The Medical Copper Tubing Global Market Report 2023, provides comprehensive information on the medical copper tubing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Medical Copper Tubing Global Market Report 2023, the global medical copper tubing market size is expected to grow from $1.55 billion in 2022 to $1.68 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global medical copper tubing market size is expected to reach $2.20 billion in 2027 at a CAGR of 7%.
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Product innovations are a key trend gaining popularity in the medical copper tubing market. Major companies operating in the medical copper tubing market are introducing innovative products to strengthen their position in the market. For instance, in June 2021, KME, a Germany-based company that manufactures copper and copper alloy products, launched a range of copper and copper alloy products including medical copper tubes whose antimicrobial properties improve health protection in highly frequented public places. The SaCup series of goods contains completed and semi-finished items that are used to neutralize viruses and germs in hospitals, especially for hospital beds and table constructions. These products are 100% recyclable and provide various benefits such as durability, health safety, and sustainability.
The medical copper tubing market is segmented:
1) By Product Type: Bracketing, Fittings, Tubing
2) By Application: Carbon Dioxide, Medical Air, Medical Vacuum, Nitrogen, Nitrous Oxide, Oxygen
3) By End-user: Nursing Home, Hospitals, Ambulatory Surgical Centres, Speciality Clinics
North America was the largest region in the medical copper tubing market in 2022.
The table of contents in TBRC’s medical copper tubing market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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