Did you know that the global population is ageing rapidly? The WHO estimates that, by the end of the decade, 1 in 6 people will be in the 60+ age bracket. This will continue to grow by 2050, passing 2 billion in that time. As a result, countries around the world are facing major challenges. Interestingly, this is leading to forecasts that there will be steady growth in the medical metal tube market. Let’s have a look, then you can talk to us if you want to arrange tube expansion and other services for different types of tubing.
A key market
The medical metal tube market is more important than many people realise. The tubing is essential for all kinds of applications, including surgical implements, needles and catheters, implants, and equipment like hospital beds, wheelchairs, and IV stands.
A new report by Transparency Market Research is forecasting steady growth for the market. Their data claims it was worth $706.8m in 2024. However, they are anticipating 5.2% growth each year to 2035. If they are on the money, the market would be worth $1.3bn by the end of the period.
Vital details
There are very strong signs that the medical metal tube market could see several years of consistent growth. It could have a big knock-on effect. Crucially, it could increase demand for other services, including tube expansion, bending, finishing, and more.
The ageing population is the key driver here. As people get older, the need for medical treatments in general grows. In fact, there is growing demand for treatment for various chronic illnesses, including cardiovascular and kidney diseases. Many of them require tubing in some form, including for drug delivery systems and other equipment.
Another huge driver is the focus on minimising the invasiveness of surgery. There have been fantastic developments in this regard. As a result, there are many surgeries that are now safer and have a higher success rate. Even better, minimally invasive procedures can provide faster recovery times and reduce hospital stays. Metal tubing is fantastic for equipment here.
One of the most important things with medical metal tube is to consider what to use. Titanium, stainless steel, and specialist alloys like nickel/titanium are very popular. There is lots of R&D in the medical industry too, so new innovations are a regular thing. This has an impact on the materials and applications.
Ask us about tube expansion and other services
Multiform Tubes Engineering Ltd is one of the UK’s best tube manipulation experts. We have the skills and experience to work with clients in various industries, including challenging ones like healthcare. We can work with different types of tubing to deliver exceptional results with tight tolerances.
So, get in touch today if you need to arrange tube expansion or anything else. We’ll support you, even with difficult applications.
