The medical tubing market is expected to be worth $11.9 billion by 2025, according to an analysis from Grand View Research.
Grand View Research suggests the industry will expand at a revenue-based consumer annual growth rate of 9.2% over the next five years. Increased health expenditures from individuals and increased emphasis on healthcare by the government are expected to contribute to market growth.
Medical tubes in wound therapy, stent tubes and implant-grade tubes are projected to boost market growth because of their cost-effectiveness. Plastic tubes used in negative wound therapy that are used to remove infection materials and fluids are expected to see more demand over the forecasted period as well.