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Single Use Assemblies Market worth $5.2 billion | MarketsandMarkets.

MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Chicago, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Single Use Assemblies Market in terms of revenue was estimated to be worth $2.5 billion in 2023 and is poised to reach $5.2 billion in 2028, growing at a CAGR of 15.6% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The growth of this market is majorly driven by rising focus on increasing bioprocessing capacities among biopharmaceutical companies, benefits of single-use assemblies such as cost savings with single-use assemblies, addressing global need for better, cheaper, and faster biologics production, and faster implementation of single-use assembly components in the bioprocess cycle and a lower risk of cross-contamination.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46226549

Single Use Assemblies Market Scope:

Report Coverage

Details

Market Revenue in 2023

$2.5 billion

Estimated Value by 2028

$5.2 billion

Growth Rate

Poised to grow at a CAGR of 15.6%

Market Size Available for

2021–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Product, Solution, Application & End User

Geographies Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunity

Emerging Market

Key Market Driver

Technological advancements in single-use assemblies is projecting the market growth

The integration of sensors and smart connectors is driving the single-use assemblies market by revolutionizing the way disposable or single-use systems are used in various industries, particularly in biopharmaceutical and biotechnology manufacturing. This integration enhances the efficiency, reliability, and safety of these assemblies in several ways including data logging, automation and control, cost efficiency, and real-time monitoring of critical process parameters, such as temperature, pressure, pH levels, and flow rates.

Based on product, the global single-use assemblies market has been segmented into bag assemblies, filtration assemblies, bottle assemblies, mixing system assemblies, and other products. The filtration assemblies segment is projected to grow at a higher CAGR during the forecast period of 2023 to 2028. The growth of this segment can be attributed to factors such as reduced contamination and reduced production cost. Single-use filtration assemblies provide a sterile and efficient filtration process while eliminating the need for cleaning, sterilization, and validation of reusable equipment.

Based on solution, the global single-use assemblies market has been segmented into standard solutions and customized solutions. In 2022, the  standard solutions segment accounted for the largest share of the global single-use assemblies market. The pharmaceutical and biopharmaceutical sectors exhibited a significant inclination toward adopting standard solutions. This preference can be associated with benefits of standard solutions, including heightened manufacturing process efficiency, lowered capital expenditures, enhanced flexibility via the utilization of pre-qualified components for assembly construction, reduced implementation time, and greater versatility in production scheduling.

Based on application, the single-use assemblies market is segmented into filtration & purification, aseptic transfer, cell culture & mixing, formulation & fill-finish, storage, and sampling. The filtration & purification segment accounted for the largest share of the global single-use assemblies market in 2022. Also, the segment is expected to grow at a higher CAGR during the forecast period. The large share of this segment can be attributed to factors such as production flexibility with the use of single use filtration assemblies. Further the single use filtration assemblies eliminate the need to have multiple setups for production of different products and increase the number of biopharmaceuticals receiving regulatory approvals.

The key regional markets for global single-use assemblies market are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2022, North America accounted for the largest share of the market. This can be attributed to the as the presence of key biopharmaceutical manufacturing facilities in the region, the rising number of drug development projects, the presence of a well-established healthcare market, significant spending on R&D activities, and stringent regulations for the pharmaceutical industry. Companies can capitalize on this by offering innovative single-use assembly solutions that align with the needs of established manufacturing facilities and research institutions.  Asia Pacific market is estimated to grow at the highest CAGR during the forecast period owing to the growing biopharmaceutical industry, increasing life science research, rising investments by pharmaceutical & biotechnology companies, and the growing number of CROs and CMOs in several Asia Pacific countries. Establishing a strong local presence or forming partnerships with regional distributors and manufacturers can help global players in the single-use assemblies market to gain a foothold in the diverse and rapidly growing Asia Pacific market.

Buy a Single Use Assemblies Industry Report (272 Pages PDF with Insightful Charts, Tables, and Figures):
https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=46226549

Single Use Assemblies market major players covered in the report, such as:

  • Thermo Fisher Scientific Inc. (US),

  • Sartorius AG (Germany),

  • Danaher (US),

  • Merck KGaA (Germany),

  • Avantor, Inc. (US),

  • Parker Hannifin Corp. (US),

  • Saint-Gobain (France),

  • Repligen Corporation (US),

  • Corning Incorporated (US),

  • Entegris (US),

  • Meissner Filtration Products, Inc. (US),

  • NewAge Industries (US),

  • Antylia Scientific (US),

  • Lonza (Switzerland),

  • Romynox (Netherlands),

  • SaniSure (US),

  • Keofitt A/S (Denmark),

  • Intellitech, Inc. (US),

  • Dover Corporation (US),

  • Foxx Life Sciences (US),

  • TSE Industries, Inc. (US),

  • Fujimori Kogyo Co., Ltd. (Japan),

  • Michelin (France),

  • Cellexus (Scotland),

  • Fluid Flow Products, Inc. (US),

  • and Among Others

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This report categorizes the single-use assemblies market into the following segments:

Single-Use Assemblies Market, by Product

  • Bag Assemblies

  • Filtration Assemblies

  • Bottle Assemblies

  • Mixing System Assemblies

  • Other Products

Single-Use Assemblies Market, by Solution

  • Standard Solutions

  • Customized Solutions

Single-Use Assemblies Market, by Application

  • Filtration & Purification

  • Cell culture & Mixing

  • Storage

  • Sampling

  • Formulation & Fill-Finish

  • Other Applications

Single-Use Assemblies Market, by End User

  • Pharmaceutical & Biopharmaceutical Companies

  • Contract Research Organizations & Contract Manufacturing Organizations

  • Academic & Research Institutes

Single-Use Assemblies Market, by Region

  • North America

  • US

  • Canada

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Rest of Europe (RoE)

  • Asia Pacific (APAC)

  • Japan

  • China

  • India

  • South Korea

  • Rest of Asia Pacific (RoAPAC)

  • Latin America

  • Brazil

  • RoLATAM

  • Middle East & Africa

  • Middle East

  • Africa

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=46226549

Recent Developments

  • In February 2022, Sartorius Stedim Biotech (France) acquired the chromatography division of Novasep (France). The portfolio acquired comprises chromatography systems primarily suited for smaller biomolecules.

  • In August 2022, Thermo Fisher Scientific opened a new single-use technology site in Tennessee, which has 400,000 square feet of floor space. It became the company’s largest SUT site in its growing network.

Key Stakeholders:

  • Life Science Instrumentation and Reagent Companies

  • Pharmaceutical and Biotechnology Companies

  • Research and Consulting Firms

  • Research Institutes

  • Biopharmaceutical Manufacturers

  • Contract Research Organizations (CROs)

  • Contract Manufacturing Organizations (CMOs)

  • Contract Development and Manufacturing Organizations

  • Healthcare Service Providers (Including Hospitals and Diagnostic Centers)

Report Objectives:

  • To define, describe, and forecast the global single-use assemblies market based on the solution, product, application, end user and region

  • To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities and challenges)

  • To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contributions to the overall single-use assemblies market

  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

  • To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

  • To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

  • To track and analyze competitive developments such as acquisitions, product launches, expansions, and R&D activities in the single-use assemblies market.

Related Reports:

Single Use Bioreactors Market

Sterile Filtration Market

Biologics Safety Testing Market

Bioprocess Containers Market

Single Use Bioprocessing Market

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/single-use-assemblies-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/single-use-assemblies.asp

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com


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