North America Sterile Tubing Welder Market Size & Outlook
North America sterile tubing welder market, 2018-2030 (US$M)
Related Markets
North America sterile tubing welder market highlights
- The North America sterile tubing welder market generated a revenue of USD 902.7 million in 2022.
- The market is expected to grow at a CAGR of 4.8% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 902.7 million |
| Market revenue in 2030 | USD 1,315.3 million |
| Growth rate | 4.8% (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, North America region accounted for 38.8% 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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North America 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 North America 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.
North America held the largest share of sterile tubing welder market in 2018. The presence of numerous biopharma companies and high demand for biopharmaceutical products is anticipated to lead to an increase in the demand for sterile tubing welders.
Sterile tubing welder is a closed-system device that is used to connect polyvinyl chloride tubing in any combination of wet and dry. The growth of sterile tubing welder market in the region can be attributed to the rising incidence of chronic diseases and growing awareness about the use of sterile tubing welder in hospitals & clinics.
There is a high demand for dialysis in the country due to the rising kidney failures and other kidney disorders. Also, with high per capita income, the enormous demand for dialysis procedures are responsible for the growth of sterile tubing welder. In addition, the development of cost-effective sterile tubing welder equipment is likely to have a positive impact on the market during the forecast period.
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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 North America sterile tubing welder market, including forecasts for subscribers. This continent databook contains high-level insights into North America sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America sterile tubing welders market size, by country, 2018-2030 (US$M)
North America Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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