The Asia Pacific Medical Tubing Market would witness market growth of 8.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,147.16 kilo tonnes, showcasing a growth of 19.9% (2020-2023).
Drug delivery systems rely heavily on specialized medical tubing within the Market to facilitate accurate and efficient administration of medications to patients. These systems encompass a wide range of devices, including infusion pumps, catheters, and intravenous sets, all of which require tubing tailored to specific drug delivery needs. Thus, the China market would utilize 218.0 kilo tonnes of medical tubing in Drug delivery systems by 2031.
The China market dominated the Asia Pacific Medical Tubing Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,625.9 Million by 2031. The Japan market is exhibiting a CAGR of 8% during (2024 - 2031). Additionally, The India market would experience a CAGR of 9.3% during (2024 - 2031).
Tubing is a critical component of hemodialysis and peritoneal dialysis systems, which treat patients with kidney failure. Dialysis tubing makes it easier for blood or dialysate fluid to circulate through the dialysis machine, which enables the body to rid itself of extra fluid and waste materials. It is used in many diagnostic and monitoring devices, including intracranial pressure monitoring systems, pulse oximeters, and blood pressure cuffs. Tubing enables the transmission of physiological signals or fluids between the patient and the monitoring device for assessment and analysis.
Specialized tubing, such as negative pressure wound therapy (NPWT) systems, may be used in wound management applications. NPWT tubing facilitates the controlled application of negative pressure to the wound site, promoting healing and drainage of exudate. It is employed in laboratory settings for various applications, including sample collection, transfer, and analysis. Tubing may be used with chromatography systems, spectrophotometers, and automated liquid handling platforms.
Furthermore, several healthcare facilities, such as clinics, hospitals, diagnostic centers, and specialty care establishments, are expanding rapidly in India. As per Invest India, India’s healthcare industry is expanding at a rapid rate due to its expanding coverage, services, and rising expenditures by both public and private players. In FY17, the hospital industry in India was worth $ 61.79 billion, and it is projected to reach $ 132 billion by 2023. Telemedicine is the eHealth industry with the greatest growth potential in India, with a projected value of $5.40 billion by 2025. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
Free Valuable Insights: The Global Medical Tubing Market is Predict to reach USD 19.1 Billion by 2031, at a CAGR of 8.2%
Based on Application, the market is segmented into Bulk Disposable Tubing, Drug Delivery Systems, Catheters, Biopharmaceutical Laboratory Equipment, and Others. Based on Product Type, the market is segmented into Polyvinyl Chloride, Silicone, Polyolefins, Polyimide, Polycarbonates, Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Product Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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