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Pharmaceutical Fluid Handling Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024-2033 | Pfizer Inc., AbbVie Inc., Amgen Inc., Alfa Laval AB, PerkinElmer Inc.
Pharmaceutical Fluid Handling Market
As per the report, the pharmaceutical fluid handling market size has grown steadily in recent years. It will grow from $11.24 billion in 2023 to $11.78 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The pharmaceutical fluid handling market size is expected to see strong growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
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Pharmaceutical Fluid Handling Market Driven By Increased Drug Production
The increase in pharmaceutical drug production is expected to propel the growth of the pharmaceutical fluid handling market going forward. Drug production refers to the process of manufacturing pharmaceutical substances, medications, or drugs. Pharmaceutical fluid handling helps in drug production by ensuring accurate and efficient handling, transfer, and containment of liquids and fluids throughout the manufacturing process. For instance, in June 2022, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $351 billion (€300,000 million) in 2021, with an increase of approximately 5% from $335.2 billion (€286,697 million) in 2020. Therefore, the growing demand for pharmaceutical drugs is driving the growth of the pharmaceutical fluid handling market.
Automated Fluid Handling Systems Gain Traction In Pharmaceutical Industry
The introduction of automated fluid handling systems is a key trend gaining popularity in the pharmaceutical fluid handling market. Companies operating in the pharmaceutical fluid handling market are introducing automated fluid handling systems integrated with fluidic application programming interface (API) to sustain their position in the market. For instance, in February 2022, Festo, a Germany-based automation company launched a modular gantry robot platform for automated liquid handling in laboratories. This platform is useful for a broad range of media, calibrations, and targeted operations in laboratories. The modular gantries have a fluidic application programming interface (API) with Python, Java, and .NET/C# drivers that allows integrators to easily develop and optimize the strategies for the machine and support end users' fluid handling process and eliminates the need for OEMs to purchase generic machines and smoothens the new technology adoption.
The pharmaceutical fluid handling market covered in this report is segmented -
1) By Offering: Equipment And Solutions, Services
2) By Tubing: Thermoplastic Elastomers, Polyvinyl Chloride, Silicone
3) By Usage: Cough Syrup, Intravenous Product, Complex Active Pharmaceutical Ingredients, Other Usage
4) By Application: Fluid Handling And Management, Fluid Preparation, Integration And Automation, Buffer Management, Other Applications
5) By End User: Biotechnology Companies, Pharmaceutical And Medical Companies, Other End Users
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Major companies operating in the pharmaceutical fluid handling market report are Pfizer Inc., Johnson & Johnson Pvt. Ltd, F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Thermo Fisher Scientific Inc., GlaxoSmithKline plc, Danaher Corporation, Gilead Sciences Inc., Amgen Inc., Parker Hannifin Corporation, Corning Incorporated, Agilent Technologies Inc., Alfa Laval AB, PerkinElmer Inc., Spirax Sarco Engineering plc, Eppendorf AG, Tecan Trading AG, CIRCOR International Inc., Raumedic AG, Borosil Glass Works Ltd., BioTek Instruments Inc., Labcyte Inc., Gilson Company Inc., Aurora Biomed Inc., Tef Cap Industries Inc., Labnet International Inc., Australian Fluid Handling Pty Ltd., Fraser Ross Ltd.
Contents of the report:
1. Executive Summary
2. Pharmaceutical Fluid Handling Market Report Structure
3. Pharmaceutical Fluid Handling Market Trends And Strategies
4. Pharmaceutical Fluid Handling Market - Macro Economic Scenario
5. Pharmaceutical Fluid Handling Market Size And Growth
…..
27. Pharmaceutical Fluid Handling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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