Industry: Healthcare
Published Date: February-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 223
Report ID: PMRREP34008
The global medical tubing market is forecast to expand at a CAGR of 8.0% and thereby increase from a value of US$10.8 Bn in 2023, to US$18.5 Bn by the end of 2030.
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Attributes |
Key Insights |
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Medical Tubing Market Size (2023E) |
US$10.8 Bn |
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Projected Market Value (2030F) |
US$18.5 Bn |
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Global Market Growth Rate (2023 to 2030) |
8.0% CAGR |
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Historical Market Growth Rate (2018 to 2022) |
7.8% CAGR |
Medical tubing, a hollow cylindrical conduit utilized in medical devices for the transmission of liquids and gases, is crafted from materials like silicone, nylon, PVC, polyethylene, and TPE. This versatile product finds application in fluid management, catheters, drainage systems, peristaltic pumps, intravenous administration, bio-pharmaceutical laboratory equipment, anesthesia, and respiratory devices. Boasting attributes such as resistance to temperature, pressure, and abrasion, along with desirable features like hardness, flexibility, and durability, medical tubing is crucial in various healthcare settings.
Notably, its composition of recyclable plastic ensures immediate compatibility with the human body, eliminating allergic reactions. Moreover, medical tubing, marked by high purity, exhibits resilience in demanding mechanical conditions, making it a staple in clinics, hospitals, and ambulatory surgery centers. Compliance with the US FDA standards further underscores its reliability, tailored to specific medical applications.
The global market for medical tubing is anticipated to witness substantial growth, propelled by the escalating prevalence of chronic and life-threatening diseases, including cancer and cardiac conditions. A 2017 report from the Australian Government, Department of Health, revealed that half of Australians were affected by at least one chronic condition. This pervasive health concern underscores the indispensable role of medical tubing devices in surgical procedures. As the demand for such devices continues to rise, the medical tubing market is poised for significant expansion, driven by the imperative needs of the healthcare industry.
Growing Geriatric Population, and Advanced Healthcare Infrastructure
The surging global aging population has become a pivotal factor propelling the need for medical devices featuring advanced tubing systems, thereby catalysing market expansion. Additionally, the escalating incidence of cardiovascular diseases, cancer, arthritis, and other conditions requiring intricate surgical interventions has driven the demand for minimally invasive treatment solutions. This upsurge has, in turn, led to an increased utilization of materials like nylon, plastic polymers, silicone, etc., known for their suitability in crafting catheters and medical tubing, thereby fostering a rise in the global demand for medical tubing.
In the US, a robust healthcare infrastructure coupled with a significant elderly demographic and higher disposable incomes among patients serves as a key driver for the healthcare sector. According to the Population Reference Bureau, the population of individuals aged 65 and older in the US is anticipated to nearly double from 52 million in 2018 to 95 million by 2060. These factors are poised to exert a positive influence on the demand for medical tubing, particularly in applications such as catheters and drug delivery systems, offering substantial business opportunities in the healthcare market.
Stringent Regulations Surrounding Medical Devices
Prominent participants in the medical tube manufacturing market must adhere to specific standards and attain certifications to establish their presence in the industry. Among these, ISO 10993, a collection of International Standards Organization (ISO) criteria, evaluates the biocompatibility of medical devices before undergoing clinical trials or studies. Another crucial certification is the USP Class VI, established by the United States Pharmacopeia Convention (USP), which assesses the suitability of materials and compatibility for medical-grade devices.
These standards encompass toxicity, biochemical compatibility, leaching, and inertness tests, with USP Class VI often considered a minimum requirement for all medical-grade devices. Additionally, the Food and Drug Administration (FDA) may stipulate specific requirements for certain types of medical tubing based on their intended applications.
The stringent demands of these high standards can pose challenges for new entrants, serving as a barrier that may impede market growth. Compliance with these regulatory measures is paramount for businesses aspiring to thrive in the competitive landscape of medical tube manufacturing.
The production of medical tubes demands substantial investment and time commitment, with potential setbacks arising from delays in regulatory approvals that can prolong the development process. Such delays may lead to a reduction in investments dedicated to the advancement of medical product development technology.
Additionally, heightened research and development (R&D) expenses, along with stringent adherence to regulatory standards, pose formidable challenges within the market. The collective impact of these challenges has the potential to impede the expansion of the medical tubing market.
Substantial Initial Investments in Healthcare Sector
The recent robust expansion of the healthcare industry has been facilitated by a surge in foreign direct investment (FDI), favorable reimbursement regulations, and augmented financial commitments from both government and private sectors. In the fiscal year 2022-23, India's public spending on healthcare reached 2.1% of the Gross Domestic Product (GDP), marking an increase from 2.2% in FY22 and 1.6% in FY21, as reported by the Economic Survey of 2022-23.
The evolving landscape of the healthcare market in developing nations, driven by changing consumer preferences, heightened healthcare awareness, and aging populations, presents substantial potential for the utilization of medical tubing in the healthcare and medical device domains. The upswing in public expenditure on healthcare infrastructure, coupled with improving economic conditions and increased consumer purchasing power, collectively contribute to the expansive growth of markets in developing economies. Consequently, the medical tubing market stands to benefit significantly from the ample opportunities arising due to heightened investments in healthcare infrastructure.
The medical tubing market is anticipated to undergo substantial expansion and change. There exists substantial potential for the development of innovative medical tubing products that can positively impact patient outcomes and contribute to cost savings in healthcare. Examples include tubing featuring advanced coatings to prevent infections and tubing equipped with health monitoring sensors, both presenting lucrative market opportunities.
Rapid economic growth in emerging markets like India, China, and Brazil has led to an increased demand for medical devices, offering manufacturers significant avenues for expansion. Leveraging modern manufacturing technologies, such as 3D printing and automation, has considerably improved the efficiency and speed of medical tubing production, leading to cost reduction and accelerated product development timelines.
Supply-side Dynamics
Several factors, including the growing burden of chronic diseases, the geriatric population, and rising demand for minimally invasive medical procedures boost the product demand. Asahi Tec Corp., MDC Industries, Nordson Corp., ZARYS International Group, and Hitachi Cable America Inc. are market leaders in the manufacturing sector. The countries of Germany, Japan, China, France, and the United States are significant producers of medical tubes.
In response to Japan's susceptibility to earthquakes and tsunamis, healthcare providers are placing a strong emphasis on the necessity of robust and portable medical equipment. The recognition of medical tubing as a vital component in disaster preparedness is growing, contributing to heightened demand, as it can be efficiently and consistently deployed in emergencies. Germany is widely recognized for its advanced technological capabilities, specifically in the fields of medical treatments and diagnostic methods.
Several corporations are allocating resources towards expanding their capacity to satisfy the increasing need for medical tubing. Increased collaboration is observed among various stakeholders in the healthcare sector, such as hospitals, research institutions, and medical device manufacturers. Engaging in collaborative efforts and co-developing innovative solutions enables manufacturers to stay informed about emerging demands and trends. Moreover, such partnerships can contribute to ensuring seamless integration of their products with other medical devices.
Which Material is Predicted to Dominate?
Plastics Remain the Material of Choice for Unmatched Inertness, Sterilisation Resistance, and Cost Efficiency
Plastics are integral in the production of medical tubes, serving crucial roles in the manufacturing of devices such as biopsy sample conduits, vascular catheters, and stent holders. This is attributed to their inert nature towards body fluids and tissues, resilience under sterilization conditions, cost-effectiveness for high-volume applications, and superior optical properties. Consequently, the heightened adoption of medical tubes crafted from plastics is notable in the medical device industry.
What is the Key Application Area?
Bulk Disposable Tubing to be the Prime Application Category, Attributing to Rapid Recovery Times, and Shorter Hospital Stays
Bulk disposable devices encompass a range of products including surgical instruments, urological items, syringes, and needles. The increasing focus on preventing cross-patient infections is anticipated to propel this segment in the forecast period. Less invasive medical procedures are gaining popularity due to their cost-effectiveness, rapid recovery times, and shorter hospital stays compared to traditional surgical methods.
Moreover, the prevalence of conditions like cardiovascular diseases, arthritis, and cancer necessitates extensive surgical interventions, driving the demand for minimally invasive procedures. This surge, in turn, amplifies the need for plastic polymers, particularly suitable for catheters and medical tubes.
Surgical instruments like trocars and inflators are experiencing heightened demand, driven by the growing preference for minimally invasive devices. These instruments necessitate robust and rigid polymer materials capable of resisting bending during insertion into body cavities, aligning with the evolving requirements of medical procedures.
Which is the Leading Segment by Structure?
High Versatility and Wider Applicability Push Dominance of Single-lumen Tubing Structure
The segment of single-lumen tubing is witnessing remarkable growth based on its structural attributes, driven by a strategic emphasis on providing exceptional versatility and broad applicability across diverse medical procedures. Manufacturers are customizing single-lumen tubing to cater to the specific requirements of various medical applications, encompassing catheters, intravenous sets, and respiratory tubes. The focus on crafting tubing with adaptability, and multifunctionality aligns seamlessly with the dynamic landscape of evolving medical practices, where the efficiency, and versatility of a single-lumen design prove to be instrumental.
North America’s Top Position Upheld by Rising Healthcare Expenditures, and Government Policies
The market is anticipated to experience heightened demand driven by factors such as technological advancements, rising healthcare expenditures, and government policies. Notably, in 2021, the US Medicare spending surged by 8.4% to reach US$900 Bn, while Medicaid saw a 9.2% increase, reaching US$734 Bn compared to the previous year, as per the National Health Expenditure Data. Key players in North America include Bentec Medical, Spectrum Plastics Group, Hitachi Cable America, Inc., and NewAge Industries, Inc.
Increasing Demand for High-quality Healthcare Products to Elevate Prospects of Asia Pacific
The Asia Pacific region is poised to experience rapid growth, driven by increasing demand for high-quality healthcare products. This surge in demand has prompted medical equipment manufacturers to prioritize the development of innovative solutions to cater to a broad spectrum of consumers. Additionally, the rising preference for minimally invasive surgeries and the growing geriatric population are key factors that will contribute to the increased demand for healthcare services in the region.
Prominent organizations, including Asahi Tec Corp., MDC Industries, and Nordson Corp, are at the vanguard of this sector, providing inventive solutions by capitalizing on their technological prowess and vast experience in the Medical Tubing industry. Organizations operating within this sector prioritize technological advancements, strategic alliances, and safety standards to meet the requirements of medical device manufacturers and healthcare facilities.
Companies in this industry focus on product innovation, quality, and regulatory compliance to gain a competitive edge. Due to the anticipated growth in demand for these products, manufacturers have a lot of opportunities in the global medical tubing market. To thrive in this market, however, businesses need to be ready to handle a challenging regulatory landscape while upholding the highest standards of quality and safety.
To distinguish themselves in this highly competitive market, these businesses strive to differentiate their products. They achieve this by providing distinctive attributes, enhanced precision, and more extensive medical tubing solutions.
New Product Launch
In February 2022, Imperative Care Inc. introduced the Zoom POD Aspiration Tubing, the company's latest advancement in enhancing stroke care. This includes the Zoom 88 Large Distal Platform for neurovascular access, four Zoom Aspiration Catheters in different sizes, and the Zoom Pump with associated accessories. The Zoom POD is seamlessly integrated into the aspiration tubing, reducing the distance from aspiration to filtration while preserving full aspiration power.
Market Impact: The seamless integration of Zoom POD into the aspiration tubing not only streamlines the process but also reduces the distance from aspiration to filtration, maintaining optimal aspiration power. This technological advancement is likely to attract interest from healthcare providers and professionals, contributing to increased demand for medical tubing in the market.
(Source: Endovascular Today)
Freudenberg Medical, a prominent manufacturer of healthcare and pharmaceutical devices, components, and tubing, unveiled HelixFlex in May 2022. HelixFlex is an exceptionally pure thermoplastic elastomer (TPE) tubing designed for applications in the medical and biopharmaceutical sectors
Market Impact: This innovative tubing product is likely to drive growth in the Medical Tubing Market by meeting the demand for advanced materials that adhere to strict standards in terms of purity and performance. Healthcare professionals and organizations seeking reliable and specialized tubing for medical and biopharmaceutical applications may be drawn to HelixFlex, contributing to increased market demand.
(Source: Biospectrum India)
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Attribute |
Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
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The market is anticipated to grow at a CAGR of 8.0% during the projected period.
The medical tubing market was valued at US$10.8 Bn in 2023.
The US held the largest market share in 2023.
Some of the prominent players in the market include Asahi Tec Corp., MDC Industries, Nordson Corp., ZARYS International Group, and Hitachi Cable America Inc.
The bulk disposable tubing segment is expected to grow at the fastest CAGR during the forecast period.
