Press release
Global Single Use Consumables Market to Reach $8.56 Billion by 2029, Growing at 20% CAGR
What combination of drivers is leading to accelerated growth in the single use consumables market?The increasing incidence of chronic illnesses is projected to fuel the expansion of the single-use consumables market. Chronic ailments, which typically persist for three months or longer and may worsen over time, necessitate continuous medical care. Single-use consumables, predominantly used in the production of pharmaceuticals and medical equipment for chronic disease treatment, are expected to benefit from this trend. As an example, the Australian Institute of Health and Welfare reported in June 2024 that the mortality rate from chronic diseases in Australia had surged from 459 per 100,000 in 2021 to 490 per 100,000 in 2022. Consequently, the escalating occurrence of chronic diseases is anticipated to drive the growth of the single-use consumables market.
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What is the projected compound annual growth rate (CAGR) of the single use consumables market from 2025 to 2034, and what factors influence it?
The market size for single use consumables has experienced swift expansion in the past few years. It is forecasted to surge from $3.59 billion in 2024 to $4.19 billion in 2025, with a compound annual growth rate (CAGR) of 17.0%. Factors such as outsourcing of manufacturing work, advancements in the medical field, elevated healthcare standards, a growing trend of a disposable culture, and heightened environmental consciousness contributed to this growth in the historic period.
Forecasts suggest that the market for single use consumables will experience significant expansion in the coming years, with predictions indicating a size of $8.56 billion by 2029, growing at a compound annual growth rate (CAGR) of 19.5%. The surge expected in the forecast period is anticipated to be driven by the digitization of healthcare, global health crises, a rising trend in personalized medicine, the increase in home healthcare services, and sustainable initiatives. Key trends during this period are expected to involve attention to infection control, environmental considerations and sustainable solutions, the swift integration of technology, and the use of remote monitoring technologies.
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How are the latest trends influencing the growth of the single use consumables market?
Leading businesses in the single-use consumables sector are putting their efforts into creating novel products, including aseptic connectors. These are specifically crafted tools meant to establish a germ-free link between two fluid channels, thus ensuring no pollutants are transferred during the liquid movement in medical or pharmaceutical procedures. For example, in April 2023, the US-established manufacturer, Colder Products Company, introduced the AseptiQuik W Series. This series by CPC offers the market's most substantial genderless aseptic connectors, created for single-use applications and can handle high-flow up to 5,000 liters per minute. This unique solution boosts fluid transmission effectiveness in biopharmaceutical processing, meets advanced production demands, while guaranteeing sterility and reducing risks of cross-contamination.
What are the major segments of the single use consumables market and their role in driving growth?
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
Subsegments:
1) By Connectors: Luer Connectors, Bayonet Connectors, Quick Connectors
2) By Valves: Check Valves, Pressure Relief Valves, Control Valves
3) By Adaptors: Luer Adaptors, Hose Adaptors, Screw Adaptors
4) By Tubing: Silicone Tubing, PVC Tubing, Polyethylene Tubing
5) By Disconnectors: Single-Use Disconnectors, Multi-Use Disconnectors
6) By Sensors: Flow Sensors, Pressure Sensors, Temperature Sensors
7) By Disposable Capsule Filter: Filter Membrane Types, Filter Sizes, Filter Retention Ratings
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Which regions are key players in the growth of the single use consumables market?
North America was the largest region in the single use consumables market in 2024.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
Who are the key firms paving the way for growth in the single use consumables market?
Major companies operating in the single use consumables market include 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, PBS Biotech Inc., Entegris Inc., Kuhner AG Basel Switzerland, Rentschler Biopharma SE Freiburg Germany, 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.
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What Is Covered In The Single Use Consumables Global Market Report?
• Market Size Forecast: Examine the single use consumables market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the single use consumables market for a structured understanding.
• Key Players Overview: Analyze major players in the single use consumables market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the single use consumables market.
• Segment Contributions: Evaluate how different segments drive overall growth in the single use consumables market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the single use consumables market.
• Industry Challenges: Identify potential risks and obstacles affecting the single use consumables market.
• Competitive Landscape: Review strategic developments in the single use consumables market, including expansions, agreements, and new product launches.
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