Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1800 Million | USD 2900 Million | 6.5% | 2022 |
FrequentlyAsked Questions
To comply with standards and regulations, medical tubing is utilized in a variety of medical or pharmaceutical-related applications. The control of drainage and fluid is accomplished using it. In addition, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment all employ medical tubing, as do respiratory and anesthesiology apparatus. Medical tubing must be manufactured according to a standard technique and with the proper certifications since it directly affects human tissue. Medical-grade silicone tubing is essential for many treatments, diagnoses, and procedures. Due to its particular qualities, it is the best option for applications where cleanliness, safety, and compatibility with biological systems are crucial.
The growing geriatric population coupled with the rising geriatric population is expected to drive the market growth during the forecast period. In addition, the growing innovative product launches in the industry are one of the other important factors that fuel the market penetration over the forecast period.
According to the report, the global medical-grade silicone tubing market size was worth around USD 1800 million in 2022 and is predicted to grow to around USD 2900 million by 2030.
The global Medical Grade Silicone Tubing market is expected to grow at a CAGR of 6.5% during the forecast period.
The global Medical Grade Silicone Tubing market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to advanced healthcare infrastructure and growing investment in advanced technologies.
The global Medical Grade Silicone Tubing market is dominated by players like Trelleborg, Saint-Gobain, Freudenberg Group, Parker, Raumedic, NewAge Industries, Lubrizol (Vesta), Primasil, Simolex, Chensheng Medical, Leadfluid, Yongshengyuan and Hengshui Shuangxing among others.
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