Medical Grade Tubing Market
Medical grade tubing is commonly used for ventilators and IVs, but it is also used to support access devices and as a distribution mechanism for other equipment. Tubing can be used to drive catheters in cardiac catheterizations to test for heart disease and locate narrowing blood vessels, measure pressure and oxygen levels in various parts of the heart, check pump functions, biopsy, diagnose congenital heart defects, and identify heart valve issues.
Medical tubing is an important component of the pharmaceutical and medical sectors, and the medical tubing market has a lot of room for growth. Medical tubing is made up of plastic, rubber, or metal components. Medical tubing has massive utilization, and thus the medical grade tubing market value is on the rise.
Medical grade tubing produces disposable catheters, cannulas, and tubing, among other by-products. Drug delivery systems, peristaltic pumps, and blood draining are various purposes for which medical grade tubing is used. It’s available in a plastic variant that’s widely seen in medical and pharmaceutical equipment. Participants in the medical grade tubing market have been hard at work conducting extensive research and development. The R&D has resulted in the development of metal tubing made of silicone rubber, which is more flexible and efficient than traditional metal tubing.
The medical and pharmaceutical businesses are booming in both developed and emerging countries, owing to an increase in government and citizen purchases of medical and health services. As a result, the value of the medical grade tubing market is increasing. However, another element fueling this sector’s explosive growth is that as people age, they require more nursing and medical care, as well as people contributing to the fitness industry and becoming more health-conscious. Manufacturing costs are a significant barrier in the medical grade tubing market and this can be a significant restraint on market growth.
The global medical grade tubing market size is expected to reach USD 10.44 Billion at a steady revenue CAGR of 8.8% in 2030, according to the latest analysis by Emergent Research. Widespread use of medical-grade tubes as well as significant investments by prominent market participants in medical tubing is driving market revenue growth.
Medical tubing is used for a variety of purposes, including the ability for specialists to administer fluids and equipment, as well as gas flow. Medical tubing is commonly used for ventilators, but it is also used to support access devices and as a distribution mechanism for other equipment. Medical grade tubing is also used to drive catheters in cardiac catheterizations to test for heart disease and locate narrowing blood vessels, measure pressure and oxygen levels in various parts of the heart, check pump functions, for biopsy, diagnose congenital heart defects, and identify heart valve issues.
Major players in the market report include Teleflex Medical OEM, Contech Medical Inc., Bio-Chem Fluidics, Inc., Tekni-Plex, Inc., Freudenberg Medical, LLC, Polyzen, Inc., NewAge Industries, International Polymer Engineering, Inc., RAUMEDIC AG, and Saint-Gobain S.A.
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