What Is The Current and Historic Market Size Analysis Of The Pharmaceutical Fluid Handling Market?
The pharmaceutical fluid handling market has seen considerable growth due to a variety of factors.
•In recent times, the pharmaceutical fluid handling market has seen a consistent growth. It is projected to rise from $11.86 billion in 2024 to $12.38 billion in 2025, at a compound annual growth rate (CAGR) of 4.4%.
This growth during the historic phase is linked with factors such as adherence to regulatory standards, incorporation of technology, focus on quality control, drug delivery innovations and automation in laboratories.
What Are The Predictions for The Pharmaceutical Fluid Handling Market Size In The Coming Years?
The pharmaceutical fluid handling market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for pharmaceutical fluid handling is projected to witness a substantial increase in the coming years. The market is forecasted to reach a value of $15.67 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%.
This projected growth in the estimated timeline can be accredited to factors like the development of precision medicine and personalized therapies, a surge in biologics production, a growth in pharma outsourcing, an increase in emerging markets, and the adaptability of flexible manufacturing platforms. Key trends expected to be dominant in the estimated period are greater emphasis on training and skill development, the creation of closed systems, move towards decentralized manufacturing models, a rise in the application of nanotechnology, and an increased adoption of smart sensors and Internet of Things (IoT) devices.
Which Key Drivers Are Propelling The Pharmaceutical Fluid Handling Market's Growth?
The anticipated growth in the production of pharmaceutical drugs is set to stimulate the expansion of the pharmaceutical fluid handling market. Drug production, which is the creation of pharmaceutical substances or medications, is facilitated by pharmaceutical fluid handling. This system ensures the precise and efficient management, relocation, and enclosure of liquids and fluids during the production process. For example, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a trade organization based in Belgium that represents Europe's pharmaceutical industry, reported that total pharmaceutical production in Europe was €390,000 million ($422,803 million) in June 2023. This was an increase from €363,300 million ($393,857 million) in 2022. Therefore, the escalating demand for pharmaceutical drugs is steering the growth trajectory of the pharmaceutical fluid handling market.
What Are The Key Segments Within The Global Pharmaceutical Fluid Handling Market?
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
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How Are New Trends Impacting The Size Of The Pharmaceutical Fluid Handling Market?
The rise of automated fluid handling systems is a notable trend gaining traction in the pharmaceutical fluid handling market. Firms in this market are leveraging these systems, equipped with fluidic application programming interfaces (API), in order to maintain their market standing. For instance, Festo, an automation firm based in Germany, launched a modular gantry robot platform for automated liquid handling in laboratories in February 2022. This platform has a wide range of applications, including different media, calibrations, and targeted operations in labs. The modular gantries come with a fluidic application programming interface (API) that includes Python, Java, and .NET/C# drivers, enabling integrators to conveniently devise and enhance strategies for the machine as well as assist end users' fluid handling processes. This removes the requirement for OEMs to buy generic machines and smoothes the transition to new technology.
Who Are the Key Players in the Pharmaceutical Fluid Handling Market?
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 are the Regional Insights into 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.
