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Medical Tubing Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A10811 | Pages: NA | Jun 2021 | 38 Views | | |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
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Medical tubes are polymer based tubes that are used in different treatment processes such as drug delivery system, peristaltic, feeding tubes, and others. These tubes come in various shapes and sizes and are manufactured by an extrusion process. They have excellent thermal and chemical stability along with mechanical strength. Medical tubes are also used in critical applications including cardiovascular catheters, urological retrieval devices, and others. There are several standard certifications and specified manufacturing processes that are followed during manufacturing of these tubes, since these tubes are directly implanted in the human body.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Material, Structure, Application and Region |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Vention Medical Inc., Lubrizol Corporation, Polyone Corp., W.L. Gore & Associates, Inc., Saint-Gobain Performance Plastics, Bluestar Silicones International, Freudenberg Medical LLC, Tecknor Apex Co, Vention Medical Inc. and Lubrizol Corporation. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has drastically boosted the growth of the global medical tubing market.
- Since the novel corona virus primarily affects the respiratory system, there is a huge demand for equipment to support the respiration of patients that includes ventilators, oxygen masks, and more. Medical tube is key constituent part of the equipment. As a result the outbreak of the global pandemic has up surged the demand for medical tubing to a great extent.
- With the outbreak of the COVID-19 pandemic, there was an increase in the number of patients having respiratory disorders across the globe. Several new medical facilities were being set up in different nations as the existing health care facilities were not enough to treat all the patients. As a result, there was a huge demand for medical equipment and tubes in these facilities to provide treatment to the excess number of patients.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rapid growth in the medical sector around the world has played a major factor in the growth of the medical tubing market. The rise in number of chronic and life threatening diseases has drastically increased the usage of medical tubing in surgeries and other medical procedures. The increase in geriatric population across the globe also adds to the rise in requirements of medical treatments involving medical tubing. This is also a major factor leading to an increase in demand for medical tubes in the market. Moreover, the increase in awareness among the common people about the developments in the medical facilities and about various government schemes introduced to subsidies, the health care facilities are encouraging people, especially from the economically backwards class to make use of such facilities. This has also played a major role in the rise in demand for the healthcare sector and consequently resulted in the growth of the medical tubing market. However, the stringent regulations implemented on the production of medical tubing limit the market growth.
The North America and Europe markets hold a significant share of the medical tubing market because of the advanced and sophisticated medical infrastructure present in the developed nations including the U.S. The market in Asia-Pacific region is also expected to experience growth owing to the rapid development in the medical sector in the developing economies in the region.
Key segments covered:
Segments | Sub-segments |
Material |
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Structure |
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Application |
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Key benefits of the report:
- This study presents the analytical depiction of the global medical tubing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global medical tubing market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global medical tubing market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global medical tubing market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Medical Tubing Market research report:
- What are the leading market players active in the medical tubing market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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