The global medical tubing packaging market has witnessed tremendous growth in the past, owing to greater demand for minimally invasive surgical techniques, globally. The medical tubing packaging market stood at US$ 4,119.2 Mn in 2017, and is forecast to register a CAGR of 6.4% during 2018 – 2026. The medical tubing packaging market is estimated to be valued at US$ 7,208.8 Mn, by the end of the forecast period.
Medical tubing packaging is a category of healthcare packaging which refers to tubing that meets certain medical standards, and can be used for a variety of medical and pharmaceutical applications. The manufacturing process for medical tubing packaging must comply with Good Manufacturing Practice (GMP) and Current Good Manufacturing Practice (cGMP).
Performance of medical tubing packaging depends largely on the type of material being used, which in turn depends on the application. For instance, silicone tubing is considered as one of the finest and most efficient, due to the high resistance of Silicone to extreme temperature changes. However, silicone tubing is not recommended for implantable/in-body applications or in treatments which require continuous steaming.
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The global medical tubing packaging market is likely to benefit from an increased aged population leading to high prevalence of urinary incontinence. It is forecast that around 20% of the global population would be above the age of 60 years, by the year 2050. Urinary disorders such as urinary incontinence, urinary retention etc., particularly post-prostate gland surgery, are prevalent in the global elderly population.
The growing demand for medical devices requiring minimally invasive surgical techniques is also likely to play a pivotal role in growth of the global medical tubing packaging market. Challenges associated with medical tubing packaging are expected to be a hindrance to market growth.
The global medical tubing packaging market might experience sluggish growth due to high preference for manual labor in medical tubing packaging assembly. There are special requirements associated with the adoption of automated machinery for medical tubing packaging assembly, wherein, changes in wind radius of tubes from one end of the reel to another must be accounted for.
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