South Korea Sterile Tubing Welder Market Size & Outlook
South Korea sterile tubing welder market, 2018-2030 (US$M)
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South Korea sterile tubing welder market highlights
- The South Korea sterile tubing welder market generated a revenue of USD 46.1 million in 2022 and is expected to reach USD 65.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.5% 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 46.1 million |
| Market revenue in 2030 | USD 65.3 million |
| Growth rate | 4.5% (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, South Korea 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 Asia Pacific, Japan sterile tubing welder market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 150.4 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 Korea 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 61.17% in 2022. Horizon Databook has segmented the South Korea 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.
South Korea sterile tubing welder market is dependent upon imports as low-end medical devices are manufactured in the country. The high-end sterile tubing welder are imported from the U.S., Japan, and EU countries. Kidney failure is the second-highest cost driver for the country’s healthcare system.
High prevalence of kidney disorders and low per capita income, as well as lack of organ donors, have fueled demand for dialysis and blood products. The high number of hospitals, blood centers, and dialysis centers is anticipated to drive the sterile tubing welder market in the 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea sterile tubing welder market, including forecasts for subscribers. This country databook contains high-level insights into South Korea sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea sterile tubing welders market size, by application, 2018-2030 (US$M)
South Korea Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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