Dublin, June 15, 2023 (GLOBE NEWSWIRE) -- The "FEP Heat Shrink Medical Tubing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global FEP Heat Shrink Medical Tubing Market to Reach $210.3 Million by 2030
In the changed post COVID-19 business landscape, the global market for FEP Heat Shrink Medical Tubing estimated at US$123.1 Million in the year 2022, is projected to reach a revised size of US$210.3 Million by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030. 1.6:1, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$134.8 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the 1.3:1 segment is readjusted to a revised 5.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $46.5 Million, While China is Forecast to Grow at 8.7% CAGR
The FEP Heat Shrink Medical Tubing market in the U.S. is estimated at US$46.5 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.9 Million by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
Select Competitors (Total 60 Featured)-
- Adtech Polymer Engineering Ltd
- APT Advanced Polymer Tubing GmbH by Masterflex Group
- ElringKlinger Kunststofftechnik GmbH
- Fluorotherm Polymers, Inc
- Gremtek SAS
- Junkosha Inc.
- Medical Extrusion Technologies Inc.
- Nordson Corporation
- Optinova
- Parker-Hannifin Corporation
- Polyflon Technology Ltd
- Polyfluor Plastics bv
- Shanghai Eco Polymer Sci. &Tech. Co., Ltd
- TE Connectivity Ltd.
- Tef-Cap Industries Inc.
- Teleflex Incorporated
- Zeus Industrial Products, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 357 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $123.1 Million |
| Forecasted Market Value (USD) by 2030 | $210.3 Million |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- A Prelude to FEB Heat Shrink Medical Tubing
- Impact of Covid-19 and Global Economic Update
- From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
- Here's How Inflationary Pressures Affect the Economy
- Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
- Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
- Here's What's Causing Inflationary Pressures in the Global Market
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- COVID-19 Impact on FEP Heat Shrink Medical Tubing Market
- Pandemic Disrupts Operations of Medical Equipment and Supplies Industry
- Elective Surgeries Negatively Impacted Amid COVID-19
- COVID-19 Induced YOY Decline in Heart Surgery Volumes in the US in 2020
- Competition
- FEP Heat Shrink Medical Tubing - Global Key Competitors Percentage Market Share in 2023 (E)
- FEP Heat Shrink Medical Tubing Competitor Market Share Scenario Worldwide (in %): 2022E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Prospects and Outlook
- Global FEP Heat Shrink Medical Tubing Market Set for Rapid Growth
- North America Constitutes the Largest Market, Asia-Pacific to Witness Fastest Growth
- What's Next for Medical Tubing and Catheter's Market
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Demand for Medical Plastics Propels Market Expansion
- Plastics-Based Medical Tubes Register Strong Demand
- Global Medical Tubing Market Revenues in US$ Billion for the Years 2018, 2020 and 2022
- Growing Demand for Microcatheters Spurs the Market for FEP Heat Shrink Tubing
- Increasing Aging Population Bodes Well for Growth of FEP Heat Shrink Medical Tubing Market
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Life Expectancy at Birth in Years of People in Select Countries for 2020E
- Surgical Procedure Volumes and Shift towards Minimal Invasive Surgeries: Significant Impact on FEP Heat Shrink Tubing Market
- Global Volume of Surgical Procedures (in Million) by Category: 2019
- Growth in the Number of Surgeries in the US (2010-2020) and 2001-2010 (in %)
- Number of Surgical Procedures (per 100,000 People) in Select Countries
- Rising Incidence of Chronic Diseases Drive Demand for FEP Heat Shrink Medical Tubing Market
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
- Rise in Healthcare Expenditure to Drive Growth
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
- Peelable HS Tubing Witnesses Rapid Growth
- Increasing Demand for Minimally Invasive Procedures Fuels Interest in Peelable Heat Shrink Tubing (PHST) Solutions
- Rising Demand for Heat Shrink Tubing to Drive Market Growth
- Polyolefin Heat Shrink Tubing Ranks Supreme
- Increasing Demand for FEP HS Sleeving in Medical Device Industry
- Miniaturization to Make Way for Future Advancements
- The Advancement of PHST to Next Generation
- Technological Advancements in the Heat Shrink Tubing Market
- Optinova Unveils FEP QuickShrink 2.0
- Ultra-miniature PHSTs Facilitate in More Precise Microsurgical Processes
- Automaton Processes to Help Tubing Manufacturers Automate their Processes for Increased Efficiencies (2022)
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ff3mkj
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