Medical Plastics Tubing Market to Reach $6.81 Billion by 2031

The global market for medical plastics tubing is forecast to reach $6.81 billion by 2031, up from $4.83 billion in 2026. The market is expected to grow at a compound annual growth rate (CAGR) of 7.1% during the forecast period.

Market growth is being fueled globally by factors such as expanding healthcare infrastructure and increasing demand for advanced medical devices. North America is a significant market, driven by high healthcare spending and a strong medical device manufacturing base. The Asia-Pacific region is anticipated to experience the fastest growth, supported by expanding healthcare services and manufacturing.

Within material segments, PVC is expected to account for 15.1% of revenue in 2026, owing to its flexibility and cost-effectiveness. Among structures, co-extruded tubing is projected to hold 42.5% of the market. Catheters and cannulas represent the largest application category, at 35.2%, reflecting the rise in minimally invasive procedures.

Polyether ether ketone (PEEK) is anticipated to be the fastest-growing material due to its superior mechanical strength and thermal resistance. Braided tubing structures are also expected to see the fastest growth. These advancements in materials and construction are set to meet the evolving demands of medical applications.