Metal tubes are used for disposable and reusable medical instruments such as drug delivery systems, intravenous tubing, etc. The tubes can be manufactured from either drawn tubing or using a stamped and rolled technique. In manufacturing Metal tubes, the rolled tube technology method is better suited for high-quantity tubes. This method requires the use of a progressive stamping die and raw stock in coil form, usually stainless steel for surgical instruments.
Manufacturers offer stainless steel tubing which are ideal for the Orthopedic, Arthroscopic, Minimally Invasive Surgical Instruments, and Diagnostics markets. These tubes are manufactured from materials such as 17-7 stainless steel, and core alloys such as 304/304L, 316/316L, and 321.
Market Dynamics
Global medical Metal tubing market is primarily driven by increasing prevalence of chronic diseases and life threatening diseases such as cancer, diabetes, and cardiovascular diseases which in turn increases demand for medical Metal tubing for the treatment of these diseases. For instance, according to the International Diabetes Federation (IDF) Diabetes Atlas Tenth edition 2021, around 537 million adults (20-79 years) were 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.
Increasing adoption of inorganic growth strategies by key players such as agreements to increase their product portfolio is expected to propel growth of the global medical Metal tubing market. For instance, in October 2021, Tenaris S.A, a global manufacturer and supplier of steel pipes and related services, announced that it had entered into an agreement with MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan, for the sale of its structural pipe business in the U.S. The sale of structural pipe unit in Geneva, is in line with Tenaris's long-term strategy of focusing on core businesses, serving the domestic market with pipes and innovative services.
Key features of the study:
- This report provides an in-depth analysis of the global medical Metal tubing market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global medical Metal tubing market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study 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
- Insights from this report would allow marketers and management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global medical Metal tubing market report caters to various stakeholders in this industry including investors, suppliers, 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)
- Others
- Global Medical Metal tubing Market, By Application:
- Dialysis or Intravenous Tubing
- Catheters & Cannulas
- Drug Delivery Systems
- Other Applications
- Global Medical Metal tubing Market, By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
- Global Medical Metal tubing Market, By Region:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- Asia Pacific
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- South Africa
- Central Africa
- North Africa
- Company Profiles
- AMETEK Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- 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
- K-Tube Technologies
"*" marked represents similar segmentation in other categories in the respective section.