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Global Single Use Assemblies Market Estimated To Witness High Growth Owing To Opportunity To Reduce Contamination Risk And Improve Efficiency

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Global Single Use Assemblies Market Estimated To Witness High Growth Owing To Opportunity To Reduce Contamination Risk And Improve Efficiency

Single use assemblies refer to pre-assembled plastic components that are used in biopharmaceutical applications and discarded after single use. They help eliminate the high cost of cleaning, sterilization, and validation associated with stainless steel assemblies. The ability of single use assemblies to reduce contamination risk and improve process efficiency has been boosting their adoption across biopharmaceutical industries. Adoption of advanced single use assemblies has streamlined the biomanufacturing process and significantly reduced production turnaround times. The global single use assemblies market is estimated to be valued at US$ 13 billion in 2023 and is expected to exhibit a CAGR of 17% over the forecast period from 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The key opportunity driving the demand for single use assemblies is their ability to reduce contamination risk and improve process efficiency. Single use assemblies are made using plastic and silicone and hence offer negligible risk of cross-contamination between batches. Their usage eliminates the need for time-consuming cleaning procedures required for reusable assemblies. This significantly improves the efficiency of bioproduction processes as it allows uninterrupted production between batches. Furthermore, pre-assembled and sterilized nature of single use assemblies streamlines workflows and reduces process validation requirements. The opportunity to enhance production flexibility and turnaround times through risk mitigation and efficiency gains is boosting the adoption of single use assemblies across biopharmaceutical industry.

Porter's Analysis

Threat of new entrants: The global single use assemblies market requires heavy capital investments for R&D, manufacturing infrastructure and systems which act as a deterrent for new players.

Bargaining power of buyers: The presence of several assembly suppliers gives buyers leverage to negotiate on price and quality. However, stringent regulatory approvals limit buyer options.

Bargaining power of suppliers: Key raw material and equipment suppliers possess bargaining power due to their specialized expertise and intellectual property. Short product life-cycles mitigate this power.

Threat of new substitutes: Though plastic-based assemblies are replacing traditional glass and stainless steel, regulations ensure minimal impact on conventional assemblies.

Competitive rivalry: Major players competitively differentiate through innovation, partnerships and acquisitions to gain market share in this rapidly growing market.

SWOT Analysis

Strengths: Strict purity and cleanliness standards favor single-use technologies. Rapid installation and commissioning reduce costs.

Weaknesses: Higher product costs than conventional systems. Resource intensive manufacturing processes increase environmental footprint.

Opportunities: Growing biopharma industry drives demand. Asian biotech hubs present new geographical markets.

Threats: Supply chain disruptions constrain production. Stringent quality norms require expertise throughout product life cycle.

Key Takeaways

The global Global Single Use Assemblies Market Growth is expected to witness high growth over the forecast period owing to rising biopharmaceutical production.

The North American region currently dominates the market attributed to presence of major pharmaceutical companies and strong governmental support for R&D. However, the Asia Pacific region is anticipated to showcase fastest growth on account of expanding biotech industry in China, India and other ASEAN countries.

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. These players focus on new product innovations, partnerships and geographical expansions to augment their market presence.

For more insights, read- https://www.pressreleasebulletin.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/


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