Dublin, May 12, 2020 (GLOBE NEWSWIRE) -- The "COVID-19 Impact on the Medical Tubing Market by Material (PVC, TPE & TPU, Polyolefin, and Silicone), Application (Drug Delivery, Bulk Disposable Tubing, Catheters & Cannulas, and Special Applications) and Country - Forecast to 2021" report has been added to ResearchAndMarkets.com's offering.

The US medical tubing market size is expected to grow from USD 2.6 billion in 2020 to USD 2.9 billion by 2021, at a CAGR of 13.2%.

The medical tubing industry is driven by various factors, such as increasing consumption of medical tubing in various applications such as bulk disposable tubing, catheters & cannulas, drug delivery, and special application. Furthermore, the shift in consumer preference toward high-quality standard products in this pandemic situation is propelling the growth of the medical tubing market across the globe. However, factors such as restricting counterfeit products and fighting time from supply chain & logistics are likely to hinder the growth of the market.

Silicone segment to drive the global market during the forecast period.

The medical tubing market has been segmented based on material as silicone, TPU & TPE, PVC, polyolefin, and others. Among these materials, silicone accounted for the largest share of the market during the forecast period. The market growth in this segment is attributed to its unique properties such as resistance to high temperature, water resistance, mechanical strength, and durability. These factors are expected to drive demand during the forecast period.

Drug Delivery segment expected to account for the largest market share during the forecast period.

The drug delivery segment is proliferating owing to the increased usage in the diagnosis of numerous diseases such as diabetes, kidney failure, heart diseases, and others. Furthermore, the demand for the drug delivery system is increasing due to the rising incidence of COVID-19 cases, globally. The market is also influenced by growing COVID-19 infection in people having existing medical conditions such as asthma and diabetics. This is fueling the sales of medical tubing for drug delivery applications.

The US is expected to record the highest growth rate during the forecast period.

The US is expected to have the highest growth rate during the forecast period due to the COVID-19 outbreak. The pandemic has caused disruption to the US economy, with 273,808 confirmed patients and 7,020 deaths as of 5th April 2020. Due to the sudden rise in the number of patients, the country is running short on medical supplies and life-supporting devices. The country requires drug delivery systems, IVs, and vaccines. This will boost the market for medical tubing in the region. Furthermore, the majority of the leading manufacturers of medical tubing have their headquarters in the US, which in turn, will drive the market during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Covid-19 Impact on Medical Tubing Ecosystem
3.1 Medical Tubing Industry Ecosystem
3.2 Value Chain of Medical Tubing Industry
3.3 Impact on Value Chain
3.3.1 Raw Material Suppliers
3.3.2 Medical Grade Tube Suppliers
3.3.3 Molders/Applicators
3.3.4 Applications (Drug Delivery and Disposables)
3.4 Macroeconomic Indicator
3.4.1 Introduction
3.5 Market Dynamics
3.5.1 Drivers
3.5.1.1 Growing Demand for Medical Tubing in Ventilators
3.5.1.2 Increasing Demand for Medical Devices That Incorporate Tubing
3.5.2 Challenges
3.5.2.1 Significant Time and Investment Required for Product Development
3.5.2.2 Fighting Time from Supply Chain & Logistics
3.5.2.3 Restricting Counterfeit Products

4 Customer Analysis
4.1 Introduction
4.1.1 Shift in Healthcare Industry
4.1.1.1 Disruption in the Industry
4.1.1.2 Impact on Customers' Output & Strategies to Improve Production
4.1.1.3 Impact on Customers' Revenues
4.1.1.4 Customer's Most Crucial Regions
4.1.1.5 Short-Term Strategies to Manage Cost Structure and Supply Chain
4.1.2 New Market Opportunities/Growth Opportunities
4.1.2.1 Measures Taken by Customers
4.1.2.2 Customers Perspective on Growth Outlook
4.2 Shift in Drug Delivery Application
4.2.1 Disruption in the Sector
4.2.2 Impact on Customers' Output & Strategies to Resume/Improve Production
4.2.2.1 Impact on Customers' Revenues
4.2.2.2 Customer's Most Impacted Regions
4.2.2.3 Short Term Strategies to Manage Cost Structure and Supply Chains
4.2.3 New Market Opportunities/Growth Opportunities
4.2.3.1 Measures Taken by Customers
4.2.3.2 Customers Perspective on Growth Outlook
4.3 Shift in Disposables Application
4.3.1 Disruption in the Sector
4.3.2 Impact on Customers' Output & Strategies to Resume/Improve Production
4.3.2.1 Impact on Customers' Revenues
4.3.2.2 Customer's Most Impacted Regions
4.3.2.3 Short Term Strategies to Manage Cost Structure and Supply Chain
4.3.3 New Market Opportunities/Growth Opportunities
4.3.3.1 Measures Taken by Customers
4.3.3.2 Customers Perspective on Growth Outlook

5 Impact of Covid-19 on Medical Tubing Companies
5.1 Biggest Gainers, by Top Applications
5.1.1 Drug Delivery System
5.1.1.1 Implantables and Injectables
5.1.1.2 Increased Use of Silicone
5.1.2 Catheters and Cannulas
5.1.2.1 Materials for Cardiovascular, Invasive, and Urinal Application
5.2 Moderate Gainers, by Top Applications
5.2.1 Dialysis & Intravenous
5.2.2 Pump Tubes
5.2.3 Gas Tubes
5.3 Biggest Gainers, by Top Material
5.3.1 Fluoropolymer
5.3.1.1 Polytetrafluoroethylene (PTFE)
5.3.1.2 Fluorinated Ethylene Propylene (FEP)
5.3.1.3 Ethylene Tetrafluoroethylene (ETFE)
5.3.2 PVC
5.3.3 Silicone
5.4 Moderate Gainers, by Top Material
5.4.1 Polyesters
5.5 Biggest Gainers, by Top Companies
5.6 Moderate Gainers, by Top Companies

6 Impact of Covid-19 on Short-Term Strategies of Medical Tubing Companies
6.1 Impact on Medical Tubing Companies Portfolio
6.1.1 Product
6.1.2 Application
6.1.3 Geographical
6.2 Winning Strategies to Gain Market Share
6.2.1 Short Term Strategies
6.2.2 Mid-Term Strategies
6.2.3 Long-Term Strategies

7 Business Implications of Covid-19 on Medical Tubing Market
7.1 Product Type
7.1.1 PVC
7.1.2 TPU & TPE
7.1.3 Silicone
7.1.4 Polyolefin
7.1.5 Others
7.2 Medical Tubing Market, by Application
7.2.1 Bulk Disposable Tubing
7.2.2 Catheters & Cannulas
7.2.3 Drug Delivery Systems
7.2.4 Special Applications
7.3 Medical Tubing Market, by Geography
7.3.1 US
7.3.2 Canada
7.3.3 China
7.3.4 Japan
7.3.5 Germany
7.3.6 Italy
7.3.7 France
7.3.8 UK
7.3.9 Brazil

8 Appendix
8.1 Knowledge Store: Subscription Portal
8.2 Available Customizations
8.3 Related Reports
8.3.1 Ongoing Reports:
8.3.2 Upcoming Reports:
8.4 Author Details

Companies Mentioned

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