North America Medical Tubing Market Size & Outlook
North America medical tubing market, 2018-2030 (US$M)
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North America medical tubing market highlights
- The North America medical tubing market generated a revenue of USD 4,360.4 million in 2022.
- The market is expected to grow at a CAGR of 5.6% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 4,360.4 million |
| Market revenue in 2030 | USD 6,758.2 million |
| Growth rate | 5.6% (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, North America region accounted for 35.6% 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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North America 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 31.38% in 2022. Horizon Databook has segmented the North America 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 demand for medical tubing in North America was dominated by the U.S. As of 2020, North America was the largest market for medical tubing and is expected to continue to dominate the global market over the forecast period. Factors such as technological advancements, increasing healthcare spending coupled with government policies are likely to propel the market demand.
Medical tubing made of polymers such as polyvinyl chloride, polycarbonates, polyimide, fluoropolymers, polyolefins, and silicone are used in North America. In terms of revenue, polyvinyl chloride is the widely preferred polymer in North America on account of its ability to withstand high temperatures and its low cost as compared to other polymer materials.
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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 North America medical tubing market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America medical tubing market size, by country, 2018-2030 (US$M)
North America Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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