Global Medical Metal Tubing Market, by Material (Stainless Steel, Titanium, Nitinol (NiTi), Others), by Application (Dialysis or Intravenous Tubing, Catheters & Cannulas, Drug Delivery Systems, Other Applications), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 656.20 billion in 2022 and is expected to exhibit a CAGR of 7.4% during the forecast period (2022-2030).

Increasing number of ambulatory surgical centers in the U.S. is expected drive growth of the global medical metal tubing market over the forecast period. For instance, according to the Society for cardiovascular, Angiography & Interventions: 2022, there are 5,375 Ambulatory Surgery Centers in the U.S. as of 2022, an increase of 4.2% from 2021. Increasing ambulatory surgical centers are expected to increase the use of medical tubing in the centers.

Key Players are focusing on organic strategies such as technological advancements, in order to expand its product portfolio and to strengthen its market presence, which is expected to drive growth of the global medical metal tubing market, over the forecast period. In April 2022, Eagle Stainless Tube & Fabrication, Inc. a metal supplier, 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 - Impact of Coronavirus (COVID – 19) Pandemic

The coronavirus disease (COVID-19) pandemic is expected to hamper growth of the global medical metal tubing market, over the forecast period. COVID-19 is the recent pandemic outbreak, which was first reported on December 31, 2019 in Wuhan, China. The World Health Organization declared coronavirus disease (COVID-19) as a pandemic on March 11, 2020. According to the World Health Organization (WHO) Weekly epidemiological update on COVID-19, the number of new cases decreased by September 11, 2022. Therefore, as of September 11, 2022, 605 million confirmed cases and 6.4 million deaths have been reported globally.

During COVID-19 pandemic global medical metal tubing market is expected to show low growth, as healthcare industries have faced challenged in supplies of heath care products during the COVID-19 pandemic. For instance, according to data published on May 6, 2021, by National Center for Biotechnology Information the global lockdown negatively impacted the manufacturing industries and supplies of healthcare products, which is expected to hamper growth of the global medical metal tubing market.

Browse 28 Market Data Tables and 32 Figures spread through 298 Pages and in-depth TOC on global medical metal tubing market, by Material (Stainless Steel, Titanium, Nitinol (NiTi), Others), by Application (Dialysis or Intravenous Tubing, Catheters & Cannulas, Drug Delivery Systems, Other Applications), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

To know the latest trends and insights prevalent in the Medical Metal Tubing Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/medical-metal-tubing-market-4052

Increasing development and launch of novel medical metal tubing by emerging market players is expected to drive growth of the global medical metal tubing market, over the forecast period. For instance, in 2017, Israel-based startup ART Medical Ltd. developed sensor-based smart tubes, which enable healthcare professionals to collect comprehensive patient data. The development of new technologies is expected to boost the global medical metal tubing market.

Key Takeaways of the Global Medical Metal Tubing Market:

  • Global medical metal tubing market is expected to exhibit a CAGR of 7.4% over the forecast period (2022-2030), owing to growth in potential markets, especially in Europe. While North America accounted for the major market share.
  • Increasing per capita healthcare spending in the regions such as in Latin America is expected to drive the market growth of the global medical metal tubing market over the forecast period. For instance, according to the World Bank estimates, in 2017, per capita healthcare expenditure increased significantly across Latin America for the six-year (2008–2014) interval. It showed a 31% increase in Brazil, 54% in Chile, and 58% in Columbia.
  • 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

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