Global Surgical Tubing Market: Overview

The global surgical tubing market is set to demonstrate significant growth over the period of 2019 to 2027. The impressive CAGR (Compound Annual Growth Rate) that the market is set to chart will create lucrative growth opportunities for market worth. It will also pull up the market worth significantly.

While there are a number of growth factors, propelling the market on a high trajectory, the most prominent ones are rise in geriatric population and a marked shift towards medical procedures that are minimally invasive. Besides, governments are getting serious towards improving medical outcomes, particularly in developing economies.

Global Surgical Tubing Market: Competitive Landscape

The global surgical tubing market is witnessing developments that are not just shaping the competitive landscape but also determining how the market would operate over the coming years. A glimpse can be found below:

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The market has a decent number of players but mergers and acquisitions are creating a slightly more consolidated future. Key players in the global surgical tubing market are Zeus Industrial Products (US), Saint-Gobain Performance Plastics (France), Teleflex (US), Raumedic (Germany), Tekni-Plex (US), L.Gore & Associates (US), Kent Elastomer Products, Inc. (US), P. Extrusion (US), Freudenberg Group (Germany), Grayline (US), Microlumen (US), Polyzen (US).

 Global Surgical Tubing Market: Key Trends and Drivers

Certain factors are shaping the growth curve for global surgical tubing market. They are paving the way for how market would operate over the coming years. A glimpse is shared below.

  • An increase in geriatric population is driving growth in the global surgical tubing market. As per a recent study, by the end of 2050, one in six people in the world will be of the age 65 and over. The situation is more pronounced in Europe and North America where the number would be one in four. Already the year 2018 has witnessed the population of this age group surpass that of population aged 5 and less. This rising demographics of aged people will need healthcare facilities and this in turn, would help the global surgical tubing market to take to a higher trajectory.
  • World, over aging population is not the only growth factor observed in the global surgical tubing market. There is also a rise in chronic diseases. And, to fight the double issue of geriatric population and high incidence of chronic diseases, governments, particularly in developing economies are investing in medical infrastructure and insurance to help people afford healthcare when needed. To add on, as these economies do better, they create incomes that improve the standard of living of millions. As a result, there are more people willing to shell out money and thus, growth can be predicted in the global surgical tubing market.

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Global Surgical Tubing Market: Geographical Analysis

Region-wise, North America will hold prominence as it is home to countries which have one of the most robust infrastructure for healthcare – Canada and the United States. Beside, as mentioned earlier, it will see a spike in people aged 65 and above, followed by Europe. To add on people are more aware and focused on their well-being owing to high disposable incomes. It is pertinent to note here that Europe’s second largest share can also be attributed to presence of some of the most prominent players in the market landscape.

Another region that will be worth setting eyes on is the Asia Pacific (APAC). It will be the fastest growing market and will owe surge in demand owing to government efforts in improving healthcare infrastructure, and thus, outcomes. Besides, a rise in chronic diseases in the region will also contribute positively to the growth of global surgical tubes market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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Surgical Tubing Market

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