Single Use Consumables Market Size, Trends And Forecast Report 2024-2033

The single use consumables market size has grown rapidly in recent years. It will grow from $3.12 billion in 2023 to $3.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to increased outsourcing of manufacturing, medical advancements, healthcare standards, rise of disposable culture, environmental awareness.

The single use consumables market size is expected to see rapid growth in the next few years. It will grow to $7.15 billion in 2028 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to healthcare digitization, global health emergencies, personalized medicine trends, rise in home healthcare, sustainability initiatives. Major trends in the forecast period include focus on infection control, environmental concerns & sustainable solutions, rapid technological integration, remote monitoring technologies.

Market Overview -
Single-use consumables are products that are designed to be used only once and then discarded. They are utilized in a variety of sectors, including healthcare and biopharmaceuticals, to produce monoclonal antibodies, mRNA, and bioconjugates.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10612&type=smp

Surging Chronic Disease Rates Fuel Expansion Of Single-Use Consumables Market

Rising prevalence of chronic diseases is expected to drive the growth of the single use consumables market. Chronic disease refers to a health condition or disease that is persistent or long-lasting in its effects, usually lasting for three months or longer, and may get worse over time. They require ongoing medical attention. Single use consumables are used extensively in pharmaceuticals and medical equipment manufacturing that are used to treat chronic diseases. For instance, in January 2023, as published on National Center for Biotechnology Information (NCBI), a US-based international resource for the scientific research community, that by 2050, the count of individuals aged 50 years and above having one or more chronic illnesses will rise by 99.5%, reaching 142.66 million, up from 71.522 million in 2020. Furthermore, in July 2022, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency, in 2020-21, approximately 47% or 11.6 million individuals in Australia were estimated to be affected by at least one of the ten chosen chronic ailments. Therefore, the rising prevalence of chronic diseases is expected to propel the growth of single use consumables market.

Competitive Landscape -
Major companies operating in the single use consumables market report are Thermo Fisher Scientific Inc., Sartorius AG, Danaher Corporation, Merck KGaA Darmstadt Germany, Avantor LLC, Meissner Filtration Products Inc., Boehringer Ingelheim International GmbH, Lonza Group AG, Infors AG Bottmingen Switzerland, PBS Biotech Inc., Entegris Inc., Kuhner AG Basel Switzerland, Rentschler Biopharma SE Freiburg Germany, Compagnie de Saint-Gobain S.A., NewAge Industries Inc., Colder Products Company, Repligen Corporation, Corning Incorporated, Hamilton Company, Broadley James Corporation, Pall Corporation, Eppendorf AG, GE Healthcare, Asahi Kasei Corporation, 3M Company, CESCO Bioengineering Co. Ltd., Distek Inc., OmniBRx Technologies LLC, Associates of Cape Cod Inc., Hypertherm Inc.

Innovative Aseptic Connectors Propel Growth In Single-Use Consumables Market

Product innovation is a key trend gaining popularity in the single use consumables market. Major companies operating in the single use consumables market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in September 2021, Colder Products Company (CPC), a US-based plastics manufacturer launched the industry's first aseptic connectors named CPC AseptiQuik connectors. It offers a straightforward and effective means of joining tubing in compact assemblies. These high-performance connectors are designed for critical applications in the biopharmaceutical industry and are ideal for single-use and sanitary applications.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/single-use-consumables-global-market-report

Key Segments -

The single use consumables market covered in this report is segmented -

1) By Products: Connectors, Valves, Adaptors, Tubing, Disconnectors, Sensors, Disposable Capsule Filter
2) By Application: Sampling, Cell Culture And Mixing, Storage, Filtration, Other Applications
3) By End-User: Biopharmaceutical And Pharmaceutical Companies, Original Equipment Manufacturers (OEMs), Contract Research Organizations And Contract Manufacturing Organizations, Academic And Research Institutes

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.