Press release
Global Sterile Tubing Welder Market Size to Grow at a CAGR of 4.80% in the Forecast Period of 2023-2028
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Sterile Tubing Welder Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 2.23 billion
• Forecast CAGR (2023-2028): 4.80%
The global sterile tubing welder market is being driven by the increasing need for blood and blood products, advancements of genetics and cell therapy, and the rise in blood diseases. The rising need for personalised pharmaceuticals is another major factor driving the market for sterile tubing welders.
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The market growth of sterile tubing welders is being further accelerated by the rapidly developing healthcare infrastructure of various countries, rise in illnesses, cancers, and other health issues, along with the accelerating commitments made by various governments to enhancing their healthcare systems. Blood products are in high demand and are utilised extensively due to the frequent and large number of blood transfusions carried out, necessitating sterile tubing.
The automatic mode of sterile tubing welders is predicted to maintain its leading position during the forecast period due to the improved weld quality and user-friendliness of these types of welding equipment, supporting the development of the sterile tubing welder market. Risks of blood infection, improper handling during blood processing, and inadequate storage are driving the demand for automatic sterile tubing welders. The portable nature and ease of use of automatic mode of sterile tubing welders are further expected to contribute to global sales.
Sterile Tubing Welder Industry Definition and Major Segments
Sterile tubing welders are used to connect two thermoplastic tubes of similar length with an antiseptic link. To create a working closed system, welding tube modules are tightly fitted into a tube clamp assembly. Sterile tube welders are frequently used in biotechnology, pharmaceuticals, blood banks, diagnostic labs, and other sectors to synthesise blood plasma and DNA cells for use in a variety of therapeutic procedures. Biological samples are also transferred to tubes that are completely sealed with sterile tubing welders before being sent to labs for additional testing.
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Based on mode, the market is bifurcated into:
• Automatic
• Manual
On the basis of application, the market is divided into:
• Blood Processing
• Biopharmaceuticals
• Diagnostic Laboratories
• Others
Based on end use, the market is segmented into:
• Hospitals
• Research Clinics
• Blood Centres
• Others
On the basis of region, the market is categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Sterile Tubing Welder Market Trends
North America has held a strong position in the global sterile tubing welder market, and is expected to witness continued growth in the coming years. The market for sterile tubing welders in this region is expected to grow due to increase in the prevalence of chronic conditions, technological improvements, and a strong demand for sterile and sanitary settings to prevent contamination.
The Asia Pacific region is likely to experience rapid growth in the sterile tubing welder market over the course of the forecast period. This can be attributed to the expansion of the pharmaceutical and biopharmaceutical sectors, as well as an increase in investments in research and development. The need for effective and affordable sterile tubing welding devices is also greatly increased by the growing elderly population in the region. The considerable expansion of China's pharmaceutical and biotechnology sectors will likely have a positive impact on the market for sterile tubing welder as well.
Key Market Players
The major players in the global sterile tubing welder market report are
• Terumo BCT, Inc.
• Sartorius AG
• Cytiva
• GenesisBPS
• Vante and SEBRA
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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