Medical Tubing Market

The global Medical Tubing Market is valued at USD 10.7 Billion in 2023 and is projected to reach a value of USD 22.1 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 9.20% between 2024 and 2032.

Key highlights of Medical Tubing Market

• The North American region contributed the most considerable market growth, with a revenue share of 32% in 2023,
• Asia Pacific is predicted to increase at the fastest rate in the anticipated years, with a maximum CAGR of more than 8.9%,
• In 2023, the Plastics category contributed significantly to the market expansion with over 28.7% of the overall revenue share,
• In 2023, the bulk disposable tubing category held a notable 33.8% market share in the worldwide Medical Tubing market,
• According to the CDC, the Medical Tubing market is greatly influenced by cardiovascular disease, as the statistics reveal. It is alarming to know that one person in the US passes away from heart disease every 33 seconds. Approximately 695,000 Americans died from heart disease in 2023, one in every five fatalities.

Medical Tubing Market: Regional Overview

With a revenue share of 32.1% in 2023, the Medical Tubing market in North America experienced substantial growth. This can be associated with a number of things, such as population aging, rising rates of chronic illnesses, and technology improvements. The Population Reference Bureau predicts a 47% increase in Americans aged 65 and older, reaching 82 million by 2050, which creates a higher demand for Medical Tubing, particularly for elderly healthcare needs. Additionally, companies like Cobalt Polymers have contributed to the market by introducing innovative versions of their tubing that offer improved rigidity, flexibility, hardness, column strength, and clarity. This makes the tubing a preferred choice for neurovascular, peripheral vascular, and implant delivery applications, where a strong polymer matrix is necessary. Overall, the combination of demographic changes and technological advancements highlights North America's significant role in driving the thriving Medical Tubing Market.

U.S. Medical Tubing Market Overview

The U.S. Medical Tubing Market is valued at USD 3.97 Billion in 2023 and is projected to reach a value of USD 7.80 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 7.8% between 2024 and 2032. There is a surge in requirements for augmenting the healthcare services due to the increasing healthcare costs in the U.S. The latest report from the National Health Expenditures in 2022 shows that healthcare spending in the U.S. has risen by 4.1% to reach a staggering $4.5 trillion, surpassing the 3.2% increase in 2021. In addition, the Medical Tubing industry adheres to strict regulations regarding quality and safety to prioritize patients' well-being. For instance, NewAge, as part of the government's Operation Warp Speed initiative, has expanded its production capabilities with a specific focus on manufacturing medical-grade disposable tubing. This tubing has become indispensable in meeting the growing drug and vaccine production demands.

The global Medical Tubing market can be categorized as Material, Application, Structure, and Region.

Medical Tubing Market: Material Overview

In 2023, the plastics segment led the market and accounted for a revenue share of 28.7%. Based on Material, the Medical Tubing market is divided into Plastics (Polyvinyl Chloride (PVC), Polyolefin (Polyethylene (PE), Polypropylene (PP)), Polyimide, Polytetrafluoroethylene (PTFE), Polyether Ether Ketone (PEEK), Polycarbonates (PC)), Rubbers (Thermoplastic Elastomer (TPE), Thermoplastic Polyurethane (TPU), Silicone, Polyurethane (PU), Ethylene Propylene Diene Monomer (EPDM), Latex), Specialty Polymers (Bioabsorbable Polymer, Ethylene Vinyl Acetate (EVA)), and Others.

Plastics like PVC, PE, and PU are becoming increasingly popular in the Medical Tubing Market due to their biocompatibility. These materials do not cause adverse reactions with bodily fluids or tissues, making them ideal for various medical applications, including catheters, IV lines, respiratory tubing, and peristaltic pump tubes. For instance, Zeus has introduced Absorv™ XSE oriented tubing, a customizable alternative to metallic products implanted in the body. This reflects a more significant industry trend towards advanced functionality and innovation in the Medical Tubing Market.

Medical Tubing Market: Application Overview

The bulk disposable tubing segment accounted for the most significant revenue share of 33.8% in 2023. By Application, the Medical Tubing market is classified into bulk disposable tubing (Dialysis Tubing, Intravenous Tubing), Drug delivery systems (Nasogastric, Nebulizers), Catheters and Cannulas (Catheters, Cannulas), and Others.

The surge in requirement for bulk disposable tubing in the Medical Tubing Market is directly associated with the enhancement in medical practices and technologies. The development of minimally invasive procedures and diagnostic techniques has greatly increased the need for tubing. In 2022 alone, the American Society of Plastic Surgeons reported an astonishing 26.2 million surgical and minimally invasive procedures in the United States. In surgical procedures, disposable tubing is crucial for delivering fluids, gases, and medications and draining fluids from the surgical site. These significant advancements in medical practices highlight the essential role of bulk disposable tubing, showcasing its growing usage and positioning it as a key factor in meeting the changing demands of the dynamic Medical Tubing Market.

Medical Tubing Market: Structure Overview

The single-lumen segment accounted for the significant growth of the market, owing to the growing number of people with chronic diseases and the aging population. Based on Structure, the Medical Tubing market is classified into Single-lumen, Co-extruded, Multi-lumen, Tapered or Bump Tubing, and Braided Tubing.

Heart disease and respiratory problems affect a large number of people worldwide and need for ongoing, lifelong care and observation. As per the July 2022 update of the Kidney Disease Statistics for the United States, almost 1 in 7 adults in the country are anticipated to have chronic kidney disease (CKD), with an approximate number of 37 million Americans suffering from kidney disease. Single-lumen tubing is widely used in medical devices such as infusion pumps, feeding tubes, respiratory devices, and dialysis machines. It is crucial in delivering medication, nutrition, oxygen, and removing waste products. The increased demand for single-lumen tubing is directly associated with the rising prevalence of chronic diseases, highlighting its vital role in supporting patient care and therapeutic interventions.

Key Trends

1. There is a growing demand for specialty tubing materials that offer enhanced properties such as biocompatibility, flexibility, and resistance to kinking and collapsing. For example, silicone tubing is frequently employed for medical purposes because of its excellent biocompatibility and flexibility.
2. The Medical Tubing industry is evolving with new manufacturing technologies like extrusion and molding, allowing for the creation of intricate and personalized tubing designs that meet specific medical needs. With FDA approval, Shockwave Medical, Inc. unveiled the Shockwave M5+ peripheral IVL catheter, intended to shorten treatment duration and increase treatment alternatives for patients with more pronounced blood vessels.
3. The growing popularity of minimally invasive surgeries, with 26.2 million procedures in the U.S. in 2022, is fuelling the need for Medical Tubing as they necessitate smaller and more flexible tubes for accessing internal organs and administering medication, resulting in the emergence of specialized tubing products.
4. There is a greater focus on preventing infections in healthcare settings due to the rising number of hospital infections. As per the CDC, about 1 in every 31 hospitalized patients in the U.S. gets a HAI, resulting in approximately 633,300 patients being infected each year. To address this issue, new tube materials that limit bacterial growth and reduce the risk of infection have been established.
5. There is a surge in demand for Medical Tubing outside the hospital because of rising home healthcare preferences and a surge in the global aging population. This has created opportunities for the Medical Tubing market, as tubing is an essential component of various home healthcare devices.

Premium Insights

According to NHE (National Health Expenditure Data), in 2021, spending on Medicare and Medicaid in the U.S. increased by 8.4% (USD 900 billion) and 9.2% (USD 734 billion), respectively, compared to the previous year, indicating a greater focus on healthcare expenses. Additionally, significant innovations in the industry, such as Zeus Industrial Products' PTFE Sub-Lite-Wall multi-lumen tubing, have been designed explicitly for steerable catheters. Similarly, Imperative Care Inc. introduced the Zoom POD Aspiration Tubing, a ground-breaking development in stroke care that combines a sizeable distal platform and multiple catheters to improve neurovascular access. These advancements highlight a dynamic market with a combination of financial investments and cutting-edge product introductions that are shaping the future of the Medical Tubing industry.

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Market Dynamics

Collaborative Ventures Transforming the Medical Tubing Market

The Medical Tubing market proliferates because of increased collaboration within the medical device industry. Companies are working together to improve their capabilities and meet the growing demand for Medical Tubing. For instance, DuPont has opened a new manufacturing facility in South Carolina to produce biopharmaceutical tubing and meet customer needs. Similarly, TekniPlex Healthcare has made investments in new extrusion lines in Costa Rica to increase its infrastructure for storage and manufacturing. BioCardia, Inc. has partnered with a Japanese biotechnology company to obtain a license for their catheter biotherapeutic delivery products. These collaborative efforts indicate a shift in the Medical Tubing market towards innovation and addressing industry demands through shared expertise and resources.

Advancements and Customization Reshaping the Medical Tubing Landscape

The Medical Tubing market is growing rapidly due to advancements in drug delivery systems, leading to a demand for customizable medical tubes. Manufacturers of catheters are calling for innovations that reduce the thickness of catheter liners to less than 0.00075 inches, which improves functionality and trackability. Junkosha USA Inc. has made a breakthrough in ultra-small peelable heat shrink tubing, revolutionizing laminated jacket coating for tiny guide wires used in complex brain procedures. With its improved rigidity and flexibility, Cobalt Polymers' 74D Pebax heat shrink tubing is perfect for applications involving neurovascular and implant delivery. Additionally, New England Tubing Technologies has developed "tubing," which efficiently embeds wires into tube walls to meet the needs of devices that require electrical capabilities and fluid or airflow. These innovations highlight the transformative impact of customized solutions on the future of Medical Tubing.

Competitive Landscape

Major players in the Medical Tubing market have made significant advancements by introducing innovative products. Nordson Medical launched Pharma+ tubing retainers aimed at revolutionizing fluid transfer excellence. Specifically designed for the biopharmaceutical and high-pressure medical sectors, these retainers offer a comprehensive solution to address critical challenges and ensure leak-free fluid transfer. Similarly, Zeus expanded its bioabsorbable product family by introducing Absorv XSE-oriented tubing. This tubing offers versatility in resins and size ranges, providing an alternative to permanently implanted metallic products. These product introductions highlight a competitive environment in the Medical Tubing sector that is defined by ongoing product innovation and a concentration on resolving particular issues.

The key players in the global Medical Tubing market include - Elkem ASA (Norway), Zeus Company Inc. (U.S.), Teknor Apex (U.S.), Asahi Tec Corp. (Japan), MDC Industries (Israel), Nordson Corp. (U.S.), ZARYS International Group (U.S.), Hitachi Cable America Inc. (U.S.), NewAge Industries Inc. (U.S.), TE Connectivity (Switzerland), Freudenberg & Co. KG (Germany), DuPont (U.S.), Saint-Gobain (France), ATAG SPA (Italy) among others.

Recent Development

• In November 2023, Nordson Medical introduced a new product called Pharma+ tubing retainers that aims to revolutionize fluid transfer applications. These tubing retainers have been carefully designed to overcome the difficulties faced by professionals in the biopharmaceutical and high-pressure medical industries. They offer a complete solution for transferring fluids without any leaks, showcasing Nordson Medical's commitment to excellence.
• In September 2023, Zeus Company Inc. created a new type of tubing called Absorv™ XSE that is part of their range of bioabsorbable products. This tubing, available in different materials and sizes, allows for a lot of flexibility in design and provides an alternative to metallic products that are typically placed permanently inside the human body.
• In June 2023, Tekni-Plex Inc. is investing around $8.5 million to increase the production capacity at its healthcare plant in Cartago, Costa Rica. They will be installing six additional Medical Tubing extrusion lines along with related equipment. This expansion allows TekniPlex Healthcare to enhance its ability to operate consistently and efficiently by expanding its existing Medical Tubing manufacturing facilities in the United States, Mexico, Europe, and China.
• In February 2023, Freudenberg Medical, a worldwide company that designs and manufactures medical devices and pharmaceutical products, has expanded its cleanroom manufacturing facility in Beverly, Massachusetts. The company now offers custom silicone extrusion and tube processing services, with a specific emphasis on using platinum-catalyzed addition-cured silicones. This focus ensures that the materials used meet the most stringent quality standards for medical and pharmaceutical applications.