Global medical tubing market forecast at $19.5 billion by 2030

Dublin, Ireland – The “Medical Tubing Market Size, Share & Trends Analysis Report by Product (Silicone, Polyolefins), by Application (Bulk Disposable Tubing, Catheters), by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.

The global medical tubing market size is expected to reach USD 19.50 billion by 2030. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rising respiratory diseases such as pulmonary fibrosis, asthma, and lung cancer are expected to increase the demand for medical tubing as it is a significant component of respiratory devices such as ventilators that facilitate breathing.

Plastics play an important role in the manufacture of medical tubes such as vascular catheters and stent holders due to their inertness to body fluids and tissues, resistance to sterilization conditions, low cost for high volume applications, and higher optical properties. Thus, medical tubes made of plastics are witnessing increased adoption in medical devices.

The growing middle-class population and healthcare facilities have changed the attitude of consumers toward preventive healthcare, which is expected to augment the demand for medical devices, including medical tubing, over the forecast period. In addition, the growing awareness of hospital-acquired diseases is projected to drive demand for disposable medical devices.

The recent Covid-19 pandemic has led to an increase in hospitalizations, augmenting the demand for medical-grade plastics used for making tubes for enhanced patient care in intensive care units. Furthermore, countries have increased their share of investments in the healthcare sector to fight the pandemic which is expected to boost product demand.

The rising geriatric population and increasing awareness regarding health have increased hospital and clinical visits and have increased the number of preventive treatment operations which has increased the demand for medical devices including medical tubing.