Pharmaceutical Industry News
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Jan 26th, 2023
Jan 26th, 2023
New data from Persistence Market Research, a full-service market intelligence firm, has found that ‘single-use’ products are growing in popularity – a trend which looks set to continue into the next decade.
In its ‘Single-Use Technologies for the Biologic Market: Global Industry Analysis and Forecast 2015 to 2021’, PMR found that due to the reduced risk of contamination provided during development and production in the biopharmaceutical industry, single-use products have revolutionised the field of bioproduction.
Following increased awareness of biotherapeutics, and growing demand for biologics and advancements in medical technology, the global single-use technologies market is booming.
Led by the USA, Canada, Germany, France and the UK, who all hold major shares of the single-use technologies market, Asia too is expected to experience high growth rates over the next five years due to demand in India, China and Japan.
Made from a variety of plastics (including polyamide, polyethylene, polycarbonate, polyethersulfone, polypropylene, polyvinyl chloride, polytetrafluorethylene, cellulose acetate, and ethylene vinyl acetate), single-use technologies are helping biotech businesses to reduce manufacturing and maintenance costs, while shifting the industry’s approach to the development and production of bioproducts.
To find out more, download the full report here: