Global Medical Corrugated Tubing Market Projected to Reach Over USD 13,842.69 Million by the End Of 2026

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The global medical corrugated tubing market was capitalized for USD 7,856.3 Million in 2020 and is estimated to reach USD 13,842.69 Million by the end of 2026, developing at a CAGR of over 9.1% during the forecast period 2015–2026.

Based on geographical analysis, the global medical corrugated tubing market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. In 2020, North America is expected to dominate the market, due to technological advancement in the medical industry and the presence of various players operating in the market.

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OVERVIEW

Medical corrugated tubing is used in various types of medical devices such as respirators, ventilators and others. It is also used in devices for sleep apnea & anesthesia.  This corrugated tubing is used to distribute medical gases in hospitals, clinics and ambulatory service centers. An increase in the incidences of chronic diseases and the increasing usage of medical corrugated tubing in various applications such as a ventilator, anesthesia machine, nebulizer and others are playing an important role in driving the demand for the medical corrugated tubing market.

Some of the key players in the market are Armstrong Medical, Biodex Medical, Cardinal Health, Corma, ElringKlinger, GlobalMed Inc, Limited, Narang Medical Limited, OmegaFlex (MediTrac), Parker Hannifin, Pennine, Romax Hose, Shenzhen Xinxiangyu, Sinozenith Co., Smooth Bor plastics, Teleflex and others.

Based on geographical analysis, the global medical corrugated tubing market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. In 2020, North America is expected to dominate the market, due to technological advancement in the medical industry and the presence of various players operating in the market.

The increasing number of surgical procedures

A surgical technique that involves making an incision with instruments that are performed in a body to repair damage or treat disease. The world population is increasing, and the percentage of elderly people is increasing as well. This is a significant reason for the increase in the number of surgeries done per year around the world. According to the article published by the United Nation, in 2019, there were more than 703 million persons whose age is above 65 years. Furthermore, this number is expected to double to 1.5 billion in 2050.  Therefore, the number of surgeries is increasing due to the rapidly growing number of elderly people around the world, which is driving up the demand for medical corrugated tubing.

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“Medical Corrugated Tubing Market – By Type (Plastic Corrugated Tubing, Metal Corrugated Tubing), By Application (Ventilator, Anaesthesia Machine, Nebulizer, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Comprehensive Analysis, Forecast (2015-2026), Industry Perspective.”

The global Medical Corrugated Tubing market is segmented into:

By Type:

  • Plastic Corrugated Tubing
  • Metal Corrugated Tubing

By Application:

  • Ventilator
  • Anaesthesia Machine
  • Nebulizer
  • Others

By region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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