Germany Medical Tubing Market Size & Outlook, 2022-2030
Germany medical tubing market, 2018-2030 (US$M)
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Germany medical tubing market highlights
- The Germany medical tubing market generated a revenue of USD 1,149.9 million in 2022 and is expected to reach USD 1,840.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.1% 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.
Medical tubing market data book summary
| Market revenue in 2022 | USD 1,149.9 million |
| Market revenue in 2030 | USD 1,840.6 million |
| Growth rate | 6.1% (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, Germany accounted for 9.4% 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 Europe, Germany medical tubing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,840.6 million by 2030.
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 30.87% in 2022. Horizon Databook has segmented the Germany 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.
Germany's demand for medical tubes is anticipated to be influenced by a number of variables, including the country's established rising healthcare costs and medical infrastructure. Steady demand for diagnostic equipment and minimally invasive that uses medical tubes is also expected to drive medical device sales, fueling demand for medical tubes over the forecast period.
Healthcare industry in the country offers opportunities and high growth potential for domestic medical device manufacturers. Over 76% of healthcare spending is sourced from public sector, which highly focuses on cost cuttings and health reform measures, in turn, increasing the pressure on medical device manufacturers, resulting in lowering the demand for premium medical tubes.
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Target buyers of Germany medical tubing market databook
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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 Germany medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical tubing market size, by product, 2018-2030 (US$M)
Germany Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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