Europe Sterile Tubing Welder Market Size & Outlook
Europe sterile tubing welder market, 2018-2030 (US$M)
Related Markets
Europe sterile tubing welder market highlights
- The Europe sterile tubing welder market generated a revenue of USD 607.6 million in 2022.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 607.6 million |
| Market revenue in 2030 | USD 891.0 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Blood processing |
| Fastest growing segment | Blood Processing |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 26.1% of the global sterile tubing welder market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 745.5 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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Europe 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 61.22% in 2022. Horizon Databook has segmented the Europe 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.
Europe market is anticipated to witness lucrative growth during the forecast period owing to local presence of various key players, increase in adoption of novel products, rise in the number of blood transfusions & donation campaigns, and increase in the number of various strategic initiatives undertaken by government, public, & private organizations and market players.
Therefore, an increase in the number of blood transfusions is expected to boost market growth during the forecast period. The availability of advanced technologies and infrastructure in Europe is resulting in better healthcare facilities & patient care.
Market players seeking entry in European Union require extensive knowledge regarding different regulatory procedures and services in various member states. Small- and mid-sized medical devices companies need to employ the services of regulatory consultants or legal representatives who can assist them in various stages of regulatory processes required for commercialization of their products in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe sterile tubing welder market, including forecasts for subscribers. This continent databook contains high-level insights into Europe sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe sterile tubing welders market size, by country, 2018-2030 (US$M)
Europe Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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