A report from earlier this month by TMR is forecasting impressive growth in the medical tubing market in the next decade. As a top provider of ERW steel tubes in the West Midlands, we want to have a closer look. This is a key industry after-all, and relies on high quality tube for a variety of applications.
Forecast
The most important thing is the estimate of several years of consistent growth. TMR’s report is predicting the global market will grow from $706.8mn to $1.3bn by the close of 2035. That is a significant increase, almost doubling in size during the period.
The medical industry is one of the most vital fields in the world. We rely on it for health and wellbeing. However, demand for tubing is likely to increase as the market expands and modernises. The tube is essential for a wide array of key products here, including instruments and patient assistance equipment.
A huge driver
A significant factor driving demand for medical metal tubing is our ageing population. It’s happening rapidly, with life expectancy increasing around the globe. At the same time, birth rates are declining in numerous countries. The end result is the number of people in the 60+ age bracket is growing.
An ageing population puts more pressure on the medical industry, increasing demand for various types of treatment. This has a direct impact on metal tubing, especially when you think about chronic diseases that require ongoing treatments. It means higher demands for equipment, tools, and various surgical products. Speak to us if you want to order ERW steel tubes in the West Midlands.
Key developments
One of the best things to keep in mind is the situation is driving innovation and new developments. This includes advances in materials. There is high demand for different types of tube, including steel, titanium, and specialist alloys. So, metallurgists are working hard to deliver materials with the properties to cater for medical applications.
Notably, there have been some big developments in recent years, such as medical tubing with thinner walls but consistent strength. The improvements in protective coatings and abrasion resistance have been great too. Easy sterilisation, sustainability, and compliances with standards and regulations are also essential.
High quality ERW steel tubes in the West Midlands
Union Steel Tubes knows how essential tubing is today. It’s the foundation of our buildings, infrastructure, transport systems, medical field, and more. As a result, demand continues to increase in various markets.
We’re ready to help if you need reliable, cost effective steel tube. It’s something we’ve been specialising in for a long time, achieving consistent high standards for our clients. We have lots of shapes and sizes in stock, and provide expert steel cutting too. Additionally, if you need to improve corrosion resistance, we can offer finishes like galvanisation.
So, talk to us about ERW steel tubes in the West Midlands. We can give you details and work with you to satisfy your specifications.
