North America Sterile Tubing Welders Market To Make Great Im...| MENAFN.COM

Wednesday, 05 October 2022 09:55 GMT

North America Sterile Tubing Welders Market To Make Great Impact In Near Future By 2028


(MENAFN- America News Hour)

Research Nester has released a report titled North America Sterile Tubing Welders Market : Demand Analysis & Opportunity Outlook 2028” 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.

Advancements in the healthcare industry has led to the use of numerous medical tools and equipment for treating patients with different types of diseases. Despite the numerous benefits associated with the use of these devices, there is a growing concern for the contamination of these devices as the same equipment are used for treating multiple patients at the same time. One such commonly used medical accessory is the PVC tubing. These tubes are frequently cut and joined by the healthcare professionals based upon their requirement. Growing need to use sterile process to perform the task of joining the tubes is therefore driving the demand for sterile tubing welders, which in turn is anticipated to drive the market growth.

The North America sterile tubing welders market is anticipated to grow with a CAGR of 4.40% during the forecast period, i.e., 2020-2028. Growing awareness amongst individuals for hygienic medical environments along with the growing demand for sterile tubes from the end-users are some of the additional factors anticipated to contribute to the market growth. Moreover, the market attained a revenue of USD 120 Million in 2019 and is anticipated to further touch USD 1517 Million by 2028.

The market is segmented on the basis of connection type into dry-dry connections, wet-dry connections, wet-wet connections, and multiple use. Amongst these segments, the wet-dry connections segment is projected to grow with the highest CAGR of 5.01% during the forecast period and also register the largest market share in the year 2021. The segment is further estimated to generate a revenue of USD 699.5 Million by 2028.

However, the increasing costs of sterile tubing welders and the availability of low-cost alternatives are some of the factors anticipated to hamper the market growth during the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the North America sterile tubing welders market, which includes company profiling of Terumo BCT, Inc. (TYO: 4543), Sartorius AG (ETR: SRT), GenesisBPS, MGA Technologies, Cytiva (Global Life Sciences Solutions USA LLC), Vante Biopharm/Sebra, Pall Corporation, Saint-Gobain Performance Plastics (EPA: SGO), and others.

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 “North America Sterile Tubing Welders Market: Demand Analysis & Opportunity Outlook 2028” , analyses the overall North America sterile tubing welders 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 North America sterile tubing welders market in the near future.

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About Research Nester:

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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