The Worldwide Single Use Consumables Industry is Projected to Reach $4.7 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Single Use Consumables Market by Product (Tubing, Connectors, Disconnectors, Adapters, Valves, Capsule Filter, Sensors), Application (Filtration, Storage, Cell Culture, Sampling), End User (Biotech, Pharma, CROs & CMOs, OEMs) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global single-use consumables market is projected to reach USD 4.7 billion by 2027 from USD 2.2 billion in 2022, at a CAGR of 16.6% during the forecast period.

Various advantages of single use technologies such as reducing risk of contamination, lower investment cost is increasing demand for single use consumables across biopharma industry impacting growth in the market size. Additionally, launch of technologically advent product is furthermore likely to propel the market growth during the forecast period of 2022-2027.

Disposable capsule filters segment is anticipated to grow at a substantial CAGR during forecast period

The tubing segment is estimated to be the largest and the fastest-growing product segment in this market. The increasing adoption of connectors to ensure the aseptic transfer of fluids during the development and manufacturing of biologics is expected to drive the growth of this market segment.

Filtration applications segment led the market in 2021

Based on application, the single-use consumables market is segmented into filtration, cell culture and mixing, storage, sampling, and other applications. Filtration is estimated to be the largest and fastest-growing application segment in this market. This can be attributed to the increased demand for and advantages of capsule filters over other methods. Ready-to-use capsule filters make large-volume filtration fast and easy.

North America held a dominant share in 2021

Geographically, the single-use consumables market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2021, North America accounted for the major share in the single-use consumables market. North America held dominant share owing to presence of key market players coupled with increased adoption of single-use consumables in research application in the region. Asia Pacific is expected to grow at faster pace due to increased research funding and adoption of single-use consumables in research and industrial applications.

Market Dynamics

Drivers

• Growing Demand for Biopharmaceuticals
• Lower Operational Cost and Increased Productivity
• Faster Installation and Lower Risk of Product Cross-Contamination

Restraints

• Issues Related to Leachables and Extractables

Opportunities

• Emerging Markets

Challenges

• Waste Disposal
• Gaps in Global Supply Chain

Companies Mentioned

• Avantor, Inc.
• Broadley-James Corporation
• Colder Products Company (Dover Company)
• Corning Incorporated
• Danaher Corporation
• Esi Technologies Group
• Gemu Group
• Hamilton Company
• Mdi Membrane Technologies Inc.
• Meissner Filtration Products, Inc.
• Merck KGaA
• Mettler Toledo
• Newage Industries
• Parker-Hannifin Corporation
• Presens Precision Sensing GmbH
• Repligen Corporation
• Saint-Gobain
• Sartorius Ag
• Sentinel Process Systems, Inc.
• Sterlitech Corporation
• Thermo Fisher Scientific, Inc.
• Venair Iberica Sau

For more information about this report visit https://www.researchandmarkets.com/r/m4nr1w