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Medical Tubing Market to Reach USD 19.64 Billion by 2031, at a CAGR of 7.9% — MarketsandMarkets™

globenewswire.com
LZ The Lubrizol Corporation is identified as a leading player in the medical tubing market, which is projected to grow significantly. The article's positive outlook on the market suggests a favorable environment for Lubrizol's involvement. NDSN Nordson Corporation is mentioned as a key participant in the medical tubing market, focusing on advanced materials and precision technologies. The article's overall positive outlook on the market growth benefits companies like Nordson. TE TE Connectivity is listed as a key participant in the medical tubing market, with a focus on advanced materials and precision technologies. The article's positive market growth forecast implies a beneficial environment for TE Connectivity. RMD RAUMEDIC is noted as a key participant in the medical tubing market, focusing on advanced materials and precision technologies. The article's positive forecast for market growth suggests a favorable environment for RAUMEDIC. TKR Teknor Apex is listed as a key participant in the medical tubing market, focusing on advanced materials and precision technologies. The article's positive outlook on market growth implies a beneficial context for Teknor Apex.

Medical Tubing Market to Reach USD 19.64 Billion by 2031, at a CAGR of 7.9% — MarketsandMarkets™ Medical Tubing Market , Aug. 19, 2026 (GLOBE NEWSWIRE) -- The global Medical Tubing Market is projected to grow from USD 13.40 billion in 2026 to USD 19.64 billion by 2031, at a CAGR of 7.9% during the forecast period. Growth is driven by increasing demand for advanced medical devices, the rising adoption of minimally invasive procedures, growing preference for single-use and disposable medical products, and expanding pharmaceutical and biotechnology industries.

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Key Market Highlights

Why This Market Matters

Medical tubing is critical for fluid management, drug delivery, catheters, minimally invasive procedures, and biopharmaceutical applications. Its flexibility, biocompatibility, durability, and sterilization compatibility make it an essential component of modern medical devices.

Market Overview

The market is expanding alongside healthcare infrastructure, medical device manufacturing, and demand for minimally invasive treatments. Advances in specialty polymers, extrusion technologies, multi-layer tubing, and smart tubing are creating new opportunities.

Analyst Perspective

The shift toward multi-layer co-extruded, braided, and specialty polymer tubing, combined with smart and antimicrobial material technologies, is expected to reshape medical tubing applications. Rising healthcare investments in emerging economies will further support market growth.

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Segment Analysis

Regional Analysis

North America accounted for the largest share in 2026, supported by advanced healthcare infrastructure, high healthcare spending, and a strong medical device manufacturing base. Asia Pacific is expected to be the fastest-growing region, driven by expanding healthcare infrastructure, rising medical device manufacturing, and increasing healthcare expenditure.

Key Industry Trends

Competitive Landscape

Saint-Gobain, Freudenberg Medical, W. L. Gore & Associates, and The Lubrizol Corporation are identified as leading players, supported by strong product portfolios and market presence. Other key participants include Nordson Corporation, TE Connectivity, Elkem, Trelleborg, RAUMEDIC, and Teknor Apex, focusing on advanced materials, precision tubing technologies, capacity expansion, and strategic partnerships.

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