Throughout the projected period, the rising launch of improved tubing with cutting-edge technical features is likely to boost development in the worldwide medical metal tubing market. Leading market players are focusing on facility expansion in order to improve their worldwide market presence, which is projected to fuel the global medical metal tubing market growth during the forecast period. The increasing usage of plastic medical tubes is a market restraint. The COVID-19 pandemic is predicted to stifle growth in the global medical metal tubing market because to disruptions in medical material supply, owing to quarantine and unavailability of workers and raw supplies. The movement of raw materials across regions is impossible since the link between regional warehouses is not seamless. As a result, a lack of raw materials has hampered the worldwide medical metal tubing market's supply chain.
According to Coherent Market Insights, Global Medical Metal Tubing Market is estimated to be valued at US$ 656.20 Mn in 2022 and is expected to exhibit a CAGR of 7.4% over the forecast period (2022-2030)
Prominent Companies in the Medical Metal Tubing Industry:
1. AMETEK Inc.
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.
2. Alleima
Alleima AB (publ) develops, manufactures, and supplies value-added products in stainless steels and special alloys, and products for industrial heating in Europe, North America, Asia, and internationally. The company was founded in 1862 and is headquartered in Sandviken, Sweden.
3. Om Steel Tubes Ltd.
Manufacturer of stainless steel capillary tubing's catering to the medical and construction industry. The company offers a range of products that include welded and cold drawn tubes, hypodermic disposable needles, cannulate, dental, heating element welded tubes, tubular heater welded tubes, and more. The company was founded in 1981, headquartered in New Delhi.
4. Bison Stainless Tube, LLC
Bison Stainless Tube is a manufacturer of stainless steel hypodermic and fractional tubing. The company was founded in 2011, headquartered in Texas.
5. Vita Needle Company
Founded in 1932 during the Great Depression, attention to detail by experienced craftspeople and engineers helped Vita Needle Company build a reputation for superior quality, service and value. Five generations of continuous ownership and management later, this founding strategy is still our cornerstone today. The company is headquartered in Massachusetts, U.S.
6. M&M International
M&M International is an original equipment manufacturer specializing in kelly valves, safety valves, top drive valves, and inside BOP valves utilized during the exploration, completion, and production of oil and natural gas wells. The company was founded in 1984, headquartered in Switzerland.
7. Fuji Seiko
Fuji Seiko is an industrial company that design, manufacture, and market automobile, housing equipment, and aerospace equipment parts. The company was founded in 1974, headquartered in Japan.
8. Eagle Stainless Tube & Fabrication, Inc.
Eagle Stainless Tube and Fabrication supplied stainless steel tubes to the medical, energy, aerospace, and industrial industries. The company was founded in 1982, headquartered in Massachusetts, U.S.
9. Teleflex Incorporated
Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company was incorporated in 1943 and is headquartered in Wayne, Pennsylvania.
*Definition- Medical metal tubes are essential components of many medical devices and are widely utilised in the production of catheters and cannulas, medication delivery systems, dialysis, and intravenous tubing.
