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2024-2033 Pharmaceutical Fluid Handling Market Growth Rate: What’s the Forecast?

The market size of pharmaceutical fluid handling has seen consistent growth in the recent past. The increase will go from $11.24 billion in 2023 to $11.78 billion in 2024, indicating a compound annual growth rate (CAGR) of 4.8%. The previous growth rate was influenced by factors such as adherence to regulatory standards, integration of technology, focus on quality control, innovative drug delivery, and automation of laboratories.

Over the next few years, the pharmaceutical fluid handling market is projected to undergo significant growth, expanding to a hefty total of $14.44 billion in 2028 with a compound annual growth rate (CAGR) of 5.2%. This growth within the projected period can be traced back to a few key factors such as precision medicine coupled with personalized therapies, a rise in the manufacturing of biologics, an upsurge in pharma outsourcing, the development of emerging markets, and the adoption of flexible manufacturing platforms. Furthermore, the trend for the forecast period is leaning towards investing in training and skill development, embracing closed system developments, decentralized manufacturing models, and the increasing utilization of nanotechnology, smart sensors, and IoT devices.

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What Drivers Are Accelerating the Growth of the pharmaceutical fluid handling Market?

The pharmaceutical fluid handling market is predicted to flourish due to the rising production of pharmaceutical drugs. Pharmaceutical drug production involves the creation of medicinal substances and pharmaceutical fluid handling plays a pivotal role by ensuring thorough and precise handling, transferring, and housing of liquids during the manufacturing cycle. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a pharmaceutical industry representative in Europe, stated in June 2022 that Europe’s total pharmaceutical production for 2021 was $351 billion (€300,000 million), marking a growth of around 5% from $335.2 billion (€286,697 million) in 2020. Consequently, the increasing demand for pharmaceutical drugs is fueling the expansion of the pharmaceutical fluid handling market.

What Key Segments Can Be Identified in the Pharmaceutical Fluid Handling Market?

1) By Offering: Equipment And Solutions, Services

2) By Tubing: Thermoplastic Elastomers, Polyvinyl Chloride, Silicone

3) By Usage: Cough Syrup, Intravenous Product, Complex Active Pharmaceutical Ingredients, Other Usage

4) By Application: Fluid Handling And Management, Fluid Preparation, Integration And Automation, Buffer Management, Other Applications

5) By End User: Biotechnology Companies, Pharmaceutical And Medical Companies, Other End Users

What Trends Are On the Rise in the Pharmaceutical Fluid Handling Market?

The trend of adopting automated fluid handling systems is becoming increasingly prominent in the pharmaceutical fluid handling market. To maintain their market positioning, companies within this market are integrating fluidic application programming interfaces (API) into their automated fluid handling systems. For example, Festo, an automation company based in Germany, introduced a modular gantry robot platform designed for automated liquid handling in laboratories in February 2022. The platform caters to a wide array of media, calibrations, and specific lab operations. Its modular gantries feature a fluidic API compatible with Python, Java, and .NET/C# drivers, which simplifies the job of integrators in developing and improving machine strategies. This aids with the end users’ fluid handling process, negates the need for OEMs to acquire generic machines and aids in the testing of new technologies.

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What Regions Are Steering Growth in the Pharmaceutical Fluid Handling Sector?

North America was the largest region in the pharmaceutical fluid handling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical fluid handling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Pharmaceutical Fluid Handling Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the pharmaceutical fluid handling market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Pharmaceutical Fluid Handling Market Include

1. Pharmaceutical Fluid Handling Market Executive Summary

2. Pharmaceutical Fluid Handling Market Segments

3. Pharmaceutical Fluid Handling Market Size And Template Market Growth Rate

4. Key Pharmaceutical Fluid Handling Market Trends

5. Major Pharmaceutical Fluid Handling Market Drivers

……

25. Key Mergers And Acquisitions In The Pharmaceutical Fluid Handling Market

26. Top Pharmaceutical Fluid Handling Companies

27. Pharmaceutical Fluid Handling Market Opportunities And Strategies

28. Pharmaceutical Fluid Handling Market, Conclusions And Recommendations

29. Appendix

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