Sales of aseptic transfer systems are gaining traction with increasing demand from pharmaceutical companies, research laboratories, and other key end-use sectors. As the requirement for liquid transfer systems and solid transfer systems is becoming prominent across the world, aseptic transfer system manufacturers are expected to experience higher growth over the coming years, with the pharmaceutical sector being the main end user.
According to a new report by Fact.MR, North America, Europe, and Asia Pacific will remain major markets for aseptic transfer systems, while the overall industry value will surpass a valuation of US$ 1.5 billion by 2031, expanding at a healthy CAGR of 6.5% over the next ten years.
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Key Takeaways from Market Study
- High demand for liquid transfer systems likely to be witnessed.
- Increase in demand from pharmaceutical sector to boost overall sales.
- The United States to lead demand for aseptic transfer systems in North America.
- Germany to take center stage in Europe’s market for aseptic transfer systems.
- Asia Pacific to emerge as the fastest-growing market for aseptic transfer systems.
- China, Japan, the United Kingdom, India, France, and Canada to maintain positive industry outlook during the forecast period.
“As the pharmaceutical sector is becoming more advanced, demand for aseptic transfer systems is surging. Additionally, rising preference for single-use aseptic transfer systems is set to propel the growth of suppliers further over the coming years,”
says a Fact.MR analyst.
Pharmaceutical Sector to Lead Demand for Aseptic Transfer Systems
Aseptic transfer systems are highly sought-after in the pharmaceutical sector for the secure transfer of fluids, components, powders, and others. With increase in adoption of advanced technologies by the pharmaceutical sector, suppliers of aseptic transfer systems are subject to come across lucrative growth scope in the near future.
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According to a report published by SelectUSA, the United States pharmaceutical sector is one of the largest in the world, while U.S. firms conduct over half the world’s research & development (R&D) in pharmaceuticals, which is worth US$ 75 billion. As stated in a report published by the European Medicines Agency, Europe’s pharmaceutical industry is highly progressive and projected to grow significantly, owing to increasing investments by governments and various initiatives. These factors give a glimpse of the growing opportunities for aseptic transfer system suppliers around the world.
Aseptic transfer system market: Key Findings
- The global aseptic transfer system market is gaining popularity and attention and is expected to surpass a valuation of US$ 1.5 billion by the end of forecast period.
- US is expected to dominate the North American market on the backs of advance healthcare infrastructure and modernized pharmaceutical industry.
- Europe is predicted to offer lucrative growth opportunities for aseptic transfer system market owing to booming pharmaceutical manufacturing industry.
- China has become the epicenter for aseptic transfer system suppliers. Rising geriatric population and increased consumer spending on healthcare will further propel the market growth.
- Thriving pharmaceutical sector and increased research and development activities in India will escalate market sales.
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More Valuable Insights
In its latest report, Fact.MR offers an unbiased analysis of the aseptic transfer system market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (liquid transfer systems and solid transfer systems), usability (single use and multiple use), and end-use industry (pharmaceutical companies, research laboratories, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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Research Insight: https://www.factmr.com/report/aseptic-transfer-system-market
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