The global Medical Metal Tubes market is expected to grow at the CAGR of 10.16% during the forecast period 2022-2028.
Medical metal tubing is an intrinsic component of various medical devices used extensively in the manufacturing of catheters and cannulas, dialysis, drug delivery system, and intravenous tubing. They are available in various shapes and sizes to cater to various applications. Manufacturers focus on advancements in raw materials required for manufacturing medical metal tubing as these materials vary based on the applications and chemical nature of the drug. Medical metal tubing are the small tubes inserted into the patient’s body through nose, mouth, or any cut in the skin to deliver oxygen, anesthesia, drug, or any other fluid.
Metal tubes are frequently used for the shafts of disposable and reusable medical instruments. The tubes can be manufactured from either drawn tubing or using a stamped and rolled technique.
The following factors need to be measured when determining which metal tube approach to use – a drawn tubing or a rolled tube method. These factors include the size of the component being manufactured, tolerance and thickness of tubes, movement versus rigidity of the instrument, and the features required on the tube itself.
The increasing introduction of advanced tube with latest technological features such as flow-bubble sensor is expected to be one of the most prominent growth opportunities for medical metal tube manufacturers, which is expected to drive growth of the global medical metal tube market.
For instance, in April 2022, Sonotec, a specialist in ultrasonic measurement Material solutions, launched the second generation of Sonoflow CO.56 Pro flow-bubble sensor. Sonoflow CO.56 Pro V2.0 for medical applications measures the flow rate of liquids such as blood and reliably detects air bubbles in standard medical tube.
The market is divided into material type, application type, end use type, and by region
The COVID-19 pandemic is expected to hamper growth of the global medical metal tube market, owing to disruption in supply of medical materials due to quarantine and lack of labor and raw materials. As the connection between regional warehouses is not smooth, the transportation of raw materials between regions cannot be carried out successfully. Therefore, shortage of raw materials has affected the supply chain of the global medical metal tube market.
Decline in surgeries such as cardiac surgeries during COVID-19 pandemic is expected to hamper growth of the global medical metal tube market, For instance, according to an article published In March, 2020 by National Center of Biomaterial Information, many surgical procedures were canceled or postponed to make space in hospitals for COVID-19 patients during the COVID – 19 pandemic. During COVID-19 pandemic preference was given to patients suffering from coronavirus disease. This is expected to hamper growth of the global medical metal tube market.
Based on material, the market has been classified into Stainless Steel, Titanium, Nitinol (NiTi), CoCr and Others. The stainless steel segment in the material type accounted for the largest share of this market in 2021. The large share of the stain less steel segment is owing to it has outstanding resistance to high heat, high strain, salt, and other harmful elements. For surgical stainless steel, specific grades of Stainless steel - 316 and 316L are predominantly used. Titanium may be used as a substitute for Stainless Steel. However, Titan is more costly solution. Chromium heightens the materials scratch resistance and corrosion resistance - perfect for cleaning and sterilization. Nitinol (NiTi) - provides an extremely smooth and polishable surface - fine details required for machining precision, high quality products etc.
The market by Application is segmented into Dialysis or Intravenous Tubing, Catheters Cannulas, Drug Delivery Systems and Other Applications. The drug delivery system holds the largest market share, as it is a method that is used to deliver medications or drugs to achieve a therapeutic effect in humans and animals. Rapid innovation in the drug delivery system is increasing the demand for customizable tubes and innovative techniques, such as intracochlear and photo-thermal drug delivery, further driving the market growth. Similarly, rising innovation in the field of Nanotechnology is opening new gateways for drug delivery systems. Lastly, the ongoing research activities for enhancing targeted intracellular delivery for the diagnosis and treatment of brain diseases are driving market growth.
Based on End Use, Medical Metal Tube market is segmented into the Hospitals, Clinics, Ambulatory Surgical Centers and Others
The Hospitals accounted for the largest market in the Medical Tube Market in 2021.
Growth in this market is majorly contributed by the rising prevalence of chronic diseases, increasing adoption of medical devices, growing medical devices industry, and rising number of surgical procedures worldwide.
As per the American Society for Aesthetic Plastic surgery (ASAPS), in 2016, about 56% and 44% of the total global expenditure was invested in the surgical and non-surgical procedures, respectively, which is further boosting the market growth.
All of the above-mentioned factors indicate the rapidly rising healthcare expenditure across the globe, which is further offering lucrative opportunities to the new entrants in the market.
Other factors driving the market growth include the rapid surge in the geriatric population, increasing awareness about advancements in medical facilities, rising involvement and initiatives from the government, and high demand for metal medical tubing and devices.
Globally, North America is leading the medical tubing market. The region is backed with the presence of advanced healthcare infrastructure, government support, and leading market players that are performing extensive research activities to develop innovative products and are engaging in several mergers and acquisitions for the same.
The U.S. is dominating the regional market on account of rising healthcare expenditure, robust healthcare facilities, technological advancements, huge patient pool, and rising investments by the market players.
Some of the prominent companies manufacturing Medical Metal Tube products include AMETEK Inc. Alleima, Teshima International Corporation, Om Steel Tubes Ltd., Tech Tube, Inc., Bison Stainless Tube, LLC, Vita Needle Company, M&M International, Fuji Seiko, Accu-Tube, Eagle Stainless Tube & Fabrication, Inc., Forefront Medical Technologies, Minitubes, Teleflex Incorporated, VIANT, K-Tube Technologies. Most of the companies are giant companies having diversified portfolio and have their presence across different parts of the world. The giant companies usually adopt merger and acquisition strategies as there was recent decline in the surgeries due to impact of corona virus across several businesses and stringent environmental regulations across developed countries.
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