UK Sterile Tubing Welder Market Size & Outlook, 2022-2030
UK sterile tubing welder market, 2018-2030 (US$M)
Related Markets
UK sterile tubing welder market highlights
- The UK sterile tubing welder market generated a revenue of USD 88.1 million in 2022 and is expected to reach USD 127.7 million by 2030.
- The UK 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.
Sterile tubing welder market data book summary
| Market revenue in 2022 | USD 88.1 million |
| Market revenue in 2030 | USD 127.7 million |
| Growth rate | 4.8% (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, UK accounted for 3.8% 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 Europe, Germany sterile tubing welder market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 159.4 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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UK 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 61.07% in 2022. Horizon Databook has segmented the UK 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.
People in the U.K mostly suffer from chronic kidney disease due to factors such as rising levels of obesity, alcohol, lack of exercise and hypertension. Government funding is another factor that is expected to propel the market growth in this region.
A number of initiatives have been undertaken by NHSBT in the UK through advertisements and slogans targeting the male population and encouraging them to donate blood. This initiative resulted in 37% new male donors donating blood in 2018, and the percentage is expected to reach 40% in the coming years, as estimated by NHS. In the UK, around 10,000 donors donated blood in the year 2016.
During April 2018, the blood collection performance was reported to be improving, which resulted in more than 25,000 units of bloodstock. Thus, the rise in blood donation awareness and the number of people donating blood are some of the factors driving the regional market.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK sterile tubing welder market, including forecasts for subscribers. This country databook contains high-level insights into UK sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK sterile tubing welders market size, by application, 2018-2030 (US$M)
UK Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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