U.S. Medical Copper Tubing Market Is Projected To Reach $ 0.7 Billion By 2025: 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.
Access Research Insight by Grand View Research: http://www.grandviewresearch.com/research-insights/us-medical-copper-tubing-market
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
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.
For more information: http://www.grandviewresearch.com
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