PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339054
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339054
The global single-use assemblies market size is expected to reach USD 55.97 billion by 2032, according to a new study by Polaris Market Research. The report "Single-Use Assemblies Market Share, Size, Trends, Industry Analysis Report, By Product (Bag Assemblies, Filtration Assemblies, Bottle Assemblies, Tubing Assemblies, and Others); By Application; By End-User; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rapid increase in the adoption of the single-use assembly systems across bio-pharmaceutical industry for vaccine research and manufacturing of numerous types of vaccines, MAbs, and therapeutic proteins is among the prominent factors driving the global market growth.
Furthermore, in order to reduce risk and enhance the operational efficiencies, the key market players are increasingly investing in R&D activities to develop and monetize technology with advanced solutions and optimized processes, are further likely to fuel the global market growth in the near future. For instance, in January 2023, HPNE, announced the launch of its new dedicated service named "FlexConnexx" designed to reducing lead times & security in the product supply chain. With the new service, the customers can have their own cleanroom space for manufacturing and many other purposes.
Growing significance of the single-use technology across the globe in advancing the cutting-edge research into these types of ailments including cancer research and medicines for various uncommon diseases, has led to greater adoption of these systems. Due to the increase in the cases of infections among patients and significant increase in the rate of chronic diseases, will result in surge in the demand over the next coming years.
Moreover, various types of government initiatives towards the utilization of highly developed technologies in the biologics industry and to produce the antibodies, which can neutralize the HIV particles. Similar efforts are being increasingly made to generate new vaccine alternatives that have huge potential to create growth opportunities for the market.
Filtration assemblies segment led the market share in 2022, on account of its ability to reduce the risk of contamination and are highly efficient and flexible
Filtration segment held the majority market revenue share in 2022, mainly due to the growing implementation of single-use assemblies due to its capability to reduce the average process time
CROs & CMOs segment is expected to grow at a fastest CAGR during the anticipated period, which is mainly driven widespread adoption of these systems among CMOs in their business operations
North America region dominated the global market with significant share in 2022, owing to robust presence of well-developed and established market players and high spending capacity of consumers in the region
The global key market players include: Danaher Corporation, Repligen Corporation, Fluid Flow Products, Thermo Fisher Scientific, and Saint-Gobain
Polaris Market Research has segmented the single-use assemblies market report based on product, application, end-user, and region: