Sun, 05 Dec 2021

The chemical Medical Tubing Market has witnessed vast growth in the Chinese chemicals sector, which is in turn affecting the value-chain of the European chemicals market. Europe's chemical market decline could also be blamed on slow innovation rates. The mobility trends that have been observed in the industry are indicative of a drop in the development of transportation fuels, which is pushing the manufacturers to rethink their petrochemical straxtegy, owing to the chemical and petrochemical integration.

The global medical tubing market is expected to reach USD 12.50 Billion by 2026, according to a new report by Reports and Data. Medical tubing is a kind of tubing that comply with medical industry requirements and standards for various medical or pharmaceutical related applications. Medical tubing is deployed for fluid management and drainage along with anesthesiology and respiratory equipment, IVs, catheters, and biopharmaceutical laboratory equipment, among others.

Increasing geriatric population is expected to drive the market demand in the forecast period. Elderly people face several health issues owing to reduced immunity strength and require various treatments that include the implementation of medical tubing. Increasing awareness pertaining to advancement in healthcare facilities and government initiatives to make subsidized medical facilities available to people is another driver causative of the market growth. Growing demand for medical devices that has medical tubing as a part of the equipment is pushing demand for the tubing. Increased healthcare spending to avoid future hazards and a large number of invasive surgeries are increasing the demand for medical tubing. Continuous customization of polymers and restructuring of the tubing has given various opportunities for the players in the market.

Additionally, the expanding medical industry in both developed and developing regions are positively impacting the market demand. The demand for medical tubing is mounting in surgical implants owing to lubricity and biocompatibility. Growing instances of non-invasive surgical procedures for treatment is propelling the market growth in emerging economies such as India and China. Moreover, increasing demand from technically advanced medical devices to meet various neurological and surgical applications is elevating the medical tubing demand.

Key players operating in the market:

Zeus Industrial products, Teleflex, Saint-Gobain Performance Plastics, Optinova, Lubrizol, Spectrum Plastics Group, Nordson Corporation, Raumedic, Putnam Plastics, and Tekni-Plex, among others.

Get a sample copy of the Medical Tubing industry report @ https://www.reportsanddata.com/sample-enquiry-form/1699

Global Medical Tubing Market: Regional Segmentation

North America

US

Canada

Mexico

Europe

Russia

UK

Germany

France

BENELUX

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Rest of Asia Pacific

Latin America

Brazil

Rest of Latin America

Middle East & Africa

Saudi Arabia

UAE

Israel

Download Summary: https://www.reportsanddata.com/download-summary-form/1699

Market Segmentation:

The global Medical Tubing market is segmented in terms of product type, application, end-use, and region.

Material Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Plastics

Metals

Silicone

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Bulk Disposable Tubing

Biopharmaceutical Laboratory Equipment

Catheters

Others

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/medical-tubing-market

Further key findings from the report suggest:

Plastics contributed to the largest market share in 2018 and is expected to grow at a rate of 8.8% in the forecast period as plastic tubing delivers a wide range of chemical and corrosion resistance, exceptional abrasion and wear resistance, greater flexibility, visual contact with the flow, and outstanding flow characteristics.

By application, catheters held a substantial market share in 2018 and are forecasted to grow at a rate of 8.9% in the forecast period. Medical catheters and tubing are like carriers, navigating intricate regions of the body to deliver or remove fluids and to treat or diagnose abnormalities. Their role is fundamental to several diagnostic procedures and treatments, such as medicine delivery and toxin removal, among other specific functions.

The market in the North America region dominated the market in 2018 and is projected to grow at a rate of 8.1% in the forecast period owing to initiatives taken by the governments in the region to offer superior medical facilities.

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/1699

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.

Read More Related Reports:

Positive Photoresist Market Share

Self-Adhesive Tapes Market Segmentation

About Us: We are a boutique market intelligence and strategic consulting firm dedicated to make an meaningful impact on businesses across the globe. Our stellar estimation and forecasting models have earned recognition across majority of the business forum across the globe. Our services are arrayed over diverse sectors and industries looking to expand in alternative regions and products.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blog: https://www.reportsanddata.com/blogs

Report: https://www.reportsanddata.com/upcoming-reports

More New York City News

Access More

Sign up for New York City News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!