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Global Dosing Systems Market Report: Trends, Opportunities, & Forecasts 2024
Dosing Systems Market Report
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According to The Business Research Company's, The dosing systems market size has grown strongly in recent years. It will grow from $6.18 billion in 2023 to $6.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to expansion of water treatment and chemical sectors, industrial automation advancements, demand for precision and accuracy, regulatory shifts and quality standards, increased focus on process efficiency.
The dosing systems market size is expected to see strong growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to stricter compliance standards, expansion in pharmaceutical and healthcare sectors, focus on sustainable and eco-friendly solutions, adoption of industry 4.0 , increasing demand for precision and accurate dosing. Major trends in the forecast period include utilization of predictive maintenance, increased focus on hygienic design, advancements in pumping technologies, adoption of modular and scalable designs, emphasis on user-friendly interfaces.
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Market Drivers and Trends:
The increasing demand in the pharmaceutical industry is expected to propel the growth of the dosing systems market going forward. The pharmaceutical industry is a sector of the healthcare industry that focuses on the research, development, production, and marketing of drugs and medications used for the prevention, treatment, and diagnosis of diseases and medical conditions. Dosing systems in the pharmaceutical industry offer enhanced accuracy, efficiency, and safety in the production of medications, reduce human error, and contribute to maintaining a sterile and controlled environment, reducing the risk of contamination. For instance, in May 2021, according to reports published by IQVIA Inc., a US-based pharmaceutical company, the projected total expenditure on pharmaceuticals in the US is anticipated to range between $380 to $400 billion by the year 2025, reflecting a compound annual growth rate of 0-3%. Therefore, the increasing demand in the pharmaceutical industry is driving the growth of the dosing systems market .
Technological advancements are a key trend gaining popularity in the dosing systems market. Major companies operating in the dosing systems market are advancing towards the use of Internet of Things (IoT) technology and introducing new products to sustain their position in the market. For instance, in August 2022, SEKO, a US-based company operating in the dosing systems market, launched WashMulti Top, an IoT-enabled laundry dosing system. With this product, operators can view live and historical wash data on demand via SEKO's unique SekoWeb app and online platform consisting of four dosing modules, this information is available 24/7 to users, so they could able to track their operation's exact cost and ensure that it performs optimally.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Emec S.r.l., Netzsch Pumpen & Systeme GmbH, IDEX Corporation, Erich NETZSCH GmbH & Co. Holding KG, Nikkiso Co. Ltd., Prominent GmbH, Seko S.p.A., Iwaki Europe GmbH, Lewa GmbH, Gee & Company Limited, Dover Corporation, WES Limited, Vanton Pump & Equipment Corporation, AFX Holdings Limited, Sera GmbH, Grundfos India Limited, Watson-Marlow Fluid Technology Group, Neptune Chemical Pump Company, Sodimate, Inc., TACMINA Corporation, Mouvex, Alltech Dosieranlagen GmbH, Flowrox Oy, Lutz-Jesco GmbH, Milton Roy Company, Pulsafeeder Inc., SEEPEX Group, Verder Group, Alldos Armaturen GmbH, Pulsar Measurement Systems Inc., RDC Rodic Drähte & Systeme GmbH, Serfilco Ltd., Stenner Pump Company, Tintometer Group Limited, Bran+Luebbe GmbH, PSI-Polymer Systems Inc.
Dosing Systems Market 2024 Key Insights:
• The dosing systems market size is expected to see strong growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Dosing System Market Thrives On Surging Demand Driven By Global Wastewater Treatment Initiatives
• Revolutionizing Dosing Systems Through The Impact Of Iot And Technological Advancements On Market Dynamics
• Asia-Pacific was the largest region in the dosing systems market share in 2023 and is expected to be the fastest-growing region in the forecast period
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