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Pharmaceutical Fittings Market Trends

Report ID: GMI10951
Published Date: Aug 2024
Report Format: PDF

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Pharmaceutical Fittings Market Trends

As pharmaceutical manufacturing increasingly embraces automation, there's a rising demand for fittings and valves that not only integrate seamlessly with these advanced technologies but also ensure precise control and heightened efficiency. Such reliable fittings are pivotal in streamlining global pharmaceutical supply chains, curbing downtime, and guaranteeing prompt product delivery. Furthermore, as the industry pivots towards eco-friendly manufacturing, there's a surge in demand for fittings and valves crafted from recyclable materials or engineered to minimize waste.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of pharmaceutical fittings products was reached USD 3.7 billion in 2023 and is expected to register 5.7% CAGR from 2024 to 2032, owing to substantial investments in new production facilities worldwide.

Pharmaceutical fittings industry from the valves segment is expected to register 6.2% CAGR from 2024 to 2032, due to increasing healthcare demands and the development of innovative drugs and therapies.

North America pharmaceutical fittings industry is expected to register 6% CAGR from 2024 to 2032, due to experiencing a demographic shift with an aging population that increasingly relies on pharmaceuticals for chronic and age-related conditions in the region.

HABONIM, Nordson Corporation, Sanitary Fittings, LLC., SSP Fittings Corp., Steel & O’Brien Manufacturing, Swagelok Company, TBL Performance Plastics - A SaniSure Company, and Wellgrow Industries Corp., are some of the major pharmaceutical fittings products companies worldwide.