Press release
Single Use Assemblies Market worth $5.2 billion by 2028 | Thermo Fisher Scientific Inc. (US), Sartorius AG (Germany), Danaher (US), Merck KGaA (Germany)
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 by 2028, growing at a CAGR of 15.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. The global single-use assemblies market is growing owing to factors such as rising adoption of single-use assemblies among startups and SMEs, development and launch of technologically advanced single-use products that offer streamlined workflows, portability, and rapid implementation, and increasing demand for single-use assemblies for R&D and biologics manufacturing. The market growth could be hampered by regulatory concerns and significant concerns regarding extractables and leachables arising from the components of single-use assemblies in bioproduction.Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46226549&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
The bag assemblies segment accounted for the largest share by product in the single-use assemblies market in 2022.
By product, the single-use assemblies market has been further categorized as bag assemblies, filtration assemblies, bottle assemblies, mixing system assemblies, and other products. The bag assemblies segment held the largest share of the global single-use assemblies market in 2022. The increasing use of bioprocessing applications is driving the growth of the single-use bag assemblies segment. These bags enable critical liquid handling in biomanufacturing processes and eliminate the time & cost of additional cleaning-in-place and sterilization-in-place (CIP/SIP) system setup, maintenance, and validation.
The standard solutions segment accounted for the largest share of the solution segment in the single-use assemblies market in 2022.
Based on solutions, the global single-use assemblies market has been segmented into standard solutions and customized solutions. The standard solutions segment held the largest market share in 2022. The pharmaceutical and biopharmaceutical industries have adopted standard solutions extensively, driven by the benefits they offer. These advantages encompass enhanced manufacturing process efficiency, lowered capital costs, increased flexibility through the utilization of pre-qualified assembly components, reduced implementation time, and greater adaptability in production planning.
The filtration & purification segment accounted for the largest share of the application segment in the single-use assemblies s market in 2022.
The single-use assemblies market is segmented into filtration & purification, aseptic transfer, cell culture & mixing, formulation & fill-finish, storage, and sampling based on application. Filtration & purification is the largest application segment of the single-use assemblies market. Factors such as cost efficiency, flexibility and scalability, reduced risk of cross-contamination, and technological advancements in single use assemblies used for filtration & purification are expected to drive the filtration & purification segment during the forecast period.
The North American region catered for the largest share of the single-use assemblies market in 2022.
The single-use assemblies market is segmented into North America, Europe, the Asia Pacific (APAC), Latin America (LATAM), and the Middle East and Africa (MEA). North America regional market held a substantial share of the single-use assemblies market owing to the strong presence of the pharmaceutical industry, increased research and development (R&D) spending, the expansion of biosimilars markets, the rising number of drug development projects, and stringent regulations for the pharmaceutical industry.
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Single Use Assemblies Market Dynamics:
Drivers:
Increasing adoption of single-use assemblies among startups and SMEs
Rapid implementation and low risk of cross-contamination
Growing biologics and biosimilars market
Cost savings with single-use assemblies
Technological advancements
Restraints:
Regulatory concerns
Issues related to leachables and extractables
Leakage and integrity issues
Opportunities:
Emerging markets
Rising focus on increasing bioprocessing capacities among biopharmaceutical companies
Challenge:
Standardization of single-use assemblies
Disposal of waste
Demand and supply gap
Key Market Players of Antibody Drug Conjugates Industry:
Key players in the single-use assemblies market include Thermo Fisher Scientific Inc. (US), Sartorius AG (Germany), Danaher (US), Merck KGaA (Germany), 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), and Fluid Flow Products, Inc. (US).
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Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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.
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