U.S. Medical Tubing Market Size & Outlook, 2022-2030
U.S. medical tubing market, 2018-2030 (US$M)
Related Markets
U.S. medical tubing market highlights
- The U.S. medical tubing market generated a revenue of USD 3,738.4 million in 2022 and is expected to reach USD 5,676.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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 3,738.4 million |
| Market revenue in 2030 | USD 5,676.9 million |
| Growth rate | 5.4% (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, U.S. accounted for 30.6% 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 North America, U.S. medical tubing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 655.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 31.34% in 2022. Horizon Databook has segmented the U.S. 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 prevalence of a significant geriatric population in the country, advanced healthcare infrastructure, and relatively sophisticated disposable income levels of patients are some important drivers of the healthcare industry in U.S. According to the Population Reference Bureau, the number of people aged 65 and above in the U.S. is expected to double from 52 million in 2018 to 95 million by 2060.
Thus, the aforementioned factors are likely to have a positive impact on the growth of medical devices market which is likely to propel the demand for medical tubing in the applications such as catheters, drug delivery systems, among others. In terms of revenue, polyvinyl chloride (PVC) was estimated as the largest segment.
However, its demand is expected to decline over the forecast period on account of the presence of toxic bis (2- ethylhexyl) phthalate (DEHP) content in PVC tubes. Manufacturers are rapidly switching to the production of DEHP-free PVC medical tubes in order to comply with the regulations which is anticipated to further facilitate the growth of polyvinyl chloride tubing over the coming years.
Reasons to subscribe to U.S. medical tubing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. medical tubing market databook
-
Our clientele includes a mix of medical tubing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. medical tubing market size, by product, 2018-2030 (US$M)
U.S. Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
