Dublin, March 13, 2024 (GLOBE NEWSWIRE) -- The "Global Single-use Filtration Assemblies Market Analysis & Forecast to 2024-2034" report has been added to ResearchAndMarkets.com's offering.
According to analysis, the global single-use filtration assemblies market, which was estimated at USD 3.54 billion in 2023, is forecasted to expand significantly to reach USD 23.38 billion by 2034. This remarkable growth, characterized by a compound annual growth rate (CAGR) of 18.72% during the period 2024 to 2034, is driven by burgeoning demand in the biopharmaceutical sector, enhanced interest in personalized therapies, and the rise of flexible and scalable solutions to meet the industry's evolving requirements.
The comprehensive analysis highlights the vital role that single-use filtration assemblies are playing in mitigating cross-contamination risks and accelerating the manufacturing process across biopharmaceutical ventures. Technological advancements, including the advent of reinforced hose and welding applications for operational efficiency, are triggering a cascade of new product launches within this burgeoning field.
In the segment by type, membrane filtration has emerged as a dominant force, owing to its pivotal role in the advancement of filtration system technologies and the Tangential Flow Filtration (TFF) method. Meanwhile, depth filtration is forecast to register the fastest CAGR, attributed to its superior performance credentials such as exceptional throughput and minimal protein binding capabilities.
Within the product category, filters commanded the largest revenue share, connecting their prevalence to the ever-increasing pivot towards single-use technology and automated filtration methods. Closely following this trend, cassettes are projected to experience the speediest growth rate, benefiting from the shift towards single-use variants that promise efficiency at both lower and larger production scales.
Considering applications, the bioprocessing and biopharmaceutical sector dominated in revenue generation, driven by considerable R&D funding and a steady stream of product innovations. Additionally, the laboratory usage segment is anticipated to witness the highest CAGR, echoing the surge in vaccine production and the introduction of cutting-edge devices.
From a regional perspective, North America remains poised to hold the highest share in the market following robust healthcare infrastructure, a strong presence of market leaders, and a series of strategic new product introductions. Conversely, the Asia Pacific region is expected to lead in terms of growth rate, spurred by burgeoning demand for biopharmaceuticals, increasing R&D activities, and proactive governmental support for the biopharmaceutical industry.
The market analysis further delineates a detailed segmentation of the single-use filtration assemblies market:
- Market Analysis & Forecast by Type 2023-2034 (Revenue USD Billion)
- Market Analysis & Forecast by Product 2023-2034 (Revenue USD Billion)
- Market Analysis & Forecast by Application 2023-2034 (Revenue USD Billion)
- Market Analysis & Forecast by Region 2023-2034 (Revenue USD Billion)
The thorough dissection of these quadrants underscores the industry's trajectory towards innovative solutions, aimed at not just meeting current standards but exceeding them to facilitate future-proof biopharmaceutical production. This is more than just a snapshot of current trends; it's a roadmap for investments, strategic planning, and the technological pivots necessary to thrive in the dynamic single-use filtration assemblies landscape.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023-2034 |
| Estimated Market Value (USD) in 2023 | $3.54 Billion |
| Forecasted Market Value (USD) by 2034 | $23.38 Billion |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Global |
Companies Mentioned
- Repligen Corporation
- 3M Purification
- Cellab
- Merck Millipore
- Medela
- Thermo Fisher Scientific Inc.
- Sartorius AG
- Danaher
- MEISSNER FILTRATION PRODUCTS Inc.
- Alfa Laval
For more information about this report visit https://www.researchandmarkets.com/r/4iinol
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
