Latest News - Medical Tubing Expander Market: Plastics are expected to lead the Material segment during 2024-2028

The Medical Tubing Expander Market is being driven by Increasing cases of COPD

The Medical Tubing Expander Market is expected to grow at a CAGR of 6.81% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1958.42 million. The medical tubing expander market is experiencing significant growth due to the increasing demand for personalized treatment solutions. Patients' unique requirements are driving the adoption of custom-designed medical tube expanders, which aim to enhance patient comfort, minimize complications, and optimize treatment outcomes. Major market players, such as Teleflex, are focusing on developing customized catheter solutions for specific patient profiles and medical conditions. For instance, Teleflex is producing specialized catheters for pediatric patients, ensuring secure and efficient medical treatments for this vulnerable population. This trend towards customization and personalization is expected to positively impact the expansion of the global medical tubing expander market throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Material
  • Plastics
  • Rubbers
  • Specialty polymers
• Application
  • Bulk disposable tubing
  • Catheters and cannulas
  • Drug delivery system
  • Special application
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Denmark
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing cases of COPD
• Upsurge in the geriatric population
• Growing demand for disposable tube-based medical devices

However, the market also witnesses some limitations, which are as follows:

• Stringent regulatory framework
• Increased relevance of alternate sources
• Issues with balancing cost-effective production with high-quality standards

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Market Scope in Medical Tubing Expander Market Research Report

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Research Analysis Overview

The Medical Tubing Expander Market encompasses a wide range of products used in various drug delivery systems, including catheters and cannulas, bulk disposable tubing, and medical gadgets. These tubing systems are manufactured using specialized polymers such as fluoropolymers, polycarbonates, polyvinyl chloride, polyolefins, silicone, and rubbers. The use of biocompatible tubing made from these plastics and rubbers is essential in ensuring the safe and effective delivery of fluids, gases, and medications. The aging population and the increasing prevalence of chronic diseases, such as cardiovascular diseases, urological diseases, and gastrointestinal diseases, have fueled the demand for medical tubing expanders. The market for medical tubing expanders is expected to grow significantly due to the increasing need for minimally invasive procedures and the development of new drug delivery systems. The use of specialty polymers and advanced manufacturing techniques enables the production of flexible tubing with improved durability, kink resistance, and biocompatibility. Clinicians rely on these tubing systems to ensure the reliable and efficient delivery of liquids, gases, and medications to patients, making them an essential component of modern healthcare.

Market Research Overview

The Medical Tubing Expander Market is a segment of the expansive Global Healthcare Equipment Market, according to Technavio's classification. This market encompasses businesses and innovators specializing in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are integral to the diagnosis, monitoring, and treatment of diverse diseases. Technavio estimates the size of the Global Healthcare Equipment Market by aggregating the revenue generated by manufacturers of diagnostic devices and equipment. The healthcare equipment sector is divided into the following segments: Devices, which incorporates advanced, differentiated, and clinically validated data-driven devices. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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