According to the report published by Allied Market Research, the global single-use bioprocessing market garnered $2.80 billion in 2016 and is expected to reach $9.34 billion by 2023, thereby growing at a significant CAGR of 18.7% during the forecast period, 2017 to 2023.
The report is an in-depth analysis of the single-use bioprocessing market. It enables the interested business owners and individuals to understand the market trends and growth opportunities in the space and devise strategies for business growth. It offers an overview of the drivers, restraints, and opportunities influencing the industry and discusses the market size and share, segmentation, and technology trends that prevail. Information about the key players operating in the market are also discussed.
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The report elaborately analyzes the drivers, restraints, and opportunities of the global single-use bioprocessing market. Increase in demand for single-use technologies in biomanufacturing, rise in the adoption of single-use technologies (SUT) for continuous manufacturing, lower risk of cross-contamination and reduced manufacturing costs, and increasing demand for flexible bioprocessing equipment and less floor space requirements are the factors that drive the growth of the market. However, concerns regarding extractability and leachability issues and stringent regulations regarding the use of disposable bioprocessing systems hinder the growth of the industry. Conversely, untapped developing regions create growth opportunities for the market.
The report emphasizes on the various segments of the global single-use bioprocessing market. The market is segmented into product, application, method, end user, and geography. Based on product, the market is divided into bioreactors, tangential-flow filtration devices, depth filters, disposable filter cartridges, media bags & containers, mixing systems, tubing assemblies, sampling systems, and others. The application segment is classified into monoclonal antibody production, vaccine production, plant cell cultivation, patient specific cell therapies, and others. The method segment is classified into filtration, storage, cell culture, mixing, and purification. The end user segment is bifurcated into biopharmaceutical manufacturers, life science R&D companies & academic research institutes, and contract research organizations & manufacturers. The geographical analysis of the market covers the regions such as North America, Europe, Asia-Pacific, and LAMEA. The regions under North America are U.S., Canada, and Mexico. Europe covers regions such as Germany, France, Italy, UK, Spain, and rest of Europe. The market study for Asia-Pacific includes Japan, China, Australia, India, and rest of the region. LAMEA covers Brazil, Turkey, Argentina, South Africa, and rest of LAMEA.
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The key players in the global single-use bioprocessing market are expanding the scope of their business operations in the developing countries by including innovative products in their product portfolios. The report includes a detailed competitive analysis of the major market players, such as Thermo Fisher Scientific, Danaher Corporation, GE Healthcare (General Electric Company), Sartorius Stedim Biotech S.A, Merck Millipore (Merck Group), 3M Company, Eppendorf AG, Finesse Solutions, Inc., Applikon Biotechnology B.V., and Cesco Bioengineering Co., Ltd.
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