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What Is the Forecast for the Pharmaceutical Fluid Handling Market from 2024 to 2025?

In recent times, the size of the pharmaceutical fluid handling market has been experiencing constant growth. The market is predicted to expand from $11.86 billion in 2024 to $12.38 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%. This growth during the historical period is linked to factors such as regulatory standards and compliance, technology integration, increased focus on quality control, drug delivery innovations, and laboratory automation.

What Is the Projected Market Size of the Pharmaceutical Fluid Handling Market?

Projected to experience robust growth in the coming years, the pharmaceutical fluid handling market is estimated to expand to a value of $15.67 billion by 2029, with a CAGR of 6.1%. This growth during the forecasted period is anticipated to be driven by factors such as precision medicine and personalized therapies, an upsurge in biologics manufacturing, higher levels of outsourcing in the pharmaceutical industry, growth in emerging markets and the adaptability of manufacturing platforms. Key trends for the projected period include an emphasis on training and skill enhancement, the adoption of closed systems, the rise of decentralized manufacturing models, the growing application of nanotechnology, and the enhanced usage of smart sensors and IoT devices.

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Who are the Major Competitors in the Pharmaceutical Fluid Handling Market Outlook?

Major companies operating in the pharmaceutical fluid handling market include Pfizer Inc., Johnson & Johnson Pvt. Ltd, F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Thermo Fisher Scientific Inc., GlaxoSmithKline plc, Danaher Corporation, Gilead Sciences Inc., Amgen Inc., Parker Hannifin Corporation, Corning Incorporated, Agilent Technologies Inc., Alfa Laval AB, PerkinElmer Inc., Spirax Sarco Engineering plc, Eppendorf AG, Tecan Trading AG, CIRCOR International Inc., Raumedic AG, Borosil Glass Works Ltd., BioTek Instruments Inc., Labcyte Inc., Gilson Company Inc., Aurora Biomed Inc., Tef Cap Industries Inc., Labnet International Inc., Australian Fluid Handling Pty Ltd., Fraser Ross Ltd.

What Is Fueling Growth in the Pharmaceutical Fluid Handling Market?

The pharmaceutical fluid handling market is projected to expand due to the rising production of pharmaceutical drugs. This production process pertains to the creation of drugs, medications, or pharmaceutical substances. The role of pharmaceutical fluid handling in this process is critical as it ensures the precise and efficient management, transference, and storage of liquids and fluids throughout the production stages. For instance, data from the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgian trade group that represents Europe’s pharmaceutical industry, showed that total pharmaceutical production in Europe rose to €390,000 million ($422,803 million) in June 2023, an increase from €363,300 million ($393,857 million) in 2022. Consequently, the escalating demand for pharmaceutical drugs is a key driver propelling the growth of the pharmaceutical fluid handling market.

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Which Pharmaceutical Fluid Handling Market Segments Are Growing the Fastest?

The pharmaceutical fluid handling market covered in this report is segmented –

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

Subsegments:

1) By Equipment And Solutions: Pumps, Valves, Tubing, Filters, Flow Meters

2) By Services: Installation, Maintenance And Repair, Consulting, Training

Which Industry Trends Are Shaping the Future of the Pharmaceutical Fluid Handling Market?

The trend of integrating automated fluid handling systems is significantly gaining momentum in the pharmaceutical fluid handling sector. To maintain their market presence, companies active in this sector are incorporating automated fluid handling systems equipped with fluidic application programming interfaces (APIs). As an illustration, Festo, an automation firm based in Germany, unveiled a modular gantry robotic platform in February 2022 designed for automated fluid handling in labs. This platform serves a wide array of media, calibrations, and specific lab operations. The modular gantries come with a fluidic API that operates with Python, Java, and .NET/C drivers. This allows integrators to effortlessly devise and enhance strategies for the machine. It assists the fluid handling processes of end users, negates the need for OEMs to buy generic machines, and facilitates the adoption of new technology.

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Which Countries Are Leading the Pharmaceutical Fluid Handling Market?

North America was the largest region in the pharmaceutical fluid handling market in 2024. 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.

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This Report Delivers Insight On:

1. How big is the pharmaceutical fluid handling market, and how is it changing globally?

2. Who are the major companies in the pharmaceutical fluid handling market, and how are they performing?

3. What are the key opportunities and risks in the pharmaceutical fluid handling market right now?

4. Which products or customer segments are growing the most in the pharmaceutical fluid handling market?

5. What factors are helping or slowing down the growth of the pharmaceutical fluid handling market?

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