Italy Medical Tubing Market Size & Outlook, 2022-2030
Italy medical tubing market, 2018-2030 (US$M)
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Italy medical tubing market highlights
- The Italy medical tubing market generated a revenue of USD 385.6 million in 2022 and is expected to reach USD 569.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 5% 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 385.6 million |
| Market revenue in 2030 | USD 569.4 million |
| Growth rate | 5% (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, Italy accounted for 3.2% 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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Italy 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 30.42% in 2022. Horizon Databook has segmented the Italy 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 domestic market for medical devices is highly dependent on imports despite having a considerable local manufacturing industry. Major suppliers include France, the Netherlands, Germany, the U.S., and Belgium, all of which contributed about 5.4% share in the Italian medical device imports.
A significant number of U.S. manufacturers are present in the Italian healthcare market on account of increased demand for U.S.-based medical tubes as the American technologies and standards are highly recognized and regarded by medical practitioners in the country.
Government initiatives on creating awareness about better healthcare devices in cost-effective ways, despite budgetary pressures and escalating costs, are projected to create opportunities for medical tubing manufacturers over the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into Italy medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy medical tubing market size, by product, 2018-2030 (US$M)
Italy Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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