DUBLIN--(BUSINESS WIRE)--The "Single Use Assemblies Market by Product (Bag Assembly, Filtration Assembly, Bottle Assembly, Mixing Assembly), Application (Filtration, Storage), Solution (Standard, Customized), End User (Pharmaceutical Companies, CMOs and CROs) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The single-use assemblies market is expected to grow from USD 805 million in 2019 to USD 1,825 million by 2024, at a CAGR of 16.5% during the forecast period.
The single-use assemblies market is driven primarily by the increase in demand for biopharmaceuticals and rising expenditure for R&D in life science. However, the issues related to extractables and leachables are limiting market growth.
Bag assemblies segment is expected to grow at the highest CAGR during the forecast period.
Based on product, the market is broadly segmented into bag assemblies, filtration assemblies, bottle assemblies, mixing system assemblies, and other products. The bag assembly segment is projected to grow at the highest CAGR during the forecast period as it enables critical liquid handling in biomanufacturing and eliminates the time & cost of additional cleaning and sterilization, system set-up, maintenance, and validation.
Filtration segment to grow at the highest CAGR during the forecast period.
The single-use assemblies market, by the applications, has been categorized into cell culture and mixing, filtration, storage, sampling, fill-finish application and other applications (aseptic transfer and fluid management). The filtration segment is projected to register the highest growth rate during the forecast period. However, the filtration segment is expected to be the fastest-growing segment owing to economic, safety and time-to-market advantages.
Asia Pacific region to account for the largest share of the global single-use assemblies market in 2019.
Asia Pacific is estimated to account for the largest share of the global single-use assemblies market in 2019. Factors such as the increasing demand for generic drugs and biosimilars, significant investments by biopharmaceutical companies and CMOs in emerging Asia Pacific countries, and the growing focus on healthcare modernization, and demand for low-cost medicines are supporting the growth of the Asia Pacific single-use assemblies market.
The single-use assemblies market comprises major players such as Sartorius Stedim Biotech (France), Thermo Fisher Scientific (US), Danaher (US), Merck Millipore (Germany)), and GE Healthcare (US).
- Rapid Implementation and Low Risk of CROs s-Contamination
- Increasing Biopharmaceutical R&D
- Issues Related to Extractables & Leachables
- Emerging Countries
- Patent Expiry
- Waste Disposal
- Sartorius Stedim Biotech
- Thermo Fisher Scientific
- Danaher Corporation
- Merck Millipore
- GE Healthcare
- Avantor, Inc.
- Parker Hannifin Corporation
- Repligen Corporation
- Corning Incorporated
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