Global Medical Tubing Demand is Anticipated to Reach $21 billion by 2030

A new report from Industry Experts Inc, on "Medical Tubing", reveals that the market for Medical Tubing is estimated at US$13.2 billion in 2024 and is expected to record a CAGR of 7.7% during the 2024-2030 analysis period and stand at a projected US$20.6 billion by 2030.

The global medical tubing market is significantly driven by the rising demand for minimally invasive medical procedures, which are preferred for their lower costs, faster recovery, and shorter hospital stays than conventional surgeries. The increasing incidence of chronic illnesses like arthritis, cancer, and cardiovascular diseases, which frequently require complex surgeries, has enhanced the demand for these treatments

Single-lumen tubing holds the largest market share at 32.9% in 2024 due to its versatility and wide use in medical procedures like catheters, intravenous sets, and respiratory tubes. Nevertheless, multi-lumen tubing is projected to record the fastest CAGR of 8.8% during the 2024-2030 analysis period. This growth is due to the growing need for advanced medical procedures that demand multiple functions in a single tube, as well as the increasing incidence of chronic diseases that require complex catheterization and infusion therapies.

The report analyzes the global market for medical tubing across major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.

The global medical tubing market studied in this report with respect to Material – Polyvinyl Chloride (PVC), Silicone, Polyolefins, Polycarbonates, Fluoropolymers, Polyimide (Nylon) and Others (Including Thermoplastic Elastomers [TPE], Thermoplastic Polyurethane [TPU], and other polymers); Structure – Single-Lumen Tubing, Multi-Lumen Tubing, Co-Extruded Tubing, Braided Tubing, Tapered or Bump Tubing and Others (Including Balloon Tubing, Coiled or Corrugated Tubing, Heat Shrink Tubing, and more) and Application – Bulk Disposable Tubing, Drug Delivery Systems, Catheters & Cannulas, Biopharmaceutical Laboratory Equipment and Other Applications (Including Peristaltic Pump Tubing, Gas Supply Tubing, Smoke Evacuation Tubing, Dialysis Tubing, Infusion and Transfusion Tubing, and Wound Drainage Tubing).

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