In terms of geography, North America dominates the global single-use technologies market. This is due to improved biopharmaceutical industry in the region. Moreover, increased awareness about therapeutic applications of biotherapeutics has also fueled the market in North America. The U.S. represents the largest market for single-use technologies in North America, followed by Canada. In Europe, Germany, France, and the U.K. hold major shares of the single-use technologies market. The single-use technologies market in Asia too, is expected to experience high growth rate over the next five years. This is due to improving Life Sciences arena in the region. Furthermore, increased foreign investment in this field is also supporting the growth of the single-use technologies market in the region. India, China, and Japan are expected to be the fastest growing markets for single-use technologies in Asia.
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Rising awareness about therapeutic applications of biotherapeutics is a key driver for the global single-use technologies market. Also, increasing demand of biologics and advancements in medical technology are fuelling the growth of this market. Low manufacturing and maintenance costs of single-use products and instruments attract end-users to adopt this technology in bioproduction. Increasing research on cell biology and stem cell is propelling the demand for single-use products.
Moreover, drug pricing control is forcing large and emerging biotech companies to change their overall approach in development and production of bioproducts. This is leading to rise in demand for improved process optimization and more efficient operations such as single-use technologies and bioengineering. This is creating growth opportunities for single use-use technologies market.
However, stringent regulations imposed by various governments hamper the growth of global single-use technologies market. Increasing number of mergers and acquisitions of biotech and pharmaceutical companies and rapid product launches are key trends in the global single-use technologies market.
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The major companies operating in this market are Thermo Fisher Scientific Inc, Applikon Biotechnology B.V., GE Healthcare, Pall Corporation, NewAge Industries, Inc., Saint-Gobain S.A., BioPure Technology Limited, Sartorius AG, RENOLIT, Novasep, W. L. Gore & Associates, Inc., EMD Millipore, and Dow Corning Corporation.
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