Pharmaceutical Fluid Handling Market Size, Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2028

The Pharmaceutical Fluid Handling Market is expected to reach US$ 14,209.40 million by 2028 from US$ 10,302.78 million in 2021; it is estimated to register a CAGR of 4.7% from 2022 to 2028.

Increasing drug production and growing adoption of single-use systems in the pharmaceutical industry are among the key forces driving the market. However, high price of failed clinical trials is hindering the pharmaceutical fluid handling market growth.

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The List of Companies -
1. CIRCOR Internatioonal Inc
2. Parker Hannifin Corp
3. Danaher Corp
4. Spirax Sarco Engineering plc
5. Merck KGaA
6. Rochling SE & Co KG
7. RAUMEDIC AG
8. Tef Cap Industries Inc
9. Fraser Ross Ltd
10. Australian Fluid Handling Pty Ltd

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.

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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 ~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.

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 the end of 2022. Moreover, there has been an increase in R&D spending in recent years. 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 10 times compared to the past decade. Thus, the increasing number of clinical trials, drug production, and increasing investments in R&D are contributing to the growth of the pharmaceutical fluid handling market.

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