Medical Copper Tubing – Where Durability Meets Performance
The quest for standard metal types to develop utilitarian medical tubing continues to tread on a topsy-turvy path, wherein, the choice of metal is majorly driven by the nature as well as type of the target application. Medical applications entail tubing systems that successfully adhere to their specifications, and copper, by far, leads the race as one of the highly-favored base metals used for medical tubing. Sensing the unassailable demand for copper in medical tubing paradigms, production-ramp and capacity expansion seem to be the best ways forward for manufacturers to stay ahead of the pack.
In case of sensitive healthcare set-ups and installations, functionality and durability continue to dictate the choice of metals for engineering tubing systems. Copper tubes are known to have exceptional endurance to high operating pressures, and offer unmatched durability, which makes them ideal for designing agile and effective medical tubing frameworks. Taking into account the unstoppable demand for medical copper tubing, Persistence Market Research (PMR) unveils epoch-making opportunities in the global medical copper tubing market for readers to pin their hopes on.
Medical Copper Tubing – How Demand Unfolded
It all started when 'development' and 'advancements' emerged as two of the major buzzwords across healthcare pools. Massive investments in the healthcare industry are breathing new life into multiple aspects of a successful healthcare set-up, including medical tubing infrastructure. Copper tubing started gaining its due in the healthcare sector on account of its multiple advantages over conventional tubing, such as extended durability, flexibility, convenience, antibacterial properties, and non-flammable quality, to name a few. Revenue from the medical copper tubing market closed in on a valuation of nearly US$ 1,200 Mn in 2018.
Copper remains one among the high-priced commodities, predominantly determined by the ability of copper suppliers to extract as well as transport. But therein lies the challenge – the high price of copper compels healthcare services to turn to PEX, otherwise known as cross-linked polyethylene, as a viable alternative in terms of price as well as performance. The costs of PEX is around 25 percent less, on average, than that of copper, and it offers unparalleled ease of installation, challenging the adoption of medical copper tubing. However, copper retains its quality of being recyclable, resellable, and valuable - three characteristics that are likely to place medical copper tubing on a pedestal through to 2029.
Medical Copper Tubing - Trends Transforming Manufacturing Pools
One of the key trends making a mark in the medical copper tubing landscape is the increasing requirement for low coefficient of friction on either sides of the tubing, as per requirements. In a bid to achieve this, manufacturers are increasingly counting on additives, mostly thermoplastic elastomers, to reduce the coefficient of friction and facilitate the lubricity quotient of the tubing. Radical customization, along with a novel business model, is emerging as the new route to success in the medical copper tubing market, as customers are holding tailor-made solutions in high regard.
'Less is the new more' is driving the trend of miniaturization in almost every field, and this trend has started becoming highly apparent in the medical copper tubing market space. The constant push for smaller solutions is exerting considerable pressure on manufacturers to engineer tubing with small diameters.
Medical Copper Tubing Market - How are Brands Realigning with the Evolving Demand
e-Commerce continues to be a megatrend influencing sales and distribution parameters in almost every industry. Manufacturers of medical copper tubing are also eyeing lucrative opportunities in the e-Commerce space, wherein, the scope of effective interaction with customers is imminent. For instance, in 2019, Lapp Tannehill, a leading provider of wires, cables, connectivity, and tubing products, launched its exclusive e-Commerce website. The company’s goal behind this launch is to extend its customer reach via the introduction of a 'one-stop' platform for all types of wiring and tubing needs.
Manufacturers in the medical copper tubing market are focusing on product upgradation, which, in turn, will help them position their products in a better way. They are are placing high emphasis on corrosion, flow pressure, and heat intensity, which rank among the highly-valued characteristics in the medical copper tubing space. Ease of maintenance remains a key cornerstone for manufacturers to level up their sales performances. In this direction, they are vying to provide maintenance services of the highest standards.
Medical Copper Tubing Market a Highly-Fragmented Space with Limited Frontrunners
The medical copper tubing market continues to reflect a substantially high degree of fragmentation, with a large-scale presence of regional players. Local and regional partakers account of over 40-50% of the global market share, and the number of companies capable of exerting notable influence is limited. This market is the perfect example of an uneven amalgamation of small- to mid-sized companies who are competing with the frontrunners to seize a decent pie of the global market share.
The medical copper tubing market space will continue to be under enormous influence of regulatory compliances. Manufacturers, independent of the stature and size, are taking these compliances into consideration, as customer decisions in this market space remain compliance-driven. First movers will continue to gain significant profits, and aspiring players in the market will have to continuously experiment and innovate to scale up their presence. Some of the key players operating in the medical copper tubing market include Mueller Industries, Inc, OmegaFlex Inc., Cambridge-Lee Industries LLC, UACJ Corporation, and Lawton Tube Co. Ltd.
Analysts of this report offer an unbiased opinion regarding the evolution of the medical copper tubing market through 2029. As per the analysts of this market report, the medical copper tubing market is expected to witness steady growth over the forecast period. However, the penetration of viable alternatives for copper-based tubes, including Cross-Linked Polyethylene (PEX), Chlorinated Polyvinyl Chloride (CPVC), and others, may arrest their adoption to a certain extent. However, durability and longevity will continue being two of the key characteristics upholding the penetration of medical copper tubing.
Increase in the Number of Surgeries is Driving the Demand for Medical Copper Tubing
The advent of minimally-invasive surgeries has fuelled the demand for medical gases across different end users, such as ambulatory surgical centers, hospitals, specialty clinics, etc., which is propelling the growth of the medical copper tubing market. With the increasing elderly population, health-related concerns that are leading to surgeries have significantly increased, majorly in emerging economies, and this is boosting the demand for medical copper tubing in these countries.
As per statistics provided by the Agency for Healthcare Research and Quality, in 2014, approximately 17.2 million inpatient stays or ambulatory hospital visits were for invasive surgeries, and more than half of these stays took place in ambulatory surgical settings. Thus, consistent growth in the number of surgeries performed globally, is boosting the demand for medical gases, which is expected to contribute to the growth of the medical copper tubing market during the forecast period.
Wide Usage of Medical Copper Tubing across Various End-Use Sectors
The global healthcare industry makes use of medical copper tubing for patient care & treatment, for operating medical vacuum systems that dispense fluids & gases during surgeries and in-patient treatment areas, as well as for dispensing compressed air & nitrogen during the operating of life-saving tools. Medical cooper tubing has gained traction over the years among various end users for the provision of patient care at the clinics of dentists, during surgeries in hospitals, and during other treatments at outpatient medical facilities. Medical copper tubing plays a significant role in various medical procedures across different end user verticals, which is expected to propel the demand for medical copper-based tubing throughout the forecast period.
High Popularity of Medical Copper Tubing Systems in Hospitals
With improvements in the healthcare infrastructure across developing regions, a majority of hospitals are opting for centralized medical copper tubing systems. These systems have been made mandatory, especially for emergency/critical places such as operation theaters, CCUs, ICUs, nurseries, etc. Medical copper tubing systems have gained significant traction over the years, and have replaced conventional tubing systems for the distribution of gas, especially in hospitals, as they ensure safety and are more reliable for the distribution of medical gases. Hospitals highly prefer these medical copper tubing systems, since they are easy to install and are extremely durable & efficient. Copper tubes offer a seamless fit and are further brazed together. These medical copper tubing systems are also low-maintenance, and provide trouble-free service for a long time span.
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Medical Copper Tubing Market: Competitive Landscape
The competition section of the medical copper tubing market report features the profiles of the key players in the medical copper tubing market based on their product offerings, market shares, marketing approach, and differential strategies. Some of the key players profiled in the medical copper tubing market report include Mueller Industries, Inc., OmegaFlex Inc., Cambridge-Lee Industries LLC, Lawton Tube Co. Ltd., Beacon Medaes, UACJ Corporation, Mandev Tubes, and Jiangyin Hehong Precision Technology Co., Ltd.
Medical Copper Tubing Definition
Medical copper tubing is used for the distribution or supply of medical gases such as carbon dioxide, oxygen, nitrous oxide, and nitrogen. Copper tubes are considered to be antibacterial and non-harmful to humans, owing to which, medical equipment manufacturers are focusing on the development of tubing for medical gases on a large scale.
Medical Copper Tubing Market: About the Report
PMR has conducted a research study on the medical copper tubing market for the forecast period 2019 to 2029. The medical copper tubing market report offers a comprehensive evaluation of the business opportunities prevailing in the medical copper tubing market, along with insights about the value, volume, and pricing. The report on the medical copper tubing market also elaborates on the macroeconomic factors that are influencing the dynamics of the medical copper tubing market.
Medical Copper Tubing Market: Segmentation
The report offers a comprehensive taxonomy of the medical copper tubing market based on product type, end user, and region. By product type, the medical copper tubing market is segmented as tubing, fittings, and bracketing. On the basis of end user, the medical copper tubing market is segmented into hospitals, nursing homes, ambulatory surgical centers, and specialty clinics. The medical copper tubing market has been analyzed across the regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA.
Medical Copper Tubing Market: Additional Questions Answered
Some of the additional questions addressed in this report on the medical copper tubing market are:
- What is the revenue potential of medical copper tubing across the regions of North America and Europe?
- Who are the key competitors in the medical copper tubing market, and what are their product portfolios and growth strategies?
- What are the major factors influencing the growth of the medical copper tubing market?
- Which trends are being followed by the leading manufacturers of medical copper tubing to retain their market shares?
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Medical Copper Tubing Market – In-depth Analysis and Opportunity Assessment
Persistence Market Research (PMR), in its recent research study, brings key insights to the fore regarding how medical copper tubing business models are expected to evolve in the next few years. The research report on the medical copper tubing market analyzes how the changing demand for medical copper tubing is impacting and is likely to impact market players, regardless of their stature and size. The research report on the medical copper tubing market also provides a detailed analysis of various macro- and micro-economic factors impacting global market growth in 2019 and beyond.
The research study on the medical copper tubing market offers a deep dive into the market dynamics, wherein, the key market trends, opportunities, drivers, and restraints have been analyzed. Key trends in the medical copper tubing market have been underlined, and the relevance of their impact has been discussed in detail, so that readers clearly understand their influence on the growth of the global medical copper tubing market.
Medical Copper Tubing Market – Regional Analysis
The regional analysis section in the medical copper tubing market report focuses on a country-wise analysis, wherein, demand across every country has been analyzed in detail with respect to regional dynamics. The regions analyzed in the medical copper tubing market include-
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa (MEA)
Medical Copper Tubing Market – Segmentation
The report on the medical copper tubing market provides a breakdown of the market segmentation, wherein, every segment has been discussed in detail. The segments included in the medical copper tubing market research study include product type and end user. The sub-segment of every segment profiled in the medical copper tubing market report has also been analyzed in detail so that readers get a complete understanding of the overall market taxonomy.
- Munsen Rings
- Drop Rods
Ambulatory Surgical Centers
Medical Copper Tubing Market – Key Questions Answered
The medical copper tubing market report addresses a few of the crucial questions that are likely to be in the best interest of market players. Some of the key questions answered in the report on the medical copper tubing market include-
- What was the total market size of the medical copper tubing market in 2018, and what is the estimated size in 2019?
- What transformations did the sheer penetration of copper bring in the global healthcare space?
- Which product type is likely to gain maximum traction in the medical copper tubing market in 2019 and beyond - tubing, fitting, or bracketing?
- Who are the leading players in the medical copper tubing market, and what are their key strategies?
- What percentage of the global market share is held by the leading players of the medical copper tubing market?
- Which end user is likely to experience the highest demand for medical copper tubing through to 2029 - hospitals, nursing homes, ambulance surgical centers, or specialty clinics?
Medical Copper Tubing Market – Research Methodology
The research methodology for the medical copper tubing market report follows a triangulated hypothesis and assumption-based approach. The research methodology is a combination of primary and secondary research phases. According to the research methodology adopted for the medical copper tubing market report, unit volume sales for each product type are determined via a cross-sectional examination across a specific end user for whom the product is meant for. A weighted average pricing has been determined for every product type on regional levels, which helps in deriving the values at the global level.
Some of the primary sources contacted and interviewed to gather insights for the medical copper tubing market include surgeons, nursing managers, ambulatory surgical centers, and specialty clinics. In addition, sales representatives, procuring managers, marketing directors, and C-level executives have also been interviewed to garner key insights and understand the market competition.
Some of the secondary resources studied and analyzed for procuring insights into the medical copper tubing market include company websites, annual reports_bk_01_01_2020, SEC filings, the Copper Development Association Inc., International Copper Association India, Copper Alliance, European Copper Institute, Copper Development Association Africa, International Wrought Copper Council, and others.