Medical Tubing Market

New Product Launches, Expansions, Acquisitions, and Joint Ventures as Key Growth Strategies in the Global Medical Tubing Market

Medical tubing is a polymer-based tube produced by an extrusion process and is used in drug delivery systems, peristaltic pumps, feeding tubes, and so on. These tubes have exceptional mechanical, thermal, and chemical properties, and are used in a wide range of minimally invasive critical applications such as cardiovascular catheters, stent delivery systems, urological retrieval devices, and drug delivery.

The global medical tubing market is projected to reach USD 9.38 Billion by 2022, registering a CAGR of 9.0% between 2017 and 2022. The increase in the aging population, shift toward minimally invasive medical procedures, increasing demand for medical devices that incorporate tubing, and growing awareness and government initiatives to provide high-quality healthcare facilities are key factors fueling the demand for medical tubing around the world. However, the stringent and time-consuming regulatory policies is one of the key challenges faced by manufacturers of medical tubing.

Key companies profiled in this report include Zeus Industrial Products (U.S.), Saint-Gobain Performance Plastics (France), Teleflex (US), Optinova (US), Lubrizol Corporation (Vesta) (US), Nordson Corporation (US), Putnam Plastics (US), RAUMEDIC AG (Germany), Tekni-Plex (US), and W. L. Gore & Associates (US). The growing awareness and government initiatives to provide high-quality healthcare facilities have encouraged companies to adopt several business strategies to stay competitive in the global market between 2015 and 2018. Leading companies have adopted New Product Launches, Expansions, Acquisitions, and Joint Ventures as Key Growth Strategies in the Global Medical Tubing Market.

Zeus Industrial Products (US), one of the biggest medical tubing manufacturers in the world, has adopted expansion as its key strategy. In February 2018, the company expanded its present manufacturing facilities in Calhoun County (US), Orangeburg County (US), and Aiken County (US) with an investment of USD 76.0 Million, USD 15.9 Million, and USD 15.7 million respectively. The expansion is in response to the increasing demand for medical tubing and is expected to be completed by 2019.

Saint-Gobain Performance Plastics (France) has considered expansion as one of its key strategies to stay competitive in the global medical tubing market. In July 2017, the company expanded its molding and extrusion operation facilities with an investment of USD 25.00 million. The company plans to add more than 74,000 square feet of manufacturing space to cater to the increasing demand for medical tubing, especially from the medical industry.

Related Reports:

Medical Tubing Market by Material (PVC, Polyolefin, TPE & TPU, and Silicone), Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, and Special Applications), Structure, and Region - Global Forecast to 2022

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Report Code
CH 4564
Published ON
Apr, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Medical Tubing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved