FEP Heat Shrink Medical Tubing Market Size is valued at USD 136.1 Mn in 2023 and is predicted to reach USD 241.9 Mn by the year 2031 at a 7.6% CAGR during the forecast period for 2024-2031.
FEP heat shrink tubing is a versatile material used in various medical applications for protecting, insulating, and reinforcing medical devices. It's made of fluorinated ethylene propylene (FEP), a type of plastic known for its exceptional properties, including chemical resistance, high-temperature resistance, biocompatibility, electrical insulation, and lubricity. The FEP heat shrink medical tubing market is driven by the growing medical devices industry, rising minimally invasive surgeries and use of microcatheters, increasing population and subsequent burden of chronic illnesses among the populations.
However, the market growth is hampered by the high cost of the FEP compared to conventional materials and fluctuating raw material prices.
The FEP heat shrink medical tubing market is segmented based on heat shrink ratio, application, and product type. Based on heat shrink ratio, the market is segmented into 1.3:1, 1.6:1, and 2:1 and above. By application, the market is segmented into catheter delivery devices, surgical and vascular instruments, fixing flexible joints, electrical insulation and others. By product type, the market is segmented into standard FEP-HS tubing and peelable HS tubing.
The 1.6:1 FEP heat shrink medical tubing market is expected to hold a significant global market share in 2024. Many different medical devices use a 1.6:1 heat shrink ratio as it provides a balance between flexibility, durability, and size reduction. Its capacity to reduce the tubing to a particular ratio guarantees optimum performance and user-friendliness for devices requiring precision fitting, such as stent delivery systems, conduits, and guide wires.
The peelable HS tubing segment is the fastest-growing by-product type segment in the FEP heat shrink medical tubing market due to its distinct benefits and wide range of uses in the medical field. Peelable tubing provides a practical way to assemble and package medical devices because it makes removal simple and doesn't damage or leave residue behind. This function benefits the catheter manufacturing industry, where sterile and accurate assembly is essential.
The North American FEP heat shrink medical tubing market is expected to register the highest market share in revenue in the near future. It can be attributed to due to a variety of factors. These include the early adoption of minimally invasive medical techniques, a growing elderly population, and several patients within the region suffering from chronic conditions.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 136.1 Mn |
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Revenue Forecast In 2031 |
USD 241.9 Mn |
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Growth Rate CAGR |
CAGR of 7.6 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn, Volume (Ton), and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Shrink Ratio, Application, Product Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Zeus Company LLC (US), TE Connectivity (Switzerland), Parker-Hannifin Corporation (US), Teleflex Incorporated (US), Nordson MEDICAL (Ireland), APT Advanced Polymer Tubing GmbH (Germany), Junkosha Inc. (Japan), ElringKlinger Kunststofftechnik GmbH (Germany), Polyflon Technology Ltd. (UK), Polyfluor Plastics BV (Netherlands), among others. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global FEP Heat Shrink Medical Tubing Market Snapshot
Chapter 4. Global FEP Heat Shrink Medical Tubing Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Based on Shrink Ratio Estimates & Trend Analysis
5.1. by Based on Shrink Ratio & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Ton)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Based on Shrink Ratio:
5.2.1. 1.3:1
5.2.2. 1.6:1
5.2.3. 2:1 & Above
Chapter 6. Market Segmentation 2: by Based on Application Estimates & Trend Analysis
6.1. by Based on Application& Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Ton)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Based on Application:
6.2.1. Catheter Delivery Devices
6.2.2. Surgical and Vascular Instruments
6.2.3. Fixing Flexible Joints (Shafting)
6.2.4. Electrical Insulation
6.2.5. Other Applications
Chapter 7. Market Segmentation 3: by Based on Product Type Estimates & Trend Analysis
7.1. by Based on Product Type & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Ton)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Based on Product Type:
7.2.1. Standard FEP-HS Tubing
7.2.2. Peelable HS Tubing
Chapter 8. FEP Heat Shrink Medical Tubing Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Shrink Ratio, 2019-2031
8.1.2. North America FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Application, 2019-2031
8.1.3. North America FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Product Type, 2019-2031
8.1.4. North America FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by country, 2019-2031
8.2. Europe
8.2.1. Europe FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Shrink Ratio, 2019-2031
8.2.2. Europe FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Application, 2019-2031
8.2.3. Europe FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Product Type, 2019-2031
8.2.4. Europe FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by country, 2019-2031
8.3. Asia Pacific
8.3.1. Asia Pacific FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Shrink Ratio, 2019-2031
8.3.2. Asia Pacific FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Application, 2019-2031
8.3.3. Asia-Pacific FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Product Type, 2019-2031
8.3.4. Asia Pacific FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by country, 2019-2031
8.4. Latin America
8.4.1. Latin America FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Shrink Ratio, 2019-2031
8.4.2. Latin America FEP Heat Based on Application,2019-2031
8.4.3. Latin America FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Product Type, 2019-2031
8.4.4. Latin America FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by country, 2019-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Shrink Ratio, 2019-2031
8.5.2. Middle East & Africa FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Application, 2019-2031
8.5.3. Middle East & Africa FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by Based on Product Type, 2019-2031
8.5.4. Middle East & Africa FEP Heat Shrink Medical Tubing Market Revenue (US$ Million) & Volume (Ton) Estimates and Forecasts by country, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Zeus Company LLC (US)
9.2.2. TE Connectivity (Switzerland)
9.2.3. Parker Hannifin Corporation (US)
9.2.4. Teleflex Incorporated (US)
9.2.5. Nordson MEDICAL (US)
9.2.6. APT Advanced Polymer Tubing GmbH (Germany)
9.2.7. Junkosha Inc. (Japan)
9.2.8. ElringKlinger Kunststofftechnik GmbH (Germany)
9.2.9. Polyfluor Plastics bv (Netherlands)
9.2.10. Polyflon Technology Ltd. (UK)
By Shrink Ratio-
By Application-
By Product Type-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
