South Africa Medical Tubing Market Size & Outlook
South Africa medical tubing market, 2018-2030 (US$M)
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South Africa medical tubing market highlights
- The South Africa medical tubing market generated a revenue of USD 154.5 million in 2022 and is expected to reach USD 257.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.6% 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.
Medical tubing market data book summary
| Market revenue in 2022 | USD 154.5 million |
| Market revenue in 2030 | USD 257.6 million |
| Growth rate | 6.6% (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, South Africa accounted for 1.3% 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 Middle East & Africa, South Africa medical tubing market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 257.6 million by 2030.
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 29.58% in 2022. Horizon Databook has segmented the South 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.
The market growth for medical tubes is driven by increased government spending on healthcare programs, national legislation related to the government’s National Health Insurance program along with the Competition Commission’s investigation in private healthcare costs.
Accelerating economic growth supported by higher commodity prices and growing investor sentiment is expected to further propel the market growth over the forecast period. The South African medical tubing market is highly fragmented and ruled by domestic players.
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Target buyers of South Africa medical tubing market databook
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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 South Africa medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical tubing market size, by product, 2018-2030 (US$M)
South Africa Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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