Medical Extension Tube Market to Witness Major Growth by 2028 | Becton, Dickinson, Medtronic, Smiths Medical, Fresenius Kabi
Published Via 11Press : According to HTF MI, The Global Medical Extension Tube Market is predicted to develop at a compound annual growth rate (CAGR) of 8.7% between 2023 and 2028, reaching USD 5.2 billion in 2023 and USD 9.8 billion by 2028.
A medical extension tube is a flexible conduit used to connect medical devices and equipment for fluid transfer, such as intravenous treatment or catheterization. It acts as a conduit between the patient and the medical apparatus, enabling the supply of fluids or medications in a secure and practical manner. Medical extension tubes are utilized in a variety of contexts, including hospitals, clinics, ambulatory surgery centers, and home healthcare settings. The main market drivers are the increased prevalence of chronic illnesses and the rising desire for less invasive procedures. However, market barriers include stringent regulatory requirements and the risk of infection associated with tube usage. Opportunities exist in the creation of cutting-edge technology and materials for improved tube performance and patient comfort. Disposable extension tubes are being used more often on the market to prevent infection. The target markets for medical extension tubes are healthcare practitioners, medical device producers, and distributors.
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Key Players,
- Becton
- Dickinson, and Company
- Medtronic plc (Ireland)
- Smiths Medical
- Fresenius Kabi AG
- Vygon SA
- R. Bard, Inc.
- Nipro Corporation
- ConvaTec Group Plc
- Terumo Corporation
- Teleflex Incorporated
- Boston Scientific Corporation
- Cook Medical Inc
Market Drivers
- An ageing population and an increase in the prevalence of chronic illnesses are driving up demand for medical procedures and treatments involving the transfer of fluids, such as catheterization and intravenous therapy.
- Medical extension tubes, which are crucial for connecting to and providing fluids to medical equipment, are becoming more and more necessary due to the rise in the usage of minimally invasive procedures.
- Extension tubes are performing and being used more effectively thanks to developments in material technology and design, which improve patient safety and comfort.
Market Trend
- There are various trends in the market for medical extension tubes.
- The rising use of disposable extension tubes to boost infection control efforts is one obvious trend.
- By doing this, the chance of cross-contamination is decreased, and patient safety is guaranteed.
- To accommodate the various demands of medical professionals, another developing trend is the development of specialized extension tubes for certain medical procedures or devices.
- The emphasis is on adding technical elements to extension tubes, such as clamps or valves, to increase their utility and use.
Market Restraints
- Manufacturers confront difficulties as a result of strict regulatory requirements and rules, which might extend the time and cost of product development and clearance.
- A significant problem is the risk of infection associated with the use of extension tubes, underscoring the significance of properly upholding infection control guidelines.
- The need for medical extension tubes may be constrained by the availability of substitute fluid transfer methods or technologies, such as implanted devices or needleless systems.
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Medical Extension Tube Market Segmentation:
Market by Applications:
- Standard Extension Tubes
- IV Extension Tubes
- Catheter Extension Tubes
- Others
Market by Types:
- Intravenous Therapy
- Catheterization
- Enteral Feeding
- Others
Report Scope
| The Estimated market size in 2023 | USD 5.2 Billion |
| Revenue Estimate till 2033 | USD 9.8 Billion |
| Growth Rate | CAGR Of 8.7% |
| Regions Included | Europe, Latin America, the Middle East, and Africa, as well as the rest of the world, comprise North America. |
| Historic Periods | 2018-2022 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Year of Short-Term Projection | 2028 |
Competitive Environment:
The competitive environment of the industry is thoroughly investigated in addition to examining the profiles of the major competitors in the Medical Extension Tube market. Dickinson, and Company, Becton, Smiths Medical, C.R. Bard, Inc., Vygon SA, Nipro Corporation, Terumo Corporation, ConvaTec Group Plc, Teleflex Incorporated, Boston Scientific Corporation, and Cook Medical Inc. are a few of the participants covered.
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Key highlights of the report:
📝 Performance of the Medical Extension Tube Market (2018–2022)
📝 Market forecast for medical extension tubes from 2023 to 2028
📝 Market Trends for Medical Extension Tubes
📝 Market drivers and success factors for medical extension tubes
📝 SWOT Evaluation
📝 Chain Value Analysis
📝 Detailed Market Environment
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HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
[email protected]
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