Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Medical metal tubes are intrinsic components of various medical devices and used extensively in the manufacture of catheters and cannulas, drug delivery systems, dialysis, and intravenous tubing. Medical metal tubes are usually small tubes which are inserted into the patient’s body through the mouth, nose, or any cut in the skin to deliver oxygen, anesthesia, drugs, or any other fluid. Generally, the structure of medical metal tubes becomes more complex with decrease in size of the tube. Medical metal tubes are available in a variety of shapes and sizes to cater to various applications. Manufacturers are also focusing on advancements in raw materials required for manufacturing medical metal tubing as these materials vary based on the application and chemical nature of the drug.

The global medical metal tubing market is estimated to be valued at US$ 576.0 million in 2020 and is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027).

Figure 1. Global Medical Metal Tubing Market Share (%) in Terms of Value, By Region, 2019

Medical Metal Tubing  | Coherent Market Insights

The increasing prevalence of chronic and life threatening diseases such as cancer, diabetes, cardiovascular diseases, and others is expected to drive demand for medical metal tubing which is required during the treatment procedure of a patient.

High prevalence of chronic and life threatening diseases such as cancer, diabetes, cardiovascular diseases, and others is expected to be one of the important factors driving growth of the global medical metal tubing market during the forecast period.

For instance, according to the International Agency for Research on Cancer’s  2018 report, there were around 18.1 million new cases and 9.6 million deaths due to cancer in 2018. Moreover, according to the same source, one in 5 men and one in 6 women worldwide develop cancer during their lifetime, and one in 8 men and one in 11 women die due to the disease. Similarly, according to the same source, the total number of people who are alive within 5 years of a cancer diagnosis (called the 5-year prevalence) was around 43.8 million across the globe in 2018.

According to the World Health Organization’s 2017 report, an estimated 17.9 million people died from cardiovascular diseases (CVDs) in 2016, representing 31% of all global deaths, out of which, around 85% deaths were caused due to heart attack and stroke.

Figure 2. Global Medical Metal Tubing Market Share (%), by Material, 2020

Medical Metal Tubing  | Coherent Market Insights

Collaborations and acquisitions among key players are expected to drive the market growth during the forecast period.

Key players in the market are focused on strategic collaborations and acquisitions in order to expand their product portfolio and geographical presence by offering medical metal tubing products in untapped markets. Such strategic collaborations and acquisitions are expected to create a conducive environment for the market growth in the near future.

For instance, in December 2019, Sandvik AB acquired Summerill Tube Corporation, a manufacturer of high precision tubes. As a result of this acquisition, Sandvik AB has expanded its precision tubes portfolio and increased its share in the global market.

In October 2018, Cook Group opened its new facility in Indianapolis, Indiana, U.S. and announced a collaboration with Indiana University School of Medicine to develop tools and technologies that advance solutions in emerging areas of immunotherapy, precision medicine, drug delivery, regenerative medicine, and bioprinting.

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Medical Metal Tubing Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 576.0 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.5% 2027 Value Projection: US$ 893.1 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Material: Stainless Steel, Titanium, Nitinol (NiTi).
  • By Application: Dialysis or Intravenous Tubing, Catheters & Cannulas, Drug Delivery Systems, Other Applications.
Companies covered:

AMETEK Inc., Sandvik AB, Teshima, Om Steel Tubes Ltd., Tech Tube, Inc., TE Connectivity, Bison Stainless Tube, LLC, K-Tube Technologies (Cook Group), Vita Needle Company, M&M International, Fuji Seiko, and Minitubes.

Growth Drivers:
  • The increasing prevalence of chronic and life threatening diseases
  • The strategic collaborations and acquisitions among key players
Restraints & Challenges:
  • Increasing use of medical tubing made from plastic.

Global Medical Metal Tubing Market – Impact of the Coronavirus (Covid-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries around the globe with the World Health Organization declaring it a public health emergency. According to the World Health Organization’s report, the manifestation of the coronavirus (COVID-19) has resulted in more than 16.2 million infected individuals worldwide as of 27 July 2020. Furthermore, the global COVID-19 pandemic has led to a pause in manufacturing activities across the globe, which has affected demand for metal, as well as production and processing of medical metal tube products and accessories. The most critically impacted end-use segments in the metal tubes industry are medical, automotive & transportation, consumer goods, industrial equipment, construction, and electronics.

Global Medical Metal Tubing Market: Restraint

With advancements in medical technology and development of minimally invasive procedures, medical device designers are focusing on introducing smaller diameter medical tubing products that are sophisticated yet cost-effective. Medical metal tubing has a wide range of applications in disease diagnosis, treatment and it is also used in manufacturing medical devices. However, use of medical tubes made from plastic is increasing which is expected to hamper the market growth during the forecast period.

Key Players

Major players operating in the global medical metal tubing market are AMETEK Inc., Sandvik AB, Teshima, Om Steel Tubes Ltd., Tech Tube, Inc., TE Connectivity, Bison Stainless Tube, LLC, K-Tube Technologies (Cook Group), Vita Needle Company, M&M International, Fuji Seiko, and Minitubes.

Medical metal tubing is widely used in medical or pharmaceutical applications. It is made of stainless steel, titanium and Nitinol metal. Furthermore, medical metal tubing is used as bulk disposable tubing, in catheters & cannulas, for draining blood, in peristaltic pumps, and drug delivery systems among others. The global medical metal tubing market growth is driven by the expanding medical industry in developed and developing regions. The increasing spending on healthcare coupled with rising health awareness and growing geriatric population is driving the market growth. The demand for surgical implants is escalating owing to biocompatibility and lubricity of material used in the manufacturing of surgical implants. Increasing number of non-invasive treatment procedures is propelling the market growth in emerging economies such as India and China. Moreover, the increasing demand for technically advanced medical devices in various neurological and surgical applications is favoring demand for medical metal tubing. For instance, RAUMEDIC’S intracranial brain pressure catheter (IPC) made using single lumen tubing is embedded with a microchip which measures brain pressure and temperature & oxygen level.

Market Dynamics

Major players in the market are focused on research and development of technologically advanced tubes which is expected to drive the market growth during the forecast period. For instance, in December 2017, MicroGroup, a subsidiary of TE Connectivity, completed the installation of a new state-of-the-art Tridex Electro Chemical Grinder (ECG). This new technology provides additional grinding capabilities for high precision tight tolerance needles and tubes.

Key features of the study:

  • This report provides in-depth analysis of the global medical metal tubing market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global medical metal tubing market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study are AMETEK Inc., Sandvik AB, Teshima, Om Steel Tubes Ltd., Tech Tube, Inc., TE Connectivity, Bison Stainless Tube, LLC, K-Tube Technologies (Cook Group), Vita Needle Company, M&M International, Fuji Seiko, and Minitubes
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, type up-gradation, market expansion, and marketing tactics
  • The global medical metal tubing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical metal tubing market.

Detailed Segmentation:

  • Global Medical Metal Tubing Market, By Material:
    • Stainless Steel
    • Titanium
    • Nitinol (NiTi)
  • Global Medical Metal Tubing Market, By Application:
    • Dialysis or Intravenous Tubing
    • Catheters & Cannulas
    • Drug Delivery Systems
    • Others
  • Global Medical Metal Tubing Market, By Region:
    • North America
      • By Material
        • Stainless Steel
        • Titanium
        • Nitinol (NiTi)
      • By Application
        • Dialysis or Intravenous Tubing
        • Catheters & Cannulas
        • Drug Delivery Systems
        • Others
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Material
        • Stainless Steel
        • Titanium
        • Nitinol (NiTi)
      • By Application
        • Dialysis or Intravenous Tubing
        • Catheters & Cannulas
        • Drug Delivery Systems
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Material
        • Stainless Steel
        • Titanium
        • Nitinol (NiTi)
      • By Application
        • Dialysis or Intravenous Tubing
        • Catheters & Cannulas
        • Drug Delivery Systems
        • Others
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Material
        • Stainless Steel
        • Titanium
        • Nitinol (NiTi)
      • By Application
        • Dialysis or Intravenous Tubing
        • Catheters & Cannulas
        • Drug Delivery Systems
        • Others
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Material
        • Stainless Steel
        • Titanium
        • Nitinol (NiTi)
      • By Application
        • Dialysis or Intravenous Tubing
        • Catheters & Cannulas
        • Drug Delivery Systems
        • Others
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Material
        • Stainless Steel
        • Titanium
        • Nitinol (NiTi)
      • By Application
        • Dialysis or Intravenous Tubing
        • Catheters & Cannulas
        • Drug Delivery Systems
        • Others
      • By Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • AMETEK Inc.*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Sandvik AB
    • Teshima
    • Om Steel Tubes Ltd.
    • Tech Tube, Inc.
    • TE Connectivity
    • Bison Stainless Tube, LLC
    • K-Tube Technologies (Cook Group)
    • Vita Needle Company
    • M&M International
    • Fuji Seiko
    • Minitubes

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Material
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Highlights
    • Regulatory Scenario
    • PEST Analysis
    • Porter’s Analysis
    • Mergers and Acquisition
  4. Global Medical Metal Tubing Market – Impact of the Coronavirus (Covid-19) Pandemic
    • Impact assessment
    • Pre COVID-19 Market Scenario
    • Post COVID-19 Market Scenario
    • Government measures to combat COVID-19
  5. Global Medical Metal Tubing Market, By Material, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Stainless Steel
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Titanium
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Nitinol (NiTi)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Medical Metal Tubing Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Dialysis or Intravenous Tubing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Catheters & Cannulas
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Drug Delivery Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Medical Metal Tubing Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • AMETEK Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sandvik AB
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Teshima
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Om Steel Tubes Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Tech Tube, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • TE Connectivity
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bison Stainless Tube, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • K-Tube Technologies (Cook Group)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Vita Needle Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • M&M International
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Fuji Seiko
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Minitubes
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 27 market data tables and 26 figures on "Medical Metal Tubing Market” - Global forecast to 2027

Frequently Asked Questions

The global medical metal tubing market size is estimated to be valued at US$ 576.0 million in 2020 and is expected to exhibit a CAGR of 6.5% between 2020 and 2027.
The increasing prevalence of chronic and life threatening diseases and strategic collaborations and acquisitions among key players is expected to drive the market growth during the forecast period.
The stainless steel material segment is expected to hold major market share, owing to product approvals and launches during the forecast period.
North America medical metal tubing market is expected to generate highest revenue share during the forecast period.
Major factors hampering growth of the market include increasing use of medical tube made from plastic.
Major players operating in the global medical metal tubing market are AMETEK Inc., Sandvik AB, Teshima, Om Steel Tubes Ltd., Tech Tube, Inc., TE Connectivity, Bison Stainless Tube, LLC, K-Tube Technologies (Cook Group), Vita Needle Company, M&M International, Fuji Seiko, and Minitubes.
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