The Europe Single-use Filtration Assemblies Market would witness market growth of 17.3% CAGR during the forecast period (2022-2028).
The market is expanding significantly due to rising biopharmaceutical company spending on research & development. As long as biopharmaceutical businesses continue to include these components in their manufacturing processes, the large R&D expenditure is anticipated to fuel market expansion. Smaller batch sizes, growth in the need for individualized therapeutics, and the requirement for adaptable and scalable solutions are some drivers driving the use of single-use technologies in the pharmaceutical business.
Single-use filtering systems offer high adaptability and versatility, making it simple and quick to change to meet changing needs. Single-use filtering systems are projected to rise in popularity because of their affordability and versatility. In addition, the market is expanding as a result of an increase in market participant activity and a rise in the use of different business tactics like collaborations, product launches, and acquisitions. Large single-use technology manufacturing facilities are being established by numerous corporations with the dual goals of facilitating faster drug delivery to patients and expediting the creation of single-use technology products.
Italy's biotech industry has flourished in recent years due to the quality of its academic and industrial research and the value of its generated technologies and products. In 2018, 641 Italian biotech businesses were in operation. The turnover increased by 16% between 2014 and 2018, reaching over $13.6 billion, while spending in R&D reached $2 billion. In Italy, biotechnology is among the industries with the highest level of innovation. All these elements are predicted to contribute to the growth of the regional single-use filtration assemblies market.
The Germany market dominated the Europe Single-use Filtration Assemblies Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $540.6 million by 2028. The UK market is anticipated to grow at a CAGR of 16.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 18.2% during (2022 - 2028).
Based on Application, the market is segmented into Bioprocessing/Biopharmaceuticals, Pharmaceuticals Manufacturing and Laboratory Use. Based on Type, the market is segmented into Membrane Filtration, Depth Filtration, Centrifugation and Others. Based on Membrane Filtration Type, the market is segmented into Tangential Flow Filtration (TFF) and Others. Based on Product, the market is segmented into Filters, Membranes, Cassettes, Cartridges, Manifold, Syringes and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Single-use Filtration Assemblies Market is Projected to reach USD 8.1 Billion by 2028, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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