Medical Copper Tubing Market Segmented By Tubing Type, Fittings, Bracketing Product Type for Hospitals, Nursing Home, Ambulatory Surgical Centers Specialty Clinics
Industry: Healthcare
Published Date: June-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 135
Report ID: PMRREP29023
Copper has been gaining popularity in healthcare tubing applications due to its variety of favorable features, including durability and flexibility. Copper tubes are recognized for their excellent operational pressure resistance and an unrivaled longevity, making them suitable for designing quick and efficient medical tubing systems. The Global Medical Copper Tubing market is expected to have a CAGR of 4% from USD 1,395 Million in 2022 to USD 1,841.7 Million in 2029.
Attribute | Key Insights |
---|---|
Medical Copper Tubing Market Size (2022) |
US$ 1,395 Mn |
Projected Market Value (2029) |
US$ 1,841.7 Mn |
Global Market Growth Rate (2022 - 2029) |
4% CAGR |
Share in parent market |
27.4% |
Among several metals used for medical tubing, copper is the most common one. As such, the market players are likely to increase their production capacity during the forecast period. Medical copper tubing is required to deliver medical gases such as air, carbon dioxide, oxygen, medical vacuum, nitrous oxide, and others. The key factor driving the growth of the medical copper tubing market is the simple truth that copper is good for human health. Moreover, increasing expenses for establishing better infrastructure and improvements in industrial output around the world are driving the market.
Medical copper tubing is widely used in the healthcare sector for patient treatment, and to operate healthcare systems that supply liquids and gases throughout surgeries because they are simple to install and incredibly durable, efficient, and are also low-maintenance. Furthermore, medical copper tubing adoption has increased over the years for the delivery of patient care at dental clinics and it is also used in several medical processes across a wide range of end-user industries, which is projected to drive demand for medical copper-based tubing over the forecast period.
An increase in the adoption of minimally invasive surgery equipment has increased the demand for medical gases among various hospitals and specialized clinics fueling the expansion of the medical copper tubing market. Moreover, the increasing geriatric population and the other health-related issues that lead to surgery have increased rapidly, boosting the demand for medical copper tubing. The rapidly increasing number of surgeries performed globally is increasing the demand for medical gases and projected to promote the growth of the medical copper tubing market.
The rising necessity for a low coefficient of friction on both sides of the tube as per specification is one of the major factors driving the growth of the medical copper tubing market. Companies are relying on additives, primarily thermoplastic elastomers, to lower the coefficient of friction and improve the lubricity quotient of the tube. The rising demand for customized low coefficient of friction on either side of the tubing is likely to drive market growth in the upcoming period.
e-Commerce remains a huge phenomenon that impacts sales and distribution in every industry. Companies of medical copper tubing are also exploring profitable opportunities in the e-Commerce market. Several market players are progressively embracing e-Commerce platforms to increase their reach and gain a competitive advantage in new medical copper tubing markets. Furthermore, several market players have increased the media attention to their product offerings through online channels. The rise in e-Commerce in the Medical Copper Tubing Market is likely to stimulate market growth in the near future.
The Medical Copper Tubing Market is competitive with the presence of several big players. Manufacturers in the Medical Copper Tubing market are implementing various strategies to increase their market share and expand product offering. The key players in the Medical Copper Tubing Market are also focusing on e-commerce and providing customized products to increase their sales.
Attribute | Details |
---|---|
Forecast Period |
2022 - 2029 |
Historical Data Available for |
2014-2021 |
Market Analysis |
US$ Mn/Bn for Value |
Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
By End User |
Key Companies Profiled |
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Customization & Pricing |
Available upon Request |
Medical Copper Tubing Market by Product Type
Medical Copper Tubing Market by End User
Medical Copper Tubing Market by Region
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In 2022, the Medical Copper Tubing Market value stands at USD 1,395 million, and it is expected to reach USD 1,841.7 million by 2029 at a CAGR of 4%.
Medical Copper Tubing Market exhibited a CAGR of 3.4% between 2014 and 2021.
Increased number of surgeries and an increase in the adoption of Medical Copper Tubings are the key factors driving the growth of the market.
Mueller Industries, Inc., OmegaFlex Inc., Cambridge-Lee Industries LLC, and Lawton Tube Co. Ltd. are among the top players in the market.