Sterile Tubing Welder Market Size, Share, Insights Report By Mode (Automatic, and Manual), By Application (Blood Processing, Diagnostic Laboratories, Pharmaceuticals, and Others), By End Use (Hospitals, Industries, Research Clinics, and Others), and By Region – Global Industry Analysis, Emerging Trends, Demand and Forecast Report 2024 – 2030

Healthcare & Pharma Syndicate Market Research Pages: 130 Report ID: 12637

According to Syndicate Market Research, the global sterile tubing welder market size in terms of revenue was valued at around USD 2.5 billion in 2023 and is expected to reach a value of USD 3.7 billion by 2030, growing at a CAGR of roughly 4.45% from 2024 to 2030. The global sterile tubing welder market is projected to grow at a significant growth rate due to a number of driving factors.

Sterile Tubing Welder Market: Overview

The development of a sterile tubing welder has facilitated the aseptic joining of two lengths of thermoplastic tubing that are compatible. The pipe clamp assembly is utilized to firmly secure the two tube extremities of the identical module in the welding arrangement. Aseptic pipe welders maintain a functionally closed system by facilitating a rapid and secure connection, regardless of whether moist or dry pipe connections are being made.  The potential for cross-contamination is significantly reduced due to the single-use disposal of each strip. A functionally secure system is upheld by an ideal aseptic fabricator. Sealants are compatible with both blood bag-type tubes and blood center applications in blood banks.

In biotechnology, welding machines are utilized for pipelines with a greater diameter. For testing, specimens are transferred to or placed directly into a sterile container, which must subsequently be sealed securely and conveyed to the laboratory. The primary factor impeding the expansion of the sterile tubing welder market is the fact that only trained personnel are permitted to operate clean tube welding equipment in hospitals, clinics, and blood bank laboratories.

Key Highlights

  • The global sterile tubing welder market is projected to grow at a CAGR of 4.45% from 2023 to 2028.
  • The expansion of developing economies' gross domestic product (GDP) and the swift expansion of the industrial and commercial sectors will propel the growth of the portable toilet market throughout the forecast period.
  • Based on mode, the automatic segment dominated the market and accounted for a considerable share of revenues.
  • By application, the blood-processing industry captured a major portion of the overall market.
  • On the basis of region, the North American region contributed the most revenue, approximately 40%.

                                                      Global Sterile Tubing Welder Market 2024 Size by Region

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Sterile Tubing Welder Market Dynamics:

Growth Drivers

  • Rising demand for customized medications boosts global market growth.

The escalating growth of the market is significantly propelled by the rising demand for personalized medicines. In addition to this, the market for sterile tube sealants is also being propelled by the rising prevalence of blood disorders, the expanding use of cell therapy and genetics, and the rising demand for blood and blood products. The market for antiseptic pipe welding machines will be presented with an expanding array of prospects due to technological progress and modernization from 2024 to 2030.

Restraints

  • Global market expansion could be impeded by the existence of substitutes

The availability of alternatives or substitute items is an important element, functioning as a limitation among others. During the forecast period, it will pose new challenges to the Sterile Tubing Welder market's growth.

Opportunities

  • Institute improvement in sterile tubing welders creates growth potential

Biopharmaceutical research to discover novel and therapeutic medications will drive the industry. According to a Pharmaceutical Research and Manufacturers of America survey, approximately 8,000 medicines are under development worldwide, with 74% scheduled. These medications under development address genetic disorders, amyotrophic lateral sclerosis, cancer, and hemophilia, growing the market. The 2020 pandemic interrupted product production, but the pharmaceutical business led the way in growth.

Sterile Tubing Welder Market: Segmentation Analysis

The global sterile tubing welder market is segregated based on mode, application, end-user, and region.

Mode Insights

Based on mode, the market is separated into automatic and manual. The automatic sector dominates global sales due to its simplicity and portability. Because modern welding equipment increases weld quality and usability, this segment is likely to lead during the forecast. Without a professional technician, the automatic welder can change welding speed and time. Machines weld faster than skilled welders, decreasing labor. Demand for these gadgets should rise due to increasing production and lower labor costs.

Application Insights

By application, the market is divided into blood processing, diagnostic laboratories, pharmaceuticals, and others. Due to rising blood demand, the blood processing segment generated the most revenue throughout the forecast period, with blood products driving this segment. This may be attributed to the growing demand for customized treatment, cell and gene therapies, and blood disorders like hemophilia. About 1,125,000 males worldwide have hemophilia.

Recent Developments

  • Mesa Laboratories, Inc. bought Swedish peptide synthesis and bioanalysis technology and service provider Gyros Protein Technologies AB in 2021. The transaction was made by Mesa Labs to strengthen its position in the sterile tubing welders market and expand its life science product line.
  • In 2021, Sonics & Materials, Inc. released the SonoWeld® 3x sterile tubing welders. Designed for high-volume manufacturing, these welders have an intuitive touchscreen interface and automatic frequency adjusting. SonoWeld® 3x comes with a validation package to ensure industry compliance.

Sterile Tubing Welder Market: Regional Insights

  • North America's regional market dominance is aided by the rising prevalence of chronic diseases

The global market was dominated by North America, which contributed over 40% of the worldwide revenue share. Key factors driving market growth in the region include the rising incidence of chronic diseases, recent technological developments, and the considerable need for a hygienic and sterilized environment to prevent contamination.

One of the primary drivers of market development in the United States is the escalating prevalence of chronic diseases. The National Health Assembly estimates that 157 million individuals suffer from at least one chronic disease in 2020. Additionally, chronic illnesses are responsible for an estimated seven out of ten deaths, with kidney failure ranking among the primary causes in the United States.

 

Report Attributes Report Details
Report Name Sterile Tubing Welder Market
Market Size in 2023 USD 2.5 billion
Market Forecast in 2030 USD 3.7 billion
Growth Rate CAGR of 4.45%
Number of Pages 130
Key Companies Covered Biomen Biosystems Company Ltd., Flex Concepts Inc., GE Healthcare, Genesis BPS, MGA technologies, Sartorius Stedim Biotech S.A., Shanghai Le Pure Biological Technology Co. Ltd., Terumo BCT Inc., VANTE Biopharm, and others.
Segments Covered By Mode, By Application, By End-Use
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Sterile Tubing Welder Market: Competitive Insights

Some of the major players in the global sterile tubing welder market include;

  • Biomen Biosystems Company Ltd.
  • Flex Concepts Inc.
  • GE Healthcare
  • Genesis BPS
  • MGA technologies
  • Sartorius Stedim Biotech S.A.
  • Shanghai Le Pure Biological Technology Co. Ltd.
  • Terumo BCT Inc.
  • VANTE Biopharm

Global sterile tubing welder market is segmented as follows:

By Mode

  • Automatic
  • Manual

By Application

  • Blood Processing
  • Diagnostic Laboratories
  • Pharmaceuticals
  • Others

By End-Use

  • Hospitals
  • Industries
  • Research Clinics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • The Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East Africa

Frequently Asked Questions:

What are the key factors driving global sterile tubing welder market growth?

Personalized medicine demand, blood and blood product demand, cell therapy and genetics, and blood disorder prevalence are key factors of sterile tubing welder market expansion.

What will be the CAGR of the global sterile tubing welder market?

The global sterile tubing welder market is growing at a CAGR of around 4.45% during the forecast period (2024-2030).

What will be the value of the sterile tubing welder market during 2024- 2030?

According to Syndicate Market Research, the global sterile tubing welder market size was estimated at approximately USD 2.5 billion in 2023 and is expected to generate revenue of around USD 3.7 billion by 2030.

Which region will drive global sterile tubing welder market revenue?

North America region will dominate the global sterile tubing welder market.

Who are the key players operating in the global sterile tubing welder market growth?

Some major players covered in the global sterile tubing welder market are; Biomen Biosystems Company Ltd., Flex Concepts Inc., GE Healthcare, Genesis BPS, MGA technologies, Sartorius Stedim Biotech S.A., Shanghai Le Pure Biological Technology Co. Ltd., Terumo BCT Inc., VANTE Biopharm, and others.


Frequently Asked Questions

These players adopted different strategies so as to hold major market share in this market. Some of the major players in Sterile Tubing Welders industry includes.

  • TERUMO BCT
  • GE Healthcare
  • Sartorius Stedim Biotech SA
  • Genesis BPS
  • SynGen
  • Sentinel Process Systems
  • Flex Concepts
  • NewAge Industries
  • BIOMEN BIOSYSTEMS COMPANY LIMITED
  • VANTE
  • Saint-Gobain Performance Plastics

Based on the Sterile Tubing Welders market analysis, North America is predicted to held the highest share in the Sterile Tubing Welders market during the forecast period.

The statistical data of the top market players of Sterile Tubing Welders industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Sterile Tubing Welders industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.

The study offers a decisive view on the Sterile Tubing Welders by segmenting the market based on Type, Application, and region.

The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.

The sample for Sterile Tubing Welders market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.

  1. Preface
    1. Report Description and Scope
    2. Research Scope
    3. Research Methodology
      1. Market Research Process
      2. Market Research Methodology
  2. Executive Summary
    1. Sterile Tubing Welders Market, 2018-2030 (USD Million)
    2. Sterile Tubing Welders Market: Snapshot
  3. Sterile Tubing Welders - Industry Analysis
    1. Sterile Tubing Welders: Market Dynamics
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Restraints
      1. Restraint 1
      2. Restraint 2
    4. Opportunity
      1. Government funding and support
    5. Porter’s Five Forces Analysis
    6. Market Attractiveness Analysis
      1. Market attractiveness analysis By Product
      2. Market attractiveness analysis By Application
      3. Market attractiveness analysis by Region
  4. Sterile Tubing Welders Market - Competitive Landscape
    1. Company market share analysis
      1. Global Sterile Tubing Welders Market: company market share, 2019
    2. Strategic development
      1. Acquisitions & mergers
      2. New Product launches
      3. Agreements, partnerships, collaborations and joint ventures
      4. Research and development and Regional expansion
    3. Price trend analysis
  5. Global Sterile Tubing Welders Market -Type Analysis
    1. Global Sterile Tubing Welders Market overview: By Type
      1. Global Sterile Tubing Welders Market share, By Type,2019 and 2026
    2. Automatic Sterile Tubing Welders
      1. Global Sterile Tubing Welders Market by Automatic Sterile Tubing Welders, 2018-2030 (USD Million)
    3. Manual Sterile Tubing Welders
      1. Global Sterile Tubing Welders Market by Manual Sterile Tubing Welders, 2018-2030 (USD Million)
  6. Global Sterile Tubing Welders Market -Application Analysis
    1. Global Sterile Tubing Welders Market overview: By Application
      1. Global Sterile Tubing Welders Market share, By Application,2019 and 2026
    2. Hospitals
      1. Global Sterile Tubing Welders Market by Hospitals, 2018-2030 (USD Million)
    3. Research Clinics
      1. Global Sterile Tubing Welders Market by Research Clinics, 2018-2030 (USD Million)
    4. Laboratories
      1. Global Sterile Tubing Welders Market by Laboratories, 2018-2030 (USD Million)
    5. Industries
      1. Global Sterile Tubing Welders Market by Industries, 2018-2030 (USD Million)
    6. Other
      1. Global Sterile Tubing Welders Market by Other, 2018-2030 (USD Million)
  7. Global Sterile Tubing Welders Market - Regional Analysis
    1. Global Sterile Tubing Welders Market overview: by Region
      1. Global Sterile Tubing Welders Market share, by Region, 2019 and 2026
    2. North America
      1. North America Sterile Tubing Welders Market, 2018-2030 (USD Million)
      1. North America Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      1. North America Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      1. U.S. Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      2. U.S. Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      3. Canada Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      4. Canada Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      5. Mexico Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      6. Mexico Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
    3. Europe
      1. Europe Sterile Tubing Welders Market, 2018-2030 (USD Million)
      1. Europe Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      1. Europe Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      1. UK Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      2. UK Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      3. Germany Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      4. Germany Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      5. France Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      6. France Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      7. Italy Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      8. Italy Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      9. Spain Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      10. Spain Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      11. Netherlands Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      12. Netherlands Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      13. Rest of Europe Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      14. Rest of Europe Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
    4. Asia Pacific
      1. Asia Pacific Sterile Tubing Welders Market, 2018-2030 (USD Million)
      1. Asia Pacific Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      1. Asia Pacific Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      1. China Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      2. China Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      3. Japan Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      4. Japan Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      5. India Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      6. India Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      7. Australia Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      8. Australia Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      9. South East Asia Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      10. South East Asia Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      11. South Korea Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      12. South Korea Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      13. Rest of Asia Pacific Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      14. Rest of Asia Pacific Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
    5. Latin America
      1. Latin America Sterile Tubing Welders Market, 2018-2030 (USD Million)
      1. Latin America Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      1. Latin America Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      1. Brazil Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      2. Brazil Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      3. Argentina Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      4. Argentina Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      5. Chile Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      6. Chile Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      7. Rest of Latin America Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      8. Rest of Latin America Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
    6. Middle East & Africa
      1. Middle East & Africa Sterile Tubing Welders Market, 2018-2030 (USD Million)
      1. Middle East & Africa Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      1. Middle East & Africa Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      1. GCC Countries Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      2. GCC Countries Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      3. Nigeria Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      4. Nigeria Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      5. South Africa Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      6. South Africa Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
      7. Rest of Middle East & Africa Sterile Tubing Welders Market revenue, By Type, 2018-2030 (USD Million)
      8. Rest of Middle East & Africa Sterile Tubing Welders Market revenue, By Application, 2018-2030 (USD Million)
  8. Company Profiles
    1. TERUMO BCT
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    2. GE Healthcare
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    3. Sartorius Stedim Biotech SA
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    4. Genesis BPS
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    5. SynGen
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    6. Sentinel Process Systems
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    7. Flex Concepts
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    8. NewAge Industries
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    9. BIOMEN BIOSYSTEMS COMPANY LIMITED
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    10. VANTE
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    11. Saint-Gobain Performance Plastics
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments

 

List of Figures

  1. Market research process
  2. Market research methodology
  3. Global Sterile Tubing Welders Market, 2018-2030 (USD Million)
  4. Porter’s Five Forces Analysis
  5. Global Sterile Tubing Welders Market attractiveness, By Type
  6. Global Sterile Tubing Welders Market attractiveness, By Application
  7. Global Sterile Tubing Welders market share, By Type, 2019 and 2026
  8. Global Sterile Tubing Welders Market by Automatic Sterile Tubing Welders, 2018-2030 (USD Million)
  9. Global Sterile Tubing Welders Market by Manual Sterile Tubing Welders, 2018-2030 (USD Million)
  10. Global Sterile Tubing Welders market share, By Application, 2019 and 2026
  11. Global Sterile Tubing Welders Market by Hospitals, 2018-2030 (USD Million)
  12. Global Sterile Tubing Welders Market by Research Clinics, 2018-2030 (USD Million)
  13. Global Sterile Tubing Welders Market by Laboratories, 2018-2030 (USD Million)
  14. Global Sterile Tubing Welders Market by Industries, 2018-2030 (USD Million)
  15. Global Sterile Tubing Welders Market by Other, 2018-2030 (USD Million)
  16. Global Sterile Tubing Welders Market share, by Region, 2019 and 2026
  17. North America Sterile Tubing Welders Market, 2018-2030 (USD Million)
  18. Europe Sterile Tubing Welders Market, 2018-2030 (USD Million)
  19. Asia Pacific Sterile Tubing Welders Market, 2018-2030 (USD Million)
  20. Latin America Sterile Tubing Welders Market, 2018-2030 (USD Million)
  21. Middle East & Africa Sterile Tubing Welders Market, 2018-2030 (USD Million)

 

List of Tables

  1. Global Sterile Tubing Welders Market: snapshot
  2. Drivers of the Sterile Tubing Welders Market: impact analysis
  3. Restraints of the Sterile Tubing Welders Market: impact analysis
  4. North America Sterile Tubing Welders Market revenue, By Product Type,2018-2030 (USD Million)
  5. North America Sterile Tubing Welders Market revenue, By Application,2018-2030 (USD Million)
  6. Europe Sterile Tubing Welders Market revenue, By Product Type,2018-2030 (USD Million)
  7. Europe Sterile Tubing Welders Market revenue, By Application,2018-2030 (USD Million)
  8. Asia Pacific Sterile Tubing Welders Market revenue, By Product Type,2018-2030 (USD Million)
  9. Asia Pacific Sterile Tubing Welders Market revenue, By Application,2018-2030 (USD Million)
  10. Latin America Sterile Tubing Welders Market revenue, By Product Type,2018-2030 (USD Million)
  11. Latin America Sterile Tubing Welders Market revenue, By Application,2018-2030 (USD Million)
  12. Middle East & Africa Sterile Tubing Welders Market revenue, By Product Type,2018-2030 (USD Million)
  13. Middle East & Africa Sterile Tubing Welders Market revenue, By Application,2018-2030 (USD Million)
  • TERUMO BCT
  • GE Healthcare
  • Sartorius Stedim Biotech SA
  • Genesis BPS
  • SynGen
  • Sentinel Process Systems
  • Flex Concepts
  • NewAge Industries
  • BIOMEN BIOSYSTEMS COMPANY LIMITED
  • VANTE
  • Saint-Gobain Performance Plastics

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.

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