Medical Metal Tubing Market Is Growing with Increasing Prevalence of Chronic Disease
Medical metal tubing is widely used in the healthcare industry. It is used as bulk disposable tubing, in drug delivery systems, catheters and cannulas, peristaltic pumps, and for draining blood. Thus, growth of the medical metal tubing market is driven by the rapid growth of the healthcare industry in both developed and developing regions. Healthcare has become one of India’s largest sector, both in terms of revenue and employment. According to the India Brand Equity Foundation (IBEF), Indian healthcare market is expected to increase three-fold to US$ 133.44 billion (Rs. 8.6 trillion) by 2022. Moreover, the government aims to increase healthcare spending to 3% of the Gross Domestic Product (GDP) by 2022. Medical metal tubes are widely used to manufacture intravenous tubing, dialysis, drug delivery systems, catheters and cannulas, etc. These medical devices are available in a variety of shapes and sizes nad are usually inserted into the patient’s body through the nose, mouth, or...