The North America Sterile Tubing Welder Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
The demand for blood processing, sterile processing, and related infrastructure is expected to increase as a result of the rising demand for blood products. The market is expected to be driven by the significant biopharmaceutical research that is currently being done to produce novel and therapeutically enhanced drugs. For instance, almost 8,000 medications are reportedly in various stages of research worldwide, with about 74% of these pipeline products expected to be first-in-class medications, according to a report released by the Drug Trials and Manufacturers of America. Genetic diseases, Amyotrophic lateral sclerosis, cancer, and hemophilia are some of the major therapeutic categories that these development drugs address, helping to spur market expansion.
The primary causes of the regional market expansion in North America are the rise in chronic diseases and the frequency of traffic accidents. Approximately 15,292 people died in road accidents in the Mexico region in 2018, or 2.70 percent, according to figures released by the World Health Organization. The high accident rate in this area is driving up demand for blood collection equipment.
Additionally, according to the American National Red Cross' 2021 report, there is a yearly need for about 21 million blood components and 36,000 RBC units are needed daily in the country. The Diabetes Research Institute Foundation also stated that in the United States, adults aged 18 or older had an estimated 1.5 million new cases of diabetes diagnosed in 2018. Blood collection is required due to the increase in lifestyle-related ailments and chronic diseases. This would help the market for blood collection devices in the North American region develop even more.
The US market dominated the North America Sterile Tubing Welder Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $788.8 million by 2028. The Canada market is anticipated to grow at a CAGR of 7.4% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 6.5% during (2022 - 2028).
Based on Mode, the market is segmented into Automatic and Manual. Based on Application, the market is segmented into Blood Processing, Diagnostic Laboratories, Biopharmaceutical, and Others. Based on End Use, the market is segmented into Hospitals, Blood Centers, Research Clinics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Sterile Tubing Welder Market is Estimated to reach $2.9 Billion by 2028, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Terumo Corporation, General Electric (GE) Co. (GE Healthcare), Sartorius AG, Shanghai LePure Biotech Co., Ltd., Sentinel Process Systems, Inc., MGA Technologies, GenesisBPS, NewAge Industries, Inc., and Machine Solutions, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Mode
By Application
- Blood Processing
- Diagnostic Laboratories
- Biopharmaceutical
- Others
By End Use
- Hospitals
- Blood Centers
- Research Clinics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Terumo Corporation
- General Electric (GE) Co. (GE Healthcare)
- Sartorius AG
- Shanghai LePure Biotech Co., Ltd.
- Sentinel Process Systems, Inc.
- MGA Technologies
- GenesisBPS
- NewAge Industries, Inc.
- Machine Solutions, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Sterile Tubing Welder Market, by Mode
1.4.2 North America Sterile Tubing Welder Market, by Application
1.4.3 North America Sterile Tubing Welder Market, by End Use
1.4.4 North America Sterile Tubing Welder Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Sterile Tubing Welder Market by Mode
3.1 North America Automatic Market by Country
3.2 North America Manual Market by Country
Chapter 4. North America Sterile Tubing Welder Market by Application
4.1 North America Blood Processing Market by Country
4.2 North America Diagnostic Laboratories Market by Country
4.3 North America Biopharmaceutical Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Sterile Tubing Welder Market by End-use
5.1 North America Hospitals Market by Country
5.2 North America Blood Centers Market by Country
5.3 North America Research Clinics Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Sterile Tubing Welder Market by Country
6.1 US Sterile Tubing Welder Market
6.1.1 US Sterile Tubing Welder Market by Mode
6.1.2 US Sterile Tubing Welder Market by Application
6.1.3 US Sterile Tubing Welder Market by End-use
6.2 Canada Sterile Tubing Welder Market
6.2.1 Canada Sterile Tubing Welder Market by Mode
6.2.2 Canada Sterile Tubing Welder Market by Application
6.2.3 Canada Sterile Tubing Welder Market by End-use
6.3 Mexico Sterile Tubing Welder Market
6.3.1 Mexico Sterile Tubing Welder Market by Mode
6.3.2 Mexico Sterile Tubing Welder Market by Application
6.3.3 Mexico Sterile Tubing Welder Market by End-use
6.4 Rest of North America Sterile Tubing Welder Market
6.4.1 Rest of North America Sterile Tubing Welder Market by Mode
6.4.2 Rest of North America Sterile Tubing Welder Market by Application
6.4.3 Rest of North America Sterile Tubing Welder Market by End-use
Chapter 7. Company Profiles
7.1 General Electric (GE) Co. (GE Healthcare)
7.1.1 Company Overview
7.1.1 Financial Analysis
7.1.2 Segmental and Regional Analysis
7.1.3 Research & Development Expense
7.1.4 SWOT Analysis
7.2 Terumo Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Sartorius AG
7.3.1 Company Overview
7.4 Shanghai LePure Biotech Co., Ltd.
7.4.1 Company Overview
7.5 Sentinel Process Systems, Inc.
7.5.1 Company Overview
7.6 MGA Technologies
7.6.1 Company Overview
7.7 GenesisBPS
7.7.1 Company Overview
7.8 NewAge Industries, Inc.
7.8.1 Company Overview
7.9 Machine Solutions, Inc.
7.9.1 Company Overview
TABLE 1 North America Sterile Tubing Welder Market, 2018 - 2021, USD Million
TABLE 2 North America Sterile Tubing Welder Market, 2022 - 2028, USD Million
TABLE 3 North America Sterile Tubing Welder Market by Mode, 2018 - 2021, USD Million
TABLE 4 North America Sterile Tubing Welder Market by Mode, 2022 - 2028, USD Million
TABLE 5 North America Automatic Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Automatic Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Manual Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Manual Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Sterile Tubing Welder Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Sterile Tubing Welder Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Blood Processing Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Blood Processing Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Diagnostic Laboratories Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Diagnostic Laboratories Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Biopharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Biopharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Sterile Tubing Welder Market by End-use, 2018 - 2021, USD Million
TABLE 20 North America Sterile Tubing Welder Market by End-use, 2022 - 2028, USD Million
TABLE 21 North America Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Blood Centers Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Blood Centers Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Research Clinics Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Research Clinics Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Sterile Tubing Welder Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Sterile Tubing Welder Market by Country, 2022 - 2028, USD Million
TABLE 31 US Sterile Tubing Welder Market, 2018 - 2021, USD Million
TABLE 32 US Sterile Tubing Welder Market, 2022 - 2028, USD Million
TABLE 33 US Sterile Tubing Welder Market by Mode, 2018 - 2021, USD Million
TABLE 34 US Sterile Tubing Welder Market by Mode, 2022 - 2028, USD Million
TABLE 35 US Sterile Tubing Welder Market by Application, 2018 - 2021, USD Million
TABLE 36 US Sterile Tubing Welder Market by Application, 2022 - 2028, USD Million
TABLE 37 US Sterile Tubing Welder Market by End-use, 2018 - 2021, USD Million
TABLE 38 US Sterile Tubing Welder Market by End-use, 2022 - 2028, USD Million
TABLE 39 Canada Sterile Tubing Welder Market, 2018 - 2021, USD Million
TABLE 40 Canada Sterile Tubing Welder Market, 2022 - 2028, USD Million
TABLE 41 Canada Sterile Tubing Welder Market by Mode, 2018 - 2021, USD Million
TABLE 42 Canada Sterile Tubing Welder Market by Mode, 2022 - 2028, USD Million
TABLE 43 Canada Sterile Tubing Welder Market by Application, 2018 - 2021, USD Million
TABLE 44 Canada Sterile Tubing Welder Market by Application, 2022 - 2028, USD Million
TABLE 45 Canada Sterile Tubing Welder Market by End-use, 2018 - 2021, USD Million
TABLE 46 Canada Sterile Tubing Welder Market by End-use, 2022 - 2028, USD Million
TABLE 47 Mexico Sterile Tubing Welder Market, 2018 - 2021, USD Million
TABLE 48 Mexico Sterile Tubing Welder Market, 2022 - 2028, USD Million
TABLE 49 Mexico Sterile Tubing Welder Market by Mode, 2018 - 2021, USD Million
TABLE 50 Mexico Sterile Tubing Welder Market by Mode, 2022 - 2028, USD Million
TABLE 51 Mexico Sterile Tubing Welder Market by Application, 2018 - 2021, USD Million
TABLE 52 Mexico Sterile Tubing Welder Market by Application, 2022 - 2028, USD Million
TABLE 53 Mexico Sterile Tubing Welder Market by End-use, 2018 - 2021, USD Million
TABLE 54 Mexico Sterile Tubing Welder Market by End-use, 2022 - 2028, USD Million
TABLE 55 Rest of North America Sterile Tubing Welder Market, 2018 - 2021, USD Million
TABLE 56 Rest of North America Sterile Tubing Welder Market, 2022 - 2028, USD Million
TABLE 57 Rest of North America Sterile Tubing Welder Market by Mode, 2018 - 2021, USD Million
TABLE 58 Rest of North America Sterile Tubing Welder Market by Mode, 2022 - 2028, USD Million
TABLE 59 Rest of North America Sterile Tubing Welder Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of North America Sterile Tubing Welder Market by Application, 2022 - 2028, USD Million
TABLE 61 Rest of North America Sterile Tubing Welder Market by End-use, 2018 - 2021, USD Million
TABLE 62 Rest of North America Sterile Tubing Welder Market by End-use, 2022 - 2028, USD Million
TABLE 63 Key Information – General Electric (GE) Co.
TABLE 64 Key Information – Terumo Corporation
TABLE 65 KEY INFORMATION – SARTORIUS AG
TABLE 66 Key Information – Shanghai LePure Biotech Co., Ltd.
TABLE 67 Key Information – Sentinel Process Systems, Inc.
TABLE 68 Key Information – MGA Technologies
TABLE 69 Key Information – GenesisBPS
TABLE 70 Key Information – NewAge Industries, Inc.
TABLE 71 Key Information – Machine Solutions, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: General electric (GE) Co.