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Global Medical Tubing Market Grows Steadily with CAGR of 8.85%

Author: QYResearch  |   Published Date: 2021-11-11   |   Views: 38



Medical tubing is tubing that meets medical industry requirements and standards for a variety of medical or pharmaceutical related applications. Medical tubing is used for fluid management and drainage as well as with anaesthesiology and respiratory equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment.

 

In 2020, the global Medical Tubing market size was US$ 6903 million and is forecast to be 12342 million USD in 2027, growing at a CAGR of 8.85% during the forecast period. COVID-19 have a great impact on the market in 2020, but after 2021, the market has recovered. The increase in aging population is a key driver for the medical tubing market, as the major demand for feeding tubes, fluid management, drainage tubes, and ventilator tubes are driven by the aged population.

 

Global Medical Tubing Market Key Drivers:

Rising access to healthcare supplies worldwide, easy availability of cost-competitive medical-grade plastics, and increasing demand for medical devices that integrate tubing are the major factors driving the market.

Increasing consciousness about Hospital-Acquired Infections (HAIs) along with increasing concerns about the spread of these infections are anticipated to boost the demand for disposable medical devices, promoting medical tubing industry.

Rising strategic alliances within the medical equipment industry across the globe are expected to drive the market.

 

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