Pharmaceutical Fluid Handling Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Equipment & Solutions and Services), Tubing (Thermoplastic Elastomers, Polyvinyl Chloride, and Silicone), Application (Fluid Handling & Management, Fl

Automated Fluid Handling Systems with Machine Learning is Future Trend of Pharmaceutical Fluid Handling Market

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According to our new market research study on ""Pharmaceutical Fluid Handling Market to 2028 - Global Analysis and Forecast - by Offering, Tubing, Application, Usage, and End User,"" the market was valued at US$ 10,302.78 million in 2021 and is projected to reach US$ 14,209.40 million by 2028; it is expected to register a CAGR of 4.7% from 2022 to 2028. The report highlights trends prevailing in the pharmaceutical fluid handling market, and drivers and restraints pertaining to the market growth.

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Automated Fluid Handling Systems with Machine Learning

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A fluid handling system is critical for preparing, moving, and storing fluids required in the manufacturing and sanitation of a biotechnology or pharmaceutical plant. Automated fluid handling systems in pharmaceutical or biotechnology manufacturing plants will simplify the process and increase its accuracy. Automated process reduces procedural errors, which reduces the instance of rejected batches. Further, automated handling will directly clean the fluid handling system and manufacturing unit without requiring special preparation for cleaning process.

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In addition to controlling various stages of automatic liquid handling by artificial intelligence and utilizing internet connectivity to interact remotely with handlers, the application of artificial intelligence to automated liquid handling offers lucrative opportunities. Machine learning will enable the software to provide high levels of error control and adapt instruments to new situations such as reacting to a defect in a disposable tip or compensating for a blocked nozzle when handling samples using machine learning. Furthermore, the introduction of new products enhances market growth. For instance, in December 2021, Dispendix launched I.DOT DW, the latest system in the I.DOT series of products. With its built-in drop detection system, the I.DOT is the only instrument in the world that detects if users run out of source liquid while verifying the dispensing volume.

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Thus, the use of an automated fluid handling system integrated with machine learning is likely to fuel the pharmaceutical fluid handling market during the forecast period.

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North America held the largest market share of the pharmaceutical fluid handling market in 2021. With several North American market players focusing on research and development activities in the field of pharmaceutical, the regional market for pharmaceutical fluid handling is likely to propel during the forecast period.

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The pharmaceutical fluid handling market in the US was valued at US$ 3,609.43 million in 2021 and is projected to reach US$ 4,990.17 million by 2028; it is expected to register a CAGR of 4.8% during the forecast period. The growth of the market in the country is because the US represents the most considerable supply market for pharmaceutical fluid handling, as well as houses a few major market players.

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The COVID-19 pandemic disrupted everyday lives of people and businesses worldwide, and the pharmaceutical supply chain was greatly affected. The COVID-19 pandemic inflicted enormous pressure on healthcare infrastructure and hampered the operational capabilities of the biopharmaceutical companies and clinical laboratories. The COVID-19 pandemic led to a significant increase in industry growth, as pharmaceutical liquid handling was in high demand, as specimens had to be processed faster in the laboratory to conduct research on SAR-CoV-2. The COVID-19 vaccine development boosted the need for advanced automated liquid handling systems. As a result of the outbreak of COVID-19, the market has grown positively.

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CIRCOR International Inc, Parker Hannifin Corp, Danaher Corp, Spirax Sarco Engineering plc, Merck KGaA, Rochling SE & Co KG, RAUMEDIC AG, Tef Cap Industries Inc, Fraser Ross Ltd, and Australian Fluid Handling Pty Ltd are the leading companies operating in the global pharmaceutical fluid handling market.

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The pharmaceutical fluid handling market is segmented on the basis of offering, tubing, application, usage, end user, and geography. Based on offering, the market is segmented into equipment & solutions and services. Based on tubing, the market is segmented into TPE, PVC, and silicone. Based on application, the market is segmented into fluid handling and management, fluid preparation, integration and automation, aseptic processing, buffer management, and others. Based on usage, the market is segmented into cough syrup, intravenous products, complex APIs, and others. Based on end user, the market is segmented into biotechnology companies, pharmaceutical and medical companies, and others.

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In terms of geography, the pharmaceutical fluid handling market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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