Analysis of the medical plastic tubing market

With the increase in the average life span of the global population and the proportion of aging society, the rise in the incidence of diseases, the growing demand for minimally invasive surgery, and the increase in medical investment by governments, the development of the global medical catheter market continues to drive the development of medical catheter, then medical catheter is a general term connecting the internal and external lumens of the human body, including metal, plastic, rubber and other different material products. It is widely used as a pathway in drainage, perfusion, drug administration, blood collection, blood and gas transmission, detection of biological conditions through induction components, auxiliary introduction of other medical devices, etc., and is also the protagonist in major medical device exhibitions. The medical catheter industry has developed rapidly, and the market size reached 52.21 billion yuan in 2017. Some market research institutions believe that the market size of China's medical catheter industry will reach 94.34 billion yuan in 2022. Globally, the total value of the medical catheter market reached $54.7 billion in 2019, with a compound annual growth rate of 9.17% in the past five years. In 2020, stimulated by the new coronavirus epidemic, the demand for medical catheters has exploded, and the market size has accelerated, which is expected to grow to $100 billion by 2025.