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(IT-NEWSWIRE.COM, January 26, 2021 ) Major Growth Boosting Factors: Single-Use Assemblies 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.
Expected Revenue Growth: 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.
Research Methodology Followed:
For the calculation of the global market value, the segmental revenue was arrived at based on the revenue mapping of major players active in the single-use assemblies market. This process involved the following steps:
- Generating a list of the major global players operating in the market
- Mapping the annual revenue generated by major global players from the single-use assemblies segment (or the nearest reported business unit/product category) which covered at least 80%-85% of the worldwide market share, as of 2018
- Extrapolation of the revenue data of significant players to derive the global value of the single-use assemblies industry
- All percentage shares, splits, and breakdowns for the global market were determined by using secondary sources and verified through primary sources.
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By product;
the market is broadly segmented into bag assemblies, filtration assemblies, bottle assemblies, mixing system assemblies, and other products. The bag assembly segment is projected to grow at the highest CAGR during the forecast period as it enables critical liquid handling in biomanufacturing and eliminate the time & cost of additional cleaning and sterilization, system set-up, maintenance, and validation
By application;
Filtration is expected to show the highest growth in the forecast period. Increasing adoption of filtration assemblies due to surety that operators do not come in contact with cleaning solutions, cytotoxic fluids, or buffers with extreme pH, and thus provide safety. This provides not only economic benefits but also safety and time-to-market advantages
By solution;
Standard solutions are expected to show the highest growth in the forecast period. Due to the manufacturing process efficiency with reduced capital costs, improved flexibility with the use of pre-qualified components for building assemblies, reduced implementation time, and more flexibility with production planning are some of the advantages offered by standard solutions. This, in turn, is expected to drive the demand for a standard solution.
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Geographical Scenario: The single-use assemblies market is divided into four major regions-Europe, North America, Asia Pacific, and the Rest of the World (RoW). In 2018, North America accounted for the largest share of the global market, closely followed by Europe. Factors such as the presence of a well-established biopharmaceutical industry in the region has 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 market in North America.
Key Market Players
The major companies in the single-use assemblies market include Sartorius Stedim Biotech (France), Thermo Fisher Scientific (US), Danaher (US), Merck Millipore (Germany)), and GE Healthcare (US).
Sartorius Stedim Biotech (France) is the most significant player in the global market. The company has an expansive range of single-use assemblies products. The growth of revenue strongly backed up by demand from the Americas and APAC countries and efforts of the company to meet the differentiated needs of consumers from emerging Asian markets.
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
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