Medical Tubing Global Market Report 2023- By Product, By Application, By End-User Forecast To 2032

The global medical tubing market size is expected to reach USD 11.9 billion by 2025, expanding at a revenue-based CAGR of 9.2%, according to a new report by Radiant Insights, Inc. An increase in health expenditure by individuals and increasing emphasis by the government on healthcare are expected to stimulate market growth over the forecast period.

The advent of negative wound therapy wherein plastic tubes are used to remove infectious materials and fluids is expected to further propel product demand over the forecast period.

Growing consciousness regarding hospital-acquired infections coupled with rising concerns related to the spread of such infections is expected to surge the demand for single-use or disposable healthcare devices.

Further key findings from the report suggest: • The demand for PVC tubes is anticipated to reach USD 3.3 billion by 2025 owing to the rising demand for single-use pre-sterilized medical devices which are transparent, biocompatible, and offer high resistance to chemicals • The biopharmaceutical laboratory equipment segment is anticipated to witness a CAGR of 10.8% in terms of revenue on account of rising demand for diagnostic equipment in order to detect diseases in the initial stages and mitigate higher treatment costs • The silicon segment accounted for 24.2% market share in 2018 in terms of revenue as the product offers flexibility and high tear strength along with improved resistance to temperatures ranging from -750oF to 5000oF • Asia Pacific is anticipated to witness a CAGR of 10.6% in terms of revenue over the forecast period owing to rise in advancements in terms of medical device regulations and technologies in countries such as China, Japan, India, and South Korea • The manufacturers are investing in R activities in order to provide innovative technologies along with acquiring vertical integration strategies to expand and strengthen their presence across the globe.

Secondary Sources & Third-Party Perspectives1.3.4.

Penetration and Growth Prospect Mapping3.4.

The titled “Global Medical Tubing Market” report disclosed by Orbis Research gives the Strategic Overview of the Medical tubing market industry growth and provides a path to take a proper decision for better business opportunities.The report ‘Global medical tubing market’ is a comprehensive collection of all the market related information required for analyzing and understanding the ‘medical tubing market’.

This information is crucial from the point of view of businesses looking for investments, new ventures, mergers and acquisitions and seeking more valuable and insightful information on markets of their interests.Get Sample Pages of report @ http://www.orbisresearch.com/contacts/request-sample/2330150 The global medical tubing market was valued at USD 5.72 Billion in 2017 and is estimated to grow at a CAGR of 9.0% between 2018 and 2023Medical tubing market is strongly guided by following key players:Zeus Industrial Products, Saint-Gobain Performance Plastics, Teleflex, Optinova, Lubrizol (Vesta), Nordson Corporation, Putnam Plastics, Raumedic, Tekni-Plex, W.L.Gore & Associates (Fermatex Vascular Technology), Ap Technologies, A.P.

Extrusion, B. Braun, Cook Medical, FBK Medical Tubing, Inc., Freudenberg Group, Grayline, LVD Biotech, MDC Industries, Medtronics, Microlumen, Nusil Technology, Polyzen, Teel Plastics Inc.This report ‘medical tubing market’ also gives an analysis of the market segments based on applications, types and key players.

It consists of an elaborate chapter on the competitors dwelling in the ‘medical tubing market’.

For effective analysis, the report has considered the period from 2012 – 2017 as a base period and the information as historical data.The period from 2018 – 2023 is considered as the forecast period.

Based on the detailed historical data an analysis for the forecast period is created.