Global Single Use Assemblies Market is Estimated to Witness High...

Global Single Use Assemblies Market is Estimated to Witness High Growth Owing to Increased Biopharma R&D Activity

Posted 2024-02-07 13:47:47

Single use assemblies are single-use pre-assembled pipe couplings, tubes, connectors, filters, and bags that are widely used across biopharmaceutical industries during drug development and manufacturing processes. They help prevent cross-contamination and reduce validation efforts. The single use assemblies are disposable and help reduce downtime during product changeovers. The global single use assemblies market is growing significantly due to the increasing demand of flexible and disposable bioprocessing equipment across biopharmaceutical industries.

The global single use assemblies market is estimated to be valued at US$ 13 Bn or Mn in 2024 and is expected to exhibit a CAGR of 17.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The single use assemblies market is expected to witness significant growth owing to increased biopharmaceutical R&D activities around the world. The development and manufacturing of biologics require single-use and disposable solutions to avoid cross contamination between product changeovers. This has increased the demand for single-use assemblies as they help improve process flexibility and ensure product quality. Furthermore, single use assemblies help reduce downtime and equipment validation efforts, thereby increasing production efficiency. Their disposable nature also eliminates the need for cleaning and sterilization of assemblies between each production cycle. This significantly reduces overall production costs and risks involving multi-use systems. Growing biosimilars market is further expected to support the demand for single use assemblies over the forecast period.

SWOT Analysis
Strength: The global single use assemblies market offers various benefits such as low risk of product cross-contamination, reduced labor costs, and less validation requirements. Additionally, single use technologies have minimal footprint and are easy to install which reduces complexity and cost of new facility set up. Furthermore, single use assemblies help lower energy and water costs compared to traditional stainless steel pipes and equipment.

Weakness: Single use assemblies have high material costs per use compared to traditional reusable equipment. Additionally, single use assemblies are not eligible for cleaning and must be disposed after single use which increases costs. Supply chain management and sourcing of raw materials is also complex for single use products.

Opportunity: Growth in biopharmaceutical industry and rising demand for large molecule biologics will drive the demand for single use assemblies as they are preferred for large molecule production. Additionally, increasing regulatory pressures for preventing cross contamination is expected to boost adoption of single use technologies. Rapid expansion of contract manufacturing organizations also presents an opportunity.

Threats: Regulatory uncertainty regarding disposal of single use assemblies poses a threat. Stringent regulations around the processing and disposal of biomedical waste can adversely impact market growth. Furthermore, availability of reused and refurbished assemblies at lower costs presents a threat to single use assemblies market.

Key Takeaways
The global Global Single Use Assemblies Market Growth is expected to witness high growth over the forecast period of 2024 to 2031 supported by increasing adoption in biopharmaceutical manufacturing.

Regional analysis: The Asia Pacific region is expected to grow at the fastest pace in the global single use assemblies market supported by rising capacities and increasing outsourcing of bioproduction to countries like China and India. China in particular is witnessing heavy investments in development of biologics drug pipelines. Additionally, presence of several contract manufacturing organizations is also expected to drive demand.

Key players operating in the global single use assemblies market are Thermo Fisher Scientific, Inc., Merck KGaA, Sartorius AG, Danaher (Pall Corporation), Avantor, Inc., Lonza, Saint-Gobain, Corning Incorporated, Entegris, KUHNER AG., Parker Hannifin Corporation, Ami Polymer, HIGH PURITY NEW ENGLAND, Liquidyne Process Technologies, Inc. and ESI Ultrapure.

For more insights, read- https://www.insightprobing.com/global-single-use-assemblies-market-trends-size-and-share-analysis/

For more details on the report, Read-https://whotimes.com/stock-music-market-an-ever-evolving-industry/