The global medical tubing market size is projected to reach USD 7.9 billion by 2026 growing at a CAGR of 10.0% from 2021 to 2026. The increasing demand for medical tubing in various healthcare segments coupled with stringent regulations concerning healthcare safety is driving the market for medical tubing. Medical tubing is a polymer-based tube produced by the extrusion process. Medical tubes can be inserted into a human body to remove fluids and deliver drugs. They are also used in many medical devices such as catheters & cannulas and peristaltic pumps for removing fluids or inserting drugs. Growing awareness and government initiatives to provide high-quality healthcare facilities ultimately drives the medical tubing market globally.
The increase in demand for medical tubing and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in this market are Saint-Gobain (France), Freudenberg Medical LLC. (US), W.L. Gore and Associates Inc. (US), Avient Corporation (US), Raumedic AG (Germany), Lubrizol Corporation (US), Elkem ASA (Norway), Dow Corning Corporation (US), Nordson Corporation (US), Teknor Apex (US), and Optinova (Finland). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position. For instance, in August 2021, Nordson Corporation entered into a distribution agreement with Qosina. Under this agreement, the company will distribute its medical products through its distribution partner, Qosina.
