Single Use Consumables Market Report 2027: A Surge to USD 4.7 Billion
The report Single Use Consumables Market is projected to reach USD 4.7 billion by 2027 from USD 2.2 billion in 2022, at a CAGR of 16.6% during the forecast period. Rising adoption of single use bioprocessing over traditional stainless methods is rising the demand for single use consumables across the globe. Additionally, the use of single-use consumables increases the productivity of manufacturing processes due to reductions in the cost and complexity of automation. These factors are expected to propel the market growth in coming years.
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Opportunity: Emerging Countries
The market is witnessing growth in emerging countries such as China, India, South Korea, Singapore, Vietnam, Japan, and Brazil. These markets have huge development potential for providers who are unable to adhere to the strict regulatory standards in the US and EU as they lack appropriate standards and governmental laws. In the Asian region, China and India are the two countries with the highest potential markets for single-use consumables. As of April 2022, Merck and the Administrative Management Committee of Wuxi National High-Tech Industrial Development Zone entered into an agreement to significantly expand Merck’s first Asia Pacific Mobius Single-Use manufacturing center in China. Merck plans to invest USD 110 million over six years by expanding its existing Wuxi production site to significantly increase its biopharma single-use assemblies and custom design capabilities.
Driver: Lower operational cost and increased productivity
Single-use technologies help biopharmaceutical companies increase their productivity. Traditionally, complex steps like the cleaning (CIP) and sterilization (SIP) of products were mandatory to avoid cross-contamination, thus resulting in increased costs for manufacturers. However, with the help of single-use technologies, these steps have been eliminated. One of the major advantages of single-use technologies in pilot and full-scale manufacturing is the direct savings in terms of labor and material costs. Single-use consumables reduce initial investments and R&D costs. Compared to traditional stainless-steel facilities, facilities using single-use systems require 40% lower initial investments. Thus, the lower operational costs and increased productivity are expected to propel the use of single-use consumables such as tubes, connectors, and disconnectors, among other consumables, in the coming years.
Single-use consumables market is competitive in nature, several market players are implementing strategies to sustain market competition. The companies offer various products such as connectors, disconnectors, tubing and others for single use. Prominent players in the global single-use consumables market are Thermo Fisher Scientific, Inc. (US), Sartorius Stedim Biotech (France), Danaher Corporation (US), Merck KGaA (Germany), Avantor Inc. (US), and among others.
Thermo Fisher Scientific, Inc. (US)
Thermo Fisher Scientific is one of the leading providers of medical equipment, analytical instruments, reagents & consumables, software, and services. The company’s focus on launching new and innovative products and technologies to back its existing product portfolio makes it a leading player in this market. The company also focuses on expanding its geographic footprint and increasing its global manufacturing capacity of single-use technologies.
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North America has registered fastest growth rate during the forecast period in single-use consumables market
Geographically, the single-use consumables market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share in the global single-use consumables market in 2021. The large share of North America in the single-use consumables market is largely driven by the presence of key market players and increasing public-private initiatives for research activities. The market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The high growth rate of the APAC region can be attributed to the growing pharmaceutical industry; increasing adoption of emerging markets in single-use consumables-based research; expansion of research infrastructure; and increasing industrial initiatives to boost advanced research in the region.
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