In their latest report titled – “Medical Tubing Packaging Market – Global Industry, Size, Share, Growth, Trends and Forecast, 2018–2026”, Transparency
Market Research (TMR) delivers key insights on the use of different
materials and processes used for medical tubing, along with various end
uses and applications. According to TMR, the global medical tubing packaging market
is projected to clock a CAGR of 6.4%, during 2018-26, which is
attributed to several factors, on which, the report provided thorough
insights and forecast. The Asia Pacific medical tubing packaging is
expected to take the cake in terms of CAGR.
Medical tubing is referred to as tubing
that complies with the set medical standards and is fit to be used for a
variety of medical and pharmaceutical applications. For the same,
medical tubing packaging manufacturing processes must comply with Good
Manufacturing Practice (GMP) and Current Good Manufacturing Practice
(cGMP) protocols.
TMR suggests that the increasing
prevalence of urinary incontinence is expected to be a key driving force
for growth of medical tubing packaging globally. Plastic has been found
to be the most widely used material for medical tubing packaging. Out
of several plastics, PP, PVC, TPE, and PA are expected to witness
maximum use for medical tubing packaging. These four plastics are
estimated to account for more than 70% of the global plastic medical
tubing packaging market by value.
Request a PDF Sample of Medical Tubing Packaging Market @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15419
The TMR study analyses the medical tubing
packaging market in several regions and focuses on the key dynamics
affecting the medical tubing packaging market, globally. It has been
observed that there has been a growth in the geriatric population across
the globe, leading to an increased prevalence of age-related ailments,
the treatment for which requires high performance medical tubing
packaging. Several urinary disorders such as urinary rotation, urinary
retention, and others are prevalent in the global aged population and is
expected to fuel demand for medical tubing packaging.
As the global aged population is poised to account for almost 1/5th
of the total population in the next three decades, there is expected to
be a surge in demand for medical tubing packaging, wherein, the
innovation will be in terms of the materials used to improve performance
and efficiency. TMR also states that growing demand for minimally
invasive surgical procedures is something to look out for in the next
eight years, as it will have a huge impact on the evolution of medical
tubing packaging requirements. Overall, in terms of materials used,
silicone is expected to witness growth in demand, especially in
demanding and long-term applications requiring utmost efficiency and
consumer convenience, such as urinary catheterization. One of the key
factors which might restrain growth in demand for silicone for medical
tubing packaging is its high cost.
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