Medical Metal Tubing Market To Surpass US$ 893.1 Million By 2027 - Coherent Market Insights

MEDICAL METAL TUBING MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027

© Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Medical Metal Tubing Market - Overview Global Medical Metal Tubing Market, By Material (Stainless Steel, Titanium and Nitinol (NiTi)),

By Application (Dialysis or Intravenous Tubing, Catheters & Cannulas, Drug Delivery Systems, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 576.0 million in 2020 and is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027), as highlighted in a new report published

by Coherent Market Insights.

Launch of advanced tubing with technologies is expected to be one of the most prominent growth opportunities for medical metal tubing manufacturers.

For instance, in 2017, Israel-based startup, ART Medical Ltd., developed a novel sensor-based smart tube which will enable healthcare professionals to collect comprehensive data of patients and reduce the risk of medical complications. Features offered by this tubing are gathering of patient data such as feeding needs, saliva secretion, and urine output by using sensors embedded in the tubes. It also aids in regulating the feeding process and provides real-time information, including the exact location of the tube.

Hence, launch of such novel and smart tubing is expected to create ample opportunity for players to strengthen their product portfolio in the near future.

Browse Research Reports: https://www.coherentmarketinsights.com/market-insight/medicalmetal-tubing-market-4052 © Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Global Medical Metal Tubing Market – Impact of the Coronavirus (Covid-19) Pandemic The COVID-19 pandemic has impacted the global economy and in turn, the medical metal tubing market. Quarantine, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending until the end of the second quarter of 2020.

Moreover, key players operating in the global medical metal tubing market are supplying urgent raw material for manufacturing medical devices which can help in diagnosis and treatment of patients suffering from the coronavirus. For instance, in April 2020, Sandvik AB supplied precision wires to manufacturers of ventilators. The precision wire manufacturing facility in Palm Coast, Florida is working double shifts to produce the EXERA medical wire which is used in ventilators.

Governments are taking initiatives to combat the COVID -19 pandemic. For instance, in May 2020, the Centers for Disease Control and Prevention (CDC) worked with the All-ofGovernment and All-of-America approach to increase testing capacity and availability to improve case detection and contact tracing across all states in the U.S.

Moreover, the CDC is working with the state and local partners to define the circumstances where testing of asymptomatic persons is likely to be helpful in controlling the pandemic, as well as the best application of surveillance serologic testing.

Request a Sample copy of this reports: https://www.coherentmarketinsights.com/insight/request-sample/4052 © Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Key players operating in the market are focusing on facility expansions in order to increase their presence in the global market which is expected to drive the market growth during the forecast period. For instance, in January 2020, Sandvik AB added a new cold finishing tube manufacturing line at its Mehsana Mill, in Gujarat, Western India. The new high-tech line is aimed at the production of heat exchanger tubing and for other demanding industrial applications.

Key Takeaways of the Global Medical Metal Tubing Market: The global medical metal tubing market is expected to exhibit a CAGR of 6.5% during the forecast period owing to the increasing incidence of chronic diseases such as kidney diseases and cardiovascular diseases. For instance, according to the U.S. Department of Health & Human Services, in 2016, around 125,000 people in the U.S. started treatment for end-stage kidney disease (ESKD) and over 726,000 people (2 in every 1,000 people) were on dialysis or they had kidney transplant.

Among material, the stainless steel material segment accounted for the largest market share in 2019 owing to its properties such as corrosion resistance, metallurgical stability, formability, and easy weldability. Moreover, properties such as fabrication characteristics, mechanical properties and attractive finish contribute to the overall quality of stainless steel tubing, and make it a popular choice in the medical metal tubing industry.

Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4052 © Coherent market Insights. All Rights Reserved

ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele.

SERVICES INDUSTRY ANALYSIS

CUSTOMIZED RESEARCH

SYNDICATED RESEARCH

MARKET INTELLIGENCE SERVICES

CONSULT STUDIES

COUNTRY SPECIFIC STUDIES

© Coherent market Insights. All Rights Reserved

ABOUT CMI SECTOR COVERAGE

BIOTECHNOLOGY

CLINICAL DIAGNOSTIC

HEALTHCARE IT

MEDICAL DEVICES

MEDICAL IMAGING

PHARMACEUTICAL

OUR CLIENTS

 Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry  Component Providers and System Integrators

 Private and Government organization

 Distributors, Retailors and Value Added Resellers

 Outsourcing Companies

 Healthcare IT Solutions Developers

 Universities and Business Schools.

© Coherent market Insights. All Rights Reserved

KEY STATS

RESEARCH SOLUTIONS

100+

FEASIBILITY STUDIES

Insights Published Per Year

GLOBAL REPORTS

150+

Consulting Projects Till Date

COUNTRY ANALYSIS CONSULT PROJECTS

125+

Clients Worldwide Per Year

110+

SURVEY RESEARCH

EXCEL FORECAST DATABASE

CUSTOMIZED SOLUTIONS

COMPETITIVE ASSESSMENT TECHNOLOGY SNIPPETS

Analysts and Contract Consultants

Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702

© Coherent market Insights. All Rights Reserved