The Pharmaceutical Fluid Handling Market Size is valued at USD 10.28 Bn in 2022 and is predicted to reach USD 15.31 Bn by the year 2031 at a 4.6% CAGR during the forecast period for 2023-2031.
Pharmaceutical fluid handling is essential for delivering fluid medications such as cough syrups, intravenous medicines, and complicated active pharmaceutical components. Any firm that wants to flourish and be relied upon must invest in properly handling instruments and equipment. Automation cuts down on human mistakes, decreasing the number of lost samples.
The fluid handling equipment and production unit can be cleaned directly by automated handling without additional preparation. The application of AI for automated liquid handling provides promising prospects for the development of the market, such as the control of different phases of autonomous liquid handling and the use of internet connectivity to engage remotely with handlers.
In addition, key players' increased focus on new product development and strategic collaborations led to the growth of the global pharmaceutical fluid handling market. Companies in the pharmaceutical fluid handling market can anticipate substantial development prospects and increased spending on cutting-edge technology. It drives expansion globally and is expected to boost market expansion in the coming years.
The pharmaceutical fluid handling market is segmented based on offering, tubing, application, usage, and end-users. Based on offering, equipment & solutions and services. By tubing, the market is segmented into thermoplastic elastomers, polyvinyl chloride, and silicone. By application, the market is segmented into fluid handling & management, fluid preparation, integration & automation, buffer management, and others. By usage, the market is segmented into cough syrup, intravenous products, complex active pharmaceutical ingredients, and others. By end user, the market is segmented into biotechnology companies, pharmaceutical & medical companies, and others.
The thermoplastic elastomers companies' pharmaceutical fluid handling category is expected to record a major global market share in 2022. It is attributed because thermoplastic elastomers are highly processable and can be used in any standard extrusion or injection moulding facility. They may be reused often without breaking the bank and produce fewer emissions. The pharmaceutical and biomedical industries manufacture thermoplastic elastomer tubing with a high purity level.
The biotechnology companies segment is estimated to grow rapidly in the global pharmaceutical fluid handling market. Innovative biologics for treating chronic diseases are mostly the domain of the biotechnology industry. Since the beginning of this decade, the industry has expanded thanks to more funding for R&D and more approvals from government agencies to market new products, especially in countries like the US, Germany, the UK, China, and India.
The North American pharmaceutical fluid handling market is expected to record the maximum market share in revenue in the near future. It can be attributed to the developments in healthcare infrastructure, the big domestic pharmaceutical industry and production facilities. The government also spends much on creating special industrial zones where infrastructure may be built and products can be made at a discount.
In addition, the presence of key market competitors and improvements in pharmaceutical fluid handling technology fuel expansion in the region's industries. In addition, Asia Pacific is projected to grow rapidly in the global pharmaceutical fluid handling market because of increased pharmaceutical R&D spending, rising pharmaceutical output, a maturing pharmaceutical sector, and growing financial support from the business.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 10.28 Bn |
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Revenue Forecast In 2031 |
USD 15.31 Bn |
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Growth Rate CAGR |
CAGR of 4.6% from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Offering, Tubing, Application, Usage, and End User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
CIRCOR International Inc, Parker Hannifin Corp, Danaher Corp, Spirax Sarco Engineering plc, Merck KGaA, Rochling SE & Co KG, RAUMEDIC AG, Tef Cap Industries Inc, Fraser Ross Ltd, and Australian Fluid Handling Pty Ltd. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Pharmaceutical Fluid Handling Market Snapshot
Chapter 4. Global Pharmaceutical Fluid Handling Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Offering Estimates & Trend Analysis
5.1. By Offering, & Market Share, 2020 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Offering:
5.2.1. Equipment & Solutions
5.2.2. Services
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2020 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Application:
6.2.1. Fluid Handling & Management
6.2.2. Fluid Preparation
6.2.3. Integration & Automation
6.2.4. Buffer Management
6.2.5. Others
Chapter 7. Market Segmentation 3: By Tubing Estimates & Trend Analysis
7.1. By Tubing & Market Share, 2020 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Tubing:
7.2.1. Thermoplastic Elastomers
7.2.2. Polyvinyl Chloride
7.2.3. Silicone
Chapter 8. Market Segmentation 4: By End user Estimates & Trend Analysis
8.1. By End user & Market Share, 2020 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By End user:
8.2.1. Biotechnology Companies
8.2.2. Pharmaceutical & Medical Companies
8.2.3. Others
Chapter 9. Market Segmentation 5: By Usage Estimates & Trend Analysis
9.1. By Usage & Market Share, 2020 & 2031
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Usage:
9.2.1. Cough Syrup
9.2.2. Intravenous Product
9.2.3. Complex Active Pharmaceutical Ingredients
9.2.4. Others
Chapter 10. Pharmaceutical Fluid Handling Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Pharmaceutical Fluid Handling Market revenue (US$ Million) estimates and forecasts By Offering, 2019-2031
10.1.2. North America Pharmaceutical Fluid Handling Market revenue (US$ Million) estimates and forecasts By Application, 2019-2031
10.1.3. North America Pharmaceutical Fluid Handling Market revenue (US$ Million) estimates and forecasts By Tubing, 2019-2031
10.1.4. North America Pharmaceutical Fluid Handling Market revenue (US$ Million) estimates and forecasts By End user, 2019-2031
10.1.5. North America Pharmaceutical Fluid Handling Market revenue (US$ Million) estimates and forecasts By Usage, 2019-2031
10.1.6. North America Pharmaceutical Fluid Handling Market revenue (US$ Million) estimates and forecasts by country, 2019-2031
10.2. Europe
10.2.1. Europe Pharmaceutical Fluid Handling Market revenue (US$ Million) By Offering, 2019-2031
10.2.2. Europe Pharmaceutical Fluid Handling Market revenue (US$ Million) By Application, 2019-2031
10.2.3. Europe Pharmaceutical Fluid Handling Market revenue (US$ Million) By Tubing, 2019-2031
10.2.4. Europe Pharmaceutical Fluid Handling Market revenue (US$ Million) By End user, 2019-2031
10.2.5. Europe Pharmaceutical Fluid Handling Market revenue (US$ Million) By Usage, 2019-2031
10.2.6. Europe Pharmaceutical Fluid Handling Market revenue (US$ Million) by country, 2019-2031
10.3. Asia Pacific
10.3.1. Asia Pacific Pharmaceutical Fluid Handling Market revenue (US$ Million) By Offering, 2019-2031
10.3.2. Asia Pacific Pharmaceutical Fluid Handling Market revenue (US$ Million) By Application, 2019-2031
10.3.3. Asia Pacific Pharmaceutical Fluid Handling Market revenue (US$ Million) By Tubing, 2019-2031
10.3.4. Asia Pacific Pharmaceutical Fluid Handling Market revenue (US$ Million) By End user, 2019-2031
10.3.5. Asia Pacific Pharmaceutical Fluid Handling Market revenue (US$ Million) By Usage, 2019-2031
10.3.6. Asia Pacific Pharmaceutical Fluid Handling Market revenue (US$ Million) by country, 2019-2031
10.4. Latin America
10.4.1. Latin America Pharmaceutical Fluid Handling Market revenue (US$ Million) By Offering, (US$ Million) 2019-2031
10.4.2. Latin America Pharmaceutical Fluid Handling Market revenue (US$ Million) By Application, (US$ Million) 2019-2031
10.4.3. Latin America Pharmaceutical Fluid Handling Market revenue (US$ Million) By Tubing, (US$ Million) 2019-2031
10.4.4. Latin America Pharmaceutical Fluid Handling Market revenue (US$ Million) By End user, (US$ Million) 2019-2031
10.4.5. Latin America Pharmaceutical Fluid Handling Market revenue (US$ Million) By Usage, (US$ Million) 2019-2031
10.4.6. Latin America Pharmaceutical Fluid Handling Market revenue (US$ Million) by country, 2019-2031
10.5. Middle East & Africa
10.5.1. Middle East & Africa Pharmaceutical Fluid Handling Market revenue (US$ Million) By Offering, (US$ Million) 2019-2031
10.5.2. Middle East & Africa Pharmaceutical Fluid Handling Market revenue (US$ Million) By Application, (US$ Million) 2019-2031
10.5.3. Middle East & Africa Pharmaceutical Fluid Handling Market revenue (US$ Million) By Tubing, (US$ Million) 2019-2031
10.5.4. Middle East & Africa Pharmaceutical Fluid Handling Market revenue (US$ Million) By End user, (US$ Million) 2019-2031
10.5.5. Middle East & Africa Pharmaceutical Fluid Handling Market revenue (US$ Million) By Usage, (US$ Million) 2019-2031
10.5.6. Middle East & Africa Pharmaceutical Fluid Handling Market revenue (US$ Million) by country, 2019-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. CIRCOR International Inc
11.2.2. Parker Hannifin Corp
11.2.3. Danaher Corp
11.2.4. Spirax Sarco Engineering plc
11.2.5. Merck KGaA
11.2.6. Rochling SE & Co KG
11.2.7. RAUMEDIC AG
11.2.8. Tef Cap Industries Inc
11.2.9. Fraser Ross Ltd
11.2.10. Australian Fluid Handling Pty Ltd
Pharmaceutical Fluid Handling Market By Offering -
Pharmaceutical Fluid Handling Market By Tubing -
Pharmaceutical Fluid Handling Market By Application -
Pharmaceutical Fluid Handling Market By Usage -
Pharmaceutical Fluid Handling Market By End User -
Pharmaceutical Fluid Handling Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.4456
