MEDICAL TUBING MARKET ANALYSIS

Medical Tubing Market Size and Trends

The medical tubing market is estimated to be valued at USD 1,258.0 Mn in 2024 and is expected to reach USD 2,274.6 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

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The increase in minimally invasive surgeries and rising preference for customized medical tubing will drive the demand for medical tubing. Population aging and subsequent rise in chronic diseases will further contribute to the growth of the market. The trend gaining prominence in the medical tubing market is increased utilization of specialty tubing. Specialty tubing finds wide application in devices such as drug delivery systems, catheter assemblies, peristaltic pump tubing, and others. Specialty tubing offers advantages such as uniform diameter, smooth surface, and flexibility. Rising need for customized tubing compatible with advanced medical devices will boost the specialty tubing segment. Increased research on specialty biomaterials for tubing will further propel the market trends.

Market Driver – Increasing Demand for Minimally Invasive Surgical Procedures

The demand for minimally invasive surgical procedures is undergoing robust growth in recent times, driven by the preference of both patients and surgeons for techniques that reduce recovery time and postoperative trauma. Minimally invasive techniques such as laparoscopy allow complex internal operations to be performed through small incisions as compared to traditional open surgeries. This paradigm shift towards minimal access interventions has significantly fuelled the requirements for fine-caliber medical metal tubing and customized tubing solutions in the country. Medical metal tubes find wide applications in minimally invasive devices such as guidewires, catheter delivery systems, endoscopes, balloon catheters, and coronary stents. The inherent properties of kink resistance, pushability, torque control, and flexibility make metal alloys suitable for manufacturing tubing used in operational tools for laparoscopy, arthroscopy, gastroscopy, and other such advanced procedures. Furthermore, customized metal tubing helps in designing slim trocars, cannulas, and other port systems to facilitate surgical access through small passages. The customer demand for innovative product designs with enhanced performance capabilities is also propelling tubing manufacturers to develop sophisticated nuanced alloy compositions and fabrication techniques.

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The use of coronary stent devices has been increasing significantly over the past few years. Coronary stents are tiny mesh tubes made from medical metal tubing that are used to open blocked arteries and improve blood flow to the heart. As the prevalence of heart diseases like coronary artery disease has been rising rapidly, more and more patients require angioplasty procedures where temporary scaffolds in the form of coronary stents are placed inside the arteries to keep them open. This rising demand for angioplasty and stent placement surgeries has resulted in the greater consumption of medical metal tubing that is needed to manufacture coronary stents. Most contemporary coronary stents are made of alloy metals like cobalt-chromium, platinum-chromium, or nickel-titanium due to their strength, biocompatibility, and corrosion resistance. The tubing used for making these stents undergoes complex machining and manufacturing processes to create the intricately designed metal mesh structure. The advancement of drug-eluting stents that can release medications has further boosted the usage of specialty medical metal tubing. Moreover, the increasing prevalence of cardiovascular diseases will augment the requirement for coronary interventions like angioplasty and stent placement. Consequently, greater demand for the underlying medical metal tubing used for producing stents will drive higher growth in the market. For instance, in May, 2023 according to a report published by the Centers for Disease Control and Prevention, heart disease is the leading cause of death among men, women, and people of most racial and ethnic groups in the U.S., while one person dies every 33 seconds in the U.S. from cardiovascular disease.