Europe Biopharmaceutical Tubing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Application

Europe Biopharmaceutical Tubing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Application

  • August 2021 •
  • 122 pages •
  • Report ID: 6134271 •
  • Format: PDF
The Europe biopharmaceutical tubing market is expected to reach US$ 1,474.45 million by 2028 from US$ 827.65 million in 2021; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028.

The growth of the market is attributed to some key driving factors such as increasing elderly population in world, and rising demand for minimally invasive procedures. However, stringent regulatory framework by government for biopharmaceutical applications is expected to restrict the market growth during the forecast period.

Popularity of minimally invasive surgical procedures has increased in the recent years owing to the benefits such as tiny incisions, faster recovery of patients, and less discomfort caused to the patients.The growing prevalence of arthritis, cancer, and cardiovascular diseases, all of which require extensive surgical treatments, has boosted the demand for minimally invasive procedures.

As a result, there is an enormous demand for catheters and biopharmaceutical tubing, among other components.Further, biopharmaceutical tubing systems are reasonably priced and aid in time-saving procedures.

For example, employing catheter tubing for cardiac and urine catheterization significantly lowers the time required for the medical or surgical operation.Therefore, the growing demand for minimally invasive medical procedures and focus on increasing the efficiency of these procedures play an important role in propelling the demand for biopharmaceutical tubing.

Also, growing use of platinum-cured silicone as material of choice for biopharmaceutical tubing offers several advantages over traditional peroxide cured tubing. For instance, in January 2020, Watson-Marlow Fluid Technology Group (WMFTG) launched BioPure silicone transfer tubing to confer safe, reliable, and cost-effective solution for a wide range of bioprocess fluid transfer applications. Therefore, the launch and use of platinum-cured silicone tubing as a material of choice is likely to emerge as a significant trend in the biopharmaceuticals market during the forecast period. Thus, there are significant opportunities for the market players to enter the market with superior and cost-effective products.

The COVID-19 pandemic has severely affected the industries in European Union (EU).As the number of COVID-19 patients requiring ventilatory support (high-flow oxygen therapy, non-invasive ventilation, invasive mechanical ventilation, and extracorporeal membrane oxygenation) has increased, the demand for medical tubing has also increased in the last year.

In addition, growing COVID-19 infection in people with existing medical conditions such as asthma and diabetes is also influencing the growth of the market, which, in turn propel the demand for drug delivery devices and equipment such as nasogastric tubes, nebulizers, and spacer devices.Further, the presence of a robust industrial base and several established manufacturers of medical tubing in the country is strengthening the market growth in the country.

These factors are expected to fuel the demand for biopharmaceutical tubing in the region during the forecast period.

Based on type, the Europe biopharmaceutical tubing market is segmented into plastic, metal, and silicone. The silicone segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.

Based on application, the Europe biopharmaceutical tubing market is segmented into pharmaceutical, medical devices, research and development, and others. The pharmaceutical segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.

A few of the primary and secondary sources associated with this report on the Europe biopharmaceutical tubing market are the European Union (EU), British Heart Foundation (BHF), European Society of Cardiology (ESC), and Italian Institute of Statistics (ISTAT).
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