Surgical Tubing Market Revenue Opportunities, Growth Drivers | Forecast 2019-2025

The growth of the global surgical tubing market is driven by various factors such as the increasing geriatric population worldwide, and rising innovations by major players. However, the stringent regulatory policies and significant investment and time required for product development are projected to hamper the growth of the global surgical tubing market.

According to MRFR analysis, the global surgical tubing market is expected to register a CAGR of 8.6% during the forecast period of 2019 to 2025 and is expected to reach USD 4,260 Million by 2025.

The elderly population who experience many fitness problems due to reduced endurance requires a range of treatments, including the use of surgical tubes. This demand-based application of surgical tubes is the main driver of the global market.

Regional Analysis

Regionally, North America will play an important role as it houses countries such as the United States and Canada with one of the strongest health infrastructures. As mentioned earlier, there will also be a peak among people aged 65 and older, followed by Europe. People are more aware and focus on their wellbeing due to high disposable income. It should be noted here that the second-largest shareholding position in Europe can also be attributed to the presence of some of the major players in the market.

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Asia Pacific region is likely to witness swift growth trends to meet growing demand as a result of government efforts to improve healthcare infrastructure. In addition, growing occurrences of chronic diseases in the region are anticipated to boost the demand.

Market Segmentation

The global surgical tubing market is classified on the basis of structure, material, application, and end-user.

The global surgical tubing market, based on material, has been bifurcated into thermoplastic elastomer (TPE), polyvinyl chloride (PVC), silicone, polyolefins, thermoplastic polyurethane (TPU), and others. The polyvinyl chloride segment is anticipated to come out as the largest segment during the assessment period owing to the increased number of surgical procedures. The thermoplastic polyurethane (TPU) segment is likely to emerge rapidly to its exceptional properties.

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On the basis of structure, the global market is diversified into braided tubing, single-lumen, balloon tubing, multi-lumen, and others. The single-lumen segment is projected to maintain its dominance owing to highest share of the market owing. The segment is driven by high demand for applications in surgical instruments. The multi-lumen segment is predicted to be swiftly growing due to the increased number of surgeries.

Key Players

The leading dominating the growth of the global surgical tubing market include Zeus Industrial Products, Saint-Gobain Performance Plastics, Teleflex, Raumedic, Tekni-Plex, Microlumen, W.L.Gore & Associates, A.P. Extrusion, Kent Elastomer Products, Inc., Freudenberg Group, Grayline, Polyzen, and others.

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