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 Emergen Research. Widespread use of medical grade tubes as well as significant investments by prominent market participants in medical tubing is driving market revenue growth.

The Global Medical Grade Tubing market drivers and restraints Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Medical Grade Tubing market drivers and restraints space

Medical grade tubing is being used in the healthcare industry as a potential feature to drain fluids after an operation and to supply nutrients to the body. As a result, demand for medical grade tubing is rapidly growing. Factors such as availability of wide range of products, odorless and tasteless properties, and broad range of applications, such as gastrointestinal cancer treatment, short bowel syndrome, microscopic colitis, and others, are currently driving revenue growth in global medical grade tubing market.

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Competitive Landscape:

The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Medical Grade Tubing market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.  

The major companies Covered in the report are: 

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, Saint-Gobain S.A.

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This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Medical Grade Tubing business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.

Segments Covered in this report are:

• Material Outlook (Revenue, USD Billion; 2018–2030)
  • Polyvinyl Chloride
  • Polyolefin
  • Thermoplastic Elastomer and Thermoplastic Polyurethane
  • Silicone
  • Others

• Application Outlook (Revenue, USD Billion; 2018–2030)
  • Bulk Disposable Tubing
  • Catheters & Cannulas
  • Drug Delivery Systems
  • Special Applications

• Structure Outlook (Revenue, USD Billion; 2018–2030)
  • Single-Lumen
  • Co-Extruded
  • Multi-Lumen
  • Tapered tubing
  • Braided tubing

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Some Key Highlights From the Report

• In February 2020, Teleflex Medical OEM announced acquisition of IWG High-Performance Conductors (HPC), a manufacturer of medical tubing and wire components. The acquisition is expected to strengthen Teleflex Medical OEM\'s position in the field of custom-engineered medical devices, as well as provide clients with technologies used in electrophysiology, drug-and stent-delivery, and neurovascular interventions. It also broadens and diversifies Teleflex Medical OEM\'s in-house capabilities portfolio.
• Catheters & cannulas segment accounted for a significantly large revenue share in 2020. Healthcare industry acknowledge the benefits earned by the use of catheters and cannulas, such as administration of fluids and medications, removal of fluids or urine from the body, and the provision of oxygen. This has resulted in high preference for catheters and cannulas among end-users.
• Silicone segment accounted for a significantly large revenue share in 2020. Temperature, chemicals, Ultraviolet (UV) radiation, and x-rays are all resistant to silicone tubes. They also have high resistance toward adhering to body tissue and do not support microbial growth which is driving its demand.
• Co-extruded segment accounted for a significantly large revenue share in 2020. These products are commonly used in packaging of medical devices. They are also used in drug delivery applications such as insulin administration, angiography, and pain management. Catheters and dual-layer tubing are also made from co-extruded tubing. Furthermore, these products are preferred due to their adaptability, versatility, and low cost.
• Market in Asia Pacific registered fastest revenue growth rate during the forecast period owing to rising demand for minimally invasive medical procedures in healthcare sector in this region. Increase in healthcare accessibility is also contributing to market revenue growth.

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Key Parameters Analyzed in This Section:

• Company Profiles
• Gross Revenue
• Profit margins
• Product sales trends
• Product pricing
• Industry Analysis
• Sales & distribution channels

Regional Segmentation:

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

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