{"id":677746,"date":"2023-11-21T19:08:02","date_gmt":"2023-11-21T19:08:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=677746"},"modified":"2023-11-21T19:08:02","modified_gmt":"2023-11-21T19:08:02","slug":"single-use-assemblies-market-worth-52-billion-by-2028","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/single-use-assemblies-market-worth-52-billion-by-2028_677746.html","title":{"rendered":"Single Use Assemblies Market worth $5.2 billion by 2028"},"content":{"rendered":"
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The single-use assemblies industry is poised for significant growth in the near future, driven by the increasing demand for flexible and cost-effective solutions in biopharmaceutical manufacturing.<\/div>\n<\/div>\n<\/div>\n
Single Use Assemblies Market in terms of revenue was estimated to be worth $2.5 billion in 2023 and is poised to reach $5.2 billion by 2028, growing at a CAGR of 15.6% from 2023 to 2028 according to a new report by MarketsandMarkets\u2122<\/div>\n

Single Use Assemblies Market<\/a><\/strong> in terms of revenue was estimated to be worth $2.5 billion in 2023 and is poised to reach $5.2 billion by 2028, growing at a CAGR of 15.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. The global single-use assemblies market is growing owing to factors such as rising adoption of single-use assemblies among startups and SMEs, development and launch of technologically advanced single-use products that offer streamlined workflows, portability, and rapid implementation, and increasing demand for single-use assemblies for R&D and biologics manufacturing. The market growth could be hampered by regulatory concerns and significant concerns regarding extractables and leachables arising from the components of single-use assemblies in bioproduction.<\/p>\n

Download an Illustrative overview: https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=46226549<\/a><\/strong><\/p>\n

The bag assemblies segment accounted for the largest share by product in the single-use assemblies market in 2022.<\/strong><\/p>\n

By product, the single-use assemblies market has been further categorized as bag assemblies, filtration assemblies, bottle assemblies, mixing system assemblies, and other products. The bag assemblies segment held the largest share of the global single-use assemblies market in 2022. The increasing use of bioprocessing applications is driving the growth of the single-use bag assemblies segment. These bags enable critical liquid handling in biomanufacturing processes and eliminate the time & cost of additional cleaning-in-place and sterilization-in-place (CIP\/SIP) system setup, maintenance, and validation.<\/p>\n

The standard solutions segment accounted for the largest share of the solution segment in the single-use assemblies market in 2022.<\/strong><\/p>\n

Based on solutions, the global single-use assemblies market has been segmented into standard solutions and customized solutions. The standard solutions segment held the largest market share in 2022. The pharmaceutical and biopharmaceutical industries have adopted standard solutions extensively, driven by the benefits they offer. These advantages encompass enhanced manufacturing process efficiency, lowered capital costs, increased flexibility through the utilization of pre-qualified assembly components, reduced implementation time, and greater adaptability in production planning.<\/p>\n

The filtration & purification segment accounted for the largest share of the application segment in the single-use assemblies s market in 2022.<\/strong><\/p>\n

The single-use assemblies market is segmented into filtration & purification, aseptic transfer, cell culture & mixing, formulation & fill-finish, storage, and sampling based on application. Filtration & purification is the largest application segment of the single-use assemblies market. Factors such as cost efficiency, flexibility and scalability, reduced risk of cross-contamination, and technological advancements in single use assemblies used for filtration & purification are expected to drive the filtration & purification segment during the forecast period.<\/p>\n

The North American region catered for the largest share of the single-use assemblies market in 2022.<\/strong><\/p>\n

The single-use assemblies market is segmented into North America, Europe, the Asia Pacific (APAC), Latin America (LATAM), and the Middle East and Africa (MEA). North America regional market held a substantial share of the single-use assemblies market owing to the strong presence of the pharmaceutical industry, increased research and development (R&D) spending, the expansion of biosimilars markets, the rising number of drug development projects, and stringent regulations for the pharmaceutical industry.<\/p>\n

Request Sample Pages: https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=46226549<\/a><\/strong><\/p>\n

Single Use Assemblies Market Dynamics:<\/strong><\/p>\n

Drivers:<\/strong><\/p>\n

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  1. Increasing adoption of single-use assemblies among startups and SMEs<\/li>\n
  2. Rapid implementation and low risk of cross-contamination<\/li>\n
  3. Growing biologics and biosimilars market<\/li>\n
  4. Cost savings with single-use assemblies<\/li>\n
  5. Technological advancements<\/li>\n<\/ol>\n

    Restraints:<\/strong><\/p>\n

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    1. Regulatory concerns<\/li>\n
    2. Issues related to leachables and extractables<\/li>\n
    3. Leakage and integrity issues<\/li>\n<\/ol>\n

      Opportunities:<\/strong><\/p>\n

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      1. Emerging markets<\/li>\n
      2. Rising focus on increasing bioprocessing capacities among biopharmaceutical companies<\/li>\n<\/ol>\n

        Challenge:<\/strong><\/p>\n

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        1. Standardization of single-use assemblies<\/li>\n
        2. Disposal of waste<\/li>\n
        3. Demand and supply gap<\/li>\n<\/ol>\n

          Key Market Players of Antibody Drug Conjugates Industry:<\/strong><\/p>\n

          Key players in the single-use assemblies market include Thermo Fisher Scientific Inc. (US), Sartorius AG (Germany), Danaher (US), Merck KGaA (Germany), PARKER HANNIFIN CORP (US), Saint-Gobain (France), Repligen Corporation (US), Corning Incorporated (US), Entegris (US), Meissner Filtration Products, Inc. (US),  NewAge Industries (US), Antylia Scientific (US), Lonza (Switzerland), Romynox (Netherlands), SaniSure (US), Keofitt A\/S (Denmark), Intellitech, Inc. (US), Dover Corporation (US), Foxx Life Sciences (US), TSE Industries, Inc. (US), Fujimori Kogyo Co., Ltd. (Japan), Michelin (France), Cellexus (Scotland), and Fluid Flow Products, Inc. (US).<\/p>\n

          Recent Developments:<\/strong><\/p>\n