MEDICAL METAL TUBING MARKET ANALYSIS

Global medical metal tubing market is estimated to be valued at US$ 704.2 million in 2023 and is expected to exhibit a CAGR of 7.4% during the forecast period (2023-2030).

Analysts’ views on global medical metal tubing market:

Increasing prevalence of chronic diseases, new product launches, and strategies like mergers, acquisitions, and collaboration are expected drive the global medical metal tubing market growth over the forecast period. For instance, according to the International Diabetes Federation (IDF) Diabetes Atlas Tenth edition, 2021, around 537 million adults (20-79 years) are living with diabetes globally, in 2021. The total number of people living with diabetes is projected to rise to 643 million by 2030, and 783 million by 2045. Such rising cases of diabetes requires the use of medical tubes which can drive growth of global medical metal tubing market.

Figure 1. Global Medical Metal Tubing Market Share (%), By Product Type, 2023

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Global Medical Metal Tubing Market– Drivers

Increasing prevalence of chronic diseases

Increasing prevalence of chronic diseases is expected to drive the global medical metal tubing market growth over the forecast period. For instance, according to the World Health Organization (WHO), February 2022, cancer is the largest cause of mortality in the globe, accounting for almost 10 million fatalities in 2020 or one in every six deaths. Breast (2.26 million cases), lung (2.21 million cases), colon and rectum (1.93 million cases), prostate (1.41 million cases), skin (non-melanoma) (1.20 million cases), and stomach (1.09 million cases) were the most prevalent in 2020.

Increasing launches of new tubing

Increasing launch of new and more efficient tubes is expected to drive the global medical metal tubing market growth. For instance, on May 18, 2022, Freudenberg Medical, a Germany-based manufacturer of medical and pharmaceutical devices, introduced HelixFlex, a tubing designed for use in pharmaceutical and biopharmaceutical applications. This is an expanded offering from Freudenberg, adding to its existing pharma product portfolio of silicone tubing and fluid transfer products for bioprocessing, drug, and vaccine manufacturing, filling and sampling, peristaltic pumping, laboratory, and medical device applications. HelixFlex tubing is ideal for pharmaceutical bioprocessing applications because it can be welded to existing tubing lines, and heat-sealed to allow for easy, fast and safe fluid handling, transport, and transfer in biopharma processes. HelixFlex tubing from Freudenberg also offers many different sterilization options including autoclave, gamma irradiation, x-ray, and e-beam. Additionally, metal tubing is a more environmentally friendly option than silicone and can be recycled.

Figure 2. Global Medical Metal Tubing Market Share (US$ Million), By Region, 2023

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Global Medical Metal Tubing Market- Regional Analysis

Among region, North America is estimated to hold a dominant position in the global medical metal tubing market over the forecast period, owing to increasing launches of products. For instance, on April 5, 2022, Sonotec, a Germany-based specialist in ultrasonic measurement technology 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 tubing.  This sensor was designed specifically for use in extracorporeal life support systems (ECLS). The goal of the redesign was to improve the hybrid clamp-on sensor's safety concept while increasing its reliability and accuracy. The improved safety concept includes applications for operating rooms and intensive care units, as well as mobile emergency treatment, independent of the patient's level of consciousness.

Hence, the launch of such novel and smart tubing is expected to drive global medical metal tubing market growth.

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

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others faced problems regarding transportation of drugs from one place to another.

However, the COVID-19 pandemic had positive impact on the global medical metal tubing market, as key players operating in the global medical metal tubing market are supplying raw material for manufacturing medical devices which can help in diagnosis and treatment of patients suffering from the coronavirus. For instance, in April 2020, Sandvik AB, a Sweden-based multinational engineering company, supplied precision tubes to manufacturers of ventilators. The precision tube manufacturing facility in Palm Coast, Florida, U.S. is working double shifts to produce the EXERA medical tubes which is used in ventilators.

Global Medical Metal Tubing Market Segmentation:

Global medical metal tubing market report is segmented into material, application, end user, and region

Based on material, the global medical metal tubing market is segmented into stainless steel, titanium, nitinol (NiTi), and others. Out of which, the stainless steel segment is expected to dominate the market due to increasing use in preparation of medical tubes.

Based on application, the global medical metal tubing market is segmented into dialysis or intravenous tubing, catheters & cannulas, drug delivery systems, and other applications. Among these, dialysis or intravenous tubing segment is expected to dominate the market over the forecast period due to increasing prevalence of chronic diseases that requires intravenous tubing as part of treatment.

Based on end user, the global medical metal tubing market is segmented into hospitals, clinics, ambulatory surgical centers and others. Among these, hospitals is expected to dominate the market over the forecast period due to increasing numbers of patients in hospitals that require metal tubing in treatment.

Based on region, the global medical metal tubing market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among these, North America segment is expected to dominate the market over the forecast period due to increasing research & development activities in this region.

Among all segmentation, the material segment has the highest potential due to company’s focus on organic strategies such as technological advancements, in order to expand its product portfolio and to strengthen its market presence. For instance, In April 2022, Eagle Stainless Tube & Fabrication, Inc., a U.S.-based manufacturer and supplier of stainless steel tube for medical, energy, aerospace, and industrial industries, announced its plans on technological advancement methods such as incorporating a new CNC (computer numerical control) Tube Bending Machine to enhance the quality of bent precision tube, which are ideal for medical devices.

Global Medical Metal Tubing Market Cross Sectional Analysis:

Introduction of newer products and technologies by key market players in Europe region is expected to drive growth of material segment in the region. For instance, on April 08, 2021, Optinova, a Finland-based global manufacturer of advanced medical and industrial tubing, launched a product Cardiac Rhythm Management (CRM) Lead Tube made with thin walls to meet demanding multi-lumen design. CRM Lead Tubing can be customized to meet specific customer requirements. It has thin walls, abrasion resistant and it is flexible.

Global Medical Metal Tubing Market: Key Developments

In September 2020, Teleflex Medical OEM (Original equipment manufacturer), a U.S.-based manufacturer of micro-diameter tubing, specialty wire, and medical equipment, announced expansion of its Trenton, Georgia, U.S. facility. The facility adds 16,000 square feet as a result of the project, which houses support operations, an expanded film-cast tubing center, and a remodeled wire production space. Increased capacity was required as a result of growing domestic and worldwide demand for Teleflex Medical OEM's cutting-edge medical goods.

In May, 2021, Viant, a U.S.-based global provider medical instruments, announced that it completed over US$ 8 million expansion at its Orthopedic Implant and Coating Center of Excellence in Chaumont, France. The expansion comprises a new building with a controlled-environment room and an investment in vacuum plasma spray (VPS) coating technology. Viant's capabilities as a single-source supplier of Precision metal tubes made of stainless steel have been enhanced, and the company now has the immediate capacity to work with more orthopedic customers.

On February 2, 2022, Zeus Company Inc., a U.S.-based material science innovator, announced that it has added Sub-Lite-Wall multi-lumen tubing to its product portfolio. Zeus has extended its multi-lumen extrusion capabilities to ultra-thin walls. Zeus can produce Sub-Lite-Wall multi-lumens with average max wall thicknesses ranging from 0.002" to 0.005" (0.051 mm to 0.127 mm). In addition to ultra-thin walls, the new product features high structural integrity, improved planarity, high lubricity, and excellent dielectric strength. It is biocompatible (certified USP Class VI) and has a working temperature of 260 °C (500 °F).

On September 14, 2020, Saint-Gobain, a France-based company that designs, manufactures and distributes materials and solutions for the construction, mobility, and industrial markets, has announced the acquisition of MS Techniques, a France-based medical components company, and its sister company Transluminal Technologies, LLC, a U.S.-based developer of intellectual property related to interventional cardiovascular medical devices. MS Techniques and Transluminal have a strong track record of developing catheter technologies that fit the needs of their customers. Its acquisition will help, Saint-Gobain medical device industry to deliver minimally invasive innovation.

Global Medical Metal Tubing Market: Key Trends

Facility expansion by key market players

The company is focused on organic strategies such as facility expansion, in order to expand its product portfolio and to strengthen its market presence.

For instance, On May 30, 2022, Vicplas International Ltd., the parent company of Forefront Medical, announced that they have planned to expand its production facilities in countries, including the U.S. and China to increase its medical devices production capacity.

Acquisition strategy by key market players

Strategies like acquisition by key market players can drive growth of global medical metal tubing market on forecast period. For instance, on November 10, 2022, Molded Devices Inc., a U.S.-based medical device manufacturers, announced that it has acquired medical tubing and extrusion businesses, GlobalMed Inc., a Canada-based medical tubing manufacturer, and Guangzhou Schauenburg-truplast Hose Technology Ltd., a China-based in hose technology company. The financial terms of the deal were not disclosed. This acquisition will combine Molded Devices Inc.’s expertise with GlobalMed Inc expertise in the design, development, and production of highly engineered extrusions for specialized medical applications. This will allow Molded Devices Inc. to provide an expanded set of injection moulding, extrusion, design, development, and assembly capabilities to its customers around the world.

Global Medical Metal Tubing Market: Restraints

Recalls of metal tubing and accessories

The recalls of medical metal tubing and its accessories can hinder growth of market. For instance, on August 18, 2021, U.S. Food and Drug Administration announced recall of ZOOM 71 Reperfusion Catheter and Tubing, product of Imperative Care Inc., a U.S.-based biotechnology company, which is used to remove blood clots in the brain of a patient within eight hours of an acute ischemic stroke caused by blocked or narrowed arteries. Company is recalling specific lots of this product due to increased risk of the Zoom 71 Reperfusion Catheter breaking at a certain point (distal tip) during use, such as when the catheter is retracted forcefully. If the device breaks during use, this could lead to fractured pieces left inside the patient’s bloodstream resulting in serious adverse events such as blockage of blood vessels, stroke, and death.

To counterbalance this restraint, an efficient and safe product must be designed.

Alternative of plastic tubing in market

Alternative of plastic tubing in market can restrain growth of medical metal tubing market. Medical metal tubing has a wide range of applications in disease diagnosis, treatment and it is also used in manufacturing medical devices. Thousands of resin compounds have been developed to yield specific physical characteristics such as strength, flexibility, pushability, and lubricity, which helps in expanding the design options for tubing in new medical devices. For instance, according to an article published by the Journal Polymers, peer-reviewed, open access journal published semimonthly online by Belgian Polymer Group (BPG) on April 6, 2021, thin plastic tubing is used in catheters for a wide range of cardiovascular, urological, gastrointestinal, neurovascular, and ophthalmic applications. Plastic medical tubing in varying levels of stiffness (depending on the application) is commonly used for drainage, administration of fluids or gases, access by surgical instruments, and other tasks. Furthermore, even as the use of plastic medical tubing increases, the properties of metal tubing makes it a viable alternative for the fabrication of many medical devices. As the devices get smaller and procedures become more sophisticated, new and innovative applications for medical metal tubing will continue to emerge alongside developments in plastic.

To counterbalance this restrain, cost effective and durable metal tubing should be introduced.

Global Medical Metal Tubing Market- Key Players

Major players operating in the global medical metal tubing market 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, and K-Tube Technologies.

Global Medical Metal Tubing Market– Definition

Medical metal tubes are intrinsic components of various medical devices and are extensively used in the manufacture of catheters and cannulas, drug delivery systems, dialysis, and intravenous tubing. Medical metal tubes are usually small tubes that 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 a decrease in size of the tube. Manufacturers are also focusing on advancements in raw materials required for manufacturing medical metal tubing as these materials vary based on the application, such as for dialysis, or intravenous tubing or drug delivery system. The tubes can be manufactured from either drawn tubing or using a stamped and rolled technique. Medical metal tubes are available in a variety of shapes and sizes to cater to various applications.