Single Use Consumables Market Report 2027: A Surge to USD 4.7 Billion
The report Single Use Consumables Market
is projected to reach USD 4.7 billion by 2027 from USD 2.2 billion in
2022, at a CAGR of 16.6% during the forecast period. Rising adoption of
single use bioprocessing over traditional stainless methods is rising
the demand for single use consumables across the globe. Additionally,
the use of single-use consumables increases the productivity of
manufacturing processes due to reductions in the cost and complexity of
automation. These factors are expected to propel the market growth in
coming years.
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Opportunity: Emerging Countries
The
market is witnessing growth in emerging countries such as China, India,
South Korea, Singapore, Vietnam, Japan, and Brazil. These markets have
huge development potential for providers who are unable to adhere to the
strict regulatory standards in the US and EU as they lack appropriate
standards and governmental laws. In the Asian region, China and India
are the two countries with the highest potential markets for single-use
consumables. As of April 2022, Merck and the Administrative Management
Committee of Wuxi National High-Tech Industrial Development Zone entered
into an agreement to significantly expand Merck’s first Asia Pacific
Mobius Single-Use manufacturing center in China. Merck plans to invest
USD 110 million over six years by expanding its existing Wuxi production
site to significantly increase its biopharma single-use assemblies and
custom design capabilities.
Driver: Lower operational cost and increased productivity
Single-use
technologies help biopharmaceutical companies increase their
productivity. Traditionally, complex steps like the cleaning (CIP) and
sterilization (SIP) of products were mandatory to avoid
cross-contamination, thus resulting in increased costs for
manufacturers. However, with the help of single-use technologies, these
steps have been eliminated. One of the major advantages of single-use
technologies in pilot and full-scale manufacturing is the direct savings
in terms of labor and material costs. Single-use consumables reduce
initial investments and R&D costs. Compared to traditional
stainless-steel facilities, facilities using single-use systems require
40% lower initial investments. Thus, the lower operational costs and
increased productivity are expected to propel the use of single-use
consumables such as tubes, connectors, and disconnectors, among other
consumables, in the coming years.
Single-use consumables market
is competitive in nature, several market players are implementing
strategies to sustain market competition. The companies offer various
products such as connectors, disconnectors, tubing and others for single
use. Prominent players in the global single-use consumables market are
Thermo Fisher Scientific, Inc. (US), Sartorius Stedim Biotech (France),
Danaher Corporation (US), Merck KGaA (Germany), Avantor Inc. (US), and
among others.
Thermo Fisher Scientific, Inc. (US)
Thermo
Fisher Scientific is one of the leading providers of medical equipment,
analytical instruments, reagents & consumables, software, and
services. The company’s focus on launching new and innovative products
and technologies to back its existing product portfolio makes it a
leading player in this market. The company also focuses on expanding its
geographic footprint and increasing its global manufacturing capacity
of single-use technologies.
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North America has registered fastest growth rate during the forecast period in single-use consumables market
Geographically,
the single-use consumables market is segmented into North America,
Europe, the Asia Pacific, Latin America, and the Middle East &
Africa. North America accounted for the largest share in the global
single-use consumables market in 2021. The large share of North America
in the single-use consumables market is largely driven by the presence
of key market players and increasing public-private initiatives for
research activities. The market in the Asia Pacific region is expected
to grow at the highest CAGR during the forecast period. The high growth
rate of the APAC region can be attributed to the growing pharmaceutical
industry; increasing adoption of emerging markets in single-use
consumables-based research; expansion of research infrastructure; and
increasing industrial initiatives to boost advanced research in the
region.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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