Report ID: SQSG35A2044
Report ID:
SQSG35A2044 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
North America dominated the global market in 2021. The market in this region is expanding as a result of a number of factors, including an increase in the prevalence of chronic diseases, recent technological developments, and a high demand for sterile and hygienic environments to prevent contamination. One of the main elements fuelling the market's expansion is the rising burden of chronic diseases in the United States. A total of 157 million people are thought to have at least one chronic condition, according to the National Health Council 2020 report. The market for sterile tubing welders will grow most rapidly in North America, followed by Europe, as a result of the region's increasing demand for sterile environments to prevent contamination.
Asia Pacific held the second largest percentage of market revenue. Growth is the result of a rise in the demand for sterile tubing welders in nations like China, India, and Japan. The market for sterile tubing welders will be positively impacted by China's rapid growth in the pharmaceutical and biotechnology sectors.
Additionally, it is anticipated that the increased demand for sterility in blood products and pharmaceuticals will support the market for sterile tubing welders. The pharmaceutical industry is anticipated to be stimulated by the expected rise in diseases in Latin America and the Middle East, which will drive up demand for sterile tubing welders in the area.
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REQUEST FREE CUSTOMIZATIONSterile Tubing Welder Market size was valued at USD 2.2 billion in 2019 and is poised to grow from USD 2.33 billion in 2023 to USD 3.87 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
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Report ID: SQSG35A2044