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Surgical Tubing Market

Surgical Tubing Market

Size, Share, Competitive Landscape and Trend Analysis Report by Modality (Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Nuclear Medicine), by Assay Type (Cardiovascular Imaging, Ventilation Imaging, Brain Imaging) and by End User (Hospitals, Diagnostic Laboratories, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A12674
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Surgical tubing refers to medical tubes made of silicon or latex which are available in a variety of sizes and thicknesses to   meet the needs of various surgical processes. These tubes are used in clean rooms and sterile conditions; thus, they are disinfected with  gamma radiation, chemical treatment, or dry heat. Surgical tubes are usually clear, tan, or amber for visual assessment.

COVID-19 Impact Analysis

COVID-19 is an infectious disease that first emerged in late December in the Hubei province of the Wuhan city in China. The virus that causes severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) is highly infectious and  is transmitted person to person., ., The disease has spread to almost 213 countries around the globe ever since its outbreak in December 2019,  compelling the World Health Organization to declare  it a pandemic on March 11, 2020.

Furthermore,  the demand of medical supplies for the infected population  has increased.  In primary clinical treatment, respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the widely used medical devices. COVID-19 has also resulted in significant increase in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from the healthcare professionals and the civil population for precautionary measures, owing to the rise in number of COVID-19 cases globally. Manufacturers of these products have an opportunity to profit from this increased demand for medical supplies to ensure appropriate and consistent supply of personal protective equipment in the market., COVID 19 is thus expected to have a significant impact on the surgical tubing market.

Top Impacting Factors

Increase in the geriatric population drives the growth of the surgical tubing market. According to a recent study,  one in every six people in the world would be 65 or older by the year 2050. The situation is more pronounced in Europe and North America where one in every four person will be affected. Already in the year 2018,  the population of this age group has surpassed that of children  aged 5 and under. This increase in geriatric population needs healthcare facilities, which enhances the global  surgical tubing market driving it to a higher trajectory.

Geriatric population and rise in prevalence of chronic diseases drive the growth of the surgical tubing market. , The Governments, particularly in developing economies are investing in medical infrastructure and insurance to enable people afford healthcare when needed, to counter the dual issue of geriatric population and high incidence of chronic diseases. Furthermore, when these economies improve, they will generate income that improves the standard of living for millions of people. More people are willing to spend the money, and thus the global surgical tubing market is expected to experience growth.

Key Market Trends

The key drivers  of the surgical tubing market include an increase  in neurological disorders and cardiovascular diseases as a result of changing lifestyle, unhealthy eating habits, and other factors. According to statics issued by the American Heart Association Statistics Committee and the Stroke Statistics Subcommittee, approximately 795,000 people suffer from a heart attack each year. These numbers were released in 2017. Hence,  government-funded programs, healthcare centers, and other bodies must take initiatives to increase awareness amongst people regarding the technological developments that will improve the  treatment of  the disease.

Terumo partnered with CytoSorbents Corporation (US), a manufacturer of the CytoSorb extracorporeal blood purification adsorber in September 2016. Under this partnership, Terumo commercialized the CytoSorb extracorporeal blood purification adsorber for cardiac surgery applications in France, Sweden, Denmark, Norway, Finland, and Iceland.

Key Benefits of the Report

  • This study presents the analytical depiction of the surgical tubing market 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 a detailed analysis of the surgical tubing market share.
  • The current market is quantitatively analyzed to highlight the growth scenario of the surgical tubing market.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis depending on competitive intensity and the competition that will take shape in the upcoming years.

Questions Answered in the Adenovirus Diagnostic Testing Report

  • Which are the leading players active in the surgical tubing market?
  • How is each segment of the market expected to grow during the forecast period?
  • What are the adoption trends for the surgical tubing market in emerging economies and established economies across the world?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the future projections would help in taking further strategic steps?
  • What are the impacts of COVID-19 in the industry?
  • What is surgical tubing?
  • What is the prediction of the surgical tubing market n in the future?
  • What are the current and predicted trends?

Surgical Tubing Market Report Highlights

Aspects Details
By Modality
  • Magnetic Resonance Imaging (MRI)
  • Computed Tomography (CT)
  • Nuclear Medicine
By Assay Type
  • Cardiovascular Imaging
  • Ventilation Imaging
  • Brain Imaging
By End User
  • Hospitals
  • Diagnostic Laboratories
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players GENERAL ELECTRIC COMPANY, InHealth Group, Siemens Healthineers AG, Spectrum Health, RadNet, Inc., Koninklijke Philips N.V., Sonic Healthcare, Hologic Inc., RamSoft, Inc., Alliance HealthCare Services

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