Singapore Medical Tubing Market Size & Outlook, 2022-2030
Singapore medical tubing market, 2018-2030 (US$M)
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Singapore medical tubing market highlights
- The Singapore medical tubing market generated a revenue of USD 170.3 million in 2022 and is expected to reach USD 297.9 million by 2030.
- The Singapore market is expected to grow at a CAGR of 7.2% 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 170.3 million |
| Market revenue in 2030 | USD 297.9 million |
| Growth rate | 7.2% (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, Singapore accounted for 1.4% 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 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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Singapore 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 30.3% in 2022. Horizon Databook has segmented the Singapore 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.
Singapore has one of the best healthcare infrastructures in the world; it is highly acknowledged for having excellent outcomes at moderate costs. According to International Trade Administration, the country’s healthcare expenditure is anticipated to be USD 49.4 billion by 2029.
Furthermore, healthcare expenditure by the government is projected to grow to USD 36 billion by 2029 while private healthcare expenditure is expected to be USD 13.5 billion. This continued commitment by the government to improve healthcare system is expected to bring in more healthcare facilities equipped with advanced medical equipment.
In addition, Singapore is gaining popularity as a healthcare hub among the neighboring countries such as the Philippines, Thailand, Indonesia, Malaysia, and Brunei. All the aforementioned factors are expected to contribute to the growth of medical tubing market in Singapore.
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Our clientele includes a mix of medical tubing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into Singapore medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore medical tubing market size, by product, 2018-2030 (US$M)
Singapore Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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