Medical Tubing Market is Ready for Speedy Growth To 2027

1. Global Medical Tubing Market

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3. Global Medical Tubing Market The global medical tubing market is expected to witness a 10.2% CAGR during 2021-2027. In the medical and pharmaceutical industries, medical tubing is designed for a wide range of applications. They are commonly used in healthcare settings for the administration of fluids and devices, as well as the transfer of gas. IVs and ventilators are two common applications for medical tubing. As a result of the increasing use of medical tubing in catheters, the medical tubing market has seen an increase in sales proceeds. The rise in cardiac catheterization, particularly in interventional cardiology, is a key trend driving sales in the medical tubing market. The rising prevalence of congenital heart defects is a key trend that is boosting market prospects.

4. Global Medical Tubing Market The COVID-19 outbreak has seen an increase in the usage of medical devices. The need for respiratory tubes, drug delivery tubes, IV tubes, etc. has increased, resulting in the growth of the medical tubing market. Based on material, the global medical tubing market is segmented into plastics, rubbers, and specialty polymers. Specialty polymers are anticipated to be the fastest-growing segment as it is the bioabsorbable polymer and are increasingly replacing commodity plastics due to their high performance. Moreover, the increasing demand for high-quality healthcare services by consumers is playing a significant role in increasing the prominence of these polymers.

5. Global Medical Tubing Market Europe is anticipated to be the significant growth during the forecast owing to the rising demand for minimally invasive and diagnostic equipment that use medical tubes will accelerate the growth of the market. The rising adoption of robotic surgeries and robotic-assisted surgeries will lead to less pain with endoscopic techniques led to growth in the medical tubing market in the region. Some of the major players in the global Medical Tubing market include Zeus Industrial Products, Inc., Saint-Gobain, Freudenberg Medical, Avient Corporation, RAUMEDIC AG, The Lubrizol Corporation, Elkem ASA, Nordson Corporation, Optinova, and Teknor Apex.

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