Medical Tubing Market Anticipated to Witness a Robust Growth with a CAGR of 9.0% by 2027 | MarketsandMarkets™
Verfasser: ashwani_kailiya on Thursday, 28 October 2021The global medical tubing market is estimated to grow from USD 6.10 billion in 2017 to USD 15.62 billion by 2027, at a CAGR of 9.0% from 2017 to 2027. Growing awareness and government initiatives to provide high-quality healthcare facilities ultimately drives the medical tubing market globally. Medical tubes are inserted in many medical devices, such as catheters & cannulas, peristaltic pumps, and others. These tubes have exceptional mechanical, thermal, and chemical properties, and are used in a wide range of minimally invasive critical applications, such as cardiovascular catheters, stent delivery systems, urological retrieval devices, and drug delivery systems. These factors ultimately increase the demand for medical tubing globally.
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Market Dynamics Driver: Shift toward minimally invasive medical procedures