Australia Medical Tubing Market Size & Outlook, 2022-2030
Australia medical tubing market, 2018-2030 (US$M)
Related Markets
Australia medical tubing market highlights
- The Australia medical tubing market generated a revenue of USD 276.5 million in 2022 and is expected to reach USD 464.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, polyvinyl chloride was the largest revenue generating product in 2022.
- Fluoropolymers is the most lucrative product segment registering the fastest growth during the forecast period.
Medical tubing market data book summary
| Market revenue in 2022 | USD 276.5 million |
| Market revenue in 2030 | USD 464.6 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride |
| Fastest growing segment | Fluoropolymers |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicone, Polyolefins, Polyimide, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products |
| Key market players worldwide | Asahi Group Holdings Ltd, MDC Industries, Nordson Corp, TE Connectivity Ltd, Freudenberg, Spectrum Plastics Group, Zarys International Group, Hitachi Cable America, NewAge Industries, Atag |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global medical tubing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical tubing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,804.9 million by 2030.
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia medical tubing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical tubing market will help companies and investors design strategic landscapes.
Polyvinyl chloride was the largest segment with a revenue share of 30.27% in 2022. Horizon Databook has segmented the Australia medical tubing market based on silicone, polyolefins, polyimide, polyvinyl chloride, polycarbonates, fluoropolymers, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for healthcare services is expected to grow at a steady pace owing to the increasing burden of chronic diseases, high disposable income, and aging population, continuing advances in medical technology, and changing consumer expectations for advanced medical facilities.
In addition, the people in Australia have higher life expectancies; as a result, the aging population is expected to rely on the healthcare system for geriatric care. Thus, rising demand for healthcare services is anticipated to have a positive impact on the growth of medical tubing market.
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Our clientele includes a mix of medical tubing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia medical tubing market size, by product, 2018-2030 (US$M)
Australia Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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