Medical Metal Tubing Market is estimated to be valued at US$ 1,161.9 Mn in 2030

A newly published report by Coherent Market Insights reveals a sustainable growth opportunity in the medical metal tubing market. Coherent Market Insights’ analyst projected the medical metal tubing market to be valued at US$ 1,161.9 Mn in 2030. It is expected to exhibit a CAGR of 7.4 % over the forecast period 2023 -2030.

Rising demand from healthcare industry and growing utilization of minimally invasive surgeries drives market growth. Medical metal tubes find wide application in medical devices such as biopsy instruments, catheters, and guidewires.

Increasing prevalence of chronic diseases such as cardiovascular diseases, respiratory diseases, and cancers along with technological advancements have increased demand for medical metal tubes. Surging number of angiography procedures, interventional radiography, and surgical procedures are further augmenting market growth.

Key market trends include Growing demand for stainless steel tubes- Stainless steel finds wide acceptance in the medical tubing industry due to its high tensile strength, durability and corrosion resistance properties. It is primarily used in surgical and medical devices such as biopsy forceps, hypodermic tubes, guidewires, and coronary stents. The inert property of stainless steel prevents interaction with bodily fluids and tissues. Increasing preference for stainless steel over traditional nickel titanium and nitinol alloys is a major trend in the market.

Rising popularity of antimicrobial coated tubes-Application of antimicrobial coating helps reduce infections and complications. Customized antimicrobial coatings are being applied to interior and exterior surfaces of metal tubes. Silver, copper and other antimicrobial agents are used in the coatings. This prevents growth of microbes and reduces risk of hospital acquired infections. Growing awareness regarding benefits of antimicrobial coatings is propelling the demand in the market.

Medical Metal Tubing Market Opportunities: By material segment– The stainless-steel segment is expected to hold the largest market share over the forecast period. Stainless steel offers excellent corrosion resistance and durability, making it suitable for applications where tubing will be exposed to bodily fluids or harsh chemicals. It is commonly used for dialysis and intravenous tubing as well as other medical devices.

The catheters and cannulas segment holds a dominant position within the application segment. Metal tubing is often preferred over plastic for catheters and cannulas due to its kink resistance and ability to maintain an open lumen. This ensures smooth fluid flow and makes metal tubing safer for applications involving infusion or drainage of fluids.

Key Market Takeaways: The global medical metal tubing market is anticipated to witness a CAGR of 7.4% during the forecast period 2023-2030. This is owing to the growing elderly population and rising incidence of chronic diseases.

On the basis of material, the stainless-steel segment is expected to hold a dominant position. This is owing to its corrosion resistance and durability.

Within applications, the catheters and cannulas segment is expected to lead the market. This is due to the widespread use of metal tubing in these devices.

By end user, hospitals are expected to dominate the market over the forecast period. This is due to the large number of surgical procedures conducted in hospitals.

North America is expected to hold the largest market share over the forecast period. This is due to well-established healthcare infrastructure and higher healthcare spending in the region.

Competitor Insights: Key players operating in the medical metal tubing market include AMETEK Inc., Alleima, Teshima 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, International Corporation.

Recent 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. More information in full report