Medical Tubing Market: Upcoming Trends And Growth Opportunities| MarketsandMarkets™

Posted by Jack Martin on March 29th, 2023

Medical tubing is a type of tubing used in the medical field for a variety of purposes. It is typically made of silicone, polyurethane, latex, PVC, polyethylene, and other materials. It is used in a variety of medical applications including catheters, endoscopes, and medical devices. Medical tubing is used for transporting fluids, carrying medicines and other substances, and connecting medical devices. It is used in a variety of medical applications such as intravenous (IV) therapy, dialysis, and drug delivery.

The demand for medical tubing is increasing due to the growth of the medical device industry and the need for more sophisticated medical technology. The global medical tubing market size is projected to grow from USD 4.9 billion in 2021 to USD 7.9 billion by 2026, at a CAGR of 10.0%. Increasing demand for minimally invasive surgical techniques and the introduction of new materials and technologies in medical tubing are some of the factors expected to drive the growth of the market. Additionally, increasing awareness about the advantages of medical tubing such as biocompatibility and superior performance is also driving the market.

The North American market for medical tubing is expected to be the largest, driven by the increasing demand for medical devices and the growing prevalence of chronic diseases. The rising demand for minimally invasive surgeries, changing lifestyles, and the growing geriatric population in the region are some of the key factors driving the growth of the medical tubing market. Furthermore, the increasing investments in the medical devices sector and the presence of major medical device manufacturers in the region are also contributing to the growth of the medical tubing market. Additionally, the presence of healthcare infrastructure, rising incomes, and healthcare expenditure are some of the other factors driving the growth of the medical tubing market in North America.