The increase in demand for medical tubes in ventilators is the key factor driving the use of medical tubing

The increase in demand for medical tubes in ventilators is the key factor driving the use of medical tubing

Browse 28 market data Tables and 6 Figures spread through 63 Pages and in-depth TOC on “COVID-19 Impact on Medical Tubing Market”
COVID-19 Impact on Medical Tubing Market by Material (PVC, TPE & TPU, Polyolefin, and Silicone), Application (Drug Delivery, Bulk Disposable Tubing, Catheters & Cannulas, and Special Applications) and Country

The US medical tubing market size is projected to reach USD 2.9 billion by 2021, at a CAGR of 13.2%. The major factors driving the medical tubing industry include increasing demand from various applications such as drug delivery and growing usage in ventilators. The rising demand for medical devices that incorporate medical tubing and the growing demand for ventilators in this pandemic are propelling the growth of the medical tubing market globally. However, factors such as restricting counterfeit products and fighting time for supply chain and logistics could affect the market growth.

Download PDF Brochure:

The market has been segmented based on application as drug delivery, catheter & cannulas, bulk disposable tubing, and special application. The drug delivery segment dominates the market in 2020 and is expected to witness significant growth during the forecast period. The growth in this segment is attributed to the growing usage of medical tubes as a device or channel of delivery in drug delivery systems. The demand for drug delivery system is increasing due to the rising incidence of COVID-19 cases, globally. The market is also influenced by growing COVID-19 infection in people having existing medical conditions such as asthma and diabetics. There is considerable growth in the demand for drug delivery devices and equipment such as nasogastric tubes, nebulizers, spacer devices, and others. These factors are expected to drive the demand.

The US is projected to be the leading medical tubing market during the forecast period. The growth in the US can be attributed to the rising demand for medical tubing  applications  such as drug delivery, catheter & cannulas, bulk disposable tubing, and special application. The presence of a robust industrial base, favorable government policies, and large number of established players for medical tubing in the country are strengthening the medical tubing industry in the country.

Zeus Industrial Products (US), Saint Gobain Performance Plastics (France), Teleflex (US), Optinova (US), and Lubrizol Corporation (Vesta) (US), among others, are the key players operating in the medical tubing market.

In February 2020, Teleflex Medical OEM acquired HPC Medical Products to strengthen its medical tubing & wire components and catheters portfolio. With this acquisition, the company is able to meet the growing demand in this pandemic situation. Now, the company is able to supply more products to the impacted countries with immediate effect to meet the growing demand.

Lubrizol announced the continuous supply of flexible and biocompatible materials for vascular catheters, IV tube sets, and medical components used in ventilators, valves, and infusion pumps. In order to attain this, it has altered its production process to deliver more products which can serve the purpose during this COVID-19 pandemic. The company also ramped up the supply of ESTANE thermoplastic polyurethane (TPU) for a multitude of applications in this crucial time.

Request Sample Report:

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States