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(Medical-NewsWire.com, December 10, 2019 ) According to the new market research report "Single Use Assemblies Market by Product (Bag Assembly, Filtration Assembly, Bottle Assembly, Mixing Assembly), Application (Filtration, Storage), Solution (Standard, Customized), End User (Pharmaceutical Companies, CMOs and CROs) - Global Forecast to 2024", published by MarketsandMarkets™, is expected to grow from USD 805 million in 2019 to USD 1,825 million by 2024, at a CAGR of 16.5% during the forecast period.
The increasing demand for biopharmaceuticals, rising life science R&D expenditure, faster implementation and low risk of cross-contamination are the key factors driving the market growth.
Based on product, the market is segmented into bag assemblies, filtration assemblies, bottle assemblies, mixing system assemblies and other products. Bag assemblies are expected to account for the largest share of the market in 2019, owing to the factors such as elimination of the time & cost of additional cleaning, system set-up, maintenance, and validation.
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Standard solution segment is expected to grow at the highest CAGR during the forecast period
Based on the type, the global Single-Use Assemblies Market is divided into standard solution and customized solution. The standard solution segment is expected to be the fastest growing segment during the forecast period. Reduced implementation time, and more flexibility with production planning is expected to drive the demand for standard solution.
Browse and in-depth TOC on "Single Use Assemblies Market"
102 - Tables
33 - Figures
148 - Pages
Filtration projected to account for the largest application segment of the market in 2019
Based on application, the Single Use Assemblies Market is segmented into cell culture and mixing, filtration, storage, sampling, fill-finish application, and other applications (aseptic transfer and fluid management). The filtration segment is expected to dominate the market in 2019. The reduced work for column cleaning, sterilization and packing, and simplified validation and cleaning, which in turn drive the single-use assemblies’ demand for filtration applications.
Biopharmaceutical and Pharmaceutical companies is expected to grow at CAGR during the forecast period
Based on end-user, the Single-Use Assemblies Market is segmented into biopharmaceutical and pharmaceutical companies, CROs & CMOs, and academic & research institutes. The biopharmaceutical and pharmaceutical companies segment is expected to be the fastest growing segment during the forecast period, due to the significant impact on the manufacturing process efficiency by reducing capital costs, improving plant flexibility, reducing start-up times and costs, and eliminating the risk of cross-contamination.
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North America is projected to account for the largest share of the market in 2019
In 2019, North America is expected to account for the largest share of the global Single Use Assemblies Market, followed by Europe. The largest share of the North American market is attributed to the presence of a well-established biopharmaceutical industry in the region which 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.
The major companies in the global market include Sartorius Stedim Biotech (France), Thermo Fisher Scientific (US), Danaher (US), Merck Millipore (Germany)), and GE Healthcare (US).
MarketsandMarkets™
Mr. Shelly Singh
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raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
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