Medical Tubing Market Key Insights Top Players and 2023 Industry Trends

Published Date : 2024-Dec-16

The medical tubing market is evolving rapidly, driven by advancements in materials, manufacturing technologies, and rising healthcare demands worldwide. In 2023, this industry, valued at $13.1 billion, is poised for significant growth, with applications ranging from drug delivery to minimally invasive surgeries. This blog explores leading players like Saint-Gobain, Freudenberg Medical, and Zeus Industrial Products, shedding light on their innovative solutions, market strategies, and revenue performance. Dive into the trends shaping the future of medical tubing, including sustainability initiatives and the adoption of biocompatible materials, to understand this dynamic and essential healthcare sector.

In this blog, we explore some of the top companies leading in the diabetes care devices market, including: Asahi Tec Corp., Spectrum Plastics Group, ATAG SpA, Saint-Gobain, Bentec Medical, Trelleborg AB, MDC Industries, Nordson Corp., ZARYS International Group, Hitachi Cable America Inc., NewAge Industries, Inc., TE Connectivity, Freudenberg & Co. KG, MicroLumen, Inc., Optinova, Vanguard Products Corp. and Others.


 

According to a comprehensive study by Intellectual Market Insights Research, the Global Medical Tubing Market size was valued at USD 11.85 Billion in 2021 and is projected to reach USD 19.53 Billion by 2028, growing at a CAGR of 7% from 2021 to 2028.

Medical Tubing Market Size, Share & Trends Analysis Report By Product, By Application, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031.

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  1. Compagnie de Saint-Gobain S.A.

 

  • Founded: 1665
  • Headquarters: Courbevoie, France
  • Website: saint-gobain.com
  • About Us: A global manufacturer of innovative materials, including medical tubing, serving various industries.
  • Employees: 168,000
  • Revenue (2023): $51 billion

 

  1. Teleflex Incorporated

 

  • Founded: 1943
  • Headquarters: Wayne, Pennsylvania, USA
  • Website: teleflex.com
  • About Us: A provider of single-use medical devices for diagnostics and surgery.
  • Employees: 14,000
  • Revenue (2023): $3.1 billion

 

  1. Zeus Industrial Products, Inc.

 

  • Founded: 1966
  • Headquarters: Orangeburg, South Carolina, USA
  • Website: zeusinc.com
  • About Us: Leader in advanced polymer solutions, including medical tubing.
  • Employees: 2,000
  • Revenue: $400 million

 

  1. The Lubrizol Corporation

 

  • Founded: 1928
  • Headquarters: Wickliffe, Ohio, USA
  • Website: lubrizol.com
  • About Us: A Berkshire Hathaway company offering healthcare polymers and medical tubing solutions.
  • Employees: 8,000
  • Revenue (2023): $7 billion

 

  1. Nordson Corporation

 

  • Founded: 1954
  • Headquarters: Westlake, Ohio, USA
  • Website: nordson.com
  • About Us: Supplies precision dispensing equipment and medical tubing.
  • Employees: 8,200
  • Revenue (2023): $2.6 billion

 

  1. Smiths Group plc

 

  • Founded: 1851
  • Headquarters: London, UK
  • Website: smiths.com
  • About Us: Operates in medical technology and industrial markets, including tubing.
  • Employees: ~22,000
  • Revenue (2023): ~$3 billion

 

  1. Freudenberg Medical

 

  • Founded: 1849 (parent company Freudenberg Group)
  • Headquarters: Kaiserslautern, Germany
  • Website: freudenbergmedical.com
  • About Us: Provides high-performance medical tubing and solutions for minimally invasive devices.
  • Employees: 50,000
  • Revenue (2023): ~$12 billion?

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  1. Tekni-Plex, Inc.

 

  • Founded: 1967
  • Headquarters: Wayne, Pennsylvania, USA
  • Website: tekni-plex.com
  • About Us: Offers advanced medical tubing solutions alongside packaging for pharmaceuticals and devices.
  • Employees: 7,000
  • Revenue (2023): $1 billion?

 

  1. Raumedic AG

 

  • Founded: 2004
  • Headquarters: Helmbrechts, Germany
  • Website: raumedic.com
  • About Us: Specializes in extrusion, injection molding, and medical tubing systems.
  • Employees: 900
  • Revenue: $ 135 Million

 

  1. Elkem ASA

 

  • Founded: 1904
  • Headquarters: Oslo, Norway
  • Website: elkem.com
  • About Us: Produces specialty silicones, including medical-grade tubing materials.
  • Employees: 6,800
  • Revenue (2023): ~$4 billion USD?

 

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