The report “FEP Heat Shrink Medical Tubing Market by Heat Shrink Ratio (1.3:1, 1.6:1. 2:1 & above), Application (Catheter Delivery Devices, Surgical & Vascular Instruments, Fixing Flexible Joints, Electrical Insulation), Product Type, Region – Global Forecast to 2029″, is estimated to be USD 145 million in 2024, and it is projected to reach USD 208 million by 2029 at a CAGR of 7.4%. The growth of the FEP HEAT SHRINK MEDICAL TUBING market is primarily driven by the growing surgical instrument market which helps to generate the demand for FEP heat shrink medical tube across the industry. Apart from this, the increasing demand for microcatheters also helps to drive the market. Elevated prices of FEP heat shrink medical tube as compared to conventional heat shrink medical tube, becomes the main restraining factor in this market. However, the rising government expenditure for the development of advanced health care infrastructure, provides lucrative opportunities for FEP heat shrink medical tube producers. Infections & complications associated with catheter usage, and high cost of producing & marketing medical tubing products, are the major challenge of this market.
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- 337 Market data Tables
- 44 Figures
- 258 Pages and in-depth TOC on “FEP Heat Shrink Medical Tubing Market – Global Forecast to 2029”
Some of the prominent key players are:
· Zeus Company LLC (US)
· TE Connectivity (Switzerland)
· Parker Hannifin Corporation (US)
· Teleflex Incorporated (US)
· Nordson MEDICAL (US)
· APT Advanced Polymer Tubing GmbH (Germany)
· Junkosha Inc. (Japan)
· ElringKlinger Kunststofftechnik GmbH (Germany)
· Polyfluor Plastics bv (Netherlands)
· Polyflon Technology Ltd. (UK)
Driver: Increasing demand for microcatheters
The growing demand for microcatheters directly contributes to the expansion of the market for FEP heat shrink medical tubing. Microcatheters are increasingly utilized in various minimally invasive medical procedures due to their ability to navigate small, intricate pathways within the body with precision. FEP heat shrink tubing is well-suited for microcatheters due to its flexibility, strength, and ability to maintain its structural integrity even in narrow and tortuous anatomical structures. FEP heat shrink tubing offers desirable properties such as biocompatibility, chemical inertness, and the ability to withstand sterilization processes, making it an ideal choice for microcatheter applications.