07-Oct-2021 | Zion Market Research
Major companies in the Medical Tubing Market are Nordson Corporation, Avient Corporation, Dow Silicones Corporation, W.L. Gore & Associates Inc., Saint-Gobain Performance Plastics, Freudenberg Medical LLC, Teknor Apex, Raumedic AG, Teleflex Inc., Optinova, Putnam Plastics and Zeus Industrial Products among others. These players are set to bolster the development of the global Medical Tubing Market.
According to analysts at Zion Market Research, the global medical tubing market accounted for USD 8,409 Million in 2020 and is expected to reach USD 16,578.7 Million by 2028, growing at a CAGR of 9.1% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Medical Tubing Market By Material (Polyvinyl Chloride, Polyolefin, Silicone and Thermoplastic Elastomer and Thermoplastic Polyurethane), By Structure (Single-lumen, Multi-lumen, Co-extruded, Balloon Tubing and Others), By Application (Catheters and Cannulae, Drug Delivery Systems, Bulk Disposable Tubing and Special Applications), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Changing Demographics to Enhance Growth
Increased population of aging citizens enhances the use of Medical Tubing. Growing awareness among people related to advancements in medical facilities and government schemes that provide subsidized health care facilities are also factors responsible for the growth of Medical Tubing market. Rising demand for medical devices that has Medical Tubing as a part of the equipment is also fostering the demand for the market.
Well Established and Advanced Healthcare System to Assist North America Growth
North America is dominating the global Medical Tubing market. This dominance can be attributed to various factors such as innovations in the field of healthcare and devices, well-established and advanced healthcare systems, in the region.
Subsequently, Asia-Pacific region is projected to grow rapidly in coming period due to government initiatives and improved standard of living. India, Japan, and China are some of the regions responsible for the rise in the growth of the global market.
Furthermore, Europe holds a major share of the market due to the establishment of large number of medical facilities.
Browse the full “Medical Tubing Market By Material (Polyvinyl Chloride, Polyolefin, Silicone and Thermoplastic Elastomer and Thermoplastic Polyurethane), By Structure (Single-lumen, Multi-lumen, Co-extruded, Balloon Tubing and Others), By Application (Catheters and Cannulae, Drug Delivery Systems, Bulk Disposable Tubing and Special Applications) and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/the-medical-tubing-market
The global medical tubing market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651