Chicago, Jan. 10, 2023 (GLOBE NEWSWIRE) -- According to the new market research report "Single Use Consumables Market by Product (Tubing, Connectors, Disconnectors, Adapters, Valves, Capsule Filter, Sensors), Application (Filtration, Storage, Cell Culture, Sampling), End User (Biotech, Pharma, CROs & CMOs, OEMs) - Global Forecast to 2027", The global single use consumables market is projected to reach USD 4.7 Billion by 2027 from USD 2.2 Billion in 2022, at a CAGR of 16.6% during the forecast period.
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261 - Tables
32 - Figures
270 - Pages
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Scope of the Report:
| Report Coverage | Details |
| Market Size | USD 4.7 Billion by 2027 |
| CAGR | 16.6% |
| Historical Data | 2020-2027 |
| Base Year | 2021 |
| Forecast Period | 2022-2027 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Application & End User |
| Geographies Covered | North America (US, Canada), Europe (Germany, France, UK, Spain, Italy, and RoE), APAC (China, India, Japan, and the RoAPAC), and Rest of the World. |
| Key Companies Profiled/Vendors | Danaher Corporation (US), Merck KGaA (Germany), Thermo Fisher Scientific (US), Sartorius Stedim Biotech (France), Repligen Corporation (US), Saint-Gobain (France), Avantor Inc. (US), Sentinel Process Systems, Inc. (US), Venair Group (Spain), ESI Technologies Group (Ireland), Corning Incorporated (US), Meissner Filtration Products (US), NewAge Industries (US), Colder Products Company (US), Mettler Toledo (US), Hamilton Company (US), PreSens Precision Sensing GMBH (Germany), Broadley James Corporation (US), Gemu Group (Germany), Sterlitech Corporation (US). |
| Key Market Opportunities | Emerging Countries |
| Key Market Drivers | Lower operational cost and increased productivity |
Rising demand for biopharmaceuticals is subsequently increasing use of single use bioprocessing in pharmaceutical industry. This is one the major factor upsurging the growth of the market at faster pace.
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Based on product, the single-use consumables market is segmented into tubing, connectors, disconnectors, adapters, valves, disposable capsule filters, and single-use sensors. Tubing segment held a dominant share of the market in 2021. The segment is likely to grow at significant rate owing to increase in demand and launch of novel products in the market.
Based on the application, the single-use consumables market is further segmented into filtration, cell culture & mixing, storage, sampling, other applications. Among the segment, filtration segment held dominant in 2021 and is expected to dominate throughout the forecast period. The dominance is attributable to increased investment in biologics research and ease of use single use components in the process.
Based on end user, the single use consumables market is segmented into pharmaceutical & biotechnology companies, OEMs, CROs & CMOs and others. Among this pharma & biotech companies segment held dominant share. Surge in demand for biopharmaceuticals has increased adoption of single use bioprocessing in the pharma industry. Low cost of single use consumables coupled with reduction in manufacturing cost has increased the demand for single use among end users.
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Geographical Growth Scenario:
The global single-use consumables market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2021, North America reported for the largest share of the single-use consumables market followed by Europe and Asia Pacific respectively. The large share of the North American market can be attributed to its well-established biopharmaceutical industry, the wide availability of single-use consumables offered by market leaders in the region, and the increased production of biologics and biosimilars in the region. The large share of the North American market can be attributed to its well-established biopharmaceutical industry, the wide availability of single-use consumables offered by market leaders in the region, and the increased production of biologics and biosimilars in the region.
Key Players:
The key players in the single-use consumables market are Thermo Fisher Scientific, Inc. (US), Sartorius Stedim Biotech (France), Danaher Corporation (US), Merck KGaA (Germany), Avantor, Inc. (US), and Saint-Gobain (France). The key growth strategies adopted by these players include product launches, acquisitions, partnerships, agreements, collaborations, and expansions.
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