Middle East & Africa Medical Tubing Market Size & Outlook
Middle East & Africa medical tubing market, 2018-2030 (US$M)
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MEA medical tubing market highlights
- The MEA medical tubing market generated a revenue of USD 390.8 million in 2022.
- The market is expected to grow at a CAGR of 6.3% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 390.8 million |
| Market revenue in 2030 | USD 636.0 million |
| Growth rate | 6.3% (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, MEA region accounted for 3.2% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 29.76% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
Medical tourism is an integral part of its economic diversification plans with Abu Dhabi and Dubai at the forefront amongst the GCC nations in attracting medical tourists. In addition, existing hospitals are planning to expand their medical capabilities, market shares, and physician practices, which has created an increased demand for healthcare products.
Changing demographic and epidemiological trends are boosting the need for healthcare services, which is anticipated to boost the demand for medical tubing in the coming years. The demand for medical tubing in the Middle East & African region is driven by the significant budget allocations to the healthcare sector by the governments of various countries, including Saudi Arabia, the UAE, and South Africa. In Saudi Arabia, the healthcare sector is witnessing a significant increase in budget allocations.
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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 Middle East & Africa medical tubing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical tubing market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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