Medical Corrugated Tubing market – Industry Trends and Forecast to 2028

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The global medical corrugated tubing market was capitalized for USD 7,856.3 Million in 2021 and is estimated to reach USD 13,842.69 Million by the end of 2028, developing at a CAGR of over 9.1% during the forecast period 2021–2028.
  • Introduction

    The global medical corrugated tubing market was capitalized for USD 7,856.3 Million in 2021 and is estimated to reach USD 13,842.69 Million by the end of 2028, developing at a CAGR of over 9.1% during the forecast period 2021–2028.

    Medical corrugated tubing is used in numerous types of medical devices such as ventilators, respirators, and others. It is also used in devices for anesthesia and sleep apnea.  This corrugated tubing is used to allocate 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 propelling the demand for the medical corrugated tubing market.

    Medical corrugated tubing is a flexible metal tubing that is constructed from smooth, welded, or soldered tubing.  It is usually made of various materials such as stainless steel, steel, bronze, and others. In addition, there are a variety of alloys, particularly used for gases under pressure as well as explosive gases; often enclosed within a flexible braid.

    The growing prevalence of chronic respiratory diseases across the world is likely to be a primer driver for the market.  Chronic respiratory diseases refer to diseases of the airways as well as other structures of the lung. Asthma, chronic obstructive pulmonary disease (COPD), occupational lung diseases, and pulmonary hypertension are some of the common types of chronic respiratory diseases. Medical Corrugated Tubing is widely used in chronic respiratory diseases patients to supply gases in ventilators, respirators as well as devices for anesthesia and sleep apnea. For instance. According to an article published by the World Health Organization, in 2017, around 90% of chronic obstructive pulmonary disease deaths occur in low­ and middle-income countries. In addition, it also found that, in 2019, asthma affected an estimated 262 million people and caused 461000 deaths. Thus, an increasing number of chronic respiratory disease patients across the world are expected to boost the demand for medical corrugated tubing during the forecast period.

    During the Covid-19 pandemic, medical corrugated tubing is playing the important role in the medical and hospital industry. It is used in the distribution of medical gases in ambulatory surgical centres, critical access hospitals, hospitals, inpatient hospice, intermediate care facilities & others.

    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.

    Global Medical Corrugated Tubing Market Dynamics

    Driver

    • Increase in the incidences of chronic diseases
    • Increasing number of surgical procedures

    Restrain

    • Stringent regulatory policies

    Opportunities

    • Government initiative to expand public health systems in developing countries.
    • Technology Advancement in Medical Corrugated Tubing.

    Challenges

    • Significant investment and time required for product development

     Global Medical Corrugated Tubing Market Segmentation

    Global medical corrugated tubing market it is segmented into product and application. On the basis of product, the market is segmented in to plastic corrugated tubing and metal corrugated tubing. In 2020, plastic corrugated tubing segment is expected to dominate the market. It generated USD 5,089.7 million in 2021 and is projected to reach USD 7,945.9 million by 2026, growing at a CAGR of 9.3% from 2015 to 2026.On the basis of application, the market is segmented into ventilator, Anaesthesia machine, nebulizer & others. In 2020, ventilator segment is expected to dominate the market. It generated USD 4,686.5million in 2021 and is projected to reach USD 6678.3million by 2026, growing at a CAGR of 9.68% from 2015 to 2026.

    Global Medical Corrugated Tubing Market Regional Analysis

    On the regional basis, the medical corrugated Tubing market has been divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has been classified into the U.S. and Canada. Europe region has been divided into the UK, Italy, France, Germany, and the Rest of Europe. Asia-Pacific region has been bifurcated into, Japan, India, South Korea, China, and Rest of Asia-Pacific. In addition, the Latin America region has been segmented into Argentina, Brazil, Mexico, and the Rest of South America. The Middle East & Africa has been divided into GCC Countries, Africa, and the Rest of the Middle East.

    Global Medical Corrugated Tubing Market Competitive Landscape

    The major players in the medical corrugated tubing market are Cardinal Health, Vyaire Medical, GlobalMed Inc., Smooth Bor plastics, Biodex Medical Systems, Inc., OmegaFlex, Inc., Teleflex, Romax Hose, Pennine Healthcare and others.

    These companies are involved in collaborative agreements, expansion, acquisitions and product launch to mark their presence in the market. For instance, in December2019, the GlobalMed  (United States) and DH Wireless Company had announced their partnership  for enhanced telemedicine connectivity in remote areas. Hence, this partnership will partnerships will help to boost revenue growth of market.

    Key Segments

    Product

    • Plastic Corrugated Tubing
    • Metal Corrugated Tubing

    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

    Report Scope

    Report Attribute Details
    Market size value in 2020 USD 7,856.3 Million
    Market size value in 2026 USD 13,842.69 Million
    Growth Rate 9.1%
    Base year for estimation 2020
    Forecast period 2026
    Segments covered Type and Application
    Geographies covered North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
    Companies Covered Armstrong Medical, Biodex Medical, Cardinal Health, Corma, ElringKlinger, GlobalMed Inc, Limited, arang Medical Limited, OmegaFlex (MediTrac), Parker Hannifin, Pennine, Romax Hose, Shenzhen Xinxiangyu, Sinozenith Co., Smooth Bor plastics, Teleflexand others.

     Key Benefits for the Medical Corrugated TubingMarket

    • Our research reports help you understand the consumer behavior and hence assist you to understand the ongoing trend in the market.
    • Our reports give you a 360-degree view of the market assisting you to understand the exact factors that are driving the sales and the possible future changes in consumer tastes. It therefore helps you take informed business decisions.
    • We track the markets right from the research stage and thus offer highly information research findings
    • Our study is based on analysis by in-house team of analysts as well as data gathered by on-field consultants. We use proven survey methodology to find out the actual trends prevailing in the market. We also study and let you understand the factors behind the trending products, applications, technologies etc.
    • Our study reveals you the potential products that may gain traction in next 6 to 8 years. Staying informed of lucrative business opportunities help you stay prepared for the growth in demand for a product in near future.

    Frequently Asked Questions (FAQ):

    What is the size of the global medical corrugated tubing market?

    –The size of the global Medical Corrugated Tubing market in 2020 was $7,856.3 million.

    Who are the major companies operating in the global medical corrugated tubing market?

    – Prominent companies include Armstrong Medical, Biodex Medical, Cardinal Health,Corma, ElringKlinger, GlobalMed Inc,Limited, Narang Medical Limited and others.

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  • Table of Contents

    Chapter 1. Introduction
    1.1. Report description
    1.2. Key market segments
    1.3. Regional Scope
    1.4. Executive Summary

    Chapter 2. Research Methodology
    2.1. Secondary Research
    2.2. Primary Research
    2.3. Secondary Analyst Tools and Models

    Chapter 3. Market Dynamics
    3.1. Market driver analysis
    3.1.1 Increase in the incidences of chronic diseases
    3.1.2 Increasing number of surgical procedures
    3.2. Market restraint analysis
    3.2.1. Stringent regulatory policies
    3.3. Market Opportunity
    3.3.1 Government initiative to expand public health systems in developing countries
    3.3.2 Technology Advancement in Medical Corrugated Tubing.
    3.4. Market Challenges
    3.4.1. Significant investment and time required for product development
    3.5. Impact analysis of COVID-19 on the Ophthalmic Drug market

    Chapter 4. Market Variables and Outlook
    4.1. SWOT Analysis
    4.1.1. Strengths
    4.1.2. Weaknesses
    4.1.3. Opportunities
    4.1.4. Threats
    4.2. Supply Chain Analysis
    4.3. PESTEL Analysis
    4.3.1. Political Landscape
    4.3.2. Economic Landscape
    4.3.3. Social Landscape
    4.3.4. Technological Landscape
    4.3.5. Environmental Landscape
    4.3.6. Legal Landscape
    4.4. Porter’s Five Forces Analysis
    4.4.1. Bargaining Power of Suppliers
    4.4.2. Bargaining Power of Buyers
    4.4.3. Threat of Substitute
    4.4.4. Threat of New Entrant
    4.4.5. Competitive Rivalry

    Chapter 5. Medical Corrugated Tubing Market: Type Estimates & Trend Analysis
    5.1. Medical Corrugated Tubing Market value share and forecast, (2015 to 2027)
    5.2. Incremental Growth Analysis and Infographic Presentation
    5.2.1. Plastic Corrugated Tubing
    5.2.1.1. Market Size & Forecast, 2019-2026
    5.2.2. Metal Corrugated Tubing
    5.2.2.1. Market Size & Forecast, 2019-2026

    Chapter 6. Medical Corrugated Tubing Market: ApplicationEstimates & Trend Analysis
    6.1. Medical Corrugated Tubing Market value share and forecast, (2015 to 2027)
    6.2. Incremental Growth Analysis and Infographic Presentation
    6.2.1. Ventilator
    6.2.1.1. Market Size & Forecast, 2019-2026
    6.2.2. Aanaesthesia Machine
    6.2.2.1. Market Size & Forecast, 2019-2026
    6.2.3. Nebulizer
    6.2.3.1. Market Size & Forecast, 2019-2026
    6.2.4. Others
    6.2.4.1. Market Size & Forecast, 2019-2026

    Chapter 7. Medical Corrugated Tubing Market: Regional Estimates & Trend Analysis
    7.1. Medical Corrugated Tubing Market value share and forecast, (2015 to 2027)
    7.2. Incremental Growth Analysis and Infographic Presentation
    7.3. North America
    7.3.1.1. Market Size & Forecast, 2019-2026
    7.4. Europe
    7.4.1.1. Market Size & Forecast, 2019-2026
    7.5. Asia Pacific
    7.5.1.1. Market Size & Forecast, 2019-2026
    7.6. Central & South America
    7.6.1.1. Market Size & Forecast, 2019-2026
    7.7. Middle East & Africa (MEA)
    7.7.1.1. Market Size & Forecast, 2019-2026

    Chapter 8. Medical Corrugated Tubing Market: Country Estimates & Trend Analysis
    8.1. Medical Corrugated Tubing Market value share and forecast, (2015 to 2027)
    8.2. Incremental Growth Analysis and Infographic Presentation
    8.3. U.S.
    8.3.1.1. Market Size & Forecast, 2019-2026
    8.4. Canada
    8.4.1.1. Market Size & Forecast, 2019-2026
    8.5. Mexico
    8.5.1.1. Market Size & Forecast, 2019-2026
    8.6. UK
    8.6.1.1. Market Size & Forecast, 2019-2026
    8.7. France
    8.7.1.1. Market Size & Forecast, 2019-2026
    8.8. Germany
    8.8.1.1. Market Size & Forecast, 2019-2026
    8.9. Russia
    8.9.1.1. Market Size & Forecast, 2019-2026
    8.10. Italy
    8.10.1.1. Market Size & Forecast, 2019-2026
    8.11. Spain
    8.11.1.1. Market Size & Forecast, 2019-2026
    8.12. China
    8.12.1.1. Market Size & Forecast, 2019-2026
    8.13. India
    8.13.1.1. Market Size & Forecast, 2019-2026
    8.14. Japan
    8.14.1.1. Market Size & Forecast, 2019-2026
    8.15. Indonesia
    8.15.1.1. Market Size & Forecast, 2019-2026
    8.16. South Korea
    8.16.1.1. Market Size & Forecast, 2019-2026
    8.17. Australia
    8.17.1.1. Market Size & Forecast, 2019-2026
    8.18. Brazil
    8.18.1.1. Market Size & Forecast, 2019-2026
    8.19. Argentina
    8.19.1.1. Market Size & Forecast, 2019-2026
    8.20. Saudi Arabia
    8.20.1.1. Market Size & Forecast, 2019-2026
    8.21. UAE
    8.21.1.1. Market Size & Forecast, 2019-2026
    8.22. South Africa
    8.22.1.1. Market Size & Forecast, 2019-2026

    Chapter 9. Competitive Landscape
    9.1. Company Market Share Analysis
    9.2. Vendor Landscape
    9.3. Competition Dashboard

    Chapter 10. Company Profiles
    10.1. Business Overview, Product Landscape, Financial Performance and Company Strategies for below companies
    10.1.1. Armstrong Medical
    10.1.1.1. Company Overview
    10.1.1.2. Financial Performance
    10.1.1.3. Product Benchmarking
    10.1.1.4. Geographic Footprint
    10.1.1.5. Strategic Initiatives
    10.1.2. Biodex Medical
    10.1.2.1. Company Overview
    10.1.2.2. Financial Performance
    10.1.2.3. Product Benchmarking
    10.1.2.4. Geographic Footprint
    10.1.2.5. Strategic Initiatives
    10.1.3. Cardinal Health
    10.1.3.1. Company Overview
    10.1.3.2. Financial Performance
    10.1.3.3. Product Benchmarking
    10.1.3.4. Geographic Footprint
    10.1.3.5. Strategic Initiatives
    10.1.4. Corma
    10.1.4.1. Company Overview
    10.1.4.2. Financial Performance
    10.1.4.3. Product Benchmarking
    10.1.4.4. Geographic Footprint
    10.1.4.5. Strategic Initiatives
    10.1.5. ElringKlinger
    10.1.5.1. Company Overview
    10.1.5.2. Financial Performance
    10.1.5.3. Product Benchmarking
    10.1.5.4. Geographic Footprint
    10.1.5.5. Strategic Initiatives
    10.1.6. GlobalMed Inc
    10.1.6.1. Company Overview
    10.1.6.2. Financial Performance
    10.1.6.3. Product Benchmarking
    10.1.6.4. Geographic Footprint
    10.1.6.5. Strategic Initiatives
    10.1.7. Narang Medical Limited
    10.1.7.1. Company Overview
    10.1.7.2. Financial Performance
    10.1.7.3. Product Benchmarking
    10.1.7.4. Geographic Footprint
    10.1.7.5. Strategic Initiatives
    10.1.8. OmegaFlex
    10.1.8.1. Company Overview
    10.1.8.2. Financial Performance
    10.1.8.3. Product Benchmarking
    10.1.8.4. Geographic Footprint
    10.1.8.5. Strategic Initiatives
    10.1.9. Merivaara
    10.1.9.1. Company Overview
    10.1.9.2. Financial Performance
    10.1.9.3. Product Benchmarking
    10.1.9.4. Geographic Footprint
    10.1.9.5. Strategic Initiatives
    10.1.10. Parker Hannifin
    10.1.10.1. Company Overview
    10.1.10.2. Financial Performance
    10.1.10.3. Product Benchmarking
    10.1.10.4. Geographic Footprint
    10.1.10.5. Strategic Initiatives
    10.1.11. Others

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    • Armstrong Medical
    • Biodex Medical
    • Cardinal Health
    • Corma
    • ElringKlinger
    • GlobalMed In,
    • Arang Medical Limited
    • OmegaFlex (MediTrac)
    • Parker Hannifin
    • Pennine
    • Romax Hose
    • Shenzhen Xinxiangyu
    • Sinozenith Co.
    • Smooth Bor plastics
    • Teleflex and others.
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