Categories: Healthcare

Medical Copper Tubing Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Medical Copper Tubing by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Medical Copper Tubing, 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..

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.

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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

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 report table of contents includes: