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HEALTHCARE & PHARMACEUTICAL

Sterile Tubing Welder Market Segmentation by Application (Component Pooling, Quality Control Pooling, Leukoreduction, Fluid Replacement, Pathogen Reduction, Cell Washing & Freezing, and Others); and by End-User (Hospitals, Diagnostic Laboratories, Blood Banks, Research Organizations, Biopharmaceutical Companies) – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Sterile Tubing Welder Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • April 27, 2017: The parent company of Vante Inc., Machine Solutions Inc., announced that it has acquired the leading manufacturer of tube sealing equipment, SEBRA. The acquisition was made from Haemonetics Corporation.

  • April 13, 2018: One of the subsidiaries of Saint-Gobain Group, Saint-Gobain Performance Plastics announced that it has acquired the Irish company, Micro Hydraulics’s pharmaceutical business. This company is known for manufacturing and supplying single-use fluid handling systems and components in high performance plastics, which are used widely in the biopharmaceutical and pharmaceutical industries.

Global Sterile Tubing Welder Market Highlights Over 2020 - 2030

The global sterile tubing welder market is estimated to garner a revenue of USD 3463658.4 Thousand by the end of 2030 by growing at a CAGR of 4.49% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 2247000.0 Thousand. The growth of the market can be attributed to growing concern for the rising number of blood disorders worldwide, followed by the rising need to follow protocols regarding sterile and hygienic environment in hospital and clinical labs. Sterile tubing welders helps to maintain the strict hygiene protocols by helping lab workers during the processing of blood, quality control sampling, and others, which is expected to drive the demand for the product in the coming years. Besides this, the growing concern for chronic diseases worldwide, which is raising the need for different blood transfusion processes, is also estimated to boost the market growth during the forecast period. According to the statistics by the Food and Agriculture Organization (FAO) of the United Nations, the proportion of the burden of NCDs was expected to increase up to 57% by the end of 2020. Moreover, by the same year, chronic diseases were expected to account for close to 3 quarters of total deaths globally.

Sterile Tubing Welder Market Graph

Moreover, the increasing awareness for blood donations worldwide, backed by the several supportive initiatives of the government of nations worldwide, is also anticipated to create numerous opportunities for market growth. According to the statistics by the World Health Organization (WHO), 123 out of 171 countries, which is around 72% of the total reporting countries, had a national blood policy. Moreover, 110 out of 171 countries, or 64% of the reporting countries had specific legislation regarding the quality of blood transfusion and for the safety protocols regarding the transfusion process. Moreover, the rising healthcare expenditure, along with the growing need for advanced medical devices are some of the additional factors estimated to contribute to the market growth in the coming years.CLICK TO DOWNLOAD SAMPLE REPORT

Global Sterile Tubing Welder Market Regional Synopsis

Regionally, the global sterile tubing welder market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The North America sterile tubing welders market is anticipated to garner the largest revenue of USD 1695833.0 Thousand by the end of 2030, up from a revenue of USD 1116759.0 Thousand in the year 2020. The surge in need for blood platelets and plasma in the region, along with the increasing awareness for blood donation activities are some of the major factors anticipated to drive the market growth during the forecast period. For instance, in the United States, it has been estimated that close to 35000 units of red blood cells (RBC) are required every single day, while, about 7000 units of platelets and 10000 units of plasma are also required in the country.

On the other hand, the market in Europe is projected to generate the second-largest revenue of USD 893262.0 Thousand by the end of 2030, and further grow with a CAGR of 4.60% during the forecast period. The market in the region is segmented by country into the United Kingdom, Germany, Italy, France, Spain, Russia, Netherlands, and the Rest of Europe. Out of these, the market in Germany is anticipated to grow with the largest revenue of USD 154578.3 Thousand by the end of 2030, up from a revenue of USD 92823.6 Thousand in the year 2020.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Sterile Tubing Welder Market

Growth Drivers

  • Increasing Blood Transfusions Worldwide
  • Rising Healthcare Expenditure
  • Growing Concern for the Increasing Prevalence of Chronic Diseases

Challenges

  • Availability of Low-Cost Alternatives
  • Stringent Government Norms for Manufacturing Sterile Tubing Welders

Global Sterile Tubing Welder Market Segmentation Synopsis

The global sterile tubing welder market is segmented by application into component pooling, quality control pooling, leukoreduction, fluid replacement, pathogen reduction, cell washing & freezing, and others. Out of these, the component pooling segment is anticipated to garner the largest revenue of USD 818010.8 Thousand by the end of 2030, up from a revenue of USD 538483.2 Thousand in the year 2020. By end-user, the market is segmented into hospitals, diagnostic laboratories, blood banks, research organization, and biopharmaceutical companies. Out of these, the hospitals segment is anticipated to garner the largest revenue of USD 1065085.9 Thousand by the end of 2030, up from a revenue of USD 707444.5 Thousand in the year 2020. The segment is further anticipated to grow with a CAGR of 4.24% during the forecast period.

Key Companies Dominating the Market

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 global sterile tubing welder market that are included in our report are Genesis BPS, TERUMO BCT, INC., Wuhan bms Medicaltech Co., Ltd., Sartorius AG, MGA Technologies, Global Life Sciences Solutions USA LLC (Cytiva), Vante Biopharm/Sebra, Pall Corporation, Saint-Gobain Performance Plastics, Sentinel Process Systems Inc., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Global Sterile Tubing Welder Market TOC

  1. Market Definition
    1. Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary – Global Sterile Tubing Welder Market
  5. Market Dynamics
    1. Market Drivers
    2. Market Trends
  6. Key Market Opportunities
  7. Major Roadblocks for the Market Growth
  8. Regulatory and Standards Landscape
  9. Industry Risk Analysis
  10. Industry Value Chain Analysis
    1. Raw Material Procurement
    2. Manufacturers
    3. Distributors
    4. End-Users
  11. Industry Growth Outlook
  12. Competitive Positioning
  13. Competitive Landscape
    1. Market Share Analysis, 2020
    2. Competitive Benchmarking
    3. Company Profiles
      1. Genesis BPS
      2. TERUMO BCT, INC.
      3. Wuhan bms Medicaltech Co., Ltd.
      4. Sartorius AG
      5. MGA Technologies
      6. Global Life Sciences Solutions USA LLC (Cytiva)
      7. Vante Biopharm/Sebra
      8. Pall Corporation
      9. Saint-Gobain Performance Plastics
      10. Sentinel Process Systems Inc.
  14. Global Sterile Tubing Welder Market 2020-2030
    1. Market Overview
    2. By Value (USD Thousand)
    3. By Volume (Thousand Units)
  15. Global Sterile Tubing Welder Market – Segmentation Analysis 2020-2030
    1. By Application
      1. Component Pooling, 2020-2030F (USD Thousand) and (Thousand Units)
      2. Quality Control Pooling, 2020-2030F (USD Thousand) and (Thousand Units)
      3. Leukoreduction, 2020-2030F (USD Thousand) and (Thousand Units)
      4. Fluid Replacement, 2020-2030F (USD Thousand) and (Thousand Units)
      5. Pathogen Reduction, 2020-2030F (USD Thousand) and (Thousand Units)
      6. Cell Washing & Freezing, 2020-2030F (USD Thousand) and (Thousand Units)
      7. Others, 2020-2030F (USD Thousand) and (Thousand Units)
    2. By End-User
      1. Hospitals, 2020-2030F (USD Thousand) and (Thousand Units)
      2. Diagnostic Laboratories, 2020-2030F (USD Thousand) and (Thousand Units)
      3. Blood Banks, 2020-2030F (USD Thousand) and (Thousand Units)
      4. Research Organization, 2020-2030F (USD Thousand) and (Thousand Units)
      5. Biopharmaceutical Companies, 2020-2030F (USD Thousand) and (Thousand Units)
        1. Cell and Gene Therapies, 2020-2030F (USD Thousand) and (Thousand Units)
        2. Recombinant Proteins, 2020-2030F (USD Thousand) and (Thousand Units)
        3. Vaccines, 2020-2030F (USD Thousand) and (Thousand Units)
        4. Recombinant Enzymes, 2020-2030F (USD Thousand) and (Thousand Units)
        5. Synthetic Immunomodulators, 2020-2030F (USD Thousand) and (Thousand Units)
        6. Others, 2020-2030F (USD Thousand) and (Thousand Units)
    3. By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
  16. North America Sterile Tubing Welder Market – Segmentation Analysis 2020-2030
    1. By Application
      1. Component Pooling, 2020-2030F (USD Thousand) and (Thousand Units)
      2. Quality Control Pooling, 2020-2030F (USD Thousand) and (Thousand Units)
      3. Leukoreduction, 2020-2030F (USD Thousand) and (Thousand Units)
      4. Fluid Replacement, 2020-2030F (USD Thousand) and (Thousand Units)
      5. Pathogen Reduction, 2020-2030F (USD Thousand) and (Thousand Units)
      6. Cell Washing & Freezing, 2020-2030F (USD Thousand) and (Thousand Units)
      7. Others, 2020-2030F (USD Thousand) and (Thousand Units)
    2. By End-User
      1. Hospitals, 2020-2030F (USD Thousand) and (Thousand Units)
      2. Diagnostic Laboratories, 2020-2030F (USD Thousand) and (Thousand Units)
      3. Blood Banks, 2020-2030F (USD Thousand) and (Thousand Units)
      4. Research Organization, 2020-2030F (USD Thousand) and (Thousand Units)
      5. Biopharmaceutical Companies, 2020-2030F (USD Thousand) and (Thousand Units)
        1. Cell and Gene Therapies, 2020-2030F (USD Thousand) and (Thousand Units)
        2. Recombinant Proteins, 2020-2030F (USD Thousand) and (Thousand Units)
        3. Vaccines, 2020-2030F (USD Thousand) and (Thousand Units)
        4. Recombinant Enzymes, 2020-2030F (USD Thousand) and (Thousand Units)
        5. Synthetic Immunomodulators, 2020-2030F (USD Thousand) and (Thousand Units)
        6. Others, 2020-2030F (USD Thousand) and (Thousand Units)
    3. By Country
      1. United States
      2. Canada
  17. Europe Sterile Tubing Welder Market – Segmentation Analysis 2020-2030
    1. By Application
    2. By End-User
    3. By Country
      1. United Kingdom
      2. Germany
      3. Italy
      4. France
      5. Spain
      6. Russia
      7. Netherlands
      8. Rest of Europe
  18. Asia Pacific Sterile Tubing Welder Market – Segmentation Analysis 2020-2030
    1. By Application
    2. By End-User
    3. By Country
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Australia
      6. Singapore
      7. Rest of Asia Pacific
  19. Latin America Sterile Tubing Welder Market – Segmentation Analysis 2020-2030
    1. By Application
    2. By End-User
    3. By Country
      1. Brazil
      2. Argentina
      3. Mexico
      4. Rest of Latin America
  20. Middle East & Africa Sterile Tubing Welder Market – Segmentation Analysis 2020-2030
    1. By Application
    2. By End-User
    3. By Country
      1. GCC
      2. Israel
      3. South Africa
      4. Rest of Middle East & Africa

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