The Single Use Filtration Assemblies 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 Filtration Assemblies Global Market Report 2024, The single use filtration assemblies market size has grown rapidly in recent years. It will grow from $4.39 billion in 2023 to $5.04 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to increased biopharmaceutical production, stringent regulatory standards, cost-efficiency in bioprocessing, reduced risk of cross-contamination.
The single use filtration assemblies market size is expected to see rapid growth in the next few years. It will grow to $8.77 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to growing biomanufacturing capacity, focus on sustainability, flexibility in manufacturing processes, increasing bioprocess outsourcing.. Major trends in the forecast period include continuous bioprocessing, risk mitigation and compliance, integration of smart technologies, focus on high-value biologics, outsourcing trends..
Increasing investments in research and development by biopharmaceutical companies are driving the single-use filtration assemblies market going forward. Pharmaceutical research and development refer to the process of discovering and developing new drugs or medications, as well as improving existing ones, through scientific research and experimentation. Single-use filtration assemblies are widely used in the production and research and development of various biopharmaceuticals to remove cells and debris from the vessels. Globally, there has been a significant increase in research and development by biopharmaceutical companies, resulting in the growth of the single-use filtration assembly market. For instance, in September 2022, the UK government announced a spending on the research and development of pharmaceuticals was $18.9 Billion (£15.3bn) in 2020 and the allocated budget for research and development for 2022-2025 was $49.2 Billion (£39.8 bn). Additionally, in January 2023, Roche Holding AG, a Switzerland-based biopharmaceuticals manufacturer announced that its R&D expenditure for the year 2022 increased by 3.7% as compared to 2021. Furthermore, in March 2023, Merck, a Germany-based biopharmaceuticals manufacturer announced that its R&D spending for the year 2022 increased by 3.9% as compared to 2021. As a result, the increased investments in research and development by biopharmaceutical companies are propelling the single-use filtration assemblies.
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The single use filtration assemblies market covered in this report is segmented –
1) By Type: Membrane Filtration, Depth Filtration, Centrifugation, Other Types
2) By Product: Filters, Cartridges, Membranes, Manifold, Cassettes, Syringes, Other Products
3) By Application: Pharmaceuticals Manufacturing Market, Bioprocessing/Biopharmaceuticals Market, Laboratory Use
Product innovation is a key trend gaining popularity in the single-use filtration assembly market. Major single-use filtration assembly market companies are making new improvements to preserve their position in the marketplace. For example, in September 2022, Thermo Fisher Scientific, a US-based producer of medical equipment and scientific instruments, unveiled the DynaSpin Single-Use Centrifugal system. The DynaSpin innovation revolutionizes and simplifies the cell culture separation process in single-use bioprocesses by reducing the requirement for many depth filtration cartridges during the collection phase. The product's novelty is that it decreases waste by 70% compared to typical harvesting techniques.
The single use filtration assemblies market report table of contents includes:
1. Executive Summary
2.Single Use Filtration Assemblies Market Characteristics
3.Single Use Filtration Assemblies Market Trends And Strategies
4. Single Use Filtration Assemblies market analysis
5.Single Use Filtration Assemblies Market Size And Growth
6. Single Use Filtration Assemblies Segmentation
7. Single Use Filtration Assemblies Regional And Country Analysis
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27.Single Use Filtration Assemblies Competitive Landscape And Company Profiles
28. Single Use Filtration Assemblies Key Mergers And Acquisitions
29.Single Use Filtration Assemblies Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Thermo Fisher Scientific Inc.
- 3M Company
- Danaher Corporation
- Merck KGaA,
- Asahi Kasei Corporation
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