U.S. Medical Copper Tubing Market, By Tubing Type (Type K, Type L, DWV), By Application (Oxygen, Nitrogen, Carbon Dioxide, Nitrous Oxide), By End Use (Hospitals, Outpatient Facilities, Dentists), And Segment Forecasts, 2014 - 2025Report

U.S. Medical Copper Tubing Market, By Tubing Type (Type K, Type L, DWV), By Application (Oxygen, Nitrogen, Carbon Dioxide, Nitrous Oxide), By End Use (Hospitals, Outpatient Facilities, Dentists), And Segment Forecasts, 2014 - 2025

Published: October 2016  |  80 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-205-1

Industry Insights

The U.S. medical copper tubing market accounted for USD 0.5 billion in 2015 and is anticipated to grow at a CAGR of 4.1% during the forecast period. Medical copper tubing system is used for medical gas supply, including oxygen, nitrogen, carbon dioxide and nitrous oxide.

The U.S. medical copper tubing market is driven by the growing demand of copper tubing for gas delivery due to its corrosion-resistant and antibacterial properties. These tubes are long lasting and easy to install. In addition, all these products should meet the regulatory standards like ASTM B819 and CSA.

The ASTM B819 standard establishes the requirements for wall thickness range of specially cleaned & straight lengths of seamless copper tubes (Types K & L) suitable for medical gas systems. Thus, compliance of manufacturing and marketing standards & specifications for copper tubing products by manufacturers is expected to propel the industry growth. However, the intense competition among vendors is a major factor that could hinder industry growth.

U.S. medical copper tubing market, by application, 2014 - 2025 (USD Million)

U.S. medical copper tubing market

Tubing Type Insights

The type K segment dominated the overall industry in terms of revenue in 2015. Increasing demand and high price of the products are some factors accounting for its large share. Type K segment has become most profitable segment in this sector. The second largest segment was type L, followed by DWV.

Application Insights

Oxygen segment dominated the overall industry in terms of revenue in 2015. The increasing demand of oxygen for patients and its growing applications are the major factors contributing to the large share. The presence of a large patient base with respiratory disorders and an increase in the patients undergoing emergency treatment are major factors responsible for the segment’s highest share.

On the other hand, medical vacuum is expected to grow at highest rate during forecast period because of increasing use of copper tubing for safe and sufficient flow of medical vacuum at desired pressure levels to the gas outlets.

End-Use Insights

Hospital segment held the highest revenue share of over 70% in 2015. The high usage rate of copper tubing system for medical gas delivery is most commonly seen in hospitals due to its benefits over traditional systems. The use of this system can provide continuous supply of required gas to the patient with lower risk of contamination. The demand for these products is growing in hospitals due to its advantageous in critical places, like ICU, OT, and CCU to ensure never-ending supply of gases. For instance, Nemours A.I. DuPont Children’s Hospital installed copper tubing system for various applications, such as gas and hot & cold water distribution.

On the other hand, its demand in the outpatient facilities is expected to grow at the fastest rate during the forecast period because of increasing adoption of copper tubing in outpatient facilities like surgery & imaging centers.

U.S. medical copper tubing market by end use, 2016 & 2025 (USD Million)

U.S. medical copper tubing market

Competitive Insights

Some major players serving to this industry are Mueller Industries, Inc.; Cambridge-Lee Industries LLC; J & D Tube Benders, Inc.; BeaconMedaes; Cerro Flow Products LLC; C&H Medical (Guangzhou) Co., Ltd.; Samuel, Son & Co., Limited; Wieland Copper Products LLC; UACJ Corp.; KME Germany GmbH & Co KG; Amico Group of Companies; and The Lawton Tube Co. Ltd. There are many global and local manufacturers offering copper tubing products, resulting in intense competition amongst vendors.

Manufacturers are expanding their business by strategic collaborations and joint ventures. For instance, In February 2016, Mueller Industries announced acquisition of Jung woo Metal Ind. Co., Ltd., a copper-based pipe joining manufacturer in South Korea. Mueller Industries purchased 60 percent of equity interest of the company. This agreement is expected to help Mueller Industries expand their product portfolio and geographic reach for piping system products. In addition, focus on strengthening of distribution channels and product advancement is another major strategy applied by vendors to get maximum revenue share in this sector.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historic data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America

Country scope

U.S.

Report coverage        

Revenue forecast, company share, competitive landscape, growth factors, trends

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If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization.

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the U.S. medical copper tubing market on the basis of tubing type, application, and end use:

  • Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Type K

    • Type L

    • DWV

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Oxygen

    • Medical air

    • Nitrogen

    • Carbon dioxide

    • Nitrous oxide

    • Medical vacuum

  • End-use Outlook (Revenue, USD Million; 2014 - 2025)

    • Hospitals

    • Outpatient facilities

    • Dentists

Key questions answered by the report
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