Medical tubing is tubing which is made by PVC, polyolefin, TPE and TPU and other products. It has a wide application in the medical industry and many other pharmaceutical requirements. It possesses many characteristics such as hardness, flexibility, durability and abrasion resistance. It is available in different size and cut length from 50ft to 5000ft. It is important to have a standard certificate for the production of medical tubing as it is used in the human body.
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The main factors boosting the Medical Tubing Market are:
- Increase in aging population: One of the important factors that will increase the demand of the medical tubing is the rising geriatric population. In the adulthood, many diseases impact the human body by reducing the energy capability of the body. Muscles and bones get weaker with the growing age that enables the person to use medical tubing thereby improving the health.
- Significant investment and time required for product development, high quality of fuels and lubes in developed nations: Chemicals and materials industry is one of the major application areas for medical tubing with the usage of this product as specialty material by the physicians for the treatment of their patient.. The rising investment increases the research and development of the products being demanded for getting better results in the health of the patient. The provision of high quality fuels and lubes helps in the growth of the market.
The market is segmented on the basis of material as pvc, polyolefin, tpe & tpu, and silicone; structure as braided tubing, single-lumen, multi-lumen tubing co-extruded tubing, and tapered tubing; application as bulk disposable tubing, catheters & cannulas, drug delivery systems, and special applications.
Some of the Medical Tubing Market developments are as follows:
- In September 2019, Viant acquired Meraqi Medical to expand its clinical market expertise and portfolio. It helps to increase the front end design and development of the interventional technologies and bioelectronics with minimally invasive surgical devices. It improves the quality of the product offered to consumer by expanding their products in the market. It offers their customer a world access with global manufacturing facilities.
- In August 2019, CANADIAN GENERAL TOWER acquired AlkorDraka Group and Alkor Medical Tubing which brings new potential for the production of medial tubing for medical industry. By innovation and technology, they will provide the high quality medical tubing. It will increase the product portfolio and reach in the European market.
According to Data Bridge Market Research, Global Medical Tubing Additives Market is expected to reach USD 13.6 billion by 2025, growing at a healthy CAGR of 11.4% during the forecast period of 2019 to 2025
Some of the major players operating in the market are Saint-Gobain Performance Plastics., Teleflex Incorporated., optinova, The Lubrizol Corporation, Nordson Corporation, Putnam Plastics, RAUMEDIC AG, Tekni-Plex., W. L. Gore & Associates, Inc., Zeus Industrial Products, Inc., LVD Company nv, D&B Industrial Group., Freudenberg & Co. KG, Gray Line Corporation, Inc, AP Technology. MDC INDUSTRIES among others.
With the rising adoption of medical tubing, many of the manufacturers wanted solutions from the physicians that can enhance the appeal of their product while improving the life of the patient. This demand is being met with the undergoing various innovations that can increase the quality of the product they are offering to their consumers.
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