Medical Tubing Market Analysis | CMI

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MEDICAL TUBING MARKET ANALYSIS

• Medical Tubing Market, by Material (Polyvinyl
  Chloride (PVC), Thermoplastic Elastomer (TPE),
  Thermoplastic Polyurethane (TPU), Silicone,
  Polyolefins (Polyethylene (PE), and Polypropylene
  (PP)), and Others), by Application (Peristaltic
  Pump Tubing, Catheters (Diagnostic Catheters,
  Central Venous Catheters, Angioplasty Catheters
  and Other Catheters), Feeding Tubes, Urological
  Retrieval Devices, Cannulas and Other
  Applications), and by Region (North America,
  Latin America, Europe, Asia Pacific, the Middle
  East, and Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2018-2026
• The global Medical Tubing Market size is
  estimated to be valued at US 6,921.1 million in
  2018, and is expected to witness a CAGR of 8.4
  over the forecast period (20182026).

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Global Medical Tubing Market Share (Value Terms),
by Region, 2018
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Market Drivers

• Increasing Prevalence of Chronic Diseases and
  Life Threatening Diseases is Expected to Augment
  Market Growth
• Increasing prevalence of chronic diseases and
  life threatening diseases is expected to
  drastically increase demand for medical tubing
  devices, which are essentially required during
  surgery procedures. For instance, according to a
  study published by National Center for
  Biotechnology Information in 2015, it was
  estimated that around 5.7 million people suffered
  from heart failure in the U.S. Moreover,
  according to Centers for Disease Control and
  Prevention (CDC), 2017, around 610,000 people die
  of heart disease in the U.S. every year.
• According to a report published by the Australian
  Government, Department of Health in 2017, it was
  estimated that 1 in every 2 Australians (50)
  suffers from at least one type of chronic
  condition, such as arthritis, asthma, back pain,
  cancer, cardiovascular disease, chronic
  obstructive pulmonary disease, diabetes or mental
  health conditions. Thus, high prevalence of
  chronic diseases and life threatening diseases is
  expected to be one of the major factors driving
  growth of the global Medical Tubing Market.

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Global Medical Tubing Market Share (Value terms),
By Application 2018 2026
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• Furthermore, launches of advanced medical tubing
  solutions with latest technological features are
  expected to offer prominent growth opportunity
  for medical tubing manufacturers in the market.
• For instance, in 2017, ART Medical Ltd.,
  Israel-based startup, developed a novel
  sensor-based smart tube that enables healthcare
  professional to collect comprehensive patient
  data and reduces the risk of medical
  complications. This novel medical tube is able to
  gather the patient data such as feeding needs,
  saliva secretion, and urine output by using
  sensors embedded in the tubes. It also aid in
  regulating the feeding process and provides
  real-time information, including the exact
  location of the tube. Launches of such novel and
  smart medical tubing in future is enable to
  continue the technological advancement in the
  medical tubing, during the forecast period.

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Market Restraints

• However, side effects related to materials used
  in manufacturing of medical tubing is expected to
  restrain the growth of market. For instance, in
  February 2017, U.S. Food and Drug Administration
  (FDA) pointed out that DEHP (di-2-ethylhexyl
  phthalate), which is used in PVC as a plasticizer
  (softener), may be absorbed into blood and body
  fluids, causing health problems. In addition,
  European Commission issued a notification in
  February 2016, referring the safety of medical
  devices containing DEHP- plasticized PVC or other
  plasticizers on neonates and other groups.
• In 2012, Kaiser Permanente, an American-managed
  care consortium, banned PVC tubing and bags, and
  adopted 100 PVC and DEHP (di-2-ethyl hexyl
  phthalate) free intravenous tubing. Hence, side
  effects related to medical tubing material is
  expected to restrain growth of the market.

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Segment Information

• North America held a dominant position in the
  global medical tubing market in 2017 and is
  expected to retain its dominance over the
  forecast period. This is owing to the rising
  number of patient admissions in emergency wards,
  due to critical health conditions and severe
  injuries that require external support for
  survival. For instance, according to Society of
  Critical Care Medicine, in 2015, over 5.7 million
  patients were admitted in the intensive care
  units (ICU) in the U.S. for intensive or invasive
  monitoring, airway support, stabilization of
  chronic medical problems, and breathing
  disorders.
• Furthermore, Asia Pacific is expected to witness
  a significant growth in the market during the
  forecast period, owing to developments in
  healthcare infrastructure, rising health
  awareness regarding benefits of prevention and
  wellness among patients, and development of
  innovative and cost-effective medical tubing
  solutions. In August 2017, Tekni-plex started a
  new production-manufacturing site near Shanghai
  in China, to satisfy rising needs of the Asia
  Pacific pharmaceutical and medical device market.
  This new facility produces Natvars silicone
  extrusion tubing for catheters, feeding tubes,
  drug delivery, and peristaltic pump applications.
  Navtar is Tekni-plexs global supplier of
  precision medical tubing solutions for wide range
  of medical device products.

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Key Players

• Some of the key players operating in the medical
  tubing market are Compagnie de Saint-Gobain S.A.,
  Teleflex Incorporated, Optinova Holding AB, Zeus
  Industrial Products, Inc., The Lubrizol
  Corporation, Nordson Corporation, Putnam Plastics
  Corporation, Raumedic AG, Tekni-Plex, Inc., and
  Smith Group plc.

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