Sterile Tubing Welder Market, By Mode (Manual and Automatic), End-use (Hospitals, Research Clinics,

Published Date: June 2020 | Report Code : HC2068272

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Sterile Tubing Welder Market, By Mode (Manual and Automatic), End-use (Hospitals, Research Clinics, Blood Centers, and Others), Application (Biopharmaceutical, Blood Processing, Diagnostic Laboratories, and Others), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Healthcare

Report Code : HC2068272

Status : Published June 2020

The Global Sterile Tubing Welder Market size was valued at USD 2.43 billion in 2019 and is anticipated to grow at a CAGR of 4.62% during the forecast period. Sterile tubing welder is used for to make aseptic association between two lengths of compatible thermoplastic tubing.

Factors like rise in investments in pharmaceutical and biopharmaceutical R&D projects, increasing demand for single-use technologies and blood and blood products are expected to drive the demand for the sterile tubing welder during the forecast period.

Key Factors Impacting the Growth of Sterile Tubing Welder Market:

  • High demand for blood products, blood processing, sterile processing, and related infrastructure
  • Increasing prevalence of cancer, genetic disorders, amyotrophic lateral sclerosis, and hemophilia.
  • Ongoing development of innovative and therapeutically advanced medicines

The sterile tubing welder market segmentation is based on mode, end-use, application, and region.

Mode Outlook:

Based on mode, the global sterile tubing welder market is separated into manual and automatic. In 2019, the manual segment account for the highest market share in terms of revenue generation in the market. Although, the automatic mode of sterile tubing welder offers improved weld quality and user-friendliness, thus held the highest growth rate in the market over the forecast period.

End-use Outlook:

On the basis of end-use, the global sterile tubing welder market is divided into hospitals, research clinics, blood centers, and others. During the forecast period, the hospital segment is expected to lead the market, due to the presence of advanced hematology related equipment in hospital settings.

Applications Outlook:

On the basis of application, the sterile tubing welder market has been segmented into biopharmaceutical, blood processing, diagnostic laboratories, and others. High demand for blood and blood products, is expected to drive the demand for the growth of the blood processing segment during the forecast period.

Regional Outlook:

On the basis of the region, the global sterile tubing welder market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America region with higher awareness and demand for sterile environments to avoid contamination and recent technological advancements is expected to lead the global sterile tubing welder market through the forecast period.

Asia pacific region is expected to register highest annual growth rate during the forecast period. The presence of major pharmaceutical and biopharmaceutical industries and heavy investments in research & development by major multinational companies in countries like India and China are the factors expected to drive the demand for the sterile tubing welder during the forecast period.

The report analyzes factors affecting the sterile tubing welder market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the Sterile tubing welder market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Major companies are investing in research and development and focused on mergers and acquisitions. Similarly, other business models such as new product development and expansion, joint venture and market entry strategies are helping prominent vendors to make their presence felt in the sterile tubing welder market and increase their product portfolio. The major companies operating in the market includes TERUMO BCT, GE Healthcare, Sartorius Stedim Biotech S.A., Genesis BPS, SynGen Inc., Sentinel Process Systems Inc., Flex Concepts, Inc., NewAge Industries, Inc., Biomen Biosystems Company Limited, VANTE. Saint-Gobain Performance Plastics and among others.

This report also includes the profiles of key sterile tubing welder market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Sterile Tubing Welder Market:

  • In 2018, approximately 8,000 medicines are in the development phase across the world and nearly 74% of these pipeline drugs are anticipated to be First-in-class medicines, according to the Pharmaceutical Research and Manufacturers of America
  • In 2017 – Terumo Corporation, one of the foremost medical device manufacturers with over USD 5 billion in sales and operations in more than 160 nations, acquired vascular closure business and other assets of Abbott and St. Jude medical with the aim to maximize the value of the acquired businesses and contribute to supporting safe and efficient interventional procedures.

What Does This Report Provide?

This report provides a detailed understanding of the global sterile tubing welder market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Mode

  • Manual
  • Automatic

By End-use

  • Hospitals
  • Research Clinics
  • Blood Centers
  • Others

By Applications

  • Biopharmaceutical
  • Blood Processing
  • Diagnostic Laboratories
  • Others

By Region:

  • North America Sterile Tubing Welder Market
    • By Country (US, Canada, Mexico)
    • By Mode
    • By End-use
    • By Applications
  • Europe Sterile Tubing Welder Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Mode
    • By End-use
    • By Applications
  • Asia Pacific Sterile Tubing Welder Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Mode
    • By End-use
    • By Applications
  • Middle East & Africa Sterile Tubing Welder Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Mode
    • By End-use
    • By Applications
  • South America Sterile Tubing Welder Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Mode
    • By End-use
    • By Applications

Reasons to Buy This Report:

  • Market size estimation of the sterile tubing welder market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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