Report : South America Pharmaceutical Fluid Handling Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Offering (Equipment and Solution & Services), Tubing (TPE, PVC, and Silicone), Application (Fluid Handling and Management, Fluid Preparation, Integration & Automation, Aseptic Processing, Buffer Management, and Others), Usage [Cough Syrup, Intravenous Products, Complex Active Pharmaceutical Ingredients (APIs), and Others], and End User (Biotechnology Companies, Pharmaceutical & Medical Companies, and Others)
At 4.1% CAGR, the South America Pharmaceutical Fluid Handling Market is speculated to be worth US$ 853.98 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America pharmaceutical fluid handling market was valued at US$ 672.26 million in 2022 and is expected to reach US$ 853.98 million by 2028, registering an annual growth rate of 4.1% from 2022 to 2028. Increasing drug production and growing adoption of single-use-systems (SUS) in the pharmaceutical industry are the critical factors attributed to the South America pharmaceutical fluid handling market expansion.
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 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 increasing number of clinical trials, drug production, and increasing investments in R&D are contributing to the growth of the South America pharmaceutical fluid handling market.
On the contrary, high price of failed clinical trails hurdles the growth of South America pharmaceutical fluid handling market.
Based on offering, the South America pharmaceutical fluid handling market is segmented into equipment & solutions and services. The equipment segment held 85.3% market share in 2022, amassing US$ 573.62 million. It is projected to garner US$ 722.24 million by 2028 to expand at 3.9% CAGR during 2022–2028.
Based on tubing, the South America pharmaceutical fluid handling market is segmented into TPE, PVC, and silicon. The silicon segment held 55.1% market share in 2022, amassing US$ 370.20 million. It is projected to garner US$ 463.80 million by 2028 to expand at 3.8% CAGR during 2022–2028.
Based on application, the South 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 held 33.5% market share in 2022, amassing US$ 225.03 million. It is projected to garner US$ 280.87 million by 2028 to expand at 3.8% CAGR during 2022–2028.
Based on usage, the South America pharmaceutical fluid handling market is segmented into cough syrup, intravenous products, complex active pharmaceutical ingredients (APIs), and others. The cough syrup segment held 39.3% market share in 2022, amassing US$ 264.26 million. It is projected to garner US$ 328.99 million by 2028 to expand at 3.7% CAGR during 2022–2028.
Based on end user, the South America pharmaceutical fluid handling market is segmented into biotechnology companies, pharmaceutical and medical companies, and others. The biotechnology companies segment held 45.9% market share in 2022, amassing US$ 2,087.69 million. It is projected to garner US$ 2,870.53 million by 2028 to expand at 5.5% CAGR during 2022–2028.
Based on country, the South America pharmaceutical fluid handling market is segmented into the Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 65.9% market share in 2022. It was assessed at US$ 443.26 million in 2022 and is likely to hit US$ 571.06 million by 2028, exhibiting a CAGR of 4.3% during the forecast period.
Key players dominating the South America pharmaceutical fluid handling market are 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 among others.
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