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The medical tubing market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The Medical Tubing Market Report 2022 – https://www.thebusinessresearchcompany.com/report/medical-tubing-global-market-report

The Medical Tubing Market Size In 2022 And Forecast

The global medical tubing market is expected to grow from $9.61 billion in 2021 to $10.64 billion in 2022 at a compound annual growth rate (CAGR) of 10.70%. The global medical tubing market size is expected to grow to $14.94 billion in 2026 at a compound annual growth rate (CAGR) of 8.84%.

The medical tubing market consists of sales of medical tubing solutions by entities (organizations, sole traders, and partnerships) that refer to a small, intricate, customized tube used to transfer fluids to and from the body as well as to administer devices.

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Rise In Cases Of Respiratory Diseases Is Driving The Growth Of The Medical Tubing Market

For instance, according to the study published by the Centers for Disease Prevention and Control, the percentage of COPD, emphysema, or chronic bronchitis among adults aged above 18 years in the USA increased from 4.6% in 2019 to 5.0% in 2020. Thus, the rising cases of respiratory diseases will propel the growth of the medical tubing market.

Competitive Landscape And The Regional Analysis Of The Medical Tubing Market

Major players in the medical tubing market are Saint-Gobain, Freudenberg Medical LLC, WL Gore and Associates Inc., Avient Corporation, Raumedic AG, Lubrizol Corporation, Elkem ASA, Dow Corning Corporation, Nordson Corporation, Teknor Apex, Optinova, Microlumen, Fine Tubes Ltd, Davis Standard, and B Braun.

Additionally, as per TBRC’s research – North America was the largest region in the medical tubing market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Medical Tubing Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical tubing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical tubing market.

Product Innovation – A Key Trend In The Medical Tubing Market

Key players are focusing on launching new innovative medical tubes with innovative features to improve the outcome of usage. The companies are utilizing advanced manufacturing processes and the latest technologies to launch innovative medical tubes that are unique and designed to be effective and efficient. The braided medical tube is one of the most distinctive innovations now in use. The peculiarity of the braided tube’s design ensures and expands the capabilities of catheters and medical tubing. A braided tube is an excellent approach for improving the flexibility and strength of existing medical equipment. Braided tubing is utilized in various medical operations, including cardiovascular and neurovascular surgery and endoscopic treatments involving the gastrointestinal and digestive system.

Medical Tubing Market Segmentation By The Business Research Company

1) By Product: Silicone, Polyolefins, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Others

2) By Application: Bulk Disposable Tubing, Drug Delivery Systems, Catheters, Biopharmaceutical Laboratory Equipment, Others

3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Labs, Others

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