Middle East & Africa Sterile Tubing Welder Market Size & Outlook
Middle East & Africa sterile tubing welder market, 2018-2030 (US$M)
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MEA sterile tubing welder market highlights
- The MEA sterile tubing welder market generated a revenue of USD 148.5 million in 2022.
- The market is expected to grow at a CAGR of 5.3% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 148.5 million |
| Market revenue in 2030 | USD 224.1 million |
| Growth rate | 5.3% (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, MEA region accounted for 6.4% 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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Middle East & Africa 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 61.21% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
Middle Eastern countries such as Saudi Arabia, United Arab Emirates (UAE), and South Africa are undertaking various efforts to diversify their economies. The sterile tubing welder market in MEA is likely to grow at a steady rate in the coming years.
High burden of diseases, an increase in privatization, and a rise in penetration of health insurance are some factors responsible for the growth of the sterile tubing welder market in the region. Kidney diseases are common in Middle East & Africa through the factors that are uncertain.
Increasing awareness about the end-stage renal diseases and advancement in therapeutic & preventive measures are certain growth-promoting factors. Certain companies have set up centers for providing dialysis care nearly for the entire region.
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Our clientele includes a mix of sterile tubing welder market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa sterile tubing welder market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA sterile tubing welders market size, by country, 2018-2030 (US$M)
Middle East & Africa Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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