Overview and Scope
Medical copper tubing refers to a device that is employed in hospitals for the supply of medical gases. These copper tubing’s are corrosion-resistant, and strong that are used against bacteria and viruses.
Sizing and Forecast
The medical copper tubing market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to reliability and longevity, compliance with safety standards, application in diagnostic and imaging equipment, rise in home healthcare, expansion of medical device usage..
The medical copper tubing market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increased demand for medical devices, continued emphasis on infection control, rise in minimally invasive procedures, expansion of home healthcare, continued development of imaging technology.. Major trends in the forecast period include antimicrobial properties, advancements in manufacturing technology, rise in minimally invasive procedures, shift towards home healthcare, increased use in imaging and diagnostic equipment..
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Segmentation & Regional Insights
The medical copper tubing market covered in this report 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: Nursuing Home, Hospitals, Ambulatory Surgical Centres, Speciality Clinics
North America was the largest region in the medical copper tubing market in 2023. The regions covered in the medical copper tubing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in the number of surgeries is expected to propel the growth of the medical copper tubing market going forward. Surgical procedures refer to a medical technique that involves making an incision using equipment to heal damage or stop the disease in a living body. Medical copper tubes serve an important part in the cleanliness and low-maintenance requirements for running life-saving tools, surgical and treatment equipment, and the medical vacuum system, which removes gases and fluids from patient-treatment areas during operations. For instance, according to April 2022 report published by The Aesthetic society on aesthetic plastic surgery statistics, the overall surgical procedure increased by 54% in 2021 compared with 2020. Furthermore, the total number of body surgery procedures counted to 921,664 in 2021 from 564,303 in 2020, which shows an increase of 63%. Therefore, the increase in the number of surgeries is driving the growth of the medical copper tubing market.
Key Industry Players
In September 2022, Longship Group, a US-based workforce consulting and solutions firm, acquired Lawton Group for an undisclosed amount. This acquisition introduces a new service into Longship Group’s suite of product offerings in the healthcare sector by providing nonclinical healthcare solutions. The Lawton Group is a UK-based company that specializes in medical copper tubing.
The medical copper tubing market report table of contents includes:
1. Executive Summary
2. Medical Copper Tubing Market Characteristics
3. Medical Copper Tubing Market Trends And Strategies
4. Medical Copper Tubing Market – Macro Economic Scenario
5. Global Medical Copper Tubing Market Size and Growth
….
31. Global Medical Copper Tubing Market Competitive Benchmarking
32. Global Medical Copper Tubing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Medical Copper Tubing Market
34. Medical Copper Tubing Market Future Outlook and Potential Analysis
35. Appendix
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