The Single-Use Assemblies Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Single-Use Assemblies Global Market Report 2024, The single-use assemblies market size has grown exponentially in recent years. It will grow from $5.1 billion in 2023 to $6.27 billion in 2024 at a compound annual growth rate (CAGR) of 22.9%. The growth in the historic period can be attributed to biopharmaceutical manufacturing, flexibility and cost efficiency, reduction of cross-contamination risks, regulatory compliance in biomanufacturing, demand for modular and plug-and-play systems..
The single-use assemblies market size is expected to see exponential growth in the next few years. It will grow to $14.16 billion in 2028 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to expansion of personalized medicine, gene and cell therapy production, continuous biomanufacturing adoption, modular and flexible biomanufacturing facilities, emerging markets and global biomanufacturing hubs, single-use manufacturing for vaccine production.. Major trends in the forecast period include advanced sensor integration in single-use assemblies, iot and data analytics for bioprocess monitoring, automated and robotic single-use systems, disposable chromatography columns and membranes, single-use tangential flow filtration (tff) systems, scalable and standardized single-use processes..
An increase in demand for biopharmaceuticals and a rise in life science R&D are expected to propel the growth of single-use assemblies. Biopharmaceuticals are sophisticated medicines produced from living cells or organisms and are frequently created using cutting-edge biotechnological techniques. Single-use systems are utilized in biopharmaceutical manufacturing. Increased lie science R&D spending is also a contributor to the development of new drugs. For instance, in June 2022, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $351 billion (€300,000 million) in 2021, with an increase of approximately 5% from $335.2 billion (€286,697 million) in 2020. Thus, R&D investment in the Spanish pharmaceutical business hit 1,267 million euros in 2021, a 9.2% increase over the previous year, 2020, when the second-highest investment total of 1,160 million was obtained. Therefore, an increase in demand for biopharmaceuticals and a rise in life science R&D are driving the growth of single-use assemblies.
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The single-use assemblies market covered in this report is segmented –
1) By Product Type: Filtration Assemblies, Bag Assemblies, Bottle Assemblies, Mixing System Assemblies
2) By Solution: Standard Solutions, Customized Solutions
3) By Application: Cell Culture And Mixing, Filtration, Storage, Sampling, Fill-Finish application
4) By End User: Biopharmaceutical And Pharmaceutical Companies, Contract Research And Contract Manufacturing Organizations, Academic And Research Institutes
Technological advancement is a key trend gaining popularity in the single-use assembly market. Major companies operating in the market are introducing new technologies, such as the Thermo Scientific HyPeak chromatography system, which is a single-use chromatography system, to sustain their position in the market. For instance, in October 2021, Thermo Fisher Scientific, a US-based manufacturer of scientific instruments, launched the Thermo Scientific HyPeak chromatography system, which is a single-use chromatography system. That helps with flows ranging from one liter per hour to 80 liters per hour. That had unique features such as zero dead-leg and a ring flush valve manifold that helped improve product yield and operation.
The single-use assemblies market report table of contents includes:
- Executive Summary
- Single-Use Assemblies Market Characteristics
- Single-Use Assemblies Market Trends And Strategies
- Single-Use Assemblies Market – Macro Economic Scenario
- Global Single-Use Assemblies Market Size and Growth
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- Global Single-Use Assemblies Market Competitive Benchmarking
- Global Single-Use Assemblies Market Competitive Dashboard
- Key Mergers And Acquisitions In The Single-Use Assemblies Market
- Single-Use Assemblies Market Future Outlook and Potential Analysis
- Appendix
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