Single Use Consumables Global Market Report 2024 - By Size, Growth, Trends, Industry Share, Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Single Use Consumables Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.15 billion In 2028 At A CAGR Of 18.1% :
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.

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Single Use Consumables Market Major 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 Driver - 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.

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Prominent Trend - 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.

Single Use Consumables Market Players
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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the single use consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global single use consumables market report during the forecast period. The regions covered in the single use consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Single Use Consumables Market Report Structure
3. Single Use Consumables Market Trends And Strategies
4. Single Use Consumables Market - Macro Economic Scenario
5. Single Use Consumables Market Size And Growth
…..
27. Single Use Consumables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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