Single-use Bioprocessing Systems Market Key Manufacturers, Development Trends And Competitive Analysis 2024
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The leading players in the market are focusing on the development of new products in order to enhance their market position in the next few years. Some of the leading players in the market are Sartorius AG, Merck KGaA, Thermo Fisher Scientific, GE Healthcare, Saint Gobain, Danaher Corp., Corning, Inc., and Parker Hannifin Corp. In addition, the increasing number of mergers and acquisitions and strategic collaborations are projected to generate promising growth opportunities for the key players in the Asia Pacific single-use bioprocessing systems market.
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According to the research study by Transparency Market Research, in 2015, the Asia Pacific single-use bioprocessing systems market was worth US$0.4 bn and is likely to reach a value of US$1.4 bn by the end of 2024. The market is estimated to register a progressive 12.50% CAGR between 2016 and 2024.
China to Lead Single-use Bioprocessing Systems Market in Asia Pacific
From a geographical perspective, China is expected to lead the Asia Pacific single-use bioprocessing systems market throughout the forecast period. As per the research study, this segment is likely to remain in the leading position in the coming years and is likely to account for a large share in the market. Furthermore, Japan is expected to witness high growth, thanks to the rising demand for prefabricated and for cost effective modular bioprocessing facilities. In addition, the launch of new products and the development of the pharmaceutical industry are projected to accelerate the growth of the single-use bioprocessing systems market in Japan throughout the forecast period.
Biosimilar, Vaccine production, blood plasma products, cell therapy, and several other bio pharma products are some of the major application segments of the single-use bioprocessing systems market in Asia Pacific. Among these, the vaccine production segment is estimated to witness high growth throughout the forecast period. As per the study, this segment is likely to remain in the leading position throughout the forecast period, owing to the rising prevalence of chronic diseases in Asia Pacific
The rising number of applications of single-use bioprocessing systems and the reduced time consumed by sterilize in place and clean in place are some of the major factors that are expected to encourage the growth of the overall market throughout the forecast period. On the other hand, the lack of awareness regarding innovative disposable products and technical difficulties are projected to restrict the growth of the market in the near future. Nonetheless, the requirement of low capital investment and cost effectiveness are likely to offer promising growth opportunities in the coming years.
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This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Single-use Bioprocessing Systems Market (Product – Bioreactors, Mixers, Bags, Bioprocess Containers, Filtration Devices, Tubing, Sampling Systems, Connectors and Clamps, Probes and Sensors; End User – Pharmaceutical, Biotechnology, CRO and CMO, and Academic and Research Institutes; Application – Vaccine Production, Biosimilar Production, Blood Plasma Products, Cell Therapy, and Biopharma Products) – Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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