The global sterile tubing welder market size is expected to reach USD 3.46 billion by 2030, registering a CAGR of 5.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for blood, blood products, and biopharmaceutical products is anticipated to drive the market for sterile tubing welder.
Sterile Tubing Welder Market Report Highlights
- Based on mode, the automatic segment held the largest market share of over 80% in 2022and is anticipated to witness the highest growth over the forecast period due to ease of operation and reduced labor costs
- Based on application, the blood processing segment held the largest revenue share of over 60% in 2022 due to a large number of patients being treated using apheresis annually across the globe
- By end-use, the hospital’s segment accounted for the largest revenue share of over 40% in 2022 owing to a rise in the adoption of advanced instruments and enhanced services in these settings
- North America dominated the market and accounted for the largest revenue share of over 35% in 2022. This can be attributed to the presence of numerous biopharmaceutical companies and high demand for biopharmaceutical products
- The Asia Pacific region is expected to grow at the fastest CAGR of 5.8% during the forecast period due to a large number of clinical trials being conducted and a rise in the number of medical device companies in the region
- Mergers & acquisitions are the key strategies adopted by the market players
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Blood transfusion is one of the most frequently performed medical procedures. Severe road traffic injuries, major surgical procedures, and hematology diseases, such as thalassemia, anemia, and leukemia, are some of the key reasons for the transfusion procedure. According to the Association for Safe International Road Travel (ASIRT) article, nearly 20 to 50 million individuals are injured or disabled in road accidents. Thus, high cases of road traffic injuries are anticipated to fuel the sterile tubing welder market growth.
Wastage of collected blood due to contamination, blood bag leakages, improper storage, and lack of proper handling facilities and qualified professionals are anticipated to increase the demand for innovative and medically advanced sterile instruments, such as automated sterile tubing welders. For instance, in India, nearly 10% of blood components and around 71% of whole blood are wasted each year due to the above-stated reasons.
List of Key Players in the Sterile Tubing Welder Market
- Sartorius AG
- Terumo BCT, Inc.
- GE Healthcare
- MGA Technologies
- Vante Biopharm / Sebra.
- Genesis BPS
- Biomen Biosystems Co., Ltd.
- SynGen, Inc.
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We have segmented the global sterile tubing welder market based on application, mode, end-use, and region.
Sterile Tubing Welder Application Outlook
- Biopharmaceutical
- Blood Processing
- Diagnostic Laboratories
- Others
Sterile Tubing Welder Mode Outlook
- Manual
- Automatic
Sterile Tubing Welder End-use Outlook
- Hospitals
- Research Clinics
- Blood Centers
- Others
Sterile Tubing Welder Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated and customized research reports and consulting services for 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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