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Plastic Fittings and Tubing for Pharmaceutical and Medical Market Size

  • Report ID: GMI12086
  • Published Date: Nov 2024
  • Report Format: PDF

Plastic Fittings and Tubing for Pharmaceutical and Medical Market Size

The global plastic fittings and tubing for pharmaceutical and medical market was valued at USD 7.17 billion in 2023 and is estimated to grow at a CAGR of over 6.1% from 2024 to 2032, due to the growing demand for disposable medical devices. Concerns about infection control and cross-contamination are leading healthcare facilities to prefer single-use medical devices. These devices, like IV sets, catheters, and drug delivery systems, often use plastic fittings and tubing, which provide safe and sterile solutions that reduce patient risk.

 

Additionally, advancements in biopharmaceuticals are further driving growth in the global plastic fittings and tubing market for Pharmaceuticals and medicine. The biopharmaceutical sector's focus on complex biologics, vaccines, and personalized medicines has increased the need for sterile, contamination-free fluid handling systems. Plastic fittings and tubing are essential for maintaining sterile conditions during drug production and transfer. They offer flexibility, chemical resistance, and are often designed for single-use applications. As biopharmaceutical production expands to meet global healthcare demands, the need for high-quality plastic components that meet strict safety and regulatory standards grows, driving innovation and market growth.
 

 

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for plastic fittings and tubing for pharmaceutical and medical was reached USD 7.17 billion in 2023 and is estimated to grow at a 6.1% CAGR from 2024 to 2032, driven by the increasing demand for disposable medical devices.

The plastic tubing segment generated USD 4.01 billion in 2023 and is anticipated to reach around USD 6.86 billion during 2024 to 2032, owing to its flexibility, durability, and ease of customization.

Hospitals and clinics accounted for around 36% of the market share in 2023 and is expected to grow at a 6.4% CAGR through 2032, led by their extensive use of disposable and single-use medical devices.

The U.S. market for plastic fittings and tubing market for pharmaceutical and medical sectors crossed USD 2.45 billion in 2023 and is estimated to grow at a 6.6% CAGR from 2024 to 2032, supported by its advanced and comprehensive healthcare system.

Key players include AP Extrusion, Atlas Copco, Eldon James, Freudenberg Medical, Navtar, New Age Industries, Nordson, Parker Hannifin, Polymer Solutions, Qosina, Raumedic, Saint-Gobain Performance Plastics, Smiths Medical, Tekni-Plex, and Trelleborg.

Plastic Fittings and Tubing for Pharmaceutical and Medical Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 315
  • Countries covered: 18
  • Pages: 250
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