Medical Tubing Market to Witness 8% CAGR to 2021 Driven by Bulk Disposable Tubing
PUNE, India, September 15, 2016 /PRNewswire/ --
The worldwide medical tubing market is set to hit a market size of $5.85 billion by 2021 due to rapid growth of minimally invasive surgery with silicone expected to be the fastest growing material market led, regionally, by North America with the highest CAGR growth rate.
Complete report on global medical tubing spread across 160 pages, profiling 11 companies and supported with 108 tables and 37 figures is now available at http://www.rnrmarketresearch.com/medical-tubing-market-by-material-pvc-polyolefin-tpe-tpu-silicone-others-structure-application-bulk-disposable-tubing-catheters-cannulas-drug-delivery-systems-global-trends-forecasts-to-2021-market-report.html .
Another driving factor of growth of medical tubing market is increasing aging population and growing concern about health issues, especially in the developing countries forcing the population to spend money on quality healthcare services.
Silicone is the fastest-growing material market, registering the highest CAGR during the forecast period. The growth is attributed to its sterilization capability and the property of sustaining even under high temperatures, where normal plastics cannot sustain.
Bulk disposable tubing application segment use medical tubing on a large scale. The segment includes tubing used in blood bags, dialysis tubing, among many more. The demand for medical tubing is increasing because the governments of many countries are taking different initiatives to cut costs and improve the quality of their healthcare infrastructure. The major factors which are driving the use of medical tubing are the demand from applications, especially bulk disposable tubing and catheters & cannulas.
The medical tubing market in North America is well established and the region has a vast distribution network of medical tubing. The U.S. is projected to drive the market in the region owing to the rising standard of living and health concerns among the population. Mexico is projected to witness the highest CAGR in the North American market during the forecast period.
The report provides the company profiles and competitive strategies adopted by the major market players such as Saint-Gobain Performance Plastics (U.S.), Freudenberg Medical, LLC (U.S.), W.L. Gore & Associates, Inc. (U.S.), and Dow Corning Corporation (U.S.). Order a copy of Medical Tubing Market by Material (PVC, Polyolefin, TPE & TPU, Silicone, Others), Structure, Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems) - Global Trends & Forecasts to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=689785 .
In the process of determining and verifying, the global medical tubing market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (25%), Tier 2 (50%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (20%), Director Level (30%) and others (50%) from various key organizations operating in the global medical tubing market. The primary interviews were conducted worldwide covering regions such as North America (20%), Europe (30%), Asia-Pacific (25%), South America (15%) and Middle East and Africa (10%).
On a related note, another research on Medical Grade Silicone Market Global Trends & Forecast to 2021 says, Growing and aging population, along with increasing trends of home care and self-medication, is fueling the medical grade silicone market. Liquid Silicone Rubbers (LSR) is the fastest-growing product form of the medical grade silicone market. The global market size of medical grade silicone is projected to reach USD 7.23 billion by 2021 at a CAGR of 9.4%, between 2016 and 2021. Dow Corning (U.S.), Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive, Bluestar Silicones and 3M Company have been profiled in this 180 pages research report available at http://www.rnrmarketresearch.com/medical-grade-silicone-market-by-product-form-gels-soft-skin-adhesives-pressure-sensitive-adhesives-coatings-liquid-silicone-application-prosthetics-implants-orthopedic-devices-tubes-catheters-tapes-w-st-to-2021-market-report.html .
Explore more reports on materials & chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals .
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