PUBLISHER: Azoth Analytics | PRODUCT CODE: 1625338
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1625338
Azoth Analytics has released a research report titled "Global Single Use Consumables Market (2024 Edition)" which provides an analysis of the Global Single Use Consumables industry in terms of market segmentation By Product (Tubing, Connectors and Disconnectors, Valves, Other Types), By Application (Sampling, Cell Culture, Storage, Filtration), By End Users (Contract Manufacturing Organizations, Pharmaceutical Companies, Academic & Research Institute) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The report analyses the Single Use Consumables Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, Japan, India). The Global Single Use Consumables market showcased growth at a CAGR of 13.98 % during 2020-2023. The market was valued at USD 4813.10 Million in 2023 which is expected to reach USD 13967.57 Million in 2030.
The global single-use consumables market is experiencing substantial growth, driven by rising demand for biopharmaceuticals, cost-efficiency, and advancements in technology.
The increasing prevalence of chronic diseases has led to a heightened demand for biopharmaceuticals, including vaccines and monoclonal antibodies. Single-use consumables are integral in the production of these biologics, offering advantages such as reduced contamination risks and enhanced operational efficiency.
The heightened emphasis on sanitation and hygiene, especially in the wake of global health concerns, has propelled the adoption of single-use consumables. These products ensure sterility and reduce the risk of infections, aligning with stringent health and safety regulations.
The global single-use consumables market exhibits strong regional growth patterns, with America leading due to its well-established biopharmaceutical infrastructure, advanced manufacturing technologies, and significant investments in R&D.
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