The U.S. medical copper tubing market is
expected to reach USD 0.7 billion by 2025, according to a new report by Grand
View Research, Inc. Advantages of copper tubing system over traditional system
for medical gas supply and presence of advanced & sophisticated healthcare
infrastructure in the U.S. are some of the major factors propelling industry
growth. In addition, compliance with the regulatory standards help
manufacturers produce and market their products by ensuring the quality and
safety of products. Thus, the demand for these products is expected to gain
momentum in near future.
Strategic collaborations and partnerships
continue to be seen in this sector. Also, the leading vendors have focused on
strengthening their distribution channel by expanding their distribution
centers and service centers, which is expected to fuel the industry growth in
the long run. However, risks associated with installation of copper tubing and
intense competition among vendors are major factors restraining the growth of
this market.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/us-medical-copper-tubing-market
Further Key Findings from the Study Suggest:
- The type K tubing segment was the highest revenue generating segment of the market in 2015.
- The demand for type K tubing is high and is expected to remain on the rise during the forecast period due to its frequent use in medical copper tubing system. Thus, the boost in demand of this product taking into account its high price is a vital factor contributing to the sector’s largest share in the market.
- The oxygen application is estimated to be the largest shareholder segment due to its huge demand in hospitals and critical care centers in 2015.
- The above segment’s highest share is attributed to the presence of a large patient base suffering from chronic diseases, such as chronic obstructive pulmonary disease and heart diseases.
- The hospital segment led the overall industry in terms of revenue in 2015. The continuous supply of medical gas is essential in hospitals, primarily in ICU, OT, and CCU. Thus, there is an escalating demand for copper tubing in hospitals, which is expected to drive the sector growth.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the U.S. medical copper tubing market on the basis of tubing type, application, and end use:
U.S. Medical Copper TubingMarket Type Outlook (Revenue, USD Million; 2014 - 2025)
·
Type K
·
Type L
·
DWV
U.S. Medical Copper Tubing Market Application Outlook (Revenue, USD
Million;2014 - 2025)
·
Oxygen
·
Medical air
·
Nitrogen
·
Carbon dioxide
·
Nitrous oxide
·
Medical vacuum
U.S. Medical Copper Tubing Market End-use Outlook (Revenue, USD
Million; 2014 - 2025)
·
Hospitals
·
Outpatient facilities
·
Dentists
Access press release of this report - http://www.grandviewresearch.com/press-release/us-medical-copper-tubing-market-analysis
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