U.S. Medical Copper Tubing Market Is Predicted To Reach USD 0.7 Billion By 2025:By Grand View Research, Inc.
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.
Browse full research report on U.S. Medical Copper Tubing
Market 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 research report by Grand
View Research: http://www.grandviewresearch.com/press-release/us-medical-copper-tubing-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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