Medical Tubing Market, June 2022 Report On Analysis 2022, Size, Top Players with Share, Total Revenues, Product Scope, Business Development and Opportunities till 2030

In a recently published report, Medical Tubing Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2022- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2022, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2022. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2022. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2022. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2022 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Tubing Market products.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Medical Tubing Market is valued approximately at USD 2.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.2% over the forecast period 2020-2026. Medical Tubing is the tubing as per the medical standards and requirements made specifically for medical or pharmaceutical related applications such as Ventilators, Oxygen masks. These are polymer-based tubes produced by an extrusion process and are used in drug delivery systems, peristaltic pumps, feeding tubes. Rising number in geriatric population which witness many health issues due to reduced immunity strength need of various treatments that involve the use of medical tubing which drives the market towards growth. Growing awareness among the people related to advancement in medical facilities and government schemes that provide subsidized health care facilities is also a factor responsible for the growth of medical tubing market. Rising demand for medical devices that has medical tubing as a part of the equipment is fostering demand for the tubing namely, drug delivery systems and Ventilators. As with the spread of the COVID-19 Pandemic the demand for Ventilators has increased.

This increase in demand has brought a surge in ventilator production and procurement across the globe as Ventilator tubing kits are supplied to hospitals as single-use breathing circuits. Thus, boosting the market growth. As per the government of India, the country requires 75 thousand ventilators to battle the Pandemic but only 19 thousand ventilators are available hence the country has placed orders for 60 thousand ventilators. Also, Medtronic Inc. in April 2020 announced to increase its ventilator production though technology partners and government support. The company by the end of April aimed to manufacture more than 400 ventilators a week increasing the production by more than 40%. And over 700 per week by the end of May and targets to produce over 1000 ventilators per week by the end of June. Additionally, new product launches and innovations in the ventilators making them affordable further fuels the market growth. As in April 2020, Philips launched a new emergency use ventilator. The company plans to quickly scale up its manufacturing with a goal of producing 15,000 units per week by the end of April 2020. However, stringent government regulations and high R&D expenditure impedes the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Medical Tubing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing usage in various medical applications and presence of a robust industrial base and large number of established manufacturers of medical tubing in the country. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising population and increasing prevalence of diseases would create lucrative growth prospects for the Medical Tubing market across Asia-Pacific region.

Major market player included in this report are:
Zeus Industrial Products (US)
Saint Gobain Performance Plastics (France)
Teleflex (US)
Optinova (US)
Lubrizol Corporation (Vesta) (US)
Nordson Corporation
Raumedic AG
W. L. Gore & Associates
Freudenberg Medical

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Material:
By Application:
Drug Delivery
Bulk Disposable Tubing
Catheters & Cannulas
Special Applications

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026

Target Audience of the Global Medical Tubing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Medical Tubing Market, by Region, 2018-2026 (USD Billion)
1.2.2. Medical Tubing Market, by Material, 2018-2026 (USD Billion)
1.2.3. Medical Tubing Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Tubing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Tubing Market Dynamics
3.1. Medical Tubing Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Medical Tubing Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Tubing Market, by Material
5.1. Market Snapshot
5.2. Global Medical Tubing Market by Material, Performance – Potential Analysis
5.3. Global Medical Tubing Market Estimates & Forecasts by Material 2016-2026 (USD Billion)
5.4. Medical Tubing Market, Sub Segment Analysis
5.4.1. PVC
5.4.2. TPE & TPU
5.4.3. Polyolefin
5.4.4. Silicone
Chapter 6. Global Medical Tubing Market, by Application
6.1. Market Snapshot
6.2. Global Medical Tubing Market by Application, Performance – Potential Analysis
6.3. Global Medical Tubing Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Medical Tubing Market, Sub Segment Analysis

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