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
Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=46226549
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:
Biologics Safety Testing 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
