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North America Sterile Tubing Welders Market to Grow by Moderate CAGR of 4.40% During 2020-2028; Market to Further Attain a Revenue of USD 1517 Million by 2028

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Research Nester published a report titled North America Sterile Tubing Welders Market: Demand Analysis & Opportunity Outlook 2028which delivers detailed overview of the North America sterile tubing welders market in terms of market segmentation by mode, connection type, applications, and by end-user.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The North America sterile tubing welders market is segmented on the basis of connection type into dry-dry connections, wet-dry connections, wet-wet connections, and multiple use, out of which, the wet-dry connections segment is anticipated to register the largest market share in the year 2021. The segment is further projected to grow with the highest CAGR of 5.01% during the forecast period, i.e., 2020-2028, and touch USD 699.5 Million by the end of 2028.

The North America sterile tubing welders market is anticipated to grow with a CAGR of 4.40% during the forecast period. The growth of the segment can be attributed to the increasing need amongst the healthcare workers to maintain a hygienic environment during any type of surgery and to avoid contamination from germs. Additionally, increasing demand for sterile tubes from the end-users, along with the growing concern for the prevalence of different blood diseases around the globe are some of the factors anticipated to contribute to the market growth. The market is further projected to gain a market revenue of USD 1517 Million in 2028 from USD 1120 Million in 2019.

Rising Demand for Sterile Tubing from Hospitals, Pharmaceutical Companies and Other End-Users

Owing to the growing advancements in the healthcare industry along with the rising adoption of advanced healthcare procedures for treating patients of various diseases, there is a rise in the utilization of PVC tubing in the medical procedures. These tubes need to be cut and joint based on the requirement of the healthcare professional operating to the patient at that very moment, which is raising the need for sterile welding machines, that can perform the task of joining the tubes in a sterile environment. Such a factor is anticipated to drive the demand for sterile tubing welders, and in turn drive the market growth during the forecast period.

However, the high cost of these equipment are expected to operate as key restraint to the growth of North America sterile tubing welders market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the North America sterile tubing welders market which includes company profiling of Terumo BCT, Inc. (TYO: 4543), Sartorius AG (ETR: SRT), GenesisBPS, MGA Technologies, Cytiva (Global Life Sciences Solutions USA LLC), Vante Biopharm/Sebra, Pall Corporation, Saint-Gobain Performance Plastics (EPA: SGO), and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the North America sterile tubing welders market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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