North America Pharmaceutical Fluid Handling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Offering, Tubing, Application, Usage, and End User

Description

List of Tables

The North America pharmaceutical fluid handling market is expected to grow from US$ 4,553.21 million in 2022 to US$ 6,075.94 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2022 to 2028.

Increasing Drug Production Fuels North America Pharmaceutical Fluid Handling Market Growth

Pharmaceutical fluid handling is an integral part of the pharmaceutical industry to ensure that fluids such as cough syrups, intravenous products, and complex active pharmaceutical ingredients are delivered in a safe and timely manner. To succeed and be reliable, businesses need to utilize the correct handling equipment and instruments. The manufacturing divisions in the biotechnology & pharmaceutical industry require fluid control systems since most processes involve the presence of a liquid such as feed media, buffer solutions, cell extracts, and product fractions. In recent years, research and development efforts have increased along with investments in developing innovative treatments. The US Food & Drug Administration (FDA) Center for Drug Evaluation and Research (CDER) approved 35 medicines for "biologic drugs" in 2019, and ~50 novel drugs were approved in 2021. Further, ~410 novel drugs have been approved in the past decade, registering approximately 40 approvals each year. The Medicine Development for Global Health (MDGH), in collaboration with the World Health Organization (WHO) Special Program for Research and Training and GlaxoSmithKline, initiated the development of new drugs for tropical diseases and Malaria Venture (MMV) in 2018. This initiation is promoting more clinical trials and drug discovery, which is increasing the number of drug approvals, thereby boosting the pharmaceutical fluid handling market. In addition, according to the National Library of Medicine (NLM), in 2021, the number of registered clinical studies with posted results accounted for 52,537, and it is likely to reach 56,100 by 2022. Moreover, there has been an increase in R&D spending in recent years. For instance, according to data published by Congressional Budget Office in April 2021, the spending on drug R&D increased by ~50% from 2015 to 2019. In 2019, the pharmaceutical industry spent US$ 83 billion on R&D, which increased by ten times compared to the past decade. The rise in the number of clinical trials, increase in drug production, and high investments in R&D are a few factors contributing to the growth of the North America pharmaceutical fluid handling market .

North America Pharmaceutical Fluid Handling Market Overview

The North America pharmaceutical fluid handling market is segmented into the US, Canada, and Mexico. The market growth in this region is due to the rising R&D investments, increasing number of product offerings by key companies, and the growing need for cold and cough remedies. The US dominated the North America pharmaceutical fluid handling market in 2022. There has been a surge in research and development activities and heavy investments in developing novel therapeutics that offer valuable medical benefits. The quantity of approved drugs is significantly high; however, the US FDA approves only 12% of drugs participating in clinical trials. This fuels R&D activities in the biopharmaceutical sector that are anticipated to increase in the coming years. The growth in research activities is also due to the rising demand for fluid handling systems, as these instruments are crucial in dispensing liquid samples in exact quantities.

North America Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)

North America Pharmaceutical Fluid Handling Market Segmentation

The North America pharmaceutical fluid handling market is segmented on the basis of offering, tubing, application, usage, end user, and country.

Based on offering, the North America pharmaceutical fluid handling market is bifurcated into equipment and solutions & services. The equipment segment registered a larger market share in 2022.

Based on tubing, the North America pharmaceutical fluid handling market is segmented into TPE, PVC, and silicon. The silicon segment registered the largest market share in 2022.

Based on application, the North America pharmaceutical fluid handling market is segmented into fluid handling and management, fluid preparation, integration and automation, aseptic processing, buffer management, and others. The fluid handling and management segment registered the largest market share in 2022.

Based on usage, the North America pharmaceutical fluid handling market is categorized into cough syrup, intravenous products, complex active pharmaceutical ingredients (APIs), and others. The cough syrup segment registered the largest market share in 2022.

Based on end user, the North America pharmaceutical fluid handling market is segmented into biotechnology companies, pharmaceutical & medical companies, and others. The biotechnology companies segment registered the largest market share in 2022.

Based on country, the North America pharmaceutical fluid handling market is segmented into US, Canada, and Mexico. The US registered the largest market share in 2022.

CIRCOR International Inc, Danaher Corp, Merck KGaA, Parker Hannifin Corp, RAUMEDIC AG, Rochling SE & Co KG, Spirax Sarco Engineering plc, and Tef Cap Industries Inc are the leading companies operating in the North America pharmaceutical fluid handling market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America pharmaceutical fluid handling market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America pharmaceutical fluid handling market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the pharmaceutical fluid handling market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00028043

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 North America Pharmaceutical Fluid Handling Market - by Offering
- 1.3.2 North America Pharmaceutical Fluid Handling Market - by Tubing
- 1.3.3 North America Pharmaceutical Fluid Handling Market - by Application
- 1.3.4 North America Pharmaceutical Fluid Handling Market - by Usage
- 1.3.5 North America Pharmaceutical Fluid Handling Market - by End User
- 1.3.6 North America Pharmaceutical Fluid Handling Market - by Country

2. North America Pharmaceutical Fluid Handling Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Pharmaceutical Fluid Handling Market - Market Landscape

4.1 Overview
4.2 North America PEST Analysis
4.3 Expert's Opinion

5. North America Pharmaceutical Fluid Handling Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Surge in Drug Production
- 5.1.2 Rise in Adoption of Single-Use Systems (SUS) in Pharmaceutical Industry
5.2 Market Restraints
- 5.2.1 High Price of Failed Clinical Trials
5.3 Market Opportunities
- 5.3.1 Increase in Vaccine Production
5.4 Future Trends
- 5.4.1 Automated Fluid Handling Systems with Machine Learning
5.5 Impact Analysis

6. Pharmaceutical Fluid Handling Market - North America Analysis

6.1 North America Pharmaceutical Fluid Handling Market Revenue Forecast and Analysis

7. North America Pharmaceutical Fluid Handling Market Analysis - By Offering

7.1 Overview
7.2 North America Pharmaceutical Fluid Handling Market Revenue Share, by Offering 2021 & 2028 (%)
7.3 Equipment
- 7.3.1 Overview
- 7.3.2 Equipment: Pharmaceutical Fluid Handling Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Solution & Services
- 7.4.1 Overview
- 7.4.2 Solution & Services: Pharmaceutical Fluid Handling Market- Revenue and Forecast to 2028 (US$ Million)

8. North America Pharmaceutical Fluid Handling Market Analysis - By Tubing

8.1 Overview
8.2 North America Pharmaceutical Fluid Handling Market Revenue Share, by Tubing 2021 & 2028 (%)
8.3 TPE
- 8.3.1 Overview
- 8.3.2 TPE: Pharmaceutical Fluid Handling Market- Revenue and Forecast to 2028 (US$ Million)
8.4 PVC
- 8.4.1 Overview
- 8.4.2 PVC: Pharmaceutical Fluid Handling Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Silicone
- 8.5.1 Overview
- 8.5.2 Silicone: Pharmaceutical Fluid Handling Market- Revenue and Forecast to 2028 (US$ Million)

9. North America Pharmaceutical Fluid Handling Market Analysis- By Application

9.1 Overview
9.2 North America Pharmaceutical Fluid Handling Market Revenue Share, by Application 2021 & 2028 (%)
9.3 Fluid Handling and Management
- 9.3.1 Overview
- 9.3.2 Fluid Handling and Management: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
  - 9.3.2.1 Single-use Systems and Multi-use Systems
    - 9.3.2.1.1 Overview
    - 9.3.2.1.2 Single-use Systems and Multi-use Systems: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
  - 9.3.2.2 Bioprocessing Workstations
    - 9.3.2.2.1 Overview
    - 9.3.2.2.2 Bioprocessing Workstations: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
  - 9.3.2.3 Standard Storage Systems and Biocontainers
    - 9.3.2.3.1 Overview
    - 9.3.2.3.2 Standard Storage Systems and Biocontainers: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
  - 9.3.2.4 Totes
    - 9.3.2.4.1 Overview
    - 9.3.2.4.2 Totes: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
  - 9.3.2.5 Others
    - 9.3.2.5.1 Overview
    - 9.3.2.5.2 Others: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
9.4 Fluid Preparation
- 9.4.1 Overview
- 9.4.2 Fluid Preparation: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
9.5 Integration and Automation
- 9.5.1 Overview
- 9.5.2 Integration and Automation: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
9.6 Aseptic Processing
- 9.6.1 Overview
- 9.6.2 Aseptic Processing: Pharmaceutical Fluid Handling Market Revenue and Forecasts to 2028 (US$ Million)
9.7 Buffer Management
- 9.7.1 Overview
- 9.7.2 Buffer Management: Pharmaceutical Fluid Handling Market- Revenue and Forecast to 2028 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Pharmaceutical Fluid Handling Market- Revenue and Forecast to 2028 (US$ Million)

10. North America Pharmaceutical Fluid Handling Market Analysis -By Usage

10.1 Overview
10.2 North America Pharmaceutical Fluid Handling Market Revenue Share, by Usage 2021 & 2028 (%)
10.3 Cough Syrup
- 10.3.1 Overview
- 10.3.2 Cough Syrup: Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)
10.4 Intravenous products
- 10.4.1 Overview
- 10.4.2 Intravenous products: Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)
10.5 Complex Active Pharmaceutical Ingredients (APIs)
- 10.5.1 Overview
- 10.5.2 Complex Active Pharmaceutical Ingredients (APIs): Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)
- 10.5.3 Vaccine
  - 10.5.3.1 Overview
  - 10.5.3.2 Vaccine: Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)
- 10.5.4 Medications for cancer treatments
  - 10.5.4.1 Overview
  - 10.5.4.2 Medications for cancer treatments: Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)
- 10.5.5 Others
  - 10.5.5.1 Overview
  - 10.5.5.2 Others: Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)
10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)

11. North America Pharmaceutical Fluid Handling Market Analysis - By End User

11.1 Overview
11.2 North America Pharmaceutical Fluid Handling Market Revenue Share, by End User 2021 & 2028 (%)
11.3 Biotechnology Companies
- 11.3.1 Overview
- 11.3.2 Biotechnology Companies: Pharmaceutical Fluid Handling Market - Revenue and Forecast to 2028 (US$ Million)
11.4 Pharmaceuticals and Medical Companies
- 11.4.1 Overview
- 11.4.2 Pharmaceuticals and Medical Companies: Pharmaceutical Fluid Handling Market - Revenue and Forecast to 2028 (US$ Million)
11.5 Others
- 11.5.1 Overview
- 11.5.2 Others: Pharmaceutical Fluid Handling Market - Revenue and Forecast to 2028 (US$ Million)

12. North America Pharmaceutical Fluid Handling Market - Revenue and Forecast to 2028 - Country Analysis

12.1 Overview

13. North America Pharmaceutical Fluid Handling Market - Industry Landscape

13.1 Overview
13.2 Inorganic Growth Strategies
- 13.2.1 Overview
13.3 Organic Growth Strategies
- 13.3.1 Overview

14. Company Profiles

14.1 CIRCOR International Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Parker Hannifin Corp
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Danaher Corp
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Spirax Sarco Engineering plc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Merck KGaA
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Rochling SE & Co KG
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 RAUMEDIC AG
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Tef Cap Industries Inc
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments

15. Appendix

15.1 About The Insight Partners
15.2 Glossary of Terms