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COVID-19 to grow medical tubing market 13% by 2021

April 30, 2020 By Danielle Kirsh

tubing-market-2020-2021

[Image from Markets and Markets]

The COVID-19 pandemic is expected to grow the medical tubing industry by a little more than 13% by 2021, according to an analysis by 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.

Get the full story on our sister site, Medical Tubing + Extrusion.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
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    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
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