Brazil Sterile Tubing Welder Market Size & Outlook
Brazil sterile tubing welder market, 2018-2030 (US$M)
Related Markets
Brazil sterile tubing welder market highlights
- The Brazil sterile tubing welder market generated a revenue of USD 45.5 million in 2022 and is expected to reach USD 67.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, blood processing was the largest revenue generating application in 2022.
- Blood Processing is the most lucrative application segment registering the fastest growth during the forecast period.
Sterile tubing welder market data book summary
| Market revenue in 2022 | USD 45.5 million |
| Market revenue in 2030 | USD 67.4 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Blood processing |
| Fastest growing segment | Blood Processing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biopharmaceutical, Blood Processing, Diagnostic Laboratories, Other Applications |
| Key market players worldwide | Sartorius AG, Terumo Corp, GE HealthCare Technologies Inc Common Stock, Syngene, Flex Ltd, MGA Technologies, GenesisBPS, Sentinel Process Systems, LePure Biotech |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.0% of the global sterile tubing welder market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sterile tubing welder market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 56.6 million by 2030.
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Sterile Tubing Welder Market Scope
Sterile Tubing Welder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil sterile tubing welder market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sterile tubing welder market will help companies and investors design strategic landscapes.
Blood processing was the largest segment with a revenue share of 61.32% in 2022. Horizon Databook has segmented the Brazil sterile tubing welder market based on biopharmaceutical, blood processing, diagnostic laboratories, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil was the largest sterile tubing welder market in Latin America in 2018 and is expected to dominate the market during the forecast period. Brazil is expected to be the target market for international sterile tubing welder device companies, thereby contributing to the demand during the forecast period.
According to Avert, in 2017, nearly 64% of adults in Brazil were undergoing anti-HIV treatment and approximately 45% of children were receiving antiretroviral therapy. Furthermore, the proportion of new infections has increased by 3% from 2010 to 2017 and HIV accounts for nearly 49% of new infections in Latin America.
A high incidence of these infections is estimated to boost the demand for hematology diagnostics in this country. The treatment would consist of blood products, and blood transfusion, thereby increasing the demand for sterile tubing welders.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil sterile tubing welder market, including forecasts for subscribers. This country databook contains high-level insights into Brazil sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil sterile tubing welders market size, by application, 2018-2030 (US$M)
Brazil Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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