Medical Hose Market Analysis | 2024-2030

Medical Hose Market Analysis | 2024-2030

Medical Hose Market Analysis | 2024-2030
Report code - SR2977 Published On : Oct,2024 No. of Pages: 120
Medical Hose Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportu See more...

“The Medical Hose Market size was valued at US$ 274 million in 2023 and is likely to grow at a promising CAGR of 7.0% in the long run to reach US$ 450 million in 2030.”

Market Dynamics

Introduction

Hoses are flexible conduits that transfer gases and fluids in medical and bioprocess applications. They are designed to meet the stringent regulations and standards to ensure hygiene, safety, and performance. These standards are required to ensure that they function reliably in critical healthcare settings while minimizing risks of infection, contamination, and malfunction. Hoses play an important role in maintaining sterility, accurate flow control, and patient safety in surgeries, treatments, and everyday healthcare tasks.

Key applications of medical hoses are medical gas supply, CPAP machines, respirators, ventilation equipment, PAPR systems, anesthesia equipment, dental equipment, laser smoke evacuation, therapeutic equipment, emergency vehicle equipment, environmental suits, veterinary equipment, compressors, etc.

Market Drivers

Key driving factors for the medical hose market are increasing demand for medical devices and equipment due to rising healthcare spending and home-based healthcare; growing aging population and chronic diseases; stricter regulatory requirements regarding infection control and hygiene; and increasing technological advancements in bioprocess solutions, such as bioengineering equipment, cell and gene therapy, and laboratory equipment.

Recent Market JVs and Acquisitions

A few strategic alliances, including M&As, JVs, etc. have been performed over the past few years:

  • In October 2018, Smiths Group acquired United Flexible Inc. from Arlington Capital Partners for an enterprise value of US$ 345 million. United Flexible Inc. was integrated into Smiths Group’s Flex-Tek division, which strengthens Flex-Tek’s position in aerospace and industrial end markets globally.
  • In November 2023, Plastiflex Group acquired R-Vent Medikal, a leading healthcare company in the respiratory care field, based in Izmir, Turkey. R-Vent Medical specializes in the production of single-use breathing systems such as breathing circuits, filters, catheter mounts, closed suction sets, etc.

Segments Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Application-Type Analysis

Medical [Respiratory Systems, Suction Devices, Medical Gas Supply, and Others] and Bioprocess Solutions

Medical is expected to remain the dominant application of the market during the forecast period.

Material-Type Analysis

PTFE, PVC, Silicone, and Others

PTFE is likely to hold the dominant position during the forecasted period of the market, whereas silicone is expected to remain the fastest-growing material during the same period.

Regional Analysis

North America, Europe, Asia-Pacific, and The Rest of the World

North America is expected to be the dominant region and Asia-Pacific is likely to experience the fastest growth during the forecast period.

 

By Application Type

Medical is the dominant application and is expected to maintain its lead during the forecast period.

  • The medical hose market is segmented into medical and bioprocess solutions. Medical applications are further segmented into respiratory systems, suction devices, medical gas supply, and others.
  • Key factors leading to the dominance of the medical application segment are the growing demand for respiratory treatments, focus on infection control, increasing surgical and emergency care requirements, growing technological advancements, increasing home healthcare, and growing elderly population.
    • Respiratory systems are likely to grab the majority share of the market during the forecast period owing to a rise in chronic respiratory diseases, such as asthma, chronic obstructive pulmonary disease (COPD), and sleep apnea. These diseases drive the demand for hoses used in oxygen therapy, ventilators, and Continuous Positive Airway Pressure (CPAP) devices, which are vital for patient care.
  • The key applications of hoses for bioprocess solutions include sterile fluid transfer, media and buffer preparation, bioreactor operations, filtration and separation processes, and sampling and harvesting of biological products.

By Material Type

PTFE is likely to remain the dominant material type in the medical hose market during the forecast period.

  • In terms of material type, the market is segmented into PTFE, PVC, silicone, and others.
  • The demand for PTFE is increasing owing to its excellent chemical resistance, biocompatibility, high-temperature resistance, high flexibility, durability, etc. These properties make PTFE the preferred material for critical applications in medical and bioprocess applications.
  • Silicone has emerged as the fastest-growing material in the market due to its unique combination of biocompatibility, flexibility, thermal stability, and chemical resistance properties. It is a versatile, durable, and safe material for the medical industry.

Regional Analysis

North America is expected to be the dominant region and Asia-Pacific is likely to experience the fastest growth during the forecast period.

  • In terms of region, the medical hose market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
  • Key factors driving the North American medical hose market are advanced healthcare infrastructure, the presence of leading medical device manufacturers, technological innovations, stringent regulatory standards, a high focus on bioprocess solutions, a growing aging population, increasing demand for home healthcare, and growing requirement of respiratory devices after COVID.
  • Asia-Pacific is expected to be the fastest-growing region in the coming years, driven by growing healthcare expenditure, expanding healthcare infrastructure, a rapidly aging population, and advancements in medical technology. China is the hotspot of the region owing to the rapidly growing Chinese medical device market, the shift towards home healthcare and single-use technologies, and increasing R&D in the medical industry.

Key Players

The market is moderately concentrated with the presence of more than 20 players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. There are two sets of players in the market, one who supplies hoses to the medical gas piping system players and the other who supplies to the other respiratory applications (excluding medical gas supply) and bioprocess solutions. The following are the key players in the Medical Hose Market.

Here is the list of the Top Players (Based on Dominance)

  • Plastiflex Group N.V.
  • Flex-Tek (a part of Smiths Group plc)
  • Watson-Marlow Fluid Technology Solutions (part of Spirax Group)
  • NewAge Industries
  • Masterflex Group
  • Saint-Gobain
  • Swagelok
  • BeaconMedaes
  • Parker Hannifin Corporation
  • Bay Corporation

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Medical Hose Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

Research Methodology

  • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s medical hose market realities and future market possibilities for the forecast period. 
  • The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

A medical hose is a flexible tube or conduit used to transfer gases and fluids in medical and bioprocess applications. They are designed to meet the stringent regulations and standards to ensure hygiene, safety, and performance. Hoses play an important role in maintaining sterility, accurate flow control, and patient safety in surgeries, treatments, and everyday healthcare tasks.

The forecasted value of the medical hose market is expected to be US$ 450 million in 2030.

The medical hose market is estimated to grow at a CAGR of 7.0% by 2030.

North America has the largest share of the medical hose market due to its advanced healthcare infrastructure, the presence of key medical device manufacturers in the region, and a strong regulatory environment.

Plastiflex Group, Flex-Tek Group N.V., Watson Marlow Fluid Technology System, NewAge Industries, Masterflex Group, Saint-Gobain, Swagelok, BeaconMedaes, Parker Hannifin, and Bay Corporation are the top players in the market.