UK Medical Tubing Market Size & Outlook, 2022-2030
UK medical tubing market, 2018-2030 (US$M)
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UK medical tubing market highlights
- The UK medical tubing market generated a revenue of USD 538.1 million in 2022 and is expected to reach USD 827.6 million by 2030.
- The UK market is expected to grow at a CAGR of 5.5% 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 538.1 million |
| Market revenue in 2030 | USD 827.6 million |
| Growth rate | 5.5% (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, UK accounted for 4.4% 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 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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UK 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 30.38% in 2022. Horizon Databook has segmented the UK 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.
As of 2021, the UK was the third-largest market for medical tubing in Europe. The medical tubing market in the UK is characterized by a large number of small-scale medical device companies along with a few global manufacturers having a significant presence in the market.
According to the International Trade Administration, there are approximately 2,500 small to medium-sized medical device manufacturers around the country. National Health Service (NHS), a publicly funded organization, is the major purchaser of medical equipment in the UK.
However, financial pressures are expected to continue to influence purchasing decisions by NHS in the near future, in turn, hindering the market growth over the forecast period. Medical tube manufacturers can strengthen their relationships with private hospitals and dispensaries, which are funded by health insurance to boost their product sales over the coming years.
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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 UK medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into UK medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK medical tubing market size, by product, 2018-2030 (US$M)
UK Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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