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(Health-NewsWire.Net, June 23, 2020 ) [148 Pages Report] The Single Use Assemblies Market is projected to reach USD 1,825 million in 2024 from USD 805 million in 2019, at CAGR of 16.5% during the forecast period.
Market growth is primarily driven by factors such as increasing demand for biopharmaceuticals, rising life science R&D expenditure, faster implementation and low risk of cross-contamination. However, the issues related to reachable and extractives is expected to restrain the growth of this market during the forecast period.
Recent Developments:
- In May 2019, Thermo Fisher Scientific (US), invested USD 50 million to expand its assembly capacity and add BPC systems at its UK plant. It also expanded its cleanroom space for BPC chambers and related assembly production processes in the US.
- In March 2019, Danaher (Pall Biotech) signed an agreement to integrate Broadley-James’ single-use pH sensors in its single-use technologies for upstream and downstream unit operations.
- In May 2017 Merck Millipore launched Mobius My Way Portfolio in customized single-use assemblies segment
Browse 102 Market Data Tables and 33 Figures spread through 148 Pages and in-depth TOC - Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=46226549
Market Segmentation in Depth:
Based on product, the single-use assemblies market is segmented into bag assemblies, filtration assemblies, bottle assemblies, mixing system assemblies and other products. Bag assemblies are expected to account for the largest share of the single-use assemblies market in 2019, owing to the factors such as elimination of the time & cost of additional cleaning, system set-up, maintenance, and validation.
Based on application, the single-use assemblies market is segmented into cell culture and mixing, filtration, storage, sampling, fill-finish application, and other applications (aseptic transfer and fluid management). The filtration segment is expected to dominate the market in 2019. The reduced work for column cleaning, sterilization and packing, and simplified validation and cleaning, which in turn drive the single-use assemblies’ demand for filtration applications.
Based on the type, the global single-use assemblies market is divided into standard solution and customized solution. The standard solution segment is expected to be the fastest growing segment during the forecast period. Reduced implementation time, and more flexibility with production planning is expected to drive the demand for standard solution.
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Geographical Regions Mapped in Report:
In 2019, North America is expected to account for the largest share of the global single-use assemblies market, followed by Europe. The largest share of the North American market is attributed to the presence of a well-established biopharmaceutical industry in the region which created significant demand for single-use assemblies, low risk of contamination and low implementation costs, their adoption in biopharmaceutical companies for R&D are driving the growth of the single-use assemblies market in North America.
Major Key Players Mentioned in the research report are:
The major companies in the global single-use assemblies market include Sartorius Stedim Biotech (France), Thermo Fisher Scientific (US), Danaher (US), Merck Millipore (Germany)), and GE Healthcare (US).
MarketsandMarkets™
Mr. Aashish Mehra
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raviraj.tak@marketsandmarkets.com
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