India Medical Tubing Market Size & Outlook, 2022-2030
India medical tubing market, 2018-2030 (US$M)
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India medical tubing market highlights
- The India medical tubing market generated a revenue of USD 444.7 million in 2022 and is expected to reach USD 817.8 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% 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 444.7 million |
| Market revenue in 2030 | USD 817.8 million |
| Growth rate | 7.9% (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, India accounted for 3.6% 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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India 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 30.6% in 2022. Horizon Databook has segmented the India 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 medical tubing market in India is expected to witness tremendous growth over the forecast period on account of rapid changes in the country’s healthcare system. According to the International Trade Administration, the healthcare industry in India is expected to witness growth in terms of expenditure from USD 372 billion by 2022.
The country’s health care system is fueled by large-scale investments by private equity investors in hospital chains. The medical devices industry is considered to play a key role in the delivery of quality healthcare to the masses in India.
The ‘Make in India’ charter with the government support in the form of subsidies and land allocation is anticipated to increase the domestic production of medical tubing resulting in surging market growth over the forecast period.
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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 India medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into India medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical tubing market size, by product, 2018-2030 (US$M)
India Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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