DUBLIN--(BUSINESS WIRE)--The "FEP Heat Shrink Medical Tubing Market by Shrink Ratio (1.3:1, 1.6:1), Application (Drug Delivery Devices (Catheters), Surgical and Vascular Instrument, Flexible Joints, Electrical Insulation) - Global Market Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The FEP heat shrink medical tubing market is projected to grow at a CAGR of 7.2% during the forecast period.
The high growth is attributed to a combination of factors, chief among them is the growing adoption of minimally invasive surgeries and increasing incidences of chronic diseases due to changing lifestyles and rapidly expanding geriatric population, which have led to the growth of high-quality medical devices, especially microcatheters; this has led to the growth in consumption of FEP heat shrink medical tubes globally.
Drug delivery devices (catheters) - the largest application in the overall FEP heat shrink medical tubing market.
The Drug delivery devices (catheter) application is the largest and fastest-growing application area for FEP heat shrink medical tubes. This growth is attributed to the rising demand for microcatheter applications. Microcatheters are specialized, thin-walled, small-bore catheters or delivery/access devices that are used during minimally invasive surgical procedures. They are useful for the navigation, access, and delivery of a surgical device or a drug to the target site. FEP heat shrink medical tubes are chemically inert, possess high thermal resistance, and moisture resistant; these factors make FEP tubes as a better choice than other fluoropolymer materials.
1.6:1 shrink ratio is the fastest-growing shrink ratio segment in the FEP heat shrink medical tubing market.
The shrink ratio of 1.6:1 is the largest and fastest-growing shrink ratio in the industry. The shrink ratio of 1.6:1 is preferred in the medical industry as it covers a broader range of component shapes and sizes and can cover more irregular shaped parts, the 1.6:1 shrink tubing have higher shrinkage capacity which allows it to cover more area easily. Thus, it is preferred by the industry.
North America is the largest market for FEP heat shrink medical tubing market.
North America is projected to be the largest market for the FEP heat shrink medical tube market. The rising demand from micro-catheter manufacturers drives the market. The increasing count of patient pool, high prevalence of chronic diseases, rising geriatric population, adoption of minimally invasive surgery, and the high availability of advanced interventional products (including microcatheters) are driving the FEP heat shrink medical tubing market in the region Key countries in the region are the US, Canada, and Mexico. The medical devices market in the region is diversified and is strongly focused on the development of new products and advanced technology to cater to the ever-changing demand pattern in the medical industry.
Reasons to Buy the Report:
1. This report segments the global FEP heat shrink medical tubing market comprehensively and provides the closest approximations of sizes for the overall market and subsegments across various verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, trends, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansions, joint ventures/ agreements, new product developments, and mergers & acquisitions undertaken in the market.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.5 Units Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Demand Side
2.4 Data Triangulation
2.5 Forecasting Factors
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in the FEP Heat Shrink Medical Tubing Market
4.2 APAC FEP Heat Shrink Medical Tubing Market, By Shrink Ratio and Country, 2018
4.3 FEP Heat Shrink Medical Tubing Market, By Key Countries
5 Market Overview
5.2 Market Dynamics
5.3 Impact Factors
5.4 Supply Chain
5.5 Porter's Five Forces Analysis
5.6 YCC and YC Shift
6 FEP Heat Shrink Medical Tubing Market, By Shrink Ratio
6.2 1.6:1 Shrink Ratio
6.3 1.3:1 Shrink Ratio
7 FEP Heat Shrink Medical Tubing Market, By Application
7.2 Drug Delivery Devices (Catheter)
7.3 Surgical and Vascular Instruments
7.4 Flexible Joints (Shaft)
7.5 Electrical Insulation
8 FEP Heat Shrink Medical Tubing Market, By Region
8.2 North America
8.5 Rest of the World (RoW)
9 Competitive Landscape
9.2 Market Share Analysis By Key Players
9.3 Competitive Scenario
10 Company Profiles
10.1 Zeus Industrial Products Inc.
10.2 TE Connectivity Ltd.
10.3 Parker-Hannifin Corporation
10.4 Teleflex Inc.
10.5 Junkosha Inc.
10.6 Elringklinger Kunststofftechnik GmbH
10.7 Medical Extrusion Technologies, Inc.
10.8 Polyflon Technology Ltd.
10.9 Polyfluor Plastics Bv
10.10 Tef-Cap Industries Inc.
10.11 Apt Advanced Polymer Tubing GmbH
10.12 Fluortek Ab
10.13 Holscot Fluoroplastics Ltd.
10.14 Gremtek Sas
10.16 Udey Medflex Tubes
10.17 Shenzhen Sunbow Insulation Materials
10.18 Adtech Polymer Engineering Ltd.
10.19 Aokeray Medical
10.20 Shanghai Yanke Precision Extrusion Technology Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/sqt6ja