Rise in number of minimally invasive surgeries is propelling the growth of the medical tubing market

 

Medical tubing is usually more costly than other kinds of medical tubing, but it offers a great number of benefits, outside of the medical health care industry. For instance, medical tubing is often engineered to very thin diameters without sacrificing tubing wall thickness; many medical tubing manufacturers make multilayer tubes with reinforced molded into them. Additionally, medical tubing is sometimes used to serve as a component of another material, like the threaded insert, which can be used to serve a variety of purposes. Threaded inserts are often used in conjunction with medical tubing to create hollow tubes that are capable of storing and transporting smaller volumes of blood, like when a patient is undergoing catheterization, or during childbirth.

A growing number of a minimally invasive medical procedure such as stent delivery systems, cardiovascular catheters, and urological retrieval devices is predominantly propelling the growth of the medical tubing market. According to the American Society of Plastic Surgeons, in 2019, minimally invasive cosmetic procedures grew at a slightly higher rate than surgical procedures, and the total number of procedures increased for the third year in a row. 2019 marked the highest number of Botulinum toxin type A injections to date with over 7.69 million injections. The increasing availability of cost-effective medical-grade plastics coupled with the growing demand for medical devices that incorporate tubing are further projected to propel the growth of the medical tubing market. Moreover, growing awareness regarding hospital-acquired infections and the need to prevent such infections is again anticipated to uplift the growth of the market.

The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the increasing number of partnership among key manufacturer to develop innovative medical tubing device. For instance, in November 2020, Olympus Japan-based Company announces the launch of the Olympus Procedure Kits, in partnership with Ruhof Corporation, and Hybrid Tubing. These two new single-use and single-day devices reduce the chances for cross-contamination.

Key Developments:

1.   1. In July 2017, Navtar announced the launch of their tight tolerance microextruded medical tubing. They have produced this tubing for use in neurovascular interventional therapies (working with nerves and blood vessels) and for use in various surgical applications.

2.   2. In February 2020, Technomed, a subsidiary of Tecnoideal, has the DS-Vision, its most advanced solvent dispenser for the bonding of medical tubing, at the MD&M Trade Show in Anaheim, California

3.   3. In January 2021, Zeus Industrial Products, Inc. (Zeus), a polymer solutions provider and material science innovator announced that it has added braid and coil reinforced polyimide tubing to its medical device portfolio.