Sterile Tubing Welder Global Market Report 2024 - By Demand, Size, Trends And Industry Analysis, Forecast To 2033

"The new report published by The Business Research Company, titled ""Sterile Tubing Welder Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the sterile tubing welder market size has grown strongly in recent years. It will grow from $2.19 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The sterile tubing welder market size is expected to see strong growth in the next few years. It will grow to $3.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

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Surging Pipeline Of Biologics Fuels Growth In The Sterile Tubing Welder Market
The growing biologics pipeline is expected to propel the growth of the sterile tubing welder market going forward. Biologics refer to medicinal products derived from living organisms or their components, including vaccines, blood and blood components, gene therapies, tissues, and recombinant therapeutic proteins. The expanding biologics is driven by advances in biotechnology and an increased understanding of disease mechanisms. Sterile tubing welders are utilized to form biologics for aseptic connections, ensuring the integrity of fluid transfer systems critical for maintaining product purity. For instance, in January 2024, according to the National Library of Medicine, a US-based medical library, the Food and Drug Administration (FDA) approved 55 new drugs in 2023, comprising 29 new chemical entities (NCEs) and 25 new biological entities (NBEs), reflecting a 50% increase from the 37 approvals in 2022. Therefore, the growing biologics pipeline is driving the growth of the sterile tubing welder market.

Rising Prevalence Of Chronic Diseases Fuels Growth In Sterile Tubing Welder Market
The increase in the prevalence of chronic diseases is expected to propel the growth of the sterile tubing welder market going forward. Chronic diseases are long-lasting health conditions that typically progress slowly and persist over an extended period, often requiring ongoing medical attention and management. The rise in chronic diseases is due to aging populations, unhealthy lifestyle choices (such as poor diet, lack of physical activity, and smoking), environmental factors, and improved detection and diagnosis. Sterile tubing welders produce intravenous therapies and other sterile medical treatments for chronic diseases, ensuring contamination-free delivery systems. For instance, in January 2024, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency for public health, approximately 20,000 fatalities in Australia were linked to chronic kidney disease, accounting for 12% of the total mortality rate in 2021. Therefore, the increase in the prevalence of chronic diseases is driving the growth of the sterile tubing welder market.

Innovative Connectors Revolutionize Sterile Tubing Welding In Biopharmaceutical Manufacturing
Major companies operating in the sterile tubing welder market are developing innovative products, such as genderless connectors, to simplify the process of sterile connections and disconnections and maintain high standards of sterility in biopharmaceutical manufacturing environments. Genderless connectors are versatile, aseptic connectors designed to allow quick and easy sterile connections and disconnections without needing specific male or female components. For instance, in June 2022, CPC (Colder Products Company), a US-based couplings and connectors manufacturing company, launched the AseptiQuik G DC Series Connector, a product designed to enhance closed-system liquid processing for biopharmaceutical manufacturers. This genderless connector allows for quick and aseptic connections and disconnections of tubing, even in non-sterile environments, without requiring additional equipment.

The sterile tubing welder market covered in this report is segmented -
1) By Mode: Manual, Automatic
2) By Application: Biopharmaceutical, Blood Processing, Diagnostic Laboratories, Other Applications
3) By End-Use: Hospitals, Research Clinics, Blood Centers, Other End-Users

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Major companies operating in the sterile tubing welder market are GE Healthcare, Terumo BCT Inc., Sartorius AG, Entegris Inc., Racer Technology, LePure Biotech, NewAge Industries, GDM Electronics, Bioengineering AG, Biopharm Engineering, Schunk Sonosystems, Hangzhou Wu Zhou Medical Equipment, Vesta Pharmaceuticals, MGA Technologies, Aseptic Group, Sunbelt Technology, Genesis BPS, Biomen Biosystems Co. Ltd., Sentinel Process Systems Inc., AdvantaPure

Contents of the report:
1. Executive Summary
2. Sterile Tubing Welder Market Report Structure
3. Sterile Tubing Welder Market Trends And Strategies
4. Sterile Tubing Welder Market - Macro Economic Scenario
5. Sterile Tubing Welder Market Size And Growth
…..
27. Sterile Tubing Welder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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