The North America sterile tubing welders market attained revenue of USD 1120 Million in 2019 and is estimated to garner USD 1517 Million in 2028 by growing at a CAGR of 4.40% over the forecast period, i.e., 2020-2028. The rapidly growing demand for sterile tubes, along with the rising need for hygienic environment in medical sciences, and the technological advancements in the healthcare industry are some of the major factors anticipated to drive the growth of the market in the coming years. Additionally, surge in need for blood platelets and plasma, along with the growing awareness for blood donation in the North America region, is anticipated to drive the demand for sterile tubing methodologies, and in turn drive the market growth during the forecast period. It is estimated that around 35000 units of red blood cells are required every single day in the United States. Further, close to 10000 units of plasma and about 7000 units of platelets are needed in the nation. On the other hand, the growing incidences of blood disorders, such as sickle cell disease, which affects around 1 million people in the United States, is also anticipated to contribute to the market growth.
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. Amongst these segments, the wet-dry connections segment is anticipated to register the largest market share in the year 2021 and further touch USD 699.5 Million by the end of 2028. The segment is also anticipated to grow with the highest CAGR of 5.01% during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
The market is also segmented based on mode into automatic and manual. Among these segments, the automatic segment is projected to grab the largest market share by the end of 2028 and further grow with a CAGR of 4.57% during the forecast period. The automatic sterile tubing welders are designed for biopharmaceutical process applications. These devices are equipped with automatically controlled heating operation and are much more efficient than a manual sterile tubing welder.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the North America sterile tubing welders market that are included in our report are Terumo BCT, Inc., Sartorius AG, GenesisBPS, MGA Technologies, Cytiva (Global Life Sciences Solutions USA LLC), Vante Biopharm/Sebra, Pall Corporation, Saint-Gobain Performance Plastics, and others.
FREQUENTLY ASKED QUESTIONS
Rising demand for sterile tubing from the end-users, coupled with the growing focus of the government for the development of healthcare infrastructure, are some of the major factors driving the market growth.
The market is anticipated to attain a CAGR of 4.40% over the forecast period, i.e., 2020-2028.
The concern for the availability of low-cost alternatives is one of the major factors estimated to act as barriers to the growth of the market.
The major companies in the market are Terumo BCT, Inc., Sartorius AG, GenesisBPS, MGA Technologies, Cytiva (Global Life Sciences Solutions USA LLC), Vante Biopharm/Sebra, Pall Corporation, Saint-Gobain Performance Plastics, and others.
The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The North America sterile tubing welders market is segmented by mode, connection type, applications, and by end-user.
The wet-dry connections segment is projected to hold the dominating share in 2021 and further touch USD 699.5 Million in 2028.
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