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Sterile Tube Welder Market Analysis: Share, Drivers, Growth 2024-2033
Sterile Tube Welder Market Analysis
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According to The Business Research Company's, The sterile tube welder market size has grown strongly in recent years. It will grow from $2.30 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to medical industry growth, regulatory standards, pharmaceutical and biotechnology growth, increasing cases of blood cancer, and food safety concerns.
The sterile tube welder market size is expected to see strong growth in the next few years. It will grow to $3.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing healthcare expenditure, the expansion of pharmaceutical and biotechnology sectors, regulatory pressures, rising awareness of food safety, and increasing prevalence of chronic diseases. Major trends in the forecast period include the adoption of advanced technologies, geographical expansion, outsourcing of sterilization services, sustainable practices, hybrid sterilization techniques, and technology innovations.
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Market Drivers and Trends:
The rising prevalence of blood disorders is expected to propel the growth of the sterile tube welder market going forward. Blood disorders refer to a range of conditions that affect one or more components of the blood. The number of blood disorders is rising due to a combination of genetic, medical, environmental, and demographic factors. Sterile tube welders are used in blood disorders to aseptically connect tubing during blood processing and transfusion procedures, ensuring contamination-free transfers. For instance, in August 2023, according to a report published by the Leukemia & Lymphoma Society (LLS), a US-based charitable organization, in the US, approximately every three minutes, someone is diagnosed with leukemia, lymphoma, or myeloma. In 2023, an estimated 184,720 individuals are expected to receive these diagnoses, representing 9.4% of the projected 1,958,310 new cancer cases for the year. Therefore, the rising prevalence of blood disorders will drive the growth of the sterile tube welder market.
Major companies operating in the sterile tube welder market are developing innovative products, such as ultra-compact sterile connectors, to meet the increasing demand for efficient and reliable sterile welding solutions. Compact sterile connectors are small, efficient devices used to create sterile connections between fluid pathways in medical, biopharmaceutical, and laboratory settings. For instance, in September 2021, CPC (Colder Products Company), a US-based provider of quick-disconnect couplings, fittings, and connectors, launched MicroCNX Connectors. These ultra-compact sterile connectors are the industry's smallest and the only alternative to tube welding for creating closed sterile connections at small volumes in biopharma processing. These connectors are critical for a range of bioprocessing, cell therapy, and gene therapy workflows, including sampling, seed train expansion, and early cell culture processes involving shaker flasks and rocker tables.
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Major Key Players of the Market:
Merck KGaA, GE HealthCare Technologies Inc., Asahi Kasei Medical Co. Ltd., Grifols International S.A., Alfa Laval AB, Sartorius AG, Terumo BCT Inc., Pall Corporation, Eppendorf AG, Nordson Corporation, Colder Products Company (CPC), Meissner Filtration Products Inc., Sani-Tech West Inc., MGA Technologies Inc., Genesis BPS LLC, Sentinel Process Systems Inc., Flex Concepts Inc., Shanghai Le Pure Biological Technology Co. Ltd., Compagnie de Saint-Gobain S.A., Sebra Shoes India Llp, TBL Performance Plastics
Sterile Tube Welder Market 2024 Key Insights:
• The sterile tube welder market size is expected to see strong growth in the next few years. It will grow to $3.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Prevalence Of Blood Disorders Expected To Drive Growth Of Sterile Tube Welder Market
• Ultra-Compact Sterile Connectors Enhance Market Growth
• North America was the largest region in the sterile tube welder market in 2023
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