Europe Medical Tubing Market Size & Outlook, 2022-2030
Europe medical tubing market, 2018-2030 (US$M)
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Europe medical tubing market highlights
- The Europe medical tubing market generated a revenue of USD 3,856.0 million in 2022.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 3,856.0 million |
| Market revenue in 2030 | USD 5,751.7 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride |
| Fastest growing segment | Fluoropolymers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 31.5% of the global medical tubing market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,225.6 million by 2030.
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 30.59% in 2022. Horizon Databook has segmented the Europe 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.
Polyvinyl chloride is the majorly used polymer in the production of medical tubing. However, with the increasing emphasis on the safer use of polymer materials, the demand for polyvinyl chloride is expected to decline and to be replaced by other polymers such as fluoropolymers, silicones, and polyolefins.
The demand for polyolefins and polycarbonates is driven by the increase in the production of various types of catheters such as flexible and balloon catheters. The demand for medical tubing in catheters application segment is expected to witness significant growth over the forecast period.
Medical tubes are used in a wide variety of catheters produced in Europe, such as electrophysiology (EP) ablation catheters, angiographic catheters, and urinary catheters. The broad application scope of catheters in medical sector is expected to provide substantial growth opportunities for medical tube manufacturers.
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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 continent-level data and insights on the Europe medical tubing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe medical tubing market size, by country, 2018-2030 (US$M)
Europe Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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