“Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.
Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the STERILE TUBING WELDER MARKET during the forecast period.
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Global Sterile Tubing Welder Market is valued approximately at USD 2.1 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2019-2026. Sterile tubing welders were assembled to create aseptic association amongst the two lengths of consistent thermoplastic tubing. In the composition for the welding process, the two ends of tubing are positioned strongly in the tube clamp assembly irrespective of whether wet tubing or dry tubing is being connected. Sterile tubing welders also brings instant and safe connection that maintains a functionally closed system. As every wafer is removed after one-time use, thus cross contamination is negligible. Further, the welders can be utilized in blood banks for blood center applications or blood bag type tubing. It can also be used in biotechnology applications which involve larger bore tubing. The sample is transmitted or inserted directly into a sterile tube, which is then required to be firmly capped and further transferred for testing in a laboratory. Rise in demand for blood and blood-based products, surging investments in R&D projects, along with the increasing utilization of single-use technologies are the few factors responsible for high CAGR of the market over the forecast period. According to the American Society of Hematology, in the U.S., over 20 million units of red blood cells, platelets, and plasma are transfused every year to treat hematologic conditions like leukemia, sickle cell disease and severe anemia. Such high demand for blood products is expected to fuel the demand for blood processing, sterile processing, and related infrastructure thus, reinforcing the growth of sterile tubing welder market. However, availability of substitutes is one of the major factors expected to impede the growth of global sterile tubing welder market over the forecast period.
The regional analysis of global Sterile Tubing Welder Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the escalating demand for sterile and hygienic environment to avoid contamination, along with the surging requirement of sterility in blood products and drugs in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period, due to increasing investments in research & development in the emerging economies such as China and India.
Major market player included in this report are:
Terumo BCT, Inc.
Flex Concepts, Inc.
Shanghai Lepure Biological Technology Co., Ltd.
Newage Industries, Inc.
Biomen Biosystems Company Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Sterile Tubing Welder Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Sterile Tubing Welder Market, by Mode, 2017-2026 (USD Billion)
1.2.2. Sterile Tubing Welder Market, by Application, 2017-2026 (USD Billion)
1.2.3. Sterile Tubing Welder Market, by End-Use, 2017-2026 (USD Billion)
1.2.4. Sterile Tubing Welder Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Sterile Tubing Welder Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Sterile Tubing Welder Market Dynamics
3.1. Sterile Tubing Welder Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Sterile Tubing Welder Market Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Sterile Tubing Welder Market, by Mode
5.1. Market Snapshot
5.2. Global Sterile Tubing Welder Market by Mode, Performance – Potential Analysis
5.3. Global Sterile Tubing Welder Market Estimates & Forecasts by Mode 2016-2026 (USD Billion)
5.4. Sterile Tubing Welder Market, Sub Segment Analysis
Chapter 6. Global Sterile Tubing Welder Market, by Application
6.1. Market Snapshot
6.2. Global Sterile Tubing Welder Market by Application, Performance – Potential Analysis
6.3. Global Sterile Tubing Welder Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Sterile Tubing Welder Market, Sub Segment Analysis
6.4.1. Bio Pharmaceutical
6.4.2. Blood Processing
6.4.3. Diagnostic Laboratories
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