Medical Tubing Market Size, Share & Trends Analysis Report By Product Type (Silicone, Polyolefins, Polyimide, Polycarbonates), By Application (Bulk Disposable Tubing, Catheters, Drug Delivery Systems), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the medical tubing market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for medical tubing market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of medical tubing market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Medical Tubing Market Categorization:

The medical tubing market was categorized into four segments, namely product (Silicone, Polyolefins, Polyimide, Polyvinyl Chloride, Polycarbonates, Fluoropolymers), application (Bulk disposable tubing, Drug delivery systems, Catheters, Biopharmaceutical laboratory equipment), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The medical tubing market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The medical tubing market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Mexico; France; Germany; Italy; Netherlands; Russia; Spain; the UK; China; India; Japan; Australia; Singapore; South Korea; Brazil; and South Africa

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Medical tubing market companies & financials:

The medical tubing market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• ASAHI TEC CORPORATION The company operates its business through various divisions including industrial & manufacturing services, international services, real estate & construction, domestic HR services, restaurant business, welfare technologies, and advertising. The product line of the company’s industrial & manufacturing division includes elastomer tubes, spoon straws, medical plastic tubes, pump nozzles, and dispenser tubes based on polyethylene & polypropylene materials for use in medical, automotive, and mobile applications among others. The company has various subsidiaries such as Japan Field Co., Ltd., Japan Sports Agent, Pan Asia Business Cooperative Association, and Daihohiragi Inc., among others. Its subsidiaries under industrial & manufacturing division include Asahi Pactem Co., Ltd.; Asahi Engineering Co., Ltd.; and Shinsyou Kasei Kogyo Co., Ltd

   

• MDC Industries The company is an Original Equipment Manufacturer (OEM) and a supplier of microtubes. It is engaged in the development and production of medical and industrial-grade tubes that meet the demand in medical, industrial, and agricultural applications. The company produces microtubes to cater to the demands of irrigation, nurseries, and greenhouses under its agriculture products category. Under its industrial products category, the company produces a variety of pneumatic tubing based on polyurethane, polyamide, and polyethylene. The company also produces medical plastic tubes in various extrusions including single-lumen tubing, multi-layer tubing, thin-walled tubes, and lay flat tubing. The extrusions are based on various materials including ethylene vinyl acetate, polyethylene, polyamide, and PVC (free of DEHP). It is also engaged in the production of industrial-grade PVC compounds such as PVC wires, cables, and medical-grade PVC compounds.

   

• Nordson Corporation The company designs, manufactures, and markets systems that apply sealants, adhesives, and coatings to industrial and consumer products during manufacturing operations. The company offers its products through three business segments namely adhesive dispensing systems segment, industrial coating systems segment, and advanced technology systems segment. The company provides its products to various industries such as aerospace, animal health, automotive & transportation, chemical, defense, and medical. It has a geographical presence worldwide. The company sells its products through store-based retail as well as online retail.

   

• ZARYS International Group The company is a manufacturer of medical products and offers its products to cater to the needs of the medical device industry in Europe. It is primarily engaged in the manufacturing and supply of disposable medical equipment, dressing materials, drapes for urology, gynaecology, oxygen therapy, and other medical market needs. Its product portfolio includes a variety of medical equipment such as surgical sutures, medical gloves and apparatus, medical clothing, and disposable equipment. The company exports its products to more than 40 countries across the globe.

   

• Hitachi Cable America Inc The company is engaged in the manufacturing of metal products that cater to the needs of the telecommunication, automotive, and aerospace industries. The company has three divisions, namely the materials division and performance cable systems, automotive products division, and high-performance medical solutions division. Its high-performance medical solutions division manufactures and supplies medical tubing and medical devices such as sheaths, fluid transport tubing, peripherally inserted central catheter (PICC), and endoscopic tubing. Manufacturing facilities of the high-performance medical solutions division are located in Rhode Island and Connecticut in the U.S. while its cable production and assembly services are located in China and Japan. The company’s performance cable systems & materials division designs and manufactures fiber optic and copper communication cables and assemblies for telecommunications industry. Its automotive products division designs and manufactures components, such as electric sensor harnesses, power cable harnesses, and brake hose products, that are used by automotive industry. It has a global presence in North America, Asia, and Europe.

   

• NewAge Industries Inc. The company is a manufacturer and fabricator of plastic tubing & hoses and a supplier of fittings and clamps. Its product portfolio includes tubing & hose, fittings, clamps & accessories. It has two divisions, namely AdvantaPure, and Verigenics. Its AdvantaPure division specializes in producing various tubing and hose products including silicone tubing and hose, pump tubing, and sanitary hose assemblies. Products offered through AdvantaPure division cater to the needs of biomedical, pharmaceutical, cosmetic, and food & beverage industries. Verigenics division offers automated identification and tracking solutions. The company’s corporate sales and manufacturing facilities are located in Southampton, U.S. The company has an employee strength of around 500 personnel. It has presence in North America.

   

• TE Connectivity The company is engaged in the designing, manufacturing, and sales of sensors, connectors, and electronic components. Its products cater to various industrial & transportation, energy, medical, and data communications applications. The company’s operations are classified into three segments, namely transportation solutions, industrial solutions, and communication solutions. The company’s product portfolio includes medical tubing, circular plastic connectors, interconnect systems, terminals, home appliances, fiber optics, and ribbon connectors. The company’s industrial solutions segment offers medical tubes made of polyolefin for use in medical applications along with other products such as relays, wires, cables, and terminals, which cater to aerospace, defense, and oil & gas industries. It has a geographical presence in more than 140 countries across the globe.

   

• Spectrum Plastics Group Spectrum Plastics Group was formed in 2017 as a result of the merger of Kelcourt Plastics, Inc., PEXCO, and PPC Industries, Inc. Spectrum Plastics Group is a specialty plastic products manufacturing company. The company is primarily engaged in the manufacturing of plastic and silicone devices, components, flexible medical packaging products, and Original Equipment Manufacturer (OEM) plastic components. The company’s product portfolio includes extruded tubing, medical injection molded plastics, and flexible medical packaging films. Its extruded tubing product line includes a variety of extruded silicone tubing, fluid management tubing, and catheters. The company had 21 manufacturing facilities across the globe.

   

• Bentec Medical The company designs and fabricates silicone and Polyvinyl Alcohol (PVA)-based medical devices that are used for interventional radiology paediatrics, oncology, ENT, cardiology, plastics & reconstructive surgery, and urology. The company has contract manufacturing and custom manufacturing, divisions. Its contract manufacturing division assists OEMs in the development of a prototype; designing of the devices; regulatory clearance; manufacturing, assembly, and packaging of the product. In 2016, the assets of the company were acquired by investors Greyrock Capital Group and Hermitage Equity Partners. It has presence around North America.

   

• Freudenberg & Co. KG The company’s operations are divided into four business divisions. These include seals and vibration control technology, nonwovens & filtration, household products, and specialties & others. Seals and vibration control technology business division encompass sealing technologies, vibration control technology, medical, and oil & gas technologies business groups. The company produces medical tubing, drug coatings, and various types of minimally invasive devices under its medical business category of seals and vibration control technology business division. Nonwovens and filtration encompass performance materials, filtration technologies, and non-woven fabrics businesses. The company’s household products division comprises home and cleaning solutions. Its specialties business division comprises chemical specialties and IT business.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Medical Tubing Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Medical Tubing Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.