U.S. Sterile Tubing Welder Market Size & Outlook, 2022-2030
U.S. sterile tubing welder market, 2018-2030 (US$M)
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U.S. sterile tubing welder market highlights
- The U.S. sterile tubing welder market generated a revenue of USD 717.3 million in 2022 and is expected to reach USD 1,036.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.7% 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 717.3 million |
| Market revenue in 2030 | USD 1,036.1 million |
| Growth rate | 4.7% (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, U.S. accounted for 30.8% 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 North America, U.S. sterile tubing welder market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 279.2 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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U.S. 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 61.22% in 2022. Horizon Databook has segmented the U.S. 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.
The U.S. held the largest market share of North America sterile tubing welder market in 2018. Sterile tubing welder are most widely used in blood banks, hospitals, and clinical laboratories. The growing burden of chronic diseases in the U.S. is one of the key factors boosting the market growth.
The U.S is one of the leading regions for the early and larger adoption of this method. Thereby, increasing the demand for sterile tubing welders. Owing to the growing demand for sterile tubing welders, various players are increasingly investing in R&D to gain a higher market share.
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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 U.S. sterile tubing welder market, including forecasts for subscribers. This country databook contains high-level insights into U.S. sterile tubing welder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. sterile tubing welders market size, by application, 2018-2030 (US$M)
U.S. Sterile Tubing Welder Market Share, 2022 & 2030 (US$M)
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