Increasing shift of minimally invasive surgical procedures is estimated to stimulate market demand.

Silicone Medical Tubing Market Size – USD 5.20 billion in 2021, Growth - CAGR of 9.5%, Trends – Increasing geriatric population

The global Silicone Medical Tubing market is expected to reach USD 11.71 Billion by 2030, according to a new report by Reports and Data. Silicone Medical Tubing is a kind of tubing that comply with medical industry requirements and standards for various medical or pharmaceutical related applications. Silicone Medical Tubing is deployed for fluid management and drainage along with anesthesiology and respiratory equipment, IVs, catheters, and biopharmaceutical laboratory equipment, among others.

Increasing geriatric population is expected to drive the market demand in the forecast period. Elderly people face several health issues owing to reduced immunity strength and require various treatments that include the implementation of Silicone Medical Tubing. Increasing awareness pertaining to advancement in healthcare facilities and government initiatives to make subsidized medical facilities available to people is another driver causative of the market growth. Growing demand for medical devices that has Silicone Medical Tubing as a part of the equipment is pushing demand for the tubing. Increased healthcare spending to avoid future hazards and a large number of invasive surgeries are increasing the demand for Silicone Medical Tubing. Continuous customization of polymers and restructuring of the tubing has given various opportunities for the players in the market.

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Top Companies: Asahitec Corporation, MDC Industries, Compagnie de Saint-Gobain S.A., Freudenberg Medical, LLC., The Lubrizol Corporation, Avient Corporation., Raumedic AG, DuPont de Nemours, Inc., Teknor Apex Optinova Holding AB, and Nordson Medical (Nordson Corporation)

Further Key Finding from the Report Suggestion:

• Plastics contributed to the largest market share in 2018 and is expected to grow at a rate of 8.8% in the forecast period as plastic tubing delivers a wide range of chemical and corrosion resistance, exceptional abrasion and wear resistance, greater flexibility, visual contact with the flow, and outstanding flow characteristics.
• By application, catheters held a substantial market share in 2018 and are forecasted to grow at a rate of 8.9% in the forecast period. Medical catheters and tubing are like carriers, navigating intricate regions of the body to deliver or remove fluids and to treat or diagnose abnormalities. Their role is fundamental to several diagnostic procedures and treatments, such as medicine delivery and toxin removal, among other specific functions.
• The market in the North America region dominated the market in 2018 and is projected to grow at a rate of 8.1% in the forecast period owing to initiatives taken by the governments in the region to offer superior medical facilities.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Silicone Medical Tubing market is segmented into:

Material Outlook (Revenue, USD Billion; 2019–2030)

• Plastics
  • Polyvinyl Chloride (PVC)
  • Polyolefin
  • Polyamide
  • Polytetrafluoroethylene (PTFE)
  • Polyether Ether Ketone (PEEK)
  • Perfluoroalkoxy (PFA)
  • Polycarbonate (PC)
• Rubbers
  • Thermoplastics Elastomer (TPE)
  • Thermoplastic Polyurethane (TPU)
  • Silicone
  • Polyurethane (PU)
  • Ethylene Propylene Diene Monomer (EPDM)
  • Latex
• Specialty Polymers

Application Outlook (Revenue, USD Billion; 2019–2030)

• Bulk Disposable Tubing
• Catheters Cannulas
• Drug Delivery Systems
• Special Applications

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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