Medical Tubing Market to Reach US$ 23.55 Billion by 2031, Driven by Smart Technology Integration and Growing Demand

Market Growth and Projections - The global medical tubing market is projected to grow from US$ 13.27 billion in 2023 to US$ 23.55 billion by 2031, at a CAGR of 7.4% [1] - The Medical Tubing market is expected to reach US$ 5.29 billion by 2031 from US$ 2.33 billion in 2023, with a CAGR of 10.7% from 2023 to 2031 [3] - Asia Pacific led the market in 2023 with a substantial revenue share and is expected to register the highest CAGR during the forecast period [8] Drivers of Market Growth - Increasing demand for advanced medical devices and integration of smart technologies in medical tubing [1] - Rising prevalence of chronic diseases such as cardiovascular disease, respiratory disease, and arthritis [4] - Increasing prevalence of acute conditions, including trauma, fractures, and injuries [5] - Technological advancements leading to new product launches in the Medical Tubing market [3][7] Applications and Innovations - Medical tubing is used in various applications including fluid management, drainage, anesthesiology, respiratory equipment, IV administration, catheters, peristaltic pumps, dialysis, feeding tubes, and biopharmaceutical laboratory equipment [2] - Medical tubes with advanced features such as biocompatibility and antimicrobial properties are expected to generate growth opportunities [2] - Innovations such as AI integration, wireless communication, and lightweight portable designs are enhancing the efficiency and convenience of medical tubing devices [14] Key Players and Product Launches - Major companies operating in the Medical Tubing market include Agfa-Gevaert Group, SEDECAL, IDETEC MEDICAL IMAGING, Koninklijke Philips N V, SternMed GmbH, DMS Imaging, Carestream Health Inc, INTERMEDICAL S r l, IMD Group, and DELFT IMAGINGOR Technology [12] - Recent product launches include Samsung's AccE GM85 Fit, Siemens Healthineers' Mobilett Impact, Fujifilm Europe's FDR CROSS, and Konica Minolta's AeroDR TX m01 [11] Market Segmentation - The Medical Tubing market is segmented by technology into computed radiography and direct radiography, with computed radiography holding a significant share in 2023 [17] - By configuration, the market is segmented into fixed arm and rotating arm, with the fixed-arm segment dominating in 2023 [17] - In terms of ward, the market is segmented into operating theaters, ICU and neonatal ICU, central X-ray departments, emergency departments, premature birth wards, and others, with operating theaters holding the largest share in 2023 [17] - Geographically, the market is segmented into North America, Europe, APAC, Middle East & Africa, and South & Central America [17]