GLOBAL SINGLE USE ASSEMBLIES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Regional Analysis

Global Single Use Assemblies Market- Regional Insights

• North America is expected to be the largest market for single-use assemblies during the forecast period, accounting for over 35.7% of the market share in 2023. North America currently dominates the global single-use assemblies market owing to strong presence of pharmaceutical and biotechnology industries in the region. Countries like the U.S. and Canada have some of the largest pharmaceutical companies in the world with robust research and development infrastructure. These companies have been early adopters of single-use assemblies as these help to reduce infrastructure and equipment costs significantly. Additionally, favorable regulatory environment in the region promotes the use of technologies that enhance efficiency and flexibility of bio manufacturing operations, thus, boosting demand for single-use
• Asia Pacific is expected to be the second-largest market for single-use assemblies, accounting for over 25.2% of the market share in 2023. The Asia Pacific region is poised to be the fastest growing market for single-use assemblies over the next five years. Rapid expansion of domestic biopharmaceutical industries in countries like China, India, Japan and South Korea is the major factor accelerating market growth. These countries currently contribute over 60% of the global biologics production. Rising incomes have led to increased healthcare spending, providing impetus to development of local biosimilars industry. Presence of skilled workforce at competitive costs is attracting biopharma investments into the region from multinationals seeking to expand manufacturing capabilities. As local companies ramp up their capabilities to cater to domestic as well as international markets, adoption rates of single-use technologies is expected to surge considerably. Moreover, Asia Pacific governments are offering incentives to promote healthcare innovations and establish world-class biomanufacturing hubs, which will strengthen the regional supply chain network and further augment market opportunities.
• Europe is expected to be the fastest-growing market for single-use assemblies, with a share of 19% during the forecast period. The growth of the market in Europe is attributed to increasing product launch by market players in the region.