Press release
Pharmaceutical Fluid Handling Market Landscape 2025: Forecast Data and Growth Strategy Insights
Pharmaceutical Fluid Handling
What Is the Expected CAGR for the Pharmaceutical Fluid Handling Market Through 2025?
In recent times, the pharmaceutical fluid handling market has seen a stable expansion. It's predicted to increase from a value of $11.86 billion in 2024 to an estimated $12.38 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.4%. This growth during the historic period can be traced back to factors such as adherence to regulatory standards, the incorporation of technology, a focus on quality control, innovation in drug delivery methods, and automation in laboratories.
What's the Projected Size of the Global Pharmaceutical Fluid Handling Market by 2029?
In the coming years, the pharmaceutical fluid handling market size is predicted to experience significant growth, reaching $15.67 billion by 2029 and recording a compound annual growth rate (CAGR) of 6.1%. The growth during the forecast period can be ascribed to factors such as the rise in precision medicine and personalized therapies, an increase in biologics manufacturing, expanded outsourcing in the pharmaceutical industry, growth in emerging markets, and the adoption of flexible manufacturing platforms. Major trends anticipated during this period involve an emphasis on training and skill development, progression of closed systems, the evolution of decentralized manufacturing models, the growing utilization of nanotechnology, and enhanced use of smart sensors and IoT devices.
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Top Growth Drivers in the Pharmaceutical Fluid Handling Industry: What's Accelerating the Market?
The pharmaceutical fluid handling market's expansion is anticipated to be fueled by the rising demand for pharmaceutical drug production. Drug production encompasses the creation of medications, pharmaceutical substances, or drugs. The process of manufacturing these substances involves precision and efficiency in handling, transferring, and containing liquids and fluids, roles performed by pharmaceutical fluid handling. For example, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based association representing the pharmaceutical industry in Europe, reported that total pharmaceutical production within Europe rose from €363,300 million ($393,857 million) in 2022 to €390,000 million ($422,803 million) in June 2023. Consequently, the increasing need for pharmaceutical drugs is propelling the pharmaceutical fluid handling market's growth.
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What Trends Will Shape the Pharmaceutical Fluid Handling Market Through 2029 and Beyond?
The trend of incorporating automated fluid handling systems is growing in prominence in the pharmaceutical fluid handling market. Firms in this sector are incorporating these automated systems, complete with fluidic application programming interfaces (APIs), in an effort to maintain their competitive advantage. An example of this occurred in February 2022, when Festo, an automation company from Germany, introduced a modular gantry robot platform constructed to automate liquid handling in labs. This platform offers a solution for a wide array of media, calibrations, and specific operations within a lab setting. It also features a fluidic application programming interface (API) compatible with Python, Java, and .NET/C# drivers. This enables integration professionals to efficiently create and fine-tune machine strategies to aid the end users' fluid handling processes. It also eradicates the need for OEMs to buy generic machines and paves the way for seamless adoption of new technology.
What Are the Main 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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Which Top Companies are Driving Growth in the Pharmaceutical Fluid Handling Market?
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.
Which Regions Will Dominate the Pharmaceutical Fluid Handling Market Through 2029?
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.
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