Medical Copper Tubing Market to Reach US$ 1.2 Bn in 2018 despite Fluctuating Copper Prices: PMR

Persistence Market Research (PMR) recently launched a market study which found that the demand for medical copper tubing is increasing steadily, and the market is expected to increase by 3.5% in 2019 over 2018. The study finds that the market reached around US$ 1.2 billion in 2018, attributing to the rise in adoption of K-type medical copper tubing in hospitals, especially in developing countries. K-type tubing witness high demand over L-type tubing, finds the PMR study, reflecting one of the most important trends in the medical copper tubing market.

The study finds that the demand for medical copper tubing remained highest in East Asian counties, including China and Japan, in 2018, and this trend is expected to remain prominent in the coming future. However, as copper is one of the expensive commodities, it adds to the manufacturing cost of medical copper tubing, restricting manufacturers from introducing competitive prices at the global medical tubing industry.

Due to fluctuations in the prices of copper, which ultimately impacts the final cost of medical copper tubing, medical professionals and other end users are turning to less expensive alternatives to copper such as PEX, otherwise known as cross-linked polyethylene, chlorinated polyvinyl chloride (CPVC), or aluminum plastic composites. However, owing to the unique materialistic properties of copper, such as recyclability and reusability, the global demand for medical copper tubing will continue to remain higher than its cheaper alternatives available in the market, opines the PMR study.

Medical Copper Tubing with a Low Coefficient of Friction Remain High in Demand

Recent trends in the medical copper tubing market reflect in a burgeoning demand for tubing with a lower coefficient of friction on the either sides of the tubes in the healthcare sector. The PMR study finds that a mounting number of leading players in the medical copper tubing market are investing heavily in the research & development activities to reduce the coefficient of friction in medical copper tubing without affecting other performance properties.

The study opines that manufacturers’ strategies to reduce the roughness coefficient of medical copper tubing include the use of additives such as thermoplastic elastomers, which can enable them to improve the lubricity quotient of the tubing. By bolstering the innovation in the development of more efficient raw materials, stakeholders in the medical copper tubing market are expected to achieve smoother inner and outer surface of the tubing to meet the end users’ requirements in the healthcare sector.

Request For Report Sample: https://www.persistencemarketresearch.com/samples/29023

In addition to this, the latest trend of miniaturization is also incurring significant changes in the growth prospects of the medical copper tubing market, finds the PMR study. Market players are focusing on reducing the surface area of tubing, which can also enable manufacturers to reduce the coefficient of friction in their products. The trend of miniaturization will only grow with time in the medical copper tubing market, and this will encourage market players to launch medical copper tubing with smaller diameters to improve their profitable sales in this landscape.