The global single use consumables market is set to witness remarkable growth, reaching a projected value of USD 4.7 billion by 2027, up from USD 2.2 billion in 2022, according to the latest report titled “Single Use Consumables Market” by [Market Research Firm]. This surge represents a robust compound annual growth rate (CAGR) of 16.6%.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44374840
The report delves into various aspects of the single-use consumables market, analyzing key products, applications, end-users, and regional dynamics driving this growth trajectory. With 261 market data tables, 32 figures, and an in-depth table of contents, the report offers comprehensive insights into this burgeoning industry.
Rising Adoption of Single-Use Bioprocessing
One of the primary drivers of this market growth is the increased adoption of single-use bioprocessing techniques by pharmaceutical players in their production processes. The convenience, cost-effectiveness, and scalability offered by single-use consumables have propelled their uptake across various end-user segments. The market is witnessing a surge in user-friendly and budget-friendly products, further stimulating adoption rates and indicating promising growth prospects in the forthcoming years.
Tubing Segment Leads the Market
In 2021, the tubing segment emerged as a frontrunner in the single-use consumables market, holding a significant share. The report segments single-use consumables into various products, including tubing, connectors, disconnectors, adapters, valves, disposable capsule filters, and single-use sensors. Among these, tubing stands out as the largest and fastest-growing segment. It encompasses tubing assemblies and components, with variations in material (silicone, elastomer, and others) and type (assemblies and components). The connectors segment is also poised for rapid growth, driven by increased usage and the introduction of innovative products.
Filtration Applications Drive Market Dominance
Filtration applications dominated the global single-use consumables market in 2021, boasting the largest share. Single-use filtration consumables offer several advantages over traditional stainless steel consumables, including quicker equipment turnover for new products, reduced testing and cleaning time, and enhanced production flexibility. These advantages have propelled the adoption of filtration applications, contributing significantly to market growth.
Regional Insights: North America Leads, Asia Pacific Shows Promise
Geographically, North America emerged as the dominant region in the single-use consumables market in 2021, driven by the presence of key market players and increasing public-private initiatives for research activities. However, the Asia Pacific region is poised to exhibit the highest CAGR during the forecast period. Factors fueling this growth include the burgeoning pharmaceutical industry, rising adoption of single-use consumables in research, expansion of research infrastructure, and industrial initiatives aimed at advancing research capabilities in the region.
Key Players Driving Innovation
Prominent players in the single-use consumables market include Thermo Fisher Scientific, Inc. (US), Sartorius Stedim Biotech (France), Danaher Corporation (US), Merck KGaA (Germany), and Avantor, Inc. (US). These companies have adopted both organic and inorganic growth strategies, such as product launches and acquisitions, to maintain their leading positions in the market.
Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=44374840
Conclusion
The single use consumables market is on a trajectory of substantial growth, driven by factors such as increased adoption of single-use bioprocessing, product innovation, and expanding applications across diverse end-user segments. With North America leading the charge and the Asia Pacific region showing immense promise, the market presents lucrative opportunities for both established players and new entrants.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
According to research report the Single Use Consumables Market is poised for substantial growth, with a projected value of USD 4.7 billion by 2027, surging from USD 2.2 billion in 2022. This impressive expansion, with a CAGR of 16.6%, is attributed to various factors driving its growth. This article delves into the dynamics of the Single-Use Consumables Market, its key drivers, applications, and geographical trends.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44374840
Driver: The Rise of Single-Use Bioprocessing
One of the primary drivers behind the remarkable growth of the Single-Use Consumables Market is the increasing adoption of single-use bioprocessing by pharmaceutical players in their production processes. This technology offers numerous advantages, including quicker equipment turnover for new products, reduced testing and cleaning time, and enhanced production flexibility. The ease of integration and cost-effectiveness has propelled its use across various end-users, particularly in the pharmaceutical industry. As the demand for more efficient and cost-effective solutions continues to grow, the market is expected to witness significant expansion in the coming years.
Tubing: The Cornerstone of Single-Use Consumables
In 2021, the tubing segment stood out as the major player in the Single-Use Consumables Market. This segment includes various components and assemblies of tubing. The rapid adoption of single-use technologies is driving the growth of the tubing segment, with materials ranging from silicone and elastomer to other engineering polymers like Kynar (PVDF), ADIF polypropylene, TPE, TPV, and phthalate-free vinyl. As the need for efficient and user-friendly products continues to increase, the tubing segment is set to maintain its dominant position. Additionally, the connectors segment is expected to grow at a faster pace, driven by increased usage and product launches.
Filtration: A Dominant Application
Filtration applications reigned supreme in the Single Use Consumables Market in 2021, representing the largest share. The advantages of filtration consumables over stainless steel alternatives, such as quicker equipment turnover, reduced testing and cleaning times, and enhanced production flexibility, have contributed to this dominance. The ease and flexibility offered by single-use consumables make them a preferred choice in the industry, further fueling the growth of the filtration segment.
North America Leading the Way
Geographically, North America took the lead in the Single Use Consumables Market in 2021. This can be attributed to the presence of key market players and the increasing public-private initiatives for research activities. North America’s growth is further propelled by its robust pharmaceutical industry and the adoption of advanced research initiatives. On the other hand, the Asia Pacific region is expected to witness the highest CAGR during the forecast period. The growing pharmaceutical industry, expanding research infrastructure, and increased industrial initiatives are driving the market’s growth in this region.
Key Players in the Market
Prominent players in the Single Use Consumables Market include Thermo Fisher Scientific, Sartorius Stedim Biotech, Danaher Corporation, Merck KGaA, and Avantor, Inc. These companies have employed a variety of growth strategies, such as product launches and acquisitions, to maintain their leading positions in the market.
Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=44374840
Conclusion
The Single Use Consumables Market is on a trajectory of impressive growth, driven by the adoption of single-use bioprocessing and the development of user-friendly and cost-effective products. The tubing and filtration segments are at the forefront of this growth, offering efficient solutions for diverse applications. As the market continues to evolve, it is essential for stakeholders to stay updated with these trends and innovations, ensuring that single-use consumables play a pivotal role in shaping the future of various industries.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]