The Single Use Consumables Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Single Use Consumables Global Market Report 2024, 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 in the historic period can be attributed to increased outsourcing of manufacturing, medical advancements, healthcare standards, rise of disposable culture, environmental awareness.
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 growth in the forecast period can be attributed to healthcare digitization, global health emergencies, personalized medicine trends, rise in home healthcare, sustainability initiatives. Major trends in the forecast period include focus on infection control, environmental concerns & sustainable solutions, rapid technological integration, remote monitoring technologies.
Rising prevalence of chronic diseases is expected to drive the growth of the single use consumables market. Chronic disease refers to a health condition or disease that is persistent or long-lasting in its effects, usually lasting for three months or longer, and may get worse over time. They require ongoing medical attention. Single use consumables are used extensively in pharmaceuticals and medical equipment manufacturing that are used to treat chronic diseases. For instance, in January 2023, as published on National Center for Biotechnology Information (NCBI), a US-based international resource for the scientific research community, that by 2050, the count of individuals aged 50 years and above having one or more chronic illnesses will rise by 99.5%, reaching 142.66 million, up from 71.522 million in 2020. Furthermore, in July 2022, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency, in 2020-21, approximately 47% or 11.6 million individuals in Australia were estimated to be affected by at least one of the ten chosen chronic ailments. Therefore, the rising prevalence of chronic diseases is expected to propel the growth of single use consumables market.
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The single use consumables market covered in this report is segmented –
1) By Products: Connectors, Valves, Adaptors, Tubing, Disconnectors, Sensors, Disposable Capsule Filter
2) By Application: Sampling, Cell Culture And Mixing, Storage, Filtration, Other Applications
3) By End-User: Biopharmaceutical And Pharmaceutical Companies, Original Equipment Manufacturers (OEMs), Contract Research Organizations And Contract Manufacturing Organizations, Academic And Research Institutes
Product innovation is a key trend gaining popularity in the single use consumables market. Major companies operating in the single use consumables market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in September 2021, Colder Products Company (CPC), a US-based plastics manufacturer launched the industry’s first aseptic connectors named CPC AseptiQuik connectors. It offers a straightforward and effective means of joining tubing in compact assemblies. These high-performance connectors are designed for critical applications in the biopharmaceutical industry and are ideal for single-use and sanitary applications.
The single use consumables market report table of contents includes:
1. Executive Summary
2. Single Use Consumables Market Characteristics
3. Single Use Consumables Market Trends And Strategies
4. Single Use Consumables Market – Macro Economic Scenario
5. Global Single Use Consumables Market Size and Growth
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26. South America Single Use Consumables Market
27. Brazil Single Use Consumables Market
28. Middle East Single Use Consumables Market
29. Africa Single Use Consumables Market
30. Single Use Consumables Market Competitive Landscape And Company Profiles
Top Major Players:
- Thermo Fisher Scientific Inc
- Sartorius AG
- Danaher Corporation
- Merck KGaA Darmstadt Germany
- Avantor LLC
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