[Image from Markets and Markets]
The U.S. medical tubing market is expected to be worth $2.9 billion in 2021, up from this year’s value of $2.6 billion. With a consumer annual growth rate of 13.2%, the market growth can be attributed to the growing demand for medical tubes for drug delivery, catheter and cannulas, bulk disposable tubing and other special applications.
Markets and Markets projects that the silicone tubing segment is estimated to have the highest market share during the forecast period. Silicone is used in drug-eluting applications because of its versatility and high dielectric strength.
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