Market Overview:
The global medical heat shrinkable tubing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and the rising number of surgical procedures. In addition, the growing use of medical heat shrinkable tubing in endoscopy and other applications is also contributing to the growth of this market. On the basis of type, fluoropolymer medical heat shrinkable tubing is expected to account for a major share of the global medical heat shrinkable tubing market during the forecast period. This can be attributed to its superior properties such as chemical resistance, high temperature resistance, and low smoke generation.
Product Definition:
Medical Heat Shrinkable Tubing is a thermoplastic tubing that shrinks in diameter when heated. It is often used to tightly secure medical devices or tubing in place. The tubing can also be used to create a watertight seal around an opening.
Fluoropolymer Medical Heat Shrinkable Tubing:
Fluoropolymer medical heat shrinkable tubing is a type of medical-grade polyvinylidene fluoride (PVDF) that exhibits excellent chemical resistance, high tensile strength, and good flexibility at low temperatures. Fluoropolymer medical heat shrinkable tubing is used in various applications including catheters, bloodlines, central venous pressure monitoring lines (CVPMLs), suture removal devices & accessories and peripheral intravenous cannula.
Polyolefin Medical Heat Shrinkable Tubing:
Polyolefin (POF) is a polymer, which contains multiple olefin repeat units. It has high resistance to solvents and acids, excellent dimensional stability under pressure and temperature, low moisture absorption property and it can be sterilized easily.
Application Insights:
Electrosurgical instruments were the leading application segment in the global medical heat shrinkable tubing market and accounted for over 30.0% of the revenue share in 2017. The demand is expected to be driven by an increase in number of laparoscopic surgeries, especially endometrial ablation procedures which require electric current for complete sterilization.
The other applications include medical components and devices as well as insulating laparoscope instruments among others. The demand is expected to be driven majorly by an increase in number of diagnostic procedures involving abdominal organs such as liver, kidney, gallbladder etc., across various regions coupled with a rise in per capita income levels across countries such as China, India and Brazil among others where majority of these surgeries are performed due to low cost compared to western countries.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. High adoption of advanced technologies, availability of skilled professionals and high healthcare expenditure are some factors responsible for maintaining this dominance. In addition, increasing demand for minimally invasive surgeries and rising awareness about alternative methods of surgery are also contributing towards growth in this region.
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period owing to various factors such as improving healthcare infrastructure & facilities along with growing medical tourism industry due to low cost of treatment in countries like India and China as compared to developed nations like U.S., UK, Germany etc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for medical heat shrinkable tubing is expected to grow at a CAGR of 7.5% during the forecast period. One of the key growth drivers for this market is the increasing demand for minimally invasive surgeries, which require smaller incisions and result in less pain and scarring than traditional surgery. Heat shrinkable tubing helps to seal these small incisions, preventing leakage of blood or other fluids from the surgical site.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, diabetes, and heart disease is rising rapidly, leading to an increase in the number of surgical procedures performed each year. This is driving demand for medical heat shrinkable tubing as it helps to reduce post-operative complications and improve patient outcomes.
- Growing use of disposable devices: A growing trend in healthcare is towards using disposable devices rather than reusable ones in order to minimize the risk of infection transmission between patients. Heat shrinkable tubing plays an important role in this trend by helping to create a sterile barrier around medical devices that come into contact with bodily fluids or tissues during surgery or other treatments..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Heat Shrinkable Tubing Market Research Report
By Type
Fluoropolymer Medical Heat Shrinkable Tubing, Polyolefin Medical Heat Shrinkable Tubing
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, TE Connectivity, 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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Medical Heat Shrinkable Tubing Market Report Segments:
The global Medical Heat Shrinkable Tubing market is segmented on the basis of:
Types
Fluoropolymer Medical Heat Shrinkable Tubing, Polyolefin Medical Heat Shrinkable Tubing
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
- TE Connectivity
- Polyflon Technology
- Gremtek
- Parker Hannifin Corporation
- Adtech Polymer Engineering
- Vesta ( Lubrizol)
Highlights of The Medical Heat Shrinkable Tubing 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 Tubing
- Polyolefin Medical Heat Shrinkable Tubing
- 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 Tubing 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?
Medical heat shrinkable tubing is a type of tubing that can be shrunk down to a very small size in order to fit through small spaces. This type of tubing is often used in medical settings, such as hospitals, because it is able to withstand high temperatures and pressure.
Some of the major players in the medical heat shrinkable tubing market are TE Connectivity, Insultab, Nordson, Zeus, Teleflex Incorporated, Qualtek, Sumitomo Electric, NELCO, Cobalt Polymers, Junkosha, TE Connectivity, Polyflon Technology, Gremtek, Parker Hannifin Corporation, Adtech Polymer Engineering, Vesta ( Lubrizol).
The medical heat shrinkable tubing 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 Tubing 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 Tubing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Heat Shrinkable Tubing 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 Tubing 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 Tubing Market Size & Forecast, 2018-2028
4.5.1 Medical Heat Shrinkable Tubing Market Size and Y-o-Y Growth
4.5.2 Medical Heat Shrinkable Tubing Market Absolute $ Opportunity
Chapter 5 Global Medical Heat Shrinkable Tubing 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 Tubing Market Size Forecast by Type
5.2.1 Fluoropolymer Medical Heat Shrinkable Tubing
5.2.2 Polyolefin Medical Heat Shrinkable Tubing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Heat Shrinkable Tubing 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 Tubing 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 Tubing 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 Tubing 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 Tubing Analysis and Forecast
9.1 Introduction
9.2 North America Medical Heat Shrinkable Tubing 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 Tubing Market Size Forecast by Type
9.6.1 Fluoropolymer Medical Heat Shrinkable Tubing
9.6.2 Polyolefin Medical Heat Shrinkable Tubing
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 Tubing 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 Tubing Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Heat Shrinkable Tubing 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 Tubing Market Size Forecast by Type
10.6.1 Fluoropolymer Medical Heat Shrinkable Tubing
10.6.2 Polyolefin Medical Heat Shrinkable Tubing
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 Tubing 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 Tubing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Heat Shrinkable Tubing 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 Tubing Market Size Forecast by Type
11.6.1 Fluoropolymer Medical Heat Shrinkable Tubing
11.6.2 Polyolefin Medical Heat Shrinkable Tubing
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 Tubing 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 Tubing Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Heat Shrinkable Tubing 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 Tubing Market Size Forecast by Type
12.6.1 Fluoropolymer Medical Heat Shrinkable Tubing
12.6.2 Polyolefin Medical Heat Shrinkable Tubing
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 Tubing 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 Tubing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Heat Shrinkable Tubing 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 Tubing Market Size Forecast by Type
13.6.1 Fluoropolymer Medical Heat Shrinkable Tubing
13.6.2 Polyolefin Medical Heat Shrinkable Tubing
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 Tubing 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 Tubing Market: Competitive Dashboard
14.2 Global Medical Heat Shrinkable Tubing 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 TE Connectivity
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)
