PUBLISHER: The Business Research Company | PRODUCT CODE: 1414573
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414573
“Single Use Consumables Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on single use consumables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for single use consumables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The single use consumables market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Single-use consumables are products specifically designed for a one-time use, after which they are disposed of. These consumables find extensive applications across various sectors, notably in healthcare and biopharmaceutical industries, where they play a crucial role in the production of monoclonal antibodies, mRNA, and bioconjugates.
The primary categories of single-use consumable products include connectors, valves, adaptors, tubing, disconnectors, sensors, and disposable capsule filters. Connectors, which serve as pivotal components within the realm of single-use consumables, facilitate the linkage between different objects. They find application across diverse processes such as sampling, cell culture and mixing, storage, and filtration, among others. Various stakeholders across the biopharmaceutical and pharmaceutical sectors, original equipment manufacturers (OEMs), contract research organizations, contract manufacturing organizations, as well as academic and research institutes, leverage these single-use consumables to enhance operational efficiency and ensure optimal outcomes in their respective processes.
The single use consumables market research report is one of a series of new reports from The Business Research Company that provides single use consumables market statistics, including single use consumables industry global market size, regional shares, competitors with a single use consumables market share, detailed single use consumables market segments, market trends and opportunities, and any further data you may need to thrive in the single use consumables industry. This single-use consumables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The single use consumables market size has grown rapidly in recent years. It will grow from $3.12 billion in 2023 to $3.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth observed in the historic period can be attributed to several factors, including the increased outsourcing of manufacturing, advancements in medical technologies, elevated healthcare standards, the proliferation of disposable culture, and heightened environmental awareness. These factors collectively contributed to the expansion and evolution of industries related to single-use consumables during that timeframe.
The single use consumables market size is expected to see rapid growth in the next few years. It will grow to $7.15 billion in 2028 at a compound annual growth rate (CAGR) of 18.1%. The anticipated growth in the forecast period for single-use consumables can be attributed to several factors, including the ongoing digitization of healthcare, responses to global health emergencies, trends toward personalized medicine, an increase in home healthcare practices, and a growing emphasis on sustainability initiatives. These factors are expected to drive the demand for single-use consumables in various sectors. Additionally, major trends in the forecast period include a heightened focus on infection control, increased attention to environmental concerns and sustainable solutions, rapid integration of technological advancements, and the adoption of remote monitoring technologies. These trends are likely to shape the landscape of single-use consumables, reflecting the evolving needs and priorities within the healthcare and related industries.
The growth of the single-use consumables market is expected to be driven by the rising prevalence of chronic diseases. Chronic diseases are persistent health conditions lasting for an extended period, often requiring ongoing medical attention. Single-use consumables play a crucial role in pharmaceuticals and medical equipment manufacturing used in the treatment of chronic diseases. The projection for the future is significant, with an expected increase in the number of individuals aged 50 years and above with one or more chronic illnesses reaching 142.66 million by 2050, according to the National Center for Biotechnology Information (NCBI). Similarly, in Australia, the Australian Institute of Health and Welfare (AIHW) estimated that approximately 47% or 11.6 million individuals were affected by at least one of the ten chosen chronic ailments in 2020-21. This rising prevalence of chronic diseases is anticipated to be a key factor propelling the growth of the single-use consumables market.
The growing need for sanitation and hygiene is also expected to contribute significantly to the growth of the single-use consumables market. Sanitation and hygiene are crucial in preventing the spread of diseases related to water, sanitation, and hygiene, and single-use consumables play a vital role in environments where maintaining sterility and preventing cross-infection are paramount. The impact of inadequate water, sanitation, and hygiene (WASH) services is evident, with preventable diseases causing a significant number of deaths, including among children under five. The importance of sanitation and hygiene is underscored by UNICEF data estimating that 1.4 million people, including nearly 400,000 children under five, die each year from preventable diseases attributable to inadequate WASH. The growing awareness and emphasis on sanitation and hygiene are driving the adoption of single-use consumables in various sectors, including pharmaceutical manufacturing and healthcare, contributing to the market's growth.
Product innovation is a prominent trend gaining traction in the single-use consumables market, with major companies focusing on developing innovative solutions to enhance their market position and gain a competitive edge. One notable example is the launch of CPC AseptiQuik connectors by Colder Products Company (CPC) in September 2021. These aseptic connectors represent an industry-first, providing a straightforward and effective means of joining tubing in compact assemblies. Specifically designed for critical applications in the biopharmaceutical industry, these high-performance connectors are ideal for single-use and sanitary applications.
Companies operating in the single-use consumables market are also making strides in launching cutting-edge solutions such as single-use bioreactor systems to drive market revenues. These bioreactor systems utilize disposable components, such as plastic bags or containers, instead of traditional stainless steel or glass culture vessels for bioprocessing applications. For instance, Getinge, a Sweden-based medical technology company, launched the AppliFlex ST GMP in September 2023. This single-use bioreactor is designed for clinical cell and gene therapies, offering scalability and seamless transition from laboratory research to clinical manufacturing in mRNA production, gene therapy, and cell therapy. The comprehensive solution provided by AppliFlex ST GMP includes consumables, auxiliaries, verification, and GMP-compliant software, making it suitable for producing materials for clinical production and trials.
In September 2021, Avantor, a US-based provider of mission-critical products and services, acquired the Masterflex bioprocessing business and related assets from Antylia Scientific for an undisclosed amount. Avantor's acquisition aimed to strengthen its bioproduction product line by incorporating unique single-use offerings. This strategic move enhances Avantor's bioproduction capabilities across various platforms, including monoclonal antibodies, cell and gene therapy, and mRNA, positioning the company to support vaccine and therapy manufacturing, including for COVID-19. Antylia Scientific, the acquired company, is a US-based provider of peristaltic and single-use bioprocessing solutions.
Major companies operating in the single use consumables market report are Thermo Fisher Scientific Inc., Sartorius AG, Danaher Corporation, Merck KGaA Darmstadt Germany, Avantor LLC, Meissner Filtration Products Inc., Boehringer Ingelheim International GmbH, Lonza Group AG, Infors AG Bottmingen Switzerland, PBS Biotech Inc., Entegris Inc., Kuhner AG Basel Switzerland, Rentschler Biopharma SE Freiburg Germany, Compagnie de Saint-Gobain S.A., NewAge Industries Inc., Colder Products Company, Repligen Corporation, Corning Incorporated, Hamilton Company, Broadley James Corporation, Pall Corporation, Eppendorf AG, GE Healthcare, Asahi Kasei Corporation, 3M Company, CESCO Bioengineering Co. Ltd., Distek Inc., OmniBRx Technologies LLC, Associates of Cape Cod Inc., Hypertherm Inc.
North America was the largest region in the single use consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global single use consumables market report during the forecast period. The regions covered in the single use consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the single use consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The single-use consumables market consists of sales of media bags and containers, disposable or single-use bioreactors, and disposable mixers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.