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Pharmaceutical Fluid Handling Market Size Forecasted To Achieve $15.67 Billion By 2029 With Steady Growth
Pharmaceutical Fluid Handling Market Size
What Is the Pharmaceutical Fluid Handling Market Size and Projected Growth Rate?
In the past few years, the size of the pharmaceutical fluid handling market has seen consistent growth. The market, which was valued at $11.86 billion in 2024, is projected to grow to $12.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.4%. Factors such as adherence to regulatory standards, incorporation of technology, focus on quality control, innovative drug delivery methods, and automation in laboratories have been instrumental in driving growth during the historical period.
The market size for handling fluids in the pharmaceutical sector is set for robust expansion in the coming years. The value is projected to reach $15.67 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.1%. The escalation during the projected period is due to several factors, such as precision medicine, personalized treatments, increased production of biologics, the rise in pharma outsourcing, growth in emerging markets, and flexible manufacturing platforms. Moreover, significant trends expected during the forecast period include a greater emphasis on training and skill enhancement, the evolution of closed systems, widespread adoption of decentralized manufacturing models, increased application of nanotechnology, and rising use of smart sensors and IoT devices.
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What Are the Major Segments in the Pharmaceutical Fluid Handling Market?
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
Subsegments:
1) By Equipment And Solutions: Pumps, Valves, Tubing, Filters, Flow Meters
2) By Services: Installation, Maintenance And Repair, Consulting, Training
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What Are The Driving Pharmaceutical Fluid Handling Market Evolution?
The pharmaceutical fluid handling market is anticipated to expand due to the rising production of pharmaceutical drugs. This production involves the creation of pharmaceutical substances, medications, or drugs, with the fluid handling playing a critical role by ensuring efficient and precise management, transfer, and containment of liquids throughout the manufacturing procedures. For example, the total pharmaceutical production in Europe, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based trade association for the pharmaceutical sector, reached €390,000 million ($422,803 million) in June 2023, which is an increase from €363,300 million ($393,857 million) in 2022. Consequently, the escalating demand for pharmaceutical drugs is fuelling the expansion of the pharmaceutical fluid handling market.
Which Firms Dominate The Pharmaceutical Fluid Handling Market Segments?
Major companies operating in the pharmaceutical fluid handling market include 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.
What Trends Are Expected to Dominate the Pharmaceutical Fluid Handling Market in the Next 5 Years?
The emergence of automated fluid management systems is a predominant trend that's gaining traction in the pharmaceutical fluid handling sector. Companies within this marketplace are incorporating automated fluid management systems, equipped with fluidic application programming interface (API), to maintain market dominance. For example, Festo, a German automation company, in February 2022, launched a flexible gantry robot platform designed for automated liquid handling within laboratories. The platform addresses a wide variety of media, calibrations, and specific lab operations. These modular gantries feature a fluidic API with Python, Java, and .NET/C# drivers, enabling system integrators to streamline the development and enhancement of machine strategies. This helps to support end users' fluid handling methodology, negates the requirement for OEMs to procure generic machines and facilitates the adoption of new technologies.
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Which Is The Largest Region In The Pharmaceutical Fluid Handling Market?
North America was the largest region in the pharmaceutical fluid handling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical fluid handling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pharmaceutical Fluid Handling Market?
2. What is the CAGR expected in the Pharmaceutical Fluid Handling Market?
3. What Are the Key Innovations Transforming the Pharmaceutical Fluid Handling Industry?
4. Which Region Is Leading the Pharmaceutical Fluid Handling Market?
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