Global Medical Tubing Market is Expected to Reach USD 14.7 Billion by 2027

The Global Medical Tubing Market was estimated at USD 8.5 billion in the year 2020, and is expected to reach USD 14.7 billion by 2027. The medical tubing market is growing with a CAGR of 8.1 %, in the forecast period (2017-2027).

The major factor driving the growth in medical tubing market is the increasing prevalence of minimal invasive medical procedures. Minimal invasive medical procedures offer several benefits such as faster recovery times, shorter hospital stays and lower costs, thus gaining wider acceptance than the traditional surgical procedures.

Leave a Reply