South Africa Sterile Tubing Welder Market Size & Outlook
South Africa sterile tubing welder market, 2018-2030 (US$M)
Related Markets
South Africa sterile tubing welder market highlights
- The South Africa sterile tubing welder market generated a revenue of USD 17.5 million in 2022 and is expected to reach USD 24.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.2% 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 17.5 million |
| Market revenue in 2030 | USD 24.2 million |
| Growth rate | 4.2% (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, South Africa accounted for 0.8% 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 Middle East & Africa, UAE sterile tubing welder market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 56.4 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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South 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 61.14% in 2022. Horizon Databook has segmented the South 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.
Governments and healthcare organizations are undertaking initiatives to improve healthcare facilities in Middle Eastern countries. Economic development and the presence of high unmet healthcare needs are some factors driving market growth in South Africa.
Medicines Control Council in the country has recently placed a 6-month deadline for domestic medical devices and IVD manufacturers & distributors to apply for licensing to legally operate in the country.
Moreover, an increase in the number of public-private partnerships and a high need for upgradation of hospitals are some factors expected to create opportunities for players to enter the market to gain high market share. Moreover, better market penetration and increased marketing campaigns are among the key factors expected to drive the market in South Africa.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa sterile tubing welder market, including forecasts for subscribers. This country databook contains high-level insights into South Africa sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa sterile tubing welders market size, by application, 2018-2030 (US$M)
South Africa Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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