Dublin, Aug. 26, 2021 (GLOBE NEWSWIRE) -- The "Medical Tubing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Medical Tubing Market to Reach $11.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Medical Tubing estimated at US$7.1 Billion in the year 2020, is projected to reach a revised size of US$11.9 Billion by 2027, growing at a CAGR of 7.6% over the analysis period 2020-2027.
Silicone, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$5.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PVC segment is readjusted to a revised 7.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 7.1% CAGR
The Medical Tubing market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.
Polyolefin Segment to Record 6.8% CAGR
In the global Polyolefin segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic & Looming Global Recession
Medical Tubing: An Introduction
Parameters Impacting Performance Characteristics of Medical Tubing
Types of Materials for Medical Tubing
Global Market Prospects & Outlook
Silicone: The Largest Segment
Drug Delivery System Application to Record High Growth
Asia-Pacific to Spearhead Future Growth
2. FOCUS ON SELECT PLAYERS (Total 46 Featured)
A.P. Extrusion Inc.
AP Technologies Group Pte Ltd.
B. Braun Melsungen AG
Cook Medical, Inc.
Fbk Medical Tubing, Inc.
Freudenberg Group (Freudenberg SE)
MDC Industries Ltd.
NuSil Technology LLC
Putnam Plastics Company, LLC.
Saint-Gobain Performance Plastics Corporation
TE Connectivity Ltd.
The Lubrizol Corporation
Zeus Industrial Products, Inc.
3. MARKET TRENDS & DRIVERS
Growth of Minimally Invasive Medical Procedures Boosts Demand for Medical Tubing
Aging Population & Rise in Chronic Diseases Fuels Need for Medical Procedures, Driving Market Growth
Rising Need to Prevent Spread of Hospital-Acquired Infections (HAIs) Drives Demand for Single-Use Tubing
Microextrusion Medical Tubing Presents Opportunities for New Procedures
Cooling Tanks Enhance Precision of Medical Tubing
Silicone Tubing: A Promising Component for Medical Devices
Polyurethane Emerges as a Versatile Material for Medical Tubing
PTFE Tubing Becomes a Preferred Choice for Medical Device Companies
Stainless Steel Medical Tubing: Growing Importance in Minimally Invasive Procedures
Surging Investments in Healthcare Industry to Fuel Market Growth
Technology Innovations Boost Market Growth
Compliance with Strict Regulations & Standards: A Major Growth Impediment
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/odn0hj
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