Australia Medical Tubing Market To Exceed US$1 Billion By 2031 Driven By Rising Demand For Complex Medical Devices And Equipment
Australia Medical Tubing Market To Exceed US$1 Billion By 2031 Driven By Rising Demand For Complex Medical Devices And Equipment
Medical tubing is the lifeline for various complex medical devices and equipment, and the Australia medical tubing market is estimated to grow at the highest pace over the forecast period owing to the rising demand for advanced healthcare infrastructure and medical devices across Australia.

Medical tubing is the lifeline for various complex medical devices and equipment, and the Australia medical tubing market is estimated to grow at the highest pace over the forecast period owing to the rising demand for advanced healthcare infrastructure and medical devices across Australia. Medical tubing finds applications in drug delivery devices, respiratory devices, feeding pumps, catheters, and many others. Key advantages of using medical-grade tubing include flexibility, precision, convenience, versatility, and most importantly biocompatibility which is crucial for medical devices.

Australia Medical Tubing Market is estimated to be valued at US$ 599.47 Mn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024-2031.

Medical tubing offers higher precision, enhanced fluid transfer properties, and sterile connections for various medical instruments and devices. They are crucial components for a wide range of critical applications including diagnostic instruments, surgical tools, drug delivery systems, and respiratory care products.

Key Takeaways

Key players operating in the Australia medical tubing market are Abbott, Dexcom, Inc., Medtronic, Senseonics, Inc., F. Hoffmann-La Roche Ltd., GLUCOVATION, INC., Nemaura Medical Inc., GlySens, GlucoModicum, and Signos, Inc. Abbott and Medtronic dominate the market with their wide range of products for drug delivery, cardiovascular, and respiratory applications.

Growing prevalence of chronic diseases such as diabetes, cancer, and renal diseases have increased the demand for diagnostic, surgical procedures and drug delivery systems. This has created strong growth opportunities for medical tubing in Australia. According to studies, nearly 1.7 million Australians had diabetes in 2024 and this number is projected to reach 3 million by 2031.

Advancements in material science have enabled development of innovative tubing with improved biocompatibility, fatigue resistance and capabilities to interface with new medical devices. Micromachining technology allows creation of ultrathin tubing required for minimally invasive surgeries and targeted drug delivery applications. 3D printing is being explored for custom tube geometries.

Market Trends

- Multi-lumen tubing designs: Medical device manufacturers are developing tubing with multiple lumens to integrate additional capabilities like fluid sampling, drug infusion etc. within a single tubing platform.

- Smart tubing innovations: IoT and sensor integration allows creation of "smart tubing" with real-time status monitoring capabilities. This helps optimize therapy delivery.

Market Opportunities

- Growth in aged population: With over 15% of Australians aged over 65 years, geriatric healthcare represents major opportunity for products like IV infusion sets and feeding tubes.

- Rising diagnostic rates: Government initiatives are increasing screening and diagnostic testing rates creating demand for associated devices and tubing components. This provides opportunities to tube manufacturers.

Impact of COVID-19 on Australia Medical Tubing Market

The COVID-19 pandemic has negatively impacted the growth of the Australia medical tubing market. Lockdowns and travel restrictions disrupted supply chains leading to raw material shortage. This hampered production activities of medical tubing manufacturers. Demand for certain medical tubing like respiratory components declined due to postponement of non-emergency surgeries and diagnostic procedures. However, the demand for medical tubing used in ventilators, respirators, oxygen masks, and respiratory care equipment surged to meet the requirements of rising COVID-19 patients. Post pandemic, the market is expected to accelerate rapidly to cater to the huge backlog of deferred medical procedures. Manufacturers are focused on developing sustainable and robust supply chains to ensure continuous supply of medical tubing in future health crises. Streamlining production with advanced technologies would help reduce costs and maximize output.

Geographical Concentration of Australia Medical Tubing Market

In terms of value, New South Wales region dominates the Australia medical tubing market and accounted for over 30% share in 2024. This is attributed to the presence of major market players and expansion of healthcare facilities in Sydney and other cities. New medical equipment manufacturing units and research centers are boosting demand. The Victoria region occupies the second position with around 25% share owing to growing geriatric population requiring continuous medical care and significant investments in hospitals and clinics across Melbourne. In addition, Western Australia and Queensland regions are emerging as high potential markets supported by improving access to healthcare in remote areas.

Fastest Growing Region in Australia Medical Tubing Market

The Northern Territory region is projected to witness fastest growth in the Australia medical tubing market during the forecast period. This can be ascribed to government initiatives to strengthen primary care through recent upgrades of health infrastructure in rural and indigenous communities. Also, favorable health policies are attracting private players to set up manufacturing plants catering to regional demands. Increasing investments in specialty and super specialty hospitals as well as rehabilitation centers would drive the need for technologically advanced medical tubing used in complex surgical procedures and therapies. Developing cold chain and logistics would aid consistent supply and expand the customer base.

Get more insights on this topic:   https://www.pressreleasebulletin.com/australia-medical-tubing-market-is-estimated-to-witness-high-growth-owing-to-technological-advancements-in-continuous-glucose-monitoring-sensors/

 

Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. (LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

What Are The Key Data Covered In This Australia Medical Tubing Market Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Australia Medical Tubing Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the Australia Medical Tubing Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Australia Medical Tubing Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Australia Medical Tubing Market vendors

FAQ’s

Q.1 What are the main factors influencing the Australia Medical Tubing Market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Australia Medical Tubing Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Australia Medical Tubing Market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

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