Research Nester has released a report titled “Sterile Tubing Welder Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
In one of the statistics by the World Health Organization (WHO), 123 out of 171 countries registered to have a national blood policy. This was around 72% of the total reporting countries. Additionally, 64% of the total reporting countries, which was 110 out of 171 countries, registered to have specific protocols for transfusion process.
The statistics portray the growing focus of the government of nations to create stringent policies for hygienic blood transfusion processes, which is one of the major factors anticipated to drive the demand for sterile tubing welders in the coming years. Moreover, the growing concern for blood disorders worldwide, and the need to maintain a sterile and hygienic environment in blood sample collection processes, followed by the rising prevalence of chronic diseases, are some of the additional factors anticipated to contribute to the market growth.
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The global sterile tubing welder market is anticipated to grow with a CAGR of 4.49% during the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 3463658.4 Thousand by the end of 2030, up from a revenue of USD 2247000.0 Thousand in the year 2020. The market is segmented by end-user into hospitals, diagnostic laboratories, blood banks, research organization, and biopharmaceutical companies. In the year 2020, the hospitals segment generated the largest revenue of USD 707444.5 Thousand, and is further expected to touch USD 1065085.9 Thousand by the end of 2030. The segment is further anticipated to grow with a CAGR of 4.24% during the forecast period.
Geographically, 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. By the end of 2030, the market in North America is anticipated to garner the largest revenue of USD 1695833.0 Thousand. The growth of the market in the region can be attributed to the increasing need for blood platelets and plasma, and for the rising awareness for blood donation activities amongst the individuals in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, 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). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the availability of low-cost alternatives and the stringent government norms for manufacturing sterile tubing welders are some of the major factors predicted to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global sterile tubing welder market, which includes company profiling of 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.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Sterile Tubing Welder Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global sterile tubing welder industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global sterile tubing welder market in the near future.
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