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The latest Biopharmaceutical Tubing Market report delivers an overall analysis of the major strategies, corporate models, and market shares of the most acknowledged players of the market. The research gives an account of key persuading factors, market figures in terms of revenues, segmental data, also region or country-wise data. This research work can be perceived as the most extensive documentation comprising all the aspects of the emerging Biopharmaceutical Tubing Market.
Based on type, the global biopharmaceutical tubing market is segmented into plastic, metal, and silicone. In 2020, the silicone segment held the largest share of the market. Moreover, the market for the silicone segment is expected to grow at the highest CAGR during 2021–2028.
The biocompatibility of silicone allows it to be compatible with human tissues and body fluids, increasing its use in medical tubing as well as a silicone tube imparts properties such as biocompatibility, superior resistance to high temperatures and chemicals, mechanical strength, and electric properties. This factor is likely to boost the demand for biopharmaceutical tubing across the world during the forecast period.
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The research report features the key parameters such as global market revenue, parent market trends, macroeconomic indicators, governing factors, along with market captivation per market segment. The rate of growth of Biopharmaceutical Tubing Market for the forecast period 2021-28 is also presented here. Most significantly, the report further assesses the qualitative impact of various market factors on market segments and geographies.
A few prominent players operating in the biopharmaceutical tubing market are W. L. Gore and Associates, Inc., Saint-Gobain Sekurit, Freudenberg Group, RAUMEDIC AG, TEKNI-PLEX, NewAge Industries, Inc., Optinova, Zeus Industrial Products, Inc., NORDSON CORPORATION, DuPont de Nemours, Inc., Specialty Silicone Products, Inc., Hoshine Silicon Industry Co., Ltd., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive, Elkem ASA, Wacker Chemie AG among others.
The market segmentation is seen on the basis of product type, application, technology, and region. To make the study more clear and lucid, the report magnifies various parameters including but not limited to supply chain management, niche market, distribution channel, trade, supply, demand, and production capability across different regions.
Strategic Insights
| Report Coverage | Details |
|---|---|
| Market Size Value in | US$ 3,442.82 Million in 2021 |
| Market Size Value by | US$ 6,013.27 Million by 2028 |
| Growth rate | CAGR of 8.3% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 174 |
| No. of Tables | 86 |
| No. of Charts & Figures | 70 |
| Historical data available | Yes |
| Segments covered | Type and Application |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, South & Central America |
| Country scope | US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
The COVID-19 pandemic is having the mixed impact on the biopharmaceutical tubing market. Growing COVID-19 infection in people with existing medical conditions such as asthma and diabetes also influences the growth of the market. There is a rise in the demand for drug delivery devices and equipment such as nasogastric tubes, nebulizers, spacer devices, etc. Therefore, these factors are driving the demand for biopharmaceutical tubing during the forecast period. On the other hand, many countries have changed medical device regulations owing to supply chain obstruction affect negatively on biopharmaceutical tubing market.
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Companies are launching new and innovative products and services to sustain their position in the biopharmaceutical tubing market. In September 2021, DuPont introduced DuPont Liveo, a new brand name for its extensive range of silicone healthcare solutions. The Liveo brand product line includes pharma tubing and overmolded assemblies for single-use systems meant to be used in biopharma processing, transdermal and topical drug delivery systems, and medical adhesives, among others.
The research appropriately quenches the following questionnaire:
The research conducts SWOT analysis to assess the strengths and weaknesses of the key market players. Also, the report involves critical examination of all the drivers and restraints manipulating the market. It also evaluates the trends observed in parent market, macro-economic indicators, prevalent factors, and market appeal according to different segments. The possible influence of various industrial aspects on Biopharmaceutical Tubing Market and regions is also incorporated in the report.
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