Market revenue in 2022 | USD 957.8 million |
Market revenue in 2030 | USD 1,804.9 million |
Growth rate | 8.2% (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 |
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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 30.65% in 2022. Horizon Databook has segmented the China 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.
China is one of the fastest-growing medical devices markets in the world and an attractive destination for medical tubing manufacturers. For example, in April 2020, the Asian facilities Investment Bank (AIIB) authorized a USD 352.2 million loan to bolster China's public healthcare facilities due the COVID-19 pandemic.
In addition, UPMC International partnered with Wanda Group for a project worth USD 2 billion to build at least five hospitals in five major cities in China. As a part of this project, in November 2019, UPMC International and the Wanda Group broke ground for the construction of a hospital in Chengdu, Sichuan.
Horizon Databook provides a detailed overview of country-level data and insights on the China medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into China medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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