Pune, Maharashtra -- (SBWire) -- 07/19/2023 --The Medical Tubing Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Zeus Industrial Products (United States), Saint-Gobain Performance Plastics (France), Teleflex Incorporated (United States), Optinova Holding AB (Finland), Nordson Corporation (United States), The Lubrizol Corporation (United States), Putnam Plastics (United States), Tekni-Plex (United States), W. L. Gore & Associates (United States), Smiths Group (United Kingdom),
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According to HTF Market Intelligence, the Global Medical Tubing market to witness a CAGR of 5.79% during the forecast period of 2023-2029. The market is segmented by Application (Catheters & Cannulas, Bulk Disposable Tubing, Drug Delivery Systems, Biopharmaceutical Laboratory Equipment, Other Applications, ) by Type (Polyvinyl Chloride (PVC), Thermoplastic Elastomer (TPE), Thermoplastic Polyurethane (TPU), Polyolefin, Silicone, Others, ) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Medical Tubing market size is estimated to increase by USD 3481 million at a CAGR of 5.79% from 2023 to 2029. The report includes historic market data from 2019 to 2023E. Currently, the market value is pegged at USD 8619 million.
Definition:
Medical Tubing is plastic tubing used for various non-invasive medical and laboratory applications and is required to meet specific standards based on abrasion resistance, flexibility, hardness, and durability. It is mainly used for fluid management and drainage, anesthesiology and respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. On the basis of type, medical tubing is segmented as polyvinyl chloride (PVC), thermoplastic elastomer (TPE), thermoplastic polyurethane (TPU), polyolefin, silicone, and others. Various applications of medical tubing include single-lumen, multi-lumen, Co-extruded or bump tubing, braided tubing, balloon tubing, and heat shrink tubing. Rising demand for invasive surgical techniques, the growing aging population and the development of a claim for medical devices that incorporate tubing are anticipated for the growth of the global medical tubing market.
Market Drivers:
- Rising demand for invasive surgical techniques
- Growing Ageing Population
- Developing Claims for Medical Devices That Incorporate Tubing
Market Opportunities:
- Increasing Investments in Healthcare Industry in Emerging Economies
- Invention and Customization of Polymers and Tubing Structure
- Replacement of Metals with Plastics
Medical Tubing Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Zeus Industrial Products (United States), Saint-Gobain Performance Plastics (France), Teleflex Incorporated (United States), Optinova Holding AB (Finland), Nordson Corporation (United States), The Lubrizol Corporation (United States), Putnam Plastics (United States), Tekni-Plex (United States), W. L. Gore & Associates, Inc. (United States), Smiths Group plc (United Kingdom),
Additionally, Past Medical Tubing Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors' Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Medical Tubing market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Medical TubingProduct Types In-Depth: Polyvinyl Chloride (PVC), Thermoplastic Elastomer (TPE), Thermoplastic Polyurethane (TPU), Polyolefin, Silicone, Others,
Medical Tubing Major Applications/End users: Catheters & Cannulas, Bulk Disposable Tubing, Drug Delivery Systems, Biopharmaceutical Laboratory Equipment, Other Applications,
Medical Tubing Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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