Press release distribution to media in EMEA
  • Middle East
  • North Africa
  • Global
  • Business
  • Finance
  • Technology
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
No Result
View All Result
MENA NEWS | Press release distribution to media in UAE and MENA regions
  • Middle East
  • North Africa
  • Global
  • Business
  • Finance
  • Technology
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
No Result
View All Result
PR distribution to media in EMEA
Submit PR
Home Press

Single-use Assemblies Market worth $6.3 billion

admin by admin
January 13, 2022
in Press
Share on FacebookShare on Twitter


(EMAILWIRE.COM, January 06, 2022 ) The growth of the Single-use Assemblies Market can primarily be attributed to the major advantages of single-use technologies as compared to traditional stainless-steel assemblies, such as rapid implementation and the low risk of cross-contamination. The increasing biopharmaceutical R&D expenditure and growing biologics market are also driving the market growth.

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, Biopharma, CMOs, CROs) – Global Forecast to 2026”, published by MarketsandMarkets™, is projected to reach USD 6.3 billion by 2026 from USD 2.2 billion in 2021, at a CAGR of 23.3% during the forecast period.

Recent Developments;

– In 2021, Pall Corporation (US) acquired Pall-Austar Lifesciences (a joint venture established by Pall and Austar Group). This acquisition will expand Pall’s manufacturing capacity to support single-use technology supply chain demand in China and the development of COVID-19 vaccines.

– In 2021, Merck KGaA (Germany) invested ~USD 30 million (EUR 25 million) to add a single-use assembly production unit at its Life Science Center in Molsheim, France. With this expansion, the company is accelerating its European expansion plans for single-use technology used to produce COVID-19 vaccines and other lifesaving therapies.

– In 2020, Thermo Fisher Scientific, Inc. (US) opened a new bioprocessing collaboration center in St. Louis, Missouri. The site is one of the world’s largest producers of biologics using single-use technology. The center combines bio-production and pharma services to accelerate innovation in biologics manufacturing.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46226549

The biopharmaceutical & pharmaceutical companies segment accounted for the largest share of the end user segment in the single-use assemblies market in 2020.

On the basis of end users, the market is segmented into biopharmaceutical & pharmaceutical companies, contract research & manufacturing organizations (CROs & CMOs), and academic & research institutes. In 2020, the biopharmaceutical & pharmaceutical companies segment accounted for the largest share of the single use assemblies market. The demand for biopharmaceuticals among the geriatric population is increasing as the elderly are more prone to diseases/disorders, which are treated using biologics. This has resulted in the increased focus of biopharmaceutical companies on developing affordable biologics at lower costs. As single-use assemblies have wide applications in each stage of the production cycle, their adoption is increasing with the growth in the production of biologics and biosimilars.

The standard solutions segment accounted for the largest share of the solutions segment in the single-use assemblies market in 2020.

Based on solution, the market is segmented into standard solutions and customized solutions. In 2020, the standard solutions segment accounted for the largest share of the market. The adoption of standard solutions is high in the pharmaceutical & biopharmaceutical industries due to the advantages these solutions offer, such as 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.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=46226549

The Asia Pacific region is the fastest-growing region of the single use assemblies market in 2020.

In 2020, the Asia Pacific region accounted for the fasted growing region of the market. This can be attributed to the growing biopharmaceutical market and biopharmaceutical manufacturing capabilities in Asian countries, rising life science research activities, increasing investments by pharmaceutical & biotechnology companies, and the growth of the contract R&D sector.

Prominent players operating in the single-use assemblies market are Thermo Fisher Scientific, Inc. (US), Sartorius Stedim Biotech (France), Danaher Corporation (US), Merck KGaA (Germany), Avantor, Inc. (US), and Saint-Gobain (France).

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=46226549



Source link

Previous Post

Seaweed Cultivation Market – Trends & Scenario (2020–2025)

Next Post

Laparoscopic and Open Hernia Mesh Repair Surgery Market worth 3.53 Billion USD by 2022

RelatedPosts

Metagenomic Sequencing Market: Continuous technological innovations in NGS platforms
Press

Metagenomic Sequencing Market: Continuous technological innovations in NGS platforms

 (EMAILWIRE.COM, March 27, 2023 ) The Growth in the metagenomic sequencing market is mainly driven by continuous technological...

by admin
March 27, 2023
Press

Graphene Nanoplatelets Market expected to grow at a CAGR 37.40 percent of during the forecast period

(EMAILWIRE.COM, March 27, 2023 ) As per the Maximize Market research, a global business and consultancy firm, the...

by admin
March 27, 2023
Press

GPS Tracking Device Market Worth $5.7 Billion in 2028

(EMAILWIRE.COM, March 27, 2023 ) The GPS tracking device market is projected to grow from USD 3.1 billion...

by admin
March 27, 2023
Press

IoT in Healthcare Market Size, Share, Trends, Analysis and Forecast to 2028

(EMAILWIRE.COM, March 27, 2023 ) According to a research report "IoT in Healthcare Market by Component (Medical Device,...

by admin
March 27, 2023
Load More

Advertize

Latest Post

Black Hats are becoming the biggest threats to Nigeria’s budding digital economy

Black Hats are becoming the biggest threats to Nigeria’s budding digital economy

by admin
March 29, 2023

USTR Releases 21st Annual Report to Congress on China’s WTO Compliance, while Biden Administration Releases its 2023 Trade Policy Agenda | Perspectives & Events

USTR Releases 21st Annual Report to Congress on China’s WTO Compliance, while Biden Administration Releases its 2023 Trade Policy Agenda | Perspectives & Events

by admin
March 29, 2023

Middle East airports need $151bn investment by 2040 – Arabian Business

by admin
March 27, 2023

Israeli parliament OKs 2023-24 state budget in preliminary vote

Israeli parliament OKs 2023-24 state budget in preliminary vote

by admin
March 27, 2023

French Refining Is Barely Running as Strikes Enter Week Four

French Refining Is Barely Running as Strikes Enter Week Four

by admin
March 27, 2023

How the U.S. Can Lead on Tech Regulation

How the U.S. Can Lead on Tech Regulation

by admin
March 27, 2023

MENANEWS provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (MENANEWS) Submit press release or contact us today.

Share Us

CATEGORIES

MIDDLE EAST
NORTH AFRICA
GLOBAL
BUSINESS
FINANCE
TECHNOLOGY
PRESS

Subscribe To Our Newslatter

    © 2023 Copyright MENANEWS.CLUB
    No Result
    View All Result
    • Middle East
    • North Africa
    • Global
    • Business
    • Finance
    • Technology
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    © Copyright MenaNews.club™