How Single-use Filtration Assemblies Incredible Future In Upcoming Time?
Posted by NickyArora on April 30th, 2020
The global single-use filtration assemblies market size is expected to reach USD 7.0 billion by 2026 and is projected to exhibit a CAGR of 11.2%, according to a new report by Grand View Research, Inc. The market is significantly driven by the expansion of the biotherapeutics industry and budget constraints faced by small to medium-sized end users. At present, single-use technology has become a cost-saving strategy for contract manufacturers, thus most of the CMOs are inclined toward the use of disposable filter cartridges and tubing systems.
The robustness of venture capital investments is one of the important supportive factors for market growth. Increase in availability of venture funds for life science fields is anticipated to spur the adoption of disposable filtering units among research laboratories and biopharmaceutical developers.
Companies are engaged in revolutionizing single-use filtration assemblies using pre-assembled devices, which can reduce the usage of sterile connection and tubing. In addition, it reduces integrity testing time. Such solutions are being employed even for large-scale filtering processes.
Further key findings from the report suggest:
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
Grand View Research, Inc.
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San Francisco, CA 94105
Toll Free: 1-888-202-9519
Email: email@example.comAlso See: Filtration Assemblies, View Research, Grand View, Assemblies Market, Single, Research, Filtration
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