Global Single Use Consumables Market
Medical Equipment

5 Takeaways From The Single Use Consumables Market Overview 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Single Use Consumables Global Market Report 2024, the single use consumables market is expected to show promising growth in the forecast period.

The single-use consumables market has experienced significant expansion in recent years, with notable projections for the future. The market size is poised to escalate from $3.12 billion in 2023 to $3.67 billion in 2024, marking a substantial Compound Annual Growth Rate (CAGR) of 17.9%. Looking ahead, the market is forecasted to reach $7.15 billion by 2028, boasting a CAGR of 18.1%.

Drivers of Growth

  • Increased outsourcing of manufacturing
  • Medical advancements and healthcare standards
  • Rise of disposable culture
  • Environmental awareness

Factors Influencing Future Growth

  • Healthcare digitization
  • Global health emergencies
  • Personalized medicine trends
  • Rise in home healthcare
  • Sustainability initiatives

Emerging Trends

  • Focus on infection control
  • Environmental concerns & sustainable solutions
  • Rapid technological integration
  • Remote monitoring technologies

View More On The Single Use Consumables Market Report 2024 –

Surging Chronic Disease Rates Fuel Expansion Of Single-Use Consumables Market

The prevalence of chronic diseases is a significant driver of growth in the single-use consumables market. Chronic diseases, characterized by persistent or long-lasting effects, necessitate ongoing medical attention. The rise in chronic illnesses is remarkable, with statistics indicating a substantial increase in affected individuals by 2050.

Innovative Aseptic Connectors Propel Growth In Single-Use Consumables Market

Product innovation is a key trend shaping the single-use consumables market. Companies are focusing on developing innovative products to strengthen their market position. For example, Colder Products Company launched industry-first aseptic connectors, enhancing efficiency in critical applications within the biopharmaceutical industry.

Avantor Expands Bioproduction Capabilities With Acquisition Of Masterflex Bioprocessing Business From Antylia Scientific

In September 2021, Avantor acquired Masterflex bioprocessing business, aiming to bolster its bioproduction product line. This strategic move enables Avantor to support vaccine and therapy manufacturing, including for COVID-19.

Market Segmentation

The single-use consumables market is segmented based on products, applications, and end-users:

  1. By Products:Connectors, Valves, Adaptors, Tubing, Disconnectors, Sensors, Disposable Capsule Filter
  2. By Application:Sampling, Cell Culture And Mixing, Storage, Filtration, Other Applications
  3. By End-User:Biopharmaceutical And Pharmaceutical Companies, Original Equipment Manufacturers (OEMs), Contract Research Organizations And Contract Manufacturing Organizations, Academic And Research Institutes

Regional Insights

  • North America led the single-use consumables market in 2023.
  • Asia-Pacific is anticipated to witness the fastest growth during the forecast period.

The single-use consumables market exhibits promising prospects driven by evolving healthcare dynamics and technological innovations. With a focus on sustainability and addressing healthcare challenges, the market is poised to witness sustained growth in the foreseeable future. As industry players continue to innovate and adapt, the single-use consumables sector remains a vital component of modern healthcare infrastructure, facilitating efficient and safe medical practices worldwide.

Request A Sample Of The Global Single Use Consumables Market Report 2024: