PUBLISHER: The Insight Partners | PRODUCT CODE: 1226875
PUBLISHER: The Insight Partners | PRODUCT CODE: 1226875
The South America pharmaceutical fluid handling market is expected to grow from US$ 672.26 million in 2022 to US$ 853.98 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2022 to 2028.
Growing Adoption of Single-Use-Systems (SUS) in Pharmaceutical Industry Fuels South America Pharmaceutical Fluid Handling Market Growth
In pharmaceutical and biopharmaceutical product manufacturing, contamination prevention is a crucial part of the process. The proper handling and storage of fluids are essential to limit the possibility of contamination. Facility layout helps determine the method used by companies to handle fluid transfer and storage. The growing adoption of single-use systems (SUS) reduces product cross-contamination and eliminates the need for cleaning between batches, hence improving efficiency. The SUSs are made in a cleanroom; they are double bagged, and gamma, ethylene oxide, or x-ray methods are used to ensure a sterile system for every batch. During the development of several pharmaceutical products such as vaccines, monoclonal antibodies, and personalized medicines, SUS is used as it offers a faster, simpler, and less expensive manufacturing process. Due to the rising prevalence of chronic diseases, there is a growing demand for effective drugs and products. Hence, companies are increasingly opting for SUS because it enhances the efficiency of processes and reduces costs related to cleaning, sterilization, and maintenance. In addition, low risk of contamination and low water consumption are a few factors supporting the pharmaceutical fluid handling market growth. The market growth is also attributed to increased company activities and rapid adoption of various business strategies such as collaborations, partnerships, and product launches. Thus, the increased use of SUS in the production and transfer of sterile fluids is driving the growth of the South America pharmaceutical fluid handling market .
South America Pharmaceutical Fluid Handling Market Overview
The South America pharmaceutical fluid handling market is segmented into Brazil, Argentina, and the Rest of South America. The market growth in this region is due to the rise of new drug discoveries and key companies' product offerings. Brazil dominated the South America pharmaceutical fluid handling market. Several associations in Brazil such as the Brazilian Association of Generic Medicines Industries (ProGenlicos) and FarmaBrasil Group (GFB) state that the country can produce ~75% of the total demand for medicines. Brazil's 70% of pharmaceutical business is dependent on imports of pharmaceutical products. Therefore, the demand for pharmaceutical intermediates is expected to increase in the country. In addition, the companies associated with FarmaBrasil Group have commitments because of the Partnerships for Productive Development (PDPs) to produce medicines domestically, including bevacizumab, palivizumab, infliximab, betainterferone 1A, and insulin, among others. Thus, it is expected that such strategic initiatives toward domestic production would increase the demand for pharmaceutical intermediates, which is likely to support the South America pharmaceutical fluid handling market growth in the coming years.
South America Pharmaceutical Fluid Handling Market Revenue and Forecast to 2028 (US$ Million)
South America Pharmaceutical Fluid Handling Market Segmentation
The South America pharmaceutical fluid handling market is segmented into offering, tubing, application, usage, end user, and country. Based on offering, the South America pharmaceutical fluid handling market is segmented into equipment & solutions and services. The equipment segment registered a larger market share in 2022.
Based on tubing, the South 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 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 registered the largest market share in 2022.
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 registered the largest market share in 2022.
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 registered the largest market share in 2022.
Based on country, the South America pharmaceutical fluid handling market is segmented into Brazil, Argentina, and the Rest of South America. Brazil 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 South America pharmaceutical fluid handling market.