According to a new report, published by KBV research, The Global Single-use Filtration Assemblies Market size is expected to reach $8.1 billion by 2028, rising at a market growth of 17.8% CAGR during the forecast period.
The Pharmaceuticals Manufacturing segment is showcasing a CAGR of 18% during (2022 - 2028). Many pharmaceutical companies are considering pre-sterilized, single-use, plastic equipment systems as a substitute to stainless steel lines in an effort to cut costs, accelerate time to market, and comply with regulatory standards. Single-use equipment eliminates the need for capital expenditures and the period of time needed to develop processes to validate cleaning and sterilization.
The Membrane Filtration segment acquired maximum revenue share in the Global Single-use Filtration Assemblies Market by Type in 2021 thereby, achieving a market value of $3.9 billion by 2028. This expansion can be attributed to various industries' growing acceptance of filtration systems. The key players are constantly investing in developing membrane filtration to improve bioprocessing downstream. It is developed to overcome the limitation and can be used for R&D, GMP manufacturing on a large scale, and process development. These developments have increased membrane filtration's high usage rate and the segment's growth.
The Membranes segment has shown the growth rate of 17.5% during (2022 - 2028). Disposable membrane chromatographic technologies have been widely utilized in protein purification processes to separate target proteins from process-related contaminants in recent years. The advantages of this technology include reduced capital expenditures, increased process flexibility, and eradicated cleaning validation expenses. Furthermore, disposable engineering allows facilities to produce various goods in a single plant without the risk of cross-contamination between batches.
The North America market dominated the Global Single-use Filtration Assemblies Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3 billion by 2028. The Europe market is exhibiting a CAGR of 17.3% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 18.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/single-use-filtration-assemblies-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company, Sartorius AG, Repligen Corporation, Merck Millipore (Merck Group), Danaher Corporation, Thermo Fisher Scientific, Inc., Meissner Filtration Products, Inc., Cellab CDMO, Medela AG, and DrM, Dr. Mueller AG
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