Global Single Use Consumables Market Size 2024, Forecast To 2033
6 Mar, 2024
The single-use consumables market size has undergone rapid growth, rising from $3.12 billion in 2023 to $3.67 billion in 2024, reflecting a compound annual growth rate (CAGR) of 17.9%. Historical growth is associated with increased outsourcing of manufacturing, medical advancements, adherence to healthcare standards, the rise of a disposable culture, and a growing environmental awareness. Looking ahead to 2028, the market is poised for rapid growth, reaching $7.15 billion at a CAGR of 18.1%. Factors fueling growth in the forecast period include healthcare digitization, global health emergencies, trends in personalized medicine, the increase in home healthcare, and sustainability initiatives. Key trends during this period encompass a focus on infection control, environmental concerns, and sustainable solutions, the rapid integration of technology, and the adoption of remote monitoring technologies.
Global Single Use Consumables Market Key Driver
The anticipated rise in the prevalence of chronic diseases is poised to drive the growth of the single-use consumables market. Chronic diseases, characterized by persistent or long-lasting health conditions lasting three months or more, necessitate ongoing medical attention. Single-use consumables play a crucial role in pharmaceuticals and medical equipment manufacturing used in the treatment of chronic diseases. According to the National Center for Biotechnology Information (NCBI) in January 2023, individuals aged 50 years and above with one or more chronic illnesses are projected to increase by 99.5% by 2050, reaching 142.66 million, up from 71.522 million in 2020. Additionally, the Australian Institute of Health and Welfare (AIHW) reported in July 2022 that approximately 47% or 11.6 million individuals in Australia were estimated to be affected by at least one of the ten chosen chronic ailments in 2020-21. Thus, the rising prevalence of chronic diseases is expected to drive the growth of the single-use consumables market, with market sizes for 2023, 2024, and 2028 being significant indicators.
Get A Free Sample Of The Global Single Use Consumables Market ReportGlobal Single Use Consumables Market Segments
The single use consumables market covered in this report is segmented –
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
By Geography:The regions covered in the single use consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the single use consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global single use consumables market report during the forecast period. The regions covered in the single use consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Single Use Consumables Industry Players
Thermo Fisher Scientific Inc., Sartorius AG, Danaher Corporation, Merck KGaA Darmstadt Germany, Avantor LLC, Meissner Filtration Products Inc., Boehringer Ingelheim International GmbH, Lonza Group AG, Infors AG Bottmingen Switzerland, PBS Biotech Inc., Entegris Inc., Kuhner AG Basel Switzerland, Rentschler Biopharma SE Freiburg Germany, Compagnie de Saint-Gobain S.A., NewAge Industries Inc., Colder Products Company, Repligen Corporation, Corning Incorporated, Hamilton Company, Broadley James Corporation, Pall Corporation, Eppendorf AG, GE Healthcare, Asahi Kasei Corporation, 3M Company, CESCO Bioengineering Co. Ltd., Distek Inc., OmniBRx Technologies LLC, Associates of Cape Cod Inc., Hypertherm Inc.
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Single Use Consumables Market Overview
Single-use consumables are products that are designed to be used only once and then discarded. They are utilized in a variety of sectors, including healthcare and biopharmaceuticals, to produce monoclonal antibodies, mRNA, and bioconjugates.
Single Use Consumables Global Market Report 2023 provides data on the global single use consumables market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The single use consumables market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.