The global medical grade tubing market is a rapidly emerging market in the medical equipment ecosystem. Medical grade tubing has various applications in the medical and biopharmaceutical industry. The applications include drug delivery, transfer of gases, administration of medications, and much more.
1. Biocompatible: To be placed into a patient's body, a device must be biocompatible to reduce the risk of complications. If a device is made from natural rubber latex, many people could have allergic reactions as several people are allergic to it. Therefore, silicone is an ideal alternative material for synthetic items.
2. Clear Material: Clear material helps medical professionals easily monitor fluid flow in tubes such as Intravenous Therapies (IVs) and blood drainage. Silicone tubing can be customized with different pigments and coatings as needed according to the customer’s specifications, as some patients may be sensitive to certain types of paint or fiber.
3. Odorless, Tasteless, and Chemically Inert: Medical grade rubber and silicone tubing will not interact with the materials it comes in contact with because of its chemical makeup. This is why these products are perfect for administering any type of medication, oxygen, or food.
4. Extreme Temperature Resistance: Silicone tubing is used in various medical equipment because it can withstand temperatures higher than 400 degrees Fahrenheit. The ability to tolerate such high heat levels enables silicone tubing manufacturers to experiment with thinner forms of the material and get more flexible options into circulation while still adhering to medical grade standards.
5. Compatibility with Multiple Sterilization Procedures: Frequent sterilizations are necessary to ensure patient safety in the medical industry. However, there is more than one kind of sterilization technique available, such as steam sterilization, dry heat, steam autoclaving, etc.
1. Brasion protection
2. Feeding tubes
3. Drug delivery
4. Gas supply tubing
5. Bulk disposable tubing (dialysis tubing and IV tubing)
6. Peristaltic pump tubing
7. Catheters
8. Smoke evacuation tubing
9. Arthroscopy
10. Laparoscopy
11. Endoscopy
The global medical grade tubing market was valued at $4,407.7 million in 2020 and is anticipated to reach $6,255.9 million by 2030. It is predicted to grow at a CAGR of 3.70% during the forecast period 2021-2030.
The market has seen strong demand for medical tubing products due to their increasing use in catheters and interventional cardiology procedures. Furthermore, the market offers customizable products to improve the health care industry's need for advanced and flexible tubing materials.
Other factors positively contributing to the market growth are increasing incidents of congenital heart disease, increasing interventional cardiology, and increasing cases of cardiac catheterization.
The factors driving the growth of medical grade tubing market include an ever-growing elderly population that correlates to a requirement for surgeries. The increased need for minimally invasive surgery and growing expenditure in the healthcare industry have also contributed their fair share toward the growth of this market. Other factors driving the growth of this market are people shifting from traditional muscle tissue techniques to synthetic silicone materials, which is expected to generate higher demand for medical tubing.
A disease known as atherosclerosis increases a person's risk of stroke, heart attack, and peripheral vascular disease (blockage in blood vessels). Minimally invasive catheterization is required to treat these diseases, thereby fueling the demand for medical tubing, which is expected to lead to rapid market growth over the next few years.
The demand for medical grade tubing is increasing at a rapid pace. Asia-Pacific generates the maximum revenue share and commands the highest market share in the global medical grade tubing industry. One of the most prominent factors that influence the growth of this market is its rising demand in emerging economies, including China, India, Brazil, and Mexico, etc.
The increasing demand for silicone materials is due to their high dielectric strength and semi permeability for various medical applications. These properties of silicone are expected to drive the demand for silicone material during the forecast period 2021-2030.
The global medical grade tubing market based on end-use has been segmented into medical, bio-pharmaceutical, clinical testing, and life sciences.
The medical segment comprises the largest share in the medical grade tubing market. There has been an increase in focus on minimally invasive procedures. Such procedures have been one of the strongest drivers for the growth of the medical grade tubing market.
The medical grade tubing market in the Asia-Pacific region is one of the most lucrative markets, with immense growth potential for key players in the global medical grade tubing market. The most significant factors driving the growth of this market are the large geriatric population base and an increasing incidence rate of non-invasive surgical procedures and minimally invasive surgical techniques.