Market Overview:
The global medical heat shrinkable tube market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for minimally invasive surgeries and rising number of surgical procedures. In addition, the growing use of medical devices and components in endoscopy procedures is also contributing to the growth of this market. Based on type, fluoropolymer medical heat shrinkable tubes are expected to dominate the market during the forecast period. This can be attributed to their properties such as chemical resistance, high temperature resistance, and low smoke generation that make them suitable for use in various applications including electrosurgical instruments, medical components and devices, insulating laparoscope instruments, and others.
Product Definition:
Medical Heat Shrinkable Tube is a specially designed polymer tube that shrinks in size when exposed to heat. This shrinkage tightly seals the open end of the tube, providing a watertight seal that can be used to protect medical devices or components from moisture and contamination. The importance of Medical Heat Shrinkable Tube lies in its ability to create a watertight seal, which helps protect medical devices or components from moisture and contamination.
Fluoropolymer Medical Heat Shrinkable Tube:
Fluoropolymer medical heat shrinkable tube is a kind of plastic material, which has high resistance to chemicals and temperature. It can be used as an insulating medium in various electrical appliances such as X-ray machines, defibrillators, and surgical devices. Fluoropolymer medical heat shrinkable tubes are also used for storing cryogenics such as liquid nitrogen and liquid hydrogen.
Polyolefin Medical Heat Shrinkable Tube:
Polyolefin (POF) is a type of polymers and it is produced from olefins, which are derived from crude oil. POF has high resistance to solvents, acids & bases and heat. It also has low moisture absorption property. Polyolefin finds application in medical industry for manufacturing of heat shrinkable tubes used for surgical purposes as well as in the production of various medical devices such as catheters, cannula & syringes among others.
Application Insights:
Electrosurgical instruments were the largest application segment in the global medical heat shrinkable tube market and accounted for over 30.0% share of the total revenue in 2017. The growth of this segment is attributed to increasing number of laparoscopic surgeries across the globe. According to a study published by NCBI, around 6-8 million laparoscopic procedures are performed annually worldwide which accounts for less than 5% of all surgical procedures but has increased at a significant rate over recent years due to technological advancements and introduction of new products.
Medical components & devices was another prominent application segment accounting for close to 29.0% share owing to high demand from various end-use industries such as pharmaceuticals, food processing, biotechnology etc.
Regional Analysis:
North America dominated the global market in 2017 owing to high disposable income, sophisticated healthcare infrastructure, and increasing demand for minimally invasive surgeries. The region is expected to maintain its dominance over the forecast period due to growing medical device manufacturing industries. Europe accounted for a significant share of revenue in 2017 owing to rising demand from end-use industries such as surgical instruments and medical components & devices manufacturers.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to improving healthcare facilities with an increase in government spending on health care sector leading To a large number of patients seeking treatment at hospitals outpatient clinics and diagnostic centers resulting To higher sales volume of heat shrinkable tubes used during various surgical procedures especially Electrosurgical procedures which are majorly performed within outpatient settings thus positively influencing regional growth rate.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for medical heat shrinkable tubes is expected to grow at a CAGR of 7.5% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which require smaller incisions and result in less pain and scarring than traditional surgery.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, cardiovascular diseases, and diabetes is rising rapidly, leading to an increase in the number of surgical procedures performed each year. This is expected to drive the growth of the medical heat shrinkable tube market during the forecast period.
- Technological advancements: Heat shrinkable tubes are made from polymers that are heated and then shrunk around a cable or other object using an oven or hot air gun; this process permanently secures them in place without any adhesive tape or connectors needed afterwards (hence their name). Over time, manufacturers have developed new types of heat shrinkable tubes that offer better performance characteristics than traditional varieties; this has led to increased adoption among surgeons worldwide and is likely to drive market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Heat Shrinkable Tube Market Research Report
By Type
Fluoropolymer Medical Heat Shrinkable Tube, Polyolefin Medical Heat Shrinkable Tube
By Application
Electrosurgical Instruments, Medical Components and Devices, Insulating Laparoscope Instruments, Others
By Companies
TE Connectivity, Insultab, Nordson, Zeus, Teleflex Incorporated, Qualtek, Sumitomo Electric, NELCO, Cobalt Polymers, Junkosha, Yun Lin Electronic, Polyflon Technology, Gremtek, Parker Hannifin Corporation, Adtech Polymer Engineering, Vesta ( Lubrizol)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Medical Heat Shrinkable Tube Market Report Segments:
The global Medical Heat Shrinkable Tube market is segmented on the basis of:
Types
Fluoropolymer Medical Heat Shrinkable Tube, Polyolefin Medical Heat Shrinkable Tube
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electrosurgical Instruments, Medical Components and Devices, Insulating Laparoscope Instruments, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TE Connectivity
- Insultab
- Nordson
- Zeus
- Teleflex Incorporated
- Qualtek
- Sumitomo Electric
- NELCO
- Cobalt Polymers
- Junkosha
- Yun Lin Electronic
- Polyflon Technology
- Gremtek
- Parker Hannifin Corporation
- Adtech Polymer Engineering
- Vesta ( Lubrizol)
Highlights of The Medical Heat Shrinkable Tube Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fluoropolymer Medical Heat Shrinkable Tube
- Polyolefin Medical Heat Shrinkable Tube
- By Application:
- Electrosurgical Instruments
- Medical Components and Devices
- Insulating Laparoscope Instruments
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Heat Shrinkable Tube Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical heat shrinkable tube is a type of medical tubing that can be shrunk down to a very small size in order to prevent it from becoming damaged or ruptured. This type of tubing is often used in hospitals and other health care facilities, as it is able to withstand high levels of heat and pressure.
Some of the key players operating in the medical heat shrinkable tube market are TE Connectivity, Insultab, Nordson, Zeus, Teleflex Incorporated, Qualtek, Sumitomo Electric, NELCO, Cobalt Polymers, Junkosha, Yun Lin Electronic, Polyflon Technology, Gremtek, Parker Hannifin Corporation, Adtech Polymer Engineering, Vesta ( Lubrizol).
The medical heat shrinkable tube market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Heat Shrinkable Tube Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Heat Shrinkable Tube Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Heat Shrinkable Tube Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Heat Shrinkable Tube Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Heat Shrinkable Tube Market Size & Forecast, 2018-2028
4.5.1 Medical Heat Shrinkable Tube Market Size and Y-o-Y Growth
4.5.2 Medical Heat Shrinkable Tube Market Absolute $ Opportunity
Chapter 5 Global Medical Heat Shrinkable Tube Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Heat Shrinkable Tube Market Size Forecast by Type
5.2.1 Fluoropolymer Medical Heat Shrinkable Tube
5.2.2 Polyolefin Medical Heat Shrinkable Tube
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Heat Shrinkable Tube Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Heat Shrinkable Tube Market Size Forecast by Applications
6.2.1 Electrosurgical Instruments
6.2.2 Medical Components and Devices
6.2.3 Insulating Laparoscope Instruments
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Heat Shrinkable Tube Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Heat Shrinkable Tube Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Heat Shrinkable Tube Analysis and Forecast
9.1 Introduction
9.2 North America Medical Heat Shrinkable Tube Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Heat Shrinkable Tube Market Size Forecast by Type
9.6.1 Fluoropolymer Medical Heat Shrinkable Tube
9.6.2 Polyolefin Medical Heat Shrinkable Tube
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Heat Shrinkable Tube Market Size Forecast by Applications
9.10.1 Electrosurgical Instruments
9.10.2 Medical Components and Devices
9.10.3 Insulating Laparoscope Instruments
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Heat Shrinkable Tube Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Heat Shrinkable Tube Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Heat Shrinkable Tube Market Size Forecast by Type
10.6.1 Fluoropolymer Medical Heat Shrinkable Tube
10.6.2 Polyolefin Medical Heat Shrinkable Tube
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Heat Shrinkable Tube Market Size Forecast by Applications
10.10.1 Electrosurgical Instruments
10.10.2 Medical Components and Devices
10.10.3 Insulating Laparoscope Instruments
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Heat Shrinkable Tube Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Heat Shrinkable Tube Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Heat Shrinkable Tube Market Size Forecast by Type
11.6.1 Fluoropolymer Medical Heat Shrinkable Tube
11.6.2 Polyolefin Medical Heat Shrinkable Tube
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Heat Shrinkable Tube Market Size Forecast by Applications
11.10.1 Electrosurgical Instruments
11.10.2 Medical Components and Devices
11.10.3 Insulating Laparoscope Instruments
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Heat Shrinkable Tube Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Heat Shrinkable Tube Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Heat Shrinkable Tube Market Size Forecast by Type
12.6.1 Fluoropolymer Medical Heat Shrinkable Tube
12.6.2 Polyolefin Medical Heat Shrinkable Tube
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Heat Shrinkable Tube Market Size Forecast by Applications
12.10.1 Electrosurgical Instruments
12.10.2 Medical Components and Devices
12.10.3 Insulating Laparoscope Instruments
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Heat Shrinkable Tube Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Heat Shrinkable Tube Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Heat Shrinkable Tube Market Size Forecast by Type
13.6.1 Fluoropolymer Medical Heat Shrinkable Tube
13.6.2 Polyolefin Medical Heat Shrinkable Tube
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Heat Shrinkable Tube Market Size Forecast by Applications
13.10.1 Electrosurgical Instruments
13.10.2 Medical Components and Devices
13.10.3 Insulating Laparoscope Instruments
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Heat Shrinkable Tube Market: Competitive Dashboard
14.2 Global Medical Heat Shrinkable Tube Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TE Connectivity
14.3.2 Insultab
14.3.3 Nordson
14.3.4 Zeus
14.3.5 Teleflex Incorporated
14.3.6 Qualtek
14.3.7 Sumitomo Electric
14.3.8 NELCO
14.3.9 Cobalt Polymers
14.3.10 Junkosha
14.3.11 Yun Lin Electronic
14.3.12 Polyflon Technology
14.3.13 Gremtek
14.3.14 Parker Hannifin Corporation
14.3.15 Adtech Polymer Engineering
14.3.16 Vesta ( Lubrizol)
