(I-BusinessNews.Com, August 26, 2021 ) Single-Use Filtration Assemblies Market size is forecast to reach $2.3 billion by 2026, growing at a CAGR of 15.9% during the forecast period 2021-2026. Single - use filtration assemblies are used as an alternative to the traditional stainless steel systems owing to the fact that they eradicate the chances of contamination by associated validation protocols and conducting sterilization steps. Each system is made using reinforced hose and welding applications requirements. The preference for single use filtration assembly has increased with the increase in the emphasis on maintaining a sterile condition. Single-use filtration assemblies are used by various biopharmaceutical companies for final and bulk fill operations. Increasing demands for biopharmaceuticals, faster implementation, and rising life sciences are the major factors driving the growth of the market. Increasing research & development activities and low risk of cross contamination is set to further enhance the overall market development of the Single-Use Filtration Assemblies Market for the period 2021-2026.
Single-Use Filtration Assemblies Market Segment Analysis – By Product
Membrane Filtration held the largest share in the Single-Use Filtration Assemblies Market in 2020 and is estimated to grow at a CAGR 16.4% during the forecast period 2021-2026. Membrane Filtration damages the sensitive biotherapeutics by recirculating the solution. Major Key players are actively investing in advancing the use of membrane filtration to enhance the downstream bioprocessing. It is designed to address the limitation and can be employed for R&D, large scale GMP manufacturing, and process development. This advancements had increased the high usage rate of membrane filtration and contributes to the large revenue shares. Membrane filtration lacks capacity which increases the waste generation and fuel costs. Centrifuge in single use bioprocessing operations is been replaced by many key players by investing in the development of the solutions. Membrane Filtration segment is estimated to register the higher CAGR over the period 2021-2026.
Single-Use Filtration Assemblies Market Segment Analysis – By Product
Biomanufacturing held the largest share in the Single-Use Filtration Assemblies Market in 2020 and is estimated to grow at a CAGR 15.2% during the forecast period 2021-2026. This is attributed to the perpetual expansion of contract manufacturers and contract biomanufacturing arena. Manufacturers of the biopharma are engaged in boosting their revenue through new capacity expansion projects and new facilities on the virtue of the single use filtration technology. The demand for filtration is increasing owing to the surety that operators do not come in contact with cytotoxic fluids, cleaning solutions, or buffers with extreme pH and thus, it provides economic benefits along with safety and time to market advantages. Filtration are estimated to register the higher CAGR over the period 2021-2026.
Single-Use Filtration Assemblies Market Segment Analysis – By Geography
North America dominated the Single-Use Filtration Assemblies Market with a major share of 37.3% in 2020. This is attributed to the presence of well-established biopharmaceutical industry and low risk of contamination. Low implementation costs, increasing adoption in biopharmaceutical companies, and increasing research & development is set to increase the growth of Single-Use Filtration Assemblies Market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the lower labour and operating costs. Increasing usage of biotherapeutics over chemical entities is also increasing the growth of the market in this region.
Increasing Adoption of Disposable Filtering Units Among Biopharmaceuticals Developers
Increasing adoption of disposable filtering units among biopharmaceuticals developers is increasing the growth of the Single-Use Filtration Assemblies Market. This is owing to the fact that single use filtration assemblies are generally sterile and implemented to replace the traditional pharmaceutical processing item to recycle, in house sterilization, and for cleaning. It involves multiple unit operations for downstream as well as upstream production purification. Single use filtration assembly manufacturing is now possible owing to the technical advances which are continually evolving. Thus, increasing the growth of the Single- Use Filtration Assemblies Market during the forecast period 2021-2026.
Technological advancements is increasing the growth of the Single-Use Filtration Assemblies Market. Technological advancements has enabled the manufacturers to develop Single-Use Filtration Assemblies forms that contains an ingestible flow sensors inside it. Increasing advancements in single-use filtration assemblies has provided an opportunity to biomanufacturers. The majority of technological advancements were oriented towards the manufacturing of aseptically filled products. Thus, increasing the growth of the Single-Use Filtration Assemblies Market during the forecast period 2021-2026.
Some of the factors that are set to impede the growth of the Single-Use Filtration Assemblies Market are issues related to reachable and extractives. Lack of compensation policy, and high initial investment is also set to hinder the growth of the market.
Single-Use Filtration Assemblies Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Single-Use Filtration Assemblies Market. In 2020, the Single-Use Filtration Assemblies Market share is consolidated by the top ten players present in the market. The Single-Use Filtration Assemblies Market, top 10 companies are Danaher, GE Healthcare, Thermo Fisher Scientific, Sartorius Stedim Biotech, and Merck Millipore among others.
North America dominated the Single-Use Filtration Assemblies Market in 2020 owing to the increasing usage of biotherapeutics and increasing healthcare infrastructure. The Single-Use Filtration Assemblies Market scope for different regions will be provided in the final report.
The robustness of venture capital investments and increasing availability of venture funds for life sciences along with the adoption of disposable filtering units among biopharmaceuticals developers are likely to aid the market growth of the Single-Use Filtration Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Single-Use Filtration Assemblies Market report.
Issues related to reachable and extractives is poised to create the hurdles for the Single –Use Filtration Assemblies Market.
For more Lifesciences and Healthcare related reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: