123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Single Use Consumables Market To Reach $4.7 Billion

Profile Picture
By Author: Healthcare News
Total Articles: 341
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

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
sales@marketsandmarkets.com

More About the Author

An innovative professional with 6+ years of progressive experience within the Healthcare industry. with the skills to drive business growth, capitalize on new revenue potential, and manage all aspects of daily internet / eCommerce operations.

Total Views: 56Word Count: 559See All articles From Author

Add Comment

Business Articles

1. How Global Trade Finance Facilitates Cross-border Transactions And Reduces Risk
Author: Riddhi Divan

2. Innovative Uses Of Nickel In Cryogenic And Marine Environments
Author: Online fittings

3. Implementing Predictive Analytics In Your Abm Toolkit
Author: SalesMark Global

4. Comparing The Top 5 Live Commerce Platforms For 2024
Author: Amy Williams

5. Data-driven Precision Marketing For Effective Demand Generation
Author: SalesMark Global

6. Supercharge Your Sales With Optimized Pipeline Velocity
Author: SalesMark Global

7. Best Japan Tour Packages
Author: bharathi

8. Adani Group Stocks Down 20%; Gautam Adani Indicted In Us Over Bribery Charges
Author: Bizzbuzz

9. High-performance Ss Round Bars: Addressing The Energy Sector's Needs
Author: Neelkamal Alloys LLP

10. The Role Of Modern Washroom Solutions In Maintaining Cleanliness
Author: ritika krishna

11. Why Choose Premium Taxi Services In Kochi?
Author: maya

12. Black Magic Astrologer In Kasaragod
Author: Sripandith05

13. The Health Benefits Of Adding Pineapple To Your Pancakes
Author: maya

14. Top Luxury Resorts In Kerala For Your Dream Vacation
Author: maya

15. How To Start Your Shopping Website In Doha: A Simple Guide
Author: maya

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: