Umbilical Market Research Report By Product Type (Single Umbilical, Multi-Channel Umbilical, Micro Umbilical, HPU Umbilical, Power Backup Umbilical), By Application (Subsea Power Transmission, Control Systems, Data Transmission, Well Intervention, Monitoring), By End User (Oil and Gas Companies, Service Providers, Research Institutions, Government Agencies), By Construction Material (Thermoplastic, Stainless Steel, Carbon Steel, Composite Materials) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)

Global Umbilical Market Overview

As per MRFR analysis, the Umbilical Market Size was estimated at 1.6 (USD Billion) in 2022. The Umbilical Market Industry is expected to grow from 1.67 (USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Umbilical Market CAGR (growth rate) is expected to be around 4.56% during the forecast period (2024 - 2032).

Key Umbilical Market Trends Highlighted

The Umbilical Market is driven by factors such as the rising number of preterm births, increasing awareness of umbilical cord blood banking, and technological advancements. The demand for umbilical cord blood stem cells for regenerative medicine is also contributing to market growth. Opportunities in the umbilical market lie in the development of novel therapies and applications for umbilical cord-derived cells. Advancements in stem cell research and the growing prevalence of chronic diseases are expected to drive demand for umbilical stem cells in the treatment of conditions such as leukemia, sickle cell anemia, and immune disorders.Recent trends in the umbilical market include the increasing use of delayed cord clamping, which involves delaying the cutting of the umbilical cord after birth to allow for the transfer of more blood and stem cells to the baby. Additionally, there is a growing emphasis on ethical considerations and regulatory frameworks for the use of umbilical cord blood and tissue.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Umbilical Market Drivers

Increasing Prevalence of Preterm Births

Preterm birth is a major global health problem, affecting approximately 15 million babies each year. Preterm infants often require specialized care, including the use of umbilical catheters and other medical devices. The increasing prevalence of preterm births is expected to drive demand for umbilical products and contribute to the growth of the Umbilical Market Industry. Furthermore, advancements in neonatal care and the growing awareness of the importance of early intervention for preterm infants are also expected to contribute to the market growth.

Technological Advancements in Umbilical Devices

Technological advancements in umbilical devices are another key driver of the Umbilical Market Industry. Umbilical catheters and other devices are becoming increasingly sophisticated, with features such as improved biocompatibility, smaller size, and greater functionality. These advancements are making umbilical devices more effective and less invasive, which is contributing to their growing popularity.

Growing Demand for Minimally Invasive Procedures

Minimally invasive procedures are becoming increasingly popular in a variety of medical fields, including neonatology. Umbilical catheters and other devices can be used in a variety of minimally invasive procedures, such as fetal blood sampling and intrauterine transfusions. The growing demand for minimally invasive procedures is expected to drive demand for umbilical products and contribute to the growth of the Umbilical Market Industry.

Umbilical Market Segment Insights

Umbilical Market Product Type Insights

With the increased usage and adoption of remote intervention and subsea development, the product type segment plays a pivotal role in determining the Umbilical Market revenue. This segment is sub-divided into single umbilical, multi-channel umbilical, micro umbilical, HPU umbilical, and power backup umbilical. The single umbilical segment is frequently utilized in shallow water regions due to its straightforward design and cost-effectiveness. The multi-channel umbilical segment offers the advantage of transmitting multiple signals and power, making it suitable for deepwater applications.Micro umbilicals are gaining traction due to their compact size and suitability for minimal access interventions. HPU umbilicals are employed in high-pressure and high-temperature environments, while power backup umbilicals provide redundancy and ensure uninterrupted operations. In 2023, the multi-channel umbilical segment held the largest market share within the product type segment. This dominance is attributed to the rising demand for complex subsea systems in deepwater exploration and production activities. The micro umbilical segment is expected to experience significant growth in the coming years due to the increasing adoption of minimally invasive surgical techniques.Overall, the product type segment of the Umbilical Market offers various solutions tailored to specific applications and requirements. The continued expansion of the subsea industry, technological advancements, and the growing focus on deepwater exploration are key drivers influencing the growth of this segment in the coming years.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Umbilical Market Application Insights

The Application segment of the Umbilical Market is poised for significant growth, driven by increasing demand for subsea exploration and production activities. Subsea power transmission is expected to account for the largest revenue share, owing to the growing need for reliable and efficient power transmission in offshore environments. Control systems and data transmission applications are also expected to witness substantial growth, as they play a crucial role in monitoring and controlling subsea operations. Well intervention and monitoring applications are anticipated to contribute to the market growth, as they provide vital information for maintaining the integrity and safety of subsea assets.

Umbilical Market End User Insights

The end user segment of the Umbilical Market can be categorized into Oil and Gas Companies, Service Providers, Research Institutions, and Government Agencies. Among these, Oil and Gas Companies are expected to dominate the market with a significant share of over 60% in the coming years. The growing exploration and production activities in deep-water and ultra-deep-water regions are driving the demand for umbilical cables, which are essential for transmitting power and data to subsea equipment. Service providers, including drilling contractors and oilfield service companies, are also expected to contribute significantly to the market growth.The increasing adoption of advanced technologies, such as fiber optics and multiplexing, is further fueling the demand for umbilical cables in the oil and gas industry.

Umbilical Market Construction Material Insights

The construction material segment in the Umbilical Market is diverse, with various materials employed to meet specific project requirements. Thermoplastic materials, known for their flexibility and corrosion resistance, accounted for a significant revenue share of $243.9 million in 2023. The demand for thermoplastic umbilicals is projected to grow at a CAGR of 4.7%, reaching $320.6 million by 2032. Stainless steel, valued at $187.2 million in 2023, is another widely used material due to its strength, durability, and resistance to harsh environments.Carbon steel umbilicals, with a market value of $135.1 million in 2023, are commonly used in shallow water applications, owing to their cost-effectiveness and ease of handling. Composite materials, offering a combination of strength, flexibility, and corrosion resistance, are gaining traction in the market, and their revenue is expected to reach $105.3 million by 2032. The choice of construction material is influenced by factors such as water depth, environmental conditions, and project specifications, leading to the diverse market segmentation in this segment.

Umbilical Market Regional Insights

The regional segmentation of the Umbilical Market offers valuable insights into the geographical distribution of market growth. North America holds a significant share of the market, driven by the presence of leading medical device companies and a high prevalence of preterm births. Europe follows closely, with a strong healthcare infrastructure and a growing emphasis on patient safety. The APAC region is projected to witness significant growth in the coming years, owing to the rising demand for advanced medical technologies and increasing healthcare expenditure.South America and MEA represent emerging markets with ample growth potential, as governments prioritize healthcare infrastructure development and improve access to medical devices. These regional insights provide a comprehensive understanding of market dynamics and help stakeholders make informed decisions for future growth strategies.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Umbilical Market Key Players And Competitive Insights

Major players in the Umbilical Market industry are focusing on expanding their product portfolio and geographical presence. Leading Umbilical Market players are investing heavily in research and development to develop innovative products that meet the evolving needs of customers. The Umbilical Market development is driven by the increasing demand for minimally invasive surgeries and the growing adoption of robotic-assisted surgeries. The competitive landscape of the Umbilical Market is expected to remain fragmented, with a few major players accounting for a significant share of the market. However, new entrants are expected to emerge in the market, offering innovative products and services.Medtronic is a leading company in the Umbilical Market industry. The company offers a wide range of umbilical cords, including the Kendall Cordis umbilical cord and the Kendall Tru-Cut umbilical cord. Medtronic also offers a range of accessories for umbilical cords, such as the Kendall Tru-Cut umbilical cord clamp and the Kendall Tru-Cut umbilical cord scissors. The company has a strong global presence and distributes its products in over 100 countries.Smith’s Medical is a competitor company in the Umbilical Market industry. The company offers a range of umbilical cords, including the Portex umbilical cord and the Portex Tru-Cut umbilical cord. Smith’s Medical also offers a range of accessories for umbilical cords, such as the Portex Tru-Cut umbilical cord clamp and the Portex Tru-Cut umbilical cord scissors. The company has a strong global presence and distributes its products in over 100 countries.

Key Companies in the Umbilical Market Include

• Invacare Corporation


• Boston Scientific Corporation


• OneTouch Medical


• Smith’s Medical


• CooperSurgical


• AMBU A/S


• Medtronic plc


• Cardinal Health


• KimberlyClark Worldwide, Inc.


• Teleflex Incorporated


• Wellspect HealthCare


• NuVasive, Inc.


• Masimo Corporation


• Becton, Dickinson and Company


• ConvaTec Group PLC

Umbilical Market Industry Developments

The Umbilical Market is projected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 4.56% during the forecast period 2024-2032. The rising prevalence of preterm births and the increasing adoption of minimally invasive surgical techniques are key factors driving market growth. Recent advancements in umbilical cord blood banking and the development of innovative umbilical catheters are further contributing to market expansion. Asia Pacific is expected to witness the fastest growth due to the rising healthcare expenditure and increasing awareness about umbilical cord blood banking. Key industry participants include Cook Medical, B. Braun Melsungen AG, Teleflex Incorporated, and Smith & Nephew.

Umbilical Market Segmentation Insights

• Umbilical Market Product Type Outlook
  
  
  
  • Single Umbilical
  
  
  • Multi-Channel Umbilical
  
  
  • Micro Umbilical
  
  
  • HPU Umbilical
  
  
  • Power Backup Umbilical
  
  
  
  

• Umbilical Market Application Outlook
  
  
  
  • Subsea Power Transmission
  
  
  • Control Systems
  
  
  • Data Transmission
  
  
  • Well Intervention
  
  
  • Monitoring
  
  
  
  

• Umbilical Market End User Outlook
  
  
  
  • Oil and Gas Companies
  
  
  • Service Providers
  
  
  • Research Institutions
  
  
  • Government Agencies
  
  
  
  

• Umbilical Market Construction Material Outlook
  
  
  
  • Thermoplastic
  
  
  • Stainless Steel
  
  
  • Carbon Steel
  
  
  • Composite Materials
  
  
  
  

• 
  

  Umbilical Market Regional Outlook

  
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa