April 24, 2024
Injection Port Market

The Growing Injection Port Market Is Trending Due To Rising Demand For Port Devices In Pharmaceutical Industry

The global injection port market is a rapidly growing industry that provides ports and connectors for use in pharmaceutical and biotechnology applications. Injection ports enable sterile, fluid transfer into systems like bioreactors to facilitate fermentation and cell culture processes. They minimize the risk of contamination through their self-closing mechanisms. Key features include leak-proof seals, compatibility with tubing and process lines, and simplicity of operation. The rising need for biologic drugs and therapeutic proteins has augmented the demand for robust biomanufacturing equipment incorporating advanced injection port technology.

The Global injection port market is estimated to be valued at US$ 1.57 Bn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period from 2024 to 2030. The market growth can be attributed to rising monoclonal antibody production and increasing adoption of single-use bioprocessing systems. Injection ports allow convenient fluid transfer during cell cultivation without compromising process sterility. Their low hold-up volume also optimizes yield from small-scale bioreactors.

Key Takeaways

Key players operating in the injection port market are Jungbunzlauer, Gadot Biochemical Industries, Sucroal, Dr. Paul Lohmann, Global Calcium, TATE & LYLE, American Elements, Triveni Chemicals, A.B. Enterprises, Nikunj Chemicals, Advait Industries, Anmol Chemicals, Krishna Chemicals, AMS biotechnology, Henan Honghui Biotechnology.

The growing demand for biologic drugs is propelling the injection port market. Injection ports are indispensable accessories for upstream and downstream bioprocessing as they facilitate nutrient supply and product harvesting from single-use systems. Their low priming volume also aids in recovery of high-value bio formulations.

The market is witnessing rapid global expansion driven by capacity enhancements in major biologics manufacturing hubs across North America, Europe, and Asia Pacific. Regional governments are increasingly supporting development of local biotech clusters to strengthen indigenous drug production capabilities and reduce dependence on imports. This willcreate opportunities for injection port suppliers.

Market Key Trends

One key trend in the injection port market is the rising popularity of pre-assembled and ready-to-use ports integrated on single-use bioprocess containers. These simplify installation and eliminate errors related to connecting separate port components. They improve aseptic transfer capabilities and are well-suited for automated manufacturing platforms with restricted access. Pre-assembled ports save time during media preparation and cell culture stages of biotherapeutic development and production. Their adoption is growing with increasing outsourcing of bioproduction to contract manufacturers utilizing single-use systems.

Porter’s Analysis

Threat of new entrants: The injection port market is moderately difficult to enter due to the extensive research and development required to produce new injection port products that meet strict regulations. However, the market is growing which provides opportunities.
Bargaining power of buyers: Buyers have moderate bargaining power in the injection port market as there are many established manufacturers producing similar products. Buyers can negotiate on price if they make bulk purchases.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to the availability of substitute raw materials. However, suppliers of specialized chemicals may charge premium prices.
Threat of new substitutes: The threat of substitutes is low as injection ports have features that are difficult to replace, such as accuracy in fluid delivery and compatibility with different medical devices.
Competitive rivalry: Competition in the injection port market is high as manufacturers compete based on product quality, pricing and innovation. Major players focus on developing advanced injection ports for niche applications to gain market share.

Geographical Regions

North America holds the largest share of the injection port market in terms of value due to the high demand for self-injection devices and prefilled syringes for administering biologics. Europe accounts for a significant portion of the market led by countries like Germany, UK and France where rising incidence of chronic diseases is driving the demand. Asia Pacific region is expected to be the fastest growing market for injection ports during the forecast period owing to increasing healthcare expenditure, growing elderly population and rising awareness about self-administered drug delivery technologies in China and India.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it