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    FEP Heat Shrink Medical Tubing Market | Covid-19 Impact Analysis

    FEP Heat Shrink Medical Tubing Market | Covid-19 Impact Analysis

    FEP Heat Shrink Medical Tubing Market | Covid-19 Impact Analysis
    Report code - SRHL171 Delivery - 2 Weeks
    FEP Heat Shrink Medical Tubing Market Size, Share, Trend, Forecast, & Industry Analysi See more...
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    FEP Heat Shrink Medical Tubing Market Insights

    FEP Heat Shrink Medical Tubing market is likely to witness an impressive CAGR of 6.7% during the forecast period. High growth in the medical device market specifically in surgical instruments coupled with the rising demand for micro catheters and preference of minimal or non-invasive surgical procedures across the world is the major factor contributing to the healthy growth of the market for FEP heat shrink medical tubing. 

    FEP Heat Shrink Medical Tubing Market - Snapshot

    Growth

    6.7% for the next five year

    Major Shrink Ratio Type

    1.6:1

    Dominant Application Type

    Drug Delivery Devices

    Region with the highest demand

    North America

    Key Players

    Zeus Industrial Products, Inc., TE Connectivity Ltd., Parker-Hannifin Corporation, Teleflex Incorporated, Junkosha Inc., ElringKlinger Kunststofftechnik GmbH, Medical Extrusion Technologies Inc., Polyflon Technology Limited, Polyfluor Plastics bv, and Tef-Cap Industries Inc.

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    Market Share Analysis

    FEP Heat Shrink Medical Tubing Market Share: By Shrink Ratio Type

    Based on the shrink ratio type, the market is segmented as 1.3:1 and 1.6:1. The 1.6:1 segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period, owing to its preference in the medical industry as it covers a broad range of components and irregular shapes with higher shrinkage capacity.

    FEP Heat Shrink Medical Tubing Market Share: By Application Type

    Based on the application type, the FEP heat shrink medical tubing market is segmented as drug delivery devices (catheters), surgical and vascular instrument, flexible joints, electrical insulation, and others. The drug delivery devices (catheters) segment is expected to dominate the market during the forecast period, driven by the surge in demand for microcatheter applications during minimally invasive surgical procedures.

    FEP Heat Shrink Medical Tubing Market Share: By Region

    In terms of regions, North America is estimated to remain the largest market for FEP heat shrink medical tubing during the forecast period, fueled by the presence of a large number of micro-catheter manufacturers across the region. Early adoption of minimally invasive surgical procedures, growing geriatric population, and increasing number of patients in the region with high prevalence of chronic diseases are the factors boosting the demand for FEP heat shrink medical tubing in the North American region. Europe and Asia-Pacific are also expected to offer sizeable growth opportunities during the forecast period.

    Some of the major players in the FEP heat shrink medical tubing market are Zeus Industrial Products, Inc., TE Connectivity Ltd., Parker-Hannifin Corporation, Teleflex Incorporated, Junkosha Inc., ElringKlinger Kunststofftechnik GmbH, Medical Extrusion Technologies Inc., Polyflon Technology Limited, Polyfluor Plastics bv, and Tef-Cap Industries Inc.

     

    Market Scope & Segmentation

    FEP heat shrink medical tubing is a shrinkable tube, which is used to cover medical devices in order to provide abrasion resistance, chemical and thermal insulation and moisture resistance to them.

    FEP heat shrink medical tubing is suitable for coating, covering, and tube joining of surgical and vascular instruments by shrinking radially when heat is applied.  

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    FEP Heat Shrink Medical Tubing Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    12

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The FEP heat shrink medical tubing market is segmented into the following categories. 

    FEP Heat Shrink Medical Tubing Market Size, Share, & Forecast, by Shrink Ratio Type:

    • 1.3:1 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 1.6:1 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    FEP Heat Shrink Medical Tubing Market Size, Share, & Forecast, by Application Type:

    • Drug Delivery Devices (Catheters) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surgical and Vascular Instrument (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flexible Joints (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    FEP Heat Shrink Medical Tubing Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report 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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the shrink ratios types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product 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 at [email protected]

     


    Frequently Asked Questions (FAQs)

    What will be the growth of FEP Heat Shrink Medical Tubing Market in the foreseeable future?

    The FEP heat shrink medical tubing market is expected to witness an impressive growth of 6.7% CAGR in the foreseeable future.

    Who are the key players in the FEP Heat Shrink Medical Tubing Market?

    Zeus Industrial Products, Inc., TE Connectivity Ltd., Parker-Hannifin Corporation, Teleflex Incorporated, Junkosha Inc., ElringKlinger Kunststofftechnik GmbH, Medical Extrusion Technologies Inc., Polyflon Technology Limited, Polyfluor Plastics bv, and Tef-Cap Industries Inc are among the key players in the FEP heat shrink medical tubing market.

    Which application type is expected to remain dominant in the FEP Heat Shrink medical Tubing Market?

    The drug delivery devices (catheters) segment is expected to remain dominant application in the FEP heat shrink medical tubing market in the coming years.

    Which country/region is expected to remain the largest FEP Heat Shrink Medical Tubing Market?

    North America is expected to remain the largest FEP heat Shrink medical tubing market during the next five years.

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