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 – Forecast to 2021

2020-04-30
Price :
Published : Apr-2020
No. of Pages : 63

 “Increasing demand from drug delivery and catheters and cannulas to drive the overall growth of the medical tubing market”

The US medical tubing market size is expected to grow from USD 2.6 billion in 2020 to USD 2.9 billion by 2021, at a CAGR of 13.2% during the forecast period. The medical tubing  industry is driven by various factors, such as increasing consumption of medical tubing in various applications such as bulk disposable tubing, catheters & cannulas, drug delivery, and special application. Furthermore, the shift in consumer preference toward high-quality standard products in this pandemic situation is propelling the growth of the medical tubing market across the globe. However, factors such as restricting counterfeit products and fighting time from supply chain & logistics are likely to hinder the growth of the market.

Silicone segment to drive the global market during the forecast period

The medical tubing market has been segmented based on material as silicone, TPU & TPE, PVC, polyolefin, and others. Among these materials, silicone accounted for the largest share of the market during the forecast period. The market growth in this segment is attributed to its unique properties such as resistance to high temperature, water resistance, mechanical strength, and durability. These factors are expected to drive the demand during the forecast period.

Drug Delivery segment expected to account for largest market share during the forecast period

The drug delivery segment is proliferating owing to the increased usage in the diagnosis of numerous diseases such as diabetes, kidney failure, heart diseases, and others. Furthermore, 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. This is fueling the sales of medical tubing for drug delivery application.

US is expected to record the highest growth rate during the forecast period

The US is expected to have the highest growth rate during the forecast period due to the COVID-19 outbreak. The pandemic has caused disruption to the US economy, with 273,808 confirmed patients and 7,020 deaths as of 5th April 2020. Due to the sudden rise in the number of patients, the country is running short on medical supplies and life-supporting devices. The country requires drug delivery systems, IVs, and vaccines. This will boost the market for medical tubing in the region. Furthermore, majority of the leading manufacturers of medical tubing have their headquarters in the US, which in turn, will drive the market during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the medical tubing market.

  • By Company Type – Tier 1: 30%, Tier 2: 30%, and Tier 3: 40%
  • By Designation – C Level: 30%, Directors: 50%, Others: 20%
  • By Region – North America: 30%, Europe: 40%, APAC: 10%, Middle East & Africa: 10% and South America: 10%

The medical tubing market comprises major solution providers, such as Zeus Industrial Products (US), Saint Gobain Performance Plastics (France), Teleflex (US), Optinova (US), and Lubrizol Corporation (Vesta) (US), among others. The study includes an in-depth competitive analysis of these key players in the medical tubing market, with their company profiles and key market strategies.

Research Coverage:

The report covers the medical tubing market based on application, material, and country. This study aims at estimating the size and future growth potential of the market across various market segments. It also includes an in-depth analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall medical tubing market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Advanced Material
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Aerospace Composites Market by Fiber Type (Carbon, Ceramic, Glass), Matrix Type, Application, Manufacturing Process, Aircraft Type (Commercial Aircraft, Business & General Aviation, Civil Helicopter, Military Aircraft), and Region – Global Forecast to 2025

“The aerospace composites market is projected to register a CAGR of 11.7% during the forecast period.” The global aerospace composites market size is projected to grow from USD 23.8 billion in 2020 to USD 41.4 billion by 2025, at a CAGR of 11.7% during the same period. The aerospace composites offer exceptional properties, such as low weight, stiffness, strength, tenacity, density, thermal & electrical conductivity, fatigue, and corrosion resistance. Owing to these outstanding properties, conventional materials, such as aluminum and steel, are less preferred in high-performance applications such as aircraft interiors and exteriors. However, the global pandemic disease COVID-19 has forced the aerospace component manufacturers to shut down their operations partially, which is expe......
$4950

Fluoroelastomers Market by Type (FKM, FVMQ, FFKM), Application (O-rings, seals & gaskets, Hoses), End-use (Automotive, Aerospace, Chemicals, Oil & Gas, Pharmaceutical & Food, Energy & Power) and Region – Global Forecast to 2025

“Stringent emission norms and increasing demand for fuel-efficient vehicles are projected to drive the fluoroelastomers market.” The global fluoroelastomers market size is projected to grow from USD 1.6 billion in 2020 to USD 1.8 billion by 2025, at a compound annual growth rate (CAGR) of 2.5% between 2020 and 2025. The global fluoroelastomers industry has witnessed growth primarily because of the strict emission regulations adopted by the automotive industry and the growing demand for more fuel-efficient vehicles. “O-rings application is projected to witness the highest CAGR during the forecast period.” The o-rings application of the fluoroelastomers market is projected to witness the highest growth during the forecast period.Fluoroelastomer-based O-rings are used in extr......
$4950

BOPP Films Market by Type (Wraps, Bags & Pouches, Tapes, Labels), Thickness (Below 15 Microns, 15-30 Microns, 30-45 Microns, More Tham 45 Microns), Production Process (Tenter, Tubular), Application, and Region – Global Forecast to 2025

“Growing demand from the food & beverage sector is projected to drive the over all growth of the BOPP films market across the globe from 2020 to 2025.” The global BOPP films market size is projected to grow from USD 24.26 billion in 2020 to USD 31.42 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.3%. The BOPP films market has been growing in tandem with the growth in the packaging industry. Food, beverages, and medical packaging are the largest end users of these films. With the growth in the packaging market in the developing nations, the demand for bi-axially oriented films has increased. It is the most preferred material for food & pharmaceutical products packaging owing to its non-toxic and cost-effectiveness. It also acts as a barrier to external agents w......
$5650

Foam Plastics Market by Type (PU, PS, PO, Phenolic), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region – Global Forecast to 2025

“Foam plastics market is projected to register a CAGR of 4.8% between 2020 and 2025.” Foam plastics are resins used in manufacturing polymer foams, which are used in various end-use industries such as building & construction, furniture & bedding, packaging, and automotive among others. The foam plastics market is projected to grow from USD 51.3 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. Growth of major end-use industries of foam plastics, high demand for foam plastics in APAC, and energy sustainability and energy conservation properties of foam plastics are the major factors driving the growth of the market. “Building & construction segment is projected to be the largest end use market of foam plastics.” The building &......
$5650

Core Materials Market by Type (Foam, Honeycomb, and Balsa), End-use Industry (Wind Energy, Aerospace & Defense, Marine, Automotive & Transportation, Construction, and Industrial), and Region – Global Forecast to 2025

“The core materials market is projected to register a CAGR of 13.5% during the forecast period.” The global core materials market size is projected to grow from USD 1.2 billion in 2020 to USD 2.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.5% between 2020 and 2025.Core materials are the key components in sandwich structure composites that provide thickness and high stiffness with low density. The composite skins surrounding the core material provide strength to the overall structure. Core materials are gaining wide acceptance in various end-use industries owing to their high strength and low weight, which is driving the demand for core materials in various end-use industries.However, amidst the global COVID-19 pandemic, the demand for core materials from the afore......
$4950

Long Steel Market by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail) End-Use Industry (Construction, Infrastructure, Others), and Region (NA, EUROPE, APAC, MEA, SA) – Global Forecast to 2025

“In terms of value, the long steel market is projected to grow at a CAGR of 3.9% between 2020 and 2025.” In terms of value, the long steel market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7 billion by 2025, at a CAGR of 3.9% from 2020 to 2025. Increasing construction and infrastructure activities, industrialization, and rising population levels are the major factors responsible for the growth of the long steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the long steel market. “The basic oxygen furnace segment is the projected to lead the long steel market during the forecast period.” Based on process, the long steel market has been classified into basic oxygen furnace and electric arc furnac......
$5650

COVID-19 Impact On Medical Plastics Market by Type (Engineering Plastics and Standard Plastics), Application (Medical Disposables, Prosthetics, Medical Instruments & Tools and Drug Delivery) and Region – Global Forecast to 2021

The global medical plastics market is projected to register a CAGR of 17.2%, in terms of value, between 2020 and 2021. This is approximately 10% higher than earlier pre-COVID growth projections, The global medical plastics market size during this COVID-19 pandemic is projected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021, at a CAGR of 17.2%. The major drivers for the medical plastics industry include the growing demand from OEMs and medical device/equipment manufacturers for the production of critical care systems such as ventilators, thermal scanners, and respirators. The medical disposables segment is estimated to be the largest application of medical plastics during the forecast period. The medical disposables segment accounts for the largest share in the m......
$4950

Long Fiber Thermoplastics Market by Resin (PP, PA, PEEK, PPA), Fiber (Glass, Carbon), Manufacturing Process (Injection Molding, Pultrusion, D-LFT), End-use Industry (Automotive, Electrical & Electronics), Region – Global Forecast to 2025

“The long fiber thermoplastics market is projected to register a CAGR of 10.5% during the forecast period.” The global long fiber thermoplastics market size is projected to grow from USD 2.8 billion in 2020 to USD 4.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% between 2020 and 2025.  In comparison to conventional materials such as aluminum steel, long fiber thermoplastics offer strength, tenacity, density, and thermal and electrical conductivity, fatigue, and corrosion resistance properties. Long fiber thermoplastics are preferred in high-performance applications in several end-use industries, driving the demand for long fiber thermoplastics in various end-use industries. “PA is the fastest-growing resin type of long fiber thermoplastics market in terms ......
$4950

Refrigeration Insulation Materials Market by Material Type (Elastomeric Foam, PU & PIR), Application (Commercial, Industrial), End-Use Industry (Food & Beverage, Chemicals & Pharmaceuticals, Oil & Gas and Petrochemicals) Region – Global Forecast to 2025

Increasing demand for refrigeration equipment and systems is expected to drive the global market. The refrigeration insulation materials market size is projected to reach USD 4.8 billion by 2025, at a CAGR of 6.0% between 2020 and 2025. Refrigeration insulation materials are very crucial for efficient cooling operations. The sales of commercial and industrial refrigerators have increased significantly in the last couple of years, as per the International Institute of Refrigeration. The need for insulation in cryogenic operations has also grown. These factors are greatly influencing the market for refrigeration insulation. One of the biggest restraints to this market is the full-scale adoption of the Kigali Agreement, which mandates the phasing out of HFCs and HCFCsas blowing agents as e......
$5650

Pet Food Packaging Market by Material Type (Paper & Paperboard, Plastic, Metal), Packaging Form (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry Food, Wet Food, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), Region – Global Forecast to 2025

“Increase in the demand for simple,convenient,  innovative, packaging products is projected to drive the overall growth of the pet food packaging market across the globe from 2020 to 2025.” The global pet food packaging market size is projected  to grow from USD 10.2 billion in 2020 to USD 12.5  billion by 2025, at a CAGR of 4.2 % from 2020 to 2025.Rising affection for pets leading to greater adoption of pets, high income level of pet owners, changing lifestyles, demand for simplicity and  convenience in packaging,  and growing pet humanization trend are the key factors contributing towards the increasing growth of the pet food packaging industry over the next few years. “In terms of both value and volume, pouches are projected to grow at the highest CAGR during the foreca......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy