According to the World Health Organization (WHO), cardiovascular disease kills an estimated 31 percent of all deaths worldwide each year, killing 17.9 million people (CVDs). Cigarette smoking, poor health, and physical inactivity all raise the risk of heart attack and stroke. According to the Centres for Disease Control and Prevention, heart disease was the leading cause of death in the United States, with heart disease being the most prevalent type of heart disease. The cause of heart disease is obesity. With the increasing number of heart patients, all these factors drive the growth of the medicinal tubing market globally.
Health professionals are based on a combination of risk factors, medical examinations of patients at risk, and adequate treatment to avoid injury and death while enhancing the quality of life. Many cardiac devices have been designed to track a patient with an irregular pulse who has heart rhythm issues. The growing population increases the demand for various efficient medical facilities. This is because the world's health costs are being borne by this demographic shift, which increases the opportunities for growth in the medical tubing industry over the projected period. Increased life expectancy and declining fertility are two of the causes for the world's ageing population. According to UN projections, the number of people aged 60 and up is projected to increase from 962.3 million in 2017 to 2.080.5 million by 2050, from 962.3 million in 2017. As the elderly are the most vulnerable to disease, demand for medical tubing is expected to increase, which is expected to benefit market growth over the forecast period and the next few years.
The growing polymer industry contributes significantly to the market growth due to the widespread use of polymers in healthcare. Furthermore, the industry is being propelled forward by the expanding drug delivery field in the targeted delivery of high applications. Furthermore, with the growing acceptance of minimally invasive surgical procedures, the Market is expected to grow significantly during the forecast period and in the coming years. Geographically, North America would have a significant market share, followed by the European region. Because of favourable government initiatives to provide better healthcare in the region, the Asia-Pacific region is projected to grow the fastest during the Forecast era.
Consumer demand in this forecast period is motivated by the availability of dedicated resources such as remote patient monitoring and management.