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 expansion observed in the historical period can be attributed to factors such as the reliability and longevity of medical copper tubing, compliance with safety standards, its application in diagnostic and imaging equipment, the increase in home healthcare practices, and the overall 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 anticipated growth in the forecast period can be attributed to an increased demand for medical devices, a sustained emphasis on infection control, a rise in minimally invasive procedures, the expansion of home healthcare practices, and continued developments in imaging technology. Major trends expected in the forecast period include the incorporation of antimicrobial properties in medical copper tubing, advancements in manufacturing technology, a further increase in minimally invasive procedures, a shift towards home healthcare, and an increased utilization of medical copper tubing in imaging and diagnostic equipment.
The growth in the number of surgeries is anticipated to drive the expansion of the medical copper tubing market in the future. Surgical procedures involve medical techniques that entail making incisions using specialized equipment to either heal damage or halt diseases within a living body. Medical copper tubing plays a crucial role in maintaining cleanliness and meeting low-maintenance requirements for life-saving tools, surgical and treatment equipment, as well as medical vacuum systems used to extract gases and fluids from patient-treatment areas during surgeries. For example, a report published in April 2022 by The Aesthetic Society on aesthetic plastic surgery statistics revealed a 54% increase in overall surgical procedures in 2021 compared to 2020. Notably, the total number of body surgery procedures surged from 564,303 in 2020 to 921,664 in 2021, indicating a 63% increase. Consequently, the rise in surgical procedures is fostering the growth of the medical copper tubing market.
The escalating healthcare expenditure is expected to contribute to the advancement of the medical copper tubing market. Healthcare expenditure encompasses all costs related to providing family planning services, nutrition programs, health-focused emergency assistance, and health services. An increase in healthcare spending is such as to drive innovations in medical copper tubing, enhancing patient access to high-quality pharmaceutical equipment. As of March 2023, the American Medical Association reported a 2.7% rise in healthcare spending in the United States, reaching $12,914 per person or $4.3 trillion in 2021. Thus, the upward trend in healthcare spending is propelling the growth of the medical copper tubing market.
The surge in demand for medical devices is expected to be a driving force behind the growth of the medical copper tubing market. Medical devices are products designed for use in human healthcare to diagnose, treat, or monitor various medical conditions. Copper tubing is commonly employed in medical devices to transport medical gases such as oxygen, nitrous oxide, and carbon dioxide in hospitals and other healthcare settings. Notably, according to the Medical Device Network, North America witnessed an increase in medical device deal activity from $21.57 billion in November 2021 to $42.01 billion in December 2021. Consequently, the growing demand for medical devices is fueling the expansion of the medical copper tubing market.
A prominent trend in the medical copper tubing market is the introduction of innovative products by major companies to reinforce their market position. For instance, in June 2021, KME, a Germany-based manufacturer of copper and copper alloy products, unveiled a range of innovative products, including medical copper tubes with antimicrobial properties designed to enhance health protection in highly frequented public places. The SaCup series of products, which are 100% recyclable, include finished and semi-finished items used for neutralizing viruses and germs in hospitals, particularly for hospital beds and table constructions. These products offer various benefits, including durability, health safety, and sustainability.
In September 2022, Longship Group, a US-based workforce consulting and solutions firm, completed the acquisition of Lawton Group for an undisclosed amount. This strategic acquisition introduces a new service to Longship Group's healthcare sector offerings by providing nonclinical healthcare solutions. Lawton Group, a UK-based company specializing in medical copper tubing, contributes to the expansion of Longship Group's suite of product offerings in the healthcare sector.
Major companies operating in the medical copper tubing market report are Amico Group of Companies, KME Group, Mueller Streamline Co., BeaconMedaes LLC, Cerro Flow Products LLC, UACJ Corp., ABC Tube Company Pvt. Ltd., B. Braun SE, Becton, Dickinson and Company, Merck & Co. Inc., Nordson Corporation, Novair Medical, Precision U.K. Ltd., Mehta Tubes Ltd., Great Lakes Copper Ltd., Mueller Industries Inc., Cambridge-Lee Industries LLC, J & D Tube Benders Inc., Wieland-Werke AG, NOVAIR Medical, Atlas Copco AB, Leggett & Platt Incorporated, Precision Marshall Steel Company, Luvata Oy, Brassco Tube Industries, Copper Tubing Sales, Metal Associates, Jugal Tube Pvt. Ltd., Hindustan Copper Ltd., Bhagyanagar India Ltd.
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. The countries covered in the medical copper tubing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of medical copper tubing include bracketing fittings and tubing. Bracketing tubes refer to connecting tubes with a diameter of 27.6 mm made of copper, serving as tube connectors used internally and externally in healthcare settings. These tubes are utilized in various applications, such as for carbon dioxide, medical air, medical vacuum, nitrogen, nitrous oxide, and oxygen. Medical copper tubing finds use in diverse healthcare facilities, including nursing homes, hospitals, ambulatory surgical centers, and specialty clinics.
The medical copper tubing market research report is one of a series of new reports that provides medical copper tubing market statistics, including medical copper tubing industry global market size, regional shares, competitors with a medical copper tubing market share, detailed medical copper tubing market segments, market trends, and opportunities, and any further data you may need to thrive in the medical copper tubing industry. This medical copper tubing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 anticipated growth in the forecast period can be attributed to an increased demand for medical devices, a sustained emphasis on infection control, a rise in minimally invasive procedures, the expansion of home healthcare practices, and continued developments in imaging technology. Major trends expected in the forecast period include the incorporation of antimicrobial properties in medical copper tubing, advancements in manufacturing technology, a further increase in minimally invasive procedures, a shift towards home healthcare, and an increased utilization of medical copper tubing in imaging and diagnostic equipment.
The growth in the number of surgeries is anticipated to drive the expansion of the medical copper tubing market in the future. Surgical procedures involve medical techniques that entail making incisions using specialized equipment to either heal damage or halt diseases within a living body. Medical copper tubing plays a crucial role in maintaining cleanliness and meeting low-maintenance requirements for life-saving tools, surgical and treatment equipment, as well as medical vacuum systems used to extract gases and fluids from patient-treatment areas during surgeries. For example, a report published in April 2022 by The Aesthetic Society on aesthetic plastic surgery statistics revealed a 54% increase in overall surgical procedures in 2021 compared to 2020. Notably, the total number of body surgery procedures surged from 564,303 in 2020 to 921,664 in 2021, indicating a 63% increase. Consequently, the rise in surgical procedures is fostering the growth of the medical copper tubing market.
The escalating healthcare expenditure is expected to contribute to the advancement of the medical copper tubing market. Healthcare expenditure encompasses all costs related to providing family planning services, nutrition programs, health-focused emergency assistance, and health services. An increase in healthcare spending is such as to drive innovations in medical copper tubing, enhancing patient access to high-quality pharmaceutical equipment. As of March 2023, the American Medical Association reported a 2.7% rise in healthcare spending in the United States, reaching $12,914 per person or $4.3 trillion in 2021. Thus, the upward trend in healthcare spending is propelling the growth of the medical copper tubing market.
The surge in demand for medical devices is expected to be a driving force behind the growth of the medical copper tubing market. Medical devices are products designed for use in human healthcare to diagnose, treat, or monitor various medical conditions. Copper tubing is commonly employed in medical devices to transport medical gases such as oxygen, nitrous oxide, and carbon dioxide in hospitals and other healthcare settings. Notably, according to the Medical Device Network, North America witnessed an increase in medical device deal activity from $21.57 billion in November 2021 to $42.01 billion in December 2021. Consequently, the growing demand for medical devices is fueling the expansion of the medical copper tubing market.
A prominent trend in the medical copper tubing market is the introduction of innovative products by major companies to reinforce their market position. For instance, in June 2021, KME, a Germany-based manufacturer of copper and copper alloy products, unveiled a range of innovative products, including medical copper tubes with antimicrobial properties designed to enhance health protection in highly frequented public places. The SaCup series of products, which are 100% recyclable, include finished and semi-finished items used for neutralizing viruses and germs in hospitals, particularly for hospital beds and table constructions. These products offer various benefits, including durability, health safety, and sustainability.
In September 2022, Longship Group, a US-based workforce consulting and solutions firm, completed the acquisition of Lawton Group for an undisclosed amount. This strategic acquisition introduces a new service to Longship Group's healthcare sector offerings by providing nonclinical healthcare solutions. Lawton Group, a UK-based company specializing in medical copper tubing, contributes to the expansion of Longship Group's suite of product offerings in the healthcare sector.
Major companies operating in the medical copper tubing market report are Amico Group of Companies, KME Group, Mueller Streamline Co., BeaconMedaes LLC, Cerro Flow Products LLC, UACJ Corp., ABC Tube Company Pvt. Ltd., B. Braun SE, Becton, Dickinson and Company, Merck & Co. Inc., Nordson Corporation, Novair Medical, Precision U.K. Ltd., Mehta Tubes Ltd., Great Lakes Copper Ltd., Mueller Industries Inc., Cambridge-Lee Industries LLC, J & D Tube Benders Inc., Wieland-Werke AG, NOVAIR Medical, Atlas Copco AB, Leggett & Platt Incorporated, Precision Marshall Steel Company, Luvata Oy, Brassco Tube Industries, Copper Tubing Sales, Metal Associates, Jugal Tube Pvt. Ltd., Hindustan Copper Ltd., Bhagyanagar India Ltd.
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. The countries covered in the medical copper tubing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of medical copper tubing include bracketing fittings and tubing. Bracketing tubes refer to connecting tubes with a diameter of 27.6 mm made of copper, serving as tube connectors used internally and externally in healthcare settings. These tubes are utilized in various applications, such as for carbon dioxide, medical air, medical vacuum, nitrogen, nitrous oxide, and oxygen. Medical copper tubing finds use in diverse healthcare facilities, including nursing homes, hospitals, ambulatory surgical centers, and specialty clinics.
The medical copper tubing market research report is one of a series of new reports that provides medical copper tubing market statistics, including medical copper tubing industry global market size, regional shares, competitors with a medical copper tubing market share, detailed medical copper tubing market segments, market trends, and opportunities, and any further data you may need to thrive in the medical copper tubing industry. This medical copper tubing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Medical Copper Tubing Market Characteristics3. Medical Copper Tubing Market Trends and Strategies31. Global Medical Copper Tubing Market Competitive Benchmarking32. Global Medical Copper Tubing Market Competitive Dashboard33. Key Mergers and Acquisitions in the Medical Copper Tubing Market
4. Medical Copper Tubing Market - Macro Economic Scenario
5. Global Medical Copper Tubing Market Size and Growth
6. Medical Copper Tubing Market Segmentation
7. Medical Copper Tubing Market Regional and Country Analysis
8. Asia-Pacific Medical Copper Tubing Market
9. China Medical Copper Tubing Market
10. India Medical Copper Tubing Market
11. Japan Medical Copper Tubing Market
12. Australia Medical Copper Tubing Market
13. Indonesia Medical Copper Tubing Market
14. South Korea Medical Copper Tubing Market
15. Western Europe Medical Copper Tubing Market
16. UK Medical Copper Tubing Market
17. Germany Medical Copper Tubing Market
18. France Medical Copper Tubing Market
19. Italy Medical Copper Tubing Market
20. Spain Medical Copper Tubing Market
21. Eastern Europe Medical Copper Tubing Market
22. Russia Medical Copper Tubing Market
23. North America Medical Copper Tubing Market
24. USA Medical Copper Tubing Market
25. Canada Medical Copper Tubing Market
26. South America Medical Copper Tubing Market
27. Brazil Medical Copper Tubing Market
28. Middle East Medical Copper Tubing Market
29. Africa Medical Copper Tubing Market
30. Medical Copper Tubing Market Competitive Landscape and Company Profiles
34. Medical Copper Tubing Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Medical Copper Tubing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on medical copper tubing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for medical copper tubing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Product Type: Bracketing; Fittings; Tubing
2) By Application: Carbon Dioxide; Medical Air; Medical Vacuum; Nitrogen; Nitrous Oxide; Oxygen
3) By End-user: Nursing Home; Hospitals; Ambulatory Surgical Centers; Specialty Clinics
Companies Mentioned: Amico Group of Companies; KME Group; Mueller Streamline Co.; BeaconMedaes LLC; Cerro Flow Products LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Amico Group of Companies
- KME Group
- Mueller Streamline Co.
- BeaconMedaes LLC
- Cerro Flow Products LLC
- UACJ Corp.
- ABC Tube Company Pvt. Ltd.
- B. Braun SE
- Becton, Dickinson and Company
- Merck & Co. Inc.
- Nordson Corporation
- Novair Medical
- Precision U.K. Ltd.
- Mehta Tubes Ltd.
- Great Lakes Copper Ltd.
- Mueller Industries Inc.
- Cambridge-Lee Industries LLC
- J & D Tube Benders Inc.
- Wieland-Werke AG
- NOVAIR Medical
- Atlas Copco AB
- Leggett & Platt Incorporated
- Precision Marshall Steel Company
- Luvata Oy
- Brassco Tube Industries
- Copper Tubing Sales
- Metal Associates
- Jugal Tube Pvt. Ltd.
- Hindustan Copper Ltd.
- Bhagyanagar India Ltd.