Global Biopharmaceutical Tubing Market Forecast 2024-2033: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The biopharmaceutical tubing market size has grown rapidly in recent years. It will grow from $3.88 billion in 2023 to $4.32 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to the rise in demand for minimally invasive procedures, an increase in the elderly population, a rise in demand for ultra-pure and corrosion-resistant systems, and a surge in demand for diagnostic equipment and drug delivery systems. The biopharmaceutical tubing market size is expected to see rapid growth in the next few years. It will grow to $6.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to increasing biopharmaceutical production, stricter regulation policies, rising need for efficient and contamination-free bioprocessing, rising safety measures, and growing pharmaceutical R&D. Major trends in the forecast period include advancements in single-use systems, innovations in tubing materials, advancements in customized tubing solutions, and innovation in tubing design.
The increasing number of personalized medicines is expected to fuel the growth of the biopharmaceutical tubing market going forward. Personalized medicine refers to a medical approach that tailors healthcare decisions, practices, interventions, and treatments to the individual characteristics of each patient. The emphasis on personalized medicine is heightened due to genetic research, which enables tailored treatment approaches based on an individual’s genetic profile, lifestyle, and specific health conditions. Biopharmaceutical tubing plays a crucial role in personalized medicine by providing precise, sterile, and reliable fluid transfer, essential for delivering customized treatments and therapies tailored to individual patient profiles. For instance, in 2022, the Personalized Medicine Coalition, a US-based professional membership organization, reported that 12 new personalized medicines were approved, accounting for approximately 34% of all newly approved therapies, marking a significant increase compared to previous years. Therefore, the increasing number of personalized medicines is driving the growth of the biopharmaceutical tubing market.
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What Are The Key Trends That Influence Biopharmaceutical Tubing Market Share Analysis?
Major companies in the biopharmaceutical tubing market are innovating next-generation customizable solutions like bioabsorbable tubing to enhance performance, improve sterility, and optimize fluid handling for advanced biopharmaceutical applications. Bioabsorbable tubing is specialized tubing made from materials that gradually break down and are absorbed by the body over time, negating the need for removal after use. For instance, in September 2023, Zeus Company Inc., a US-based advanced polymer solutions provider, launched the Absorv XSE-oriented tubing, a next-generation bioabsorbable product designed for bioresorbable vascular scaffolds (BRS). This innovation enables medical device manufacturers to explore BRS applications beyond treating coronary artery disease and potentially replace metallic stents in various procedures. The new tubing features improved uniformity in wall thickness and sizing, resulting in greater efficiency during laser cutting processes, ultimately leading to more usable scaffolds.
Which Market Players Are Driving Growth In The Biopharmaceutical Tubing Market?
Major companies operating in the biopharmaceutical tubing market are Compagnie de Saint-Gobain S.A., Thermo Fisher Scientific Inc., Merck KGaA, GE HealthCare Technologies Inc., Parker Hannifin Corporation, DuPont de Nemours Inc., Freudenberg Group, Medline Industries LP, Avantor Inc., Alfa Laval AB, REHAU Group, W. L. Gore & Associates Inc., Sartorius AG, Elkem ASA, Trelleborg AB, Bio-Rad Laboratories Inc., Tekni-Plex Inc., Pall Corporation, Zeus Company Inc., Watson-Marlow Ltd., Raumedic AG, Qosina, Optinova AB, ESI Ultrapure
How Is The Global Biopharmaceutical Tubing Market Segmented?
The biopharmaceutical tubingmarket covered in this report is segmented –
1) By Product: Silicone Tubing, Polyvinyl Chloride (PVC) Tubing, Polyolefin Tubing, Thermoplastic Elastomer Tubing
2) By Manufacturing Process: Extrusion, Vulcanization, Other Manufacturing Processes
3) By Application: Pharmaceutical, Medical Devices, Research And Development, Other Applications
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The Biopharmaceutical Tubing Global Market Report 2024 provides an overview of the biopharmaceutical tubingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The biopharmaceutical tubing market forecast analyzes biopharmaceutical tubing market size, biopharmaceutical tubing market share, leading competitor and their market positions.
The Table Of Content For The Biopharmaceutical Tubing Market Include
1. Biopharmaceutical Tubing Market Executive Summary
2. Biopharmaceutical Tubing Market Segments
3. Biopharmaceutical Tubing Market Size And Template Market Growth Rate
4. Key Biopharmaceutical Tubing Market Trends
5. Major Biopharmaceutical Tubing Market Drivers
……
25. Key Mergers And Acquisitions In The Biopharmaceutical Tubing Market
26. Top Biopharmaceutical Tubing Companies
27. Biopharmaceutical Tubing Market Opportunities And Strategies
28. Biopharmaceutical Tubing Market, Conclusions And Recommendations
29. Appendix
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