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Sterile Tubing Welder Market Key Drivers, Size, Trends, Growth, Outlook 2024-2033
Sterile Tubing Welder Market Key Drivers
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According to The Business Research Company's, 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 growth in the historic period can be attributed to innovations in medical devices, increased demand for biopharmaceuticals, stringent regulatory standards, rise in chronic diseases, and globalization of healthcare.
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%. The growth in the forecast period can be attributed to growing biotechnology sector, rapid expansion of pharmaceutical industry, increasing focus on patient safety, emergence of advanced materials, and shift towards automation and robotics. Major trends in the forecast period include adoption of single-use systems, integration of automation and robotics, development of advanced sterilization technologies, expansion of bioprocessing capabilities, and emphasis on eco-friendly and sustainable solutions.
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Market Drivers and Trends:
The increasing prevalence of chronic diseases is expected to propel the growth of the primary cell culture market going forward. Chronic diseases are long-lasting conditions that typically progress slowly and persist for long, often for the remainder of an individual's life. The rise in chronic diseases can be attributed to various factors, including lifestyle changes, environmental influences, physical inactivity, dietary shifts, and demographic shifts. Primary cell cultures significantly advance knowledge and treatment strategies for chronic diseases, ultimately improving patient outcomes. For instance, in January 2023, according to the National Center For Biotechnology Information, a US-based government agency, the number with at least one chronic disease is estimated to increase by 99.5% from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the increasing prevalence of chronic diseases drives the primary cell culture market.
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.
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Major Key Players of the Market:
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
Sterile Tubing Welder Market 2024 Key Insights:
• 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%.
• Surging Pipeline Of Biologics Fuels Growth In The Sterile Tubing Welder Market
• Innovative Connectors Revolutionize Sterile Tubing Welding In Biopharmaceutical Manufacturing
• North America was the largest region in the sterile tubing welder market in 2023
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