plastics (France), Teleflex (US), Raumedic (Germany), Tekni-Plex (US), W.L.Gore & Associates (US), Kent Elastomer Products, Inc. (US), A.P. Extrusion (US), Freudenberg Group (Germany), Grayline (US), Microlumen (US), Polyzen (US), among others.