The global medical tubing packaging market is expected to grow a CAGR of 6.7%, during 2020-2027, which is attributed to several factors, on which, the report provided thorough insights and forecast. The Asia Pacific medical tubing packaging is expected to take the cake in terms of CAGR.
Medical tubing is referred to as tubing that complies with the set medical standards and is fit to be used for a variety of medical and pharmaceutical applications. For the same, medical tubing packaging manufacturing processes must comply with Good Manufacturing Practice (GMP) and Current Good Manufacturing Practice (cGMP) protocols.
VRR suggests that the increasing prevalence of urinary incontinence is expected to be a key driving force for growth of medical tubing packaging globally. Plastic has been found to be the most widely used material for medical tubing packaging. Out of several plastics, PP, PVC, TPE, and PA are expected to witness maximum use for medical tubing packaging. These four plastics are estimated to account for more than 70% of the global plastic medical tubing packaging market by value. The VRR study analyses the medical tubing packaging market in several regions and focuses on the key dynamics affecting the medical tubing packaging market, globally. It has been observed that there has been a growth in the geriatric population across the globe, leading to an increased prevalence of age-related ailments, the treatment for which requires high performance medical tubing packaging. Several urinary disorders such as urinary rotation, urinary retention, and others are prevalent in the global aged population and is expected to fuel demand for medical tubing packaging. As the global aged population is poised to account for almost 1/5th of the total population in the next three decades, there is expected to be a surge in demand for medical tubing packaging, wherein, the innovation will be in terms of the materials used to improve performance and efficiency. VRR also states that growing demand for minimally invasive surgical procedures is something to look out for in the next eight years, as it will have a huge impact on the evolution of medical tubing packaging requirements. Overall, in terms of materials used, silicone is expected to witness growth in demand, especially in demanding and long-term applications requiring utmost efficiency and consumer convenience, such as urinary catheterization. One of the key factors which might restrain growth in demand for silicone for medical tubing packaging is its high cost.
The production of medical tubing packaging might be hampered by more manufacturers opting for manual assembly of medical tubing. Automated machinery have to be specially calibrated to account for changes in the wind radius of the tubing. According to VRR, many manufacturers may refrain from adopting automated equipment as the return on investment is less satisfactory.
Key market participants have been eyeing mergers and acquisitions to enhance capabilities and production capacity. This also aids companies in leveraging the expertise of acquired companies to enhance their product and services portfolio. The acquisitions by Tekni-Plex, Inc. and Resonetics, LLC have been pointed as good examples for the same. Growth in healthcare expenditure, especially in growing economies of the Asia-Pacific region is expected to facilitate growth of the Asia Pacific medical tubing packaging market.
Drivers and Restraints
The global medical tubing packaging market is likely to benefit from an increased aged population leading to high prevalence of urinary incontinence. It is forecast that around 20% of the global population would be above the age of 60 years, by the year 2050. Urinary disorders such as urinary incontinence, urinary retention etc., particularly post-prostate gland surgery, are prevalent in the global elderly population. The growing demand for medical devices requiring minimally invasive surgical techniques is also likely to play a pivotal role in growth of the global medical tubing packaging market. Challenges associated with medical tubing packaging are expected to be a hindrance to market growth. The global medical tubing packaging market might experience sluggish growth due to high preference for manual labor in medical tubing packaging assembly. There are special requirements associated with the adoption of automated machinery for medical tubing packaging assembly, wherein, changes in wind radius of tubes from one end of the reel to another must be accounted for.
Key players which have been profiled in the report include – Nordson Corporation, Raumedic AG, Duke Extrusion, MicroLumen, Inc., Freudenberg Medical, FBK Medical Tubing, Inc. W.L. Gore & Associates, Inc., AlkorDraka Group, Kent Elastomer Products, Inc., Sunlite Plastics, Inc., Polyzen, Inc., and Optinova Group. Apart from these, key medical tubing packaging material suppliers such as PolyOne Corp., Wacker Chemie AG, and Shin-Etsu Chemical Co. Ltd. have also been profiled in the global medical tubing packaging report.
By Material Type
By Process Type
Heat Shrink Tubing
Laser Machined Tubing
General Purpose Application
Peristaltic Pump Tubing
Smoke Evacuation Tubing
Urological Retrieval Devices
By End Use
Ambulatory Surgical Centers
Diagnostic Centers & Clinics
The Medical tubing packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Medical tubing packaging market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Medical tubing packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical tubing packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical tubing packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Medical tubing packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Medical tubing packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical tubing packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical tubing packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical tubing packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.
Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.
We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.
Overall, this is an in-depth research report specifically for the Medical tubing packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Medical tubing packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical tubing packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical tubing packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical tubing packaging market. These factors have benefited the growth of the global market for Medical tubing packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical tubing packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Medical tubing packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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