Medical Metal Tubing Market, by Material (Stainless Steel, Titanium, Nitinol (NiTi), Others), by Application (Dialysis or Intravenous Tubing, Catheters & Cannulas, Drug Delivery Systems, Other Applications), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others),and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -

Published In : Jul 2023

Code : CMI4052

Pages :150

Formats :

Excel and PDF

Industry : Medical Devices

Medical Metal Tubing MarketSize and Trends

Global medical metal tubing market is estimated to be valued at US$ 704.2 million in 2023 and is expected to exhibit a CAGR of 7.4% during the forecast period (2023-2030).

Global Medical Metal Tubing Market– Drivers

Increasing prevalence of chronic diseases

Increasing prevalence of chronic diseases is expected to drive the global medical metal tubing market growth over the forecast period. For instance, according to the World Health Organization (WHO), February 2022, cancer is the largest cause of mortality in the globe, accounting for almost 10 million fatalities in 2020 or one in every six deaths. Breast (2.26 million cases), lung (2.21 million cases), colon and rectum (1.93 million cases), prostate (1.41 million cases), skin (non-melanoma) (1.20 million cases), and stomach (1.09 million cases) were the most prevalent in 2020.

Increasing launches of new tubing

Increasing launch of new and more efficient tubes is expected to drive the global medical metal tubing market growth. For instance, on May 18, 2022, Freudenberg Medical, a Germany-based manufacturer of medical and pharmaceutical devices, introduced HelixFlex, a tubing designed for use in pharmaceutical and biopharmaceutical applications. This is an expanded offering from Freudenberg, adding to its existing pharma product portfolio of silicone tubing and fluid transfer products for bioprocessing, drug, and vaccine manufacturing, filling and sampling, peristaltic pumping, laboratory, and medical device applications. HelixFlex tubing is ideal for pharmaceutical bioprocessing applications because it can be welded to existing tubing lines, and heat-sealed to allow for easy, fast and safe fluid handling, transport, and transfer in biopharma processes. HelixFlex tubing from Freudenberg also offers many different sterilization options including autoclave, gamma irradiation, x-ray, and e-beam. Additionally, metal tubing is a more environmentally friendly option than silicone and can be recycled.