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Increasing Adoption of Single-use Bioprocessing Systems Market- By Top Key Players are Compagnie de Saint-Gobain S.A., Thermo Fisher Scientific Inc., Applikon Biotechnology BV, Parker-Hannifin Corporation, Sartorius AG

04-12-2019 09:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Single-use Bioprocessing Systems

Single-use Bioprocessing Systems

For instance, in April 2018, Saint-Gobain acquired the pharmaceutical business of Micro Hydraulics to strengthen its high performance material portfolio with the addition of single-use fluid handling components and systems. In August 2016, Saint-Gobain acquired Twin Bay Medical, which has added flexible tube retainers and single-use component portfolio of Twin Bay Medical into Saint-Gobain’s portfolio. In February 2015, Thermo Fisher Scientific acquired Advanced Scientifics, Inc., the provider of single-use technologies for customized bioprocessing solutions for deal value of US$ 300 million in cash.

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Single-use bioprocessing systems are increasingly adopted by biopharmaceutical industry owing to their increased efficiency, low cost investment, and low maintenance, with significant time savings during bioprocessing process. For instance, according to the Office for National Statistics(ONS): 2014 Business Enterprise Research and Development data findings, in 2013, the pharmaceutical industry in U.K. accounted for 22% of all research and development (R&D) expenditure, investing around US$ 6.76 billion.

According to The International Trade Administration (ITA), the U.S. accounted for the largest market for biopharmaceutical sector, accounting for 17% of all domestic research and development (R&D) funded by U.S. private organizations, with added an estimated US$ 1.2 trillion in economic output in 2014. Furthermore, according to the 14th Annual report and Survey of Biopharmaceutical Manufacturing report: 2017, biopharmaceutical industry exhibit an overall consistent 14-15% industry growth.

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Furthermore, strategic collaborations, agreement, and partnership among various key players in the market are driving the growth of single-use bioprocessing systems market. For instance, in April 2018, Pall Corporation made a strategic collaboration between its Biotech business unit and Artesyn Biosolutions. According to the collaboration, both the companies will deliver complete solutions from clinical to commercial-scale for single-use automated bioprocessing systems. In April 2017, Applikon Biotechnology partnered with Sanyo Trading Scientific Instruments.

According to the partnership, Applikon and Sanyo will showcase Applikon products to potential customers in Japan. Moreover, in August 2016, General Electric Company made an exclusive agreement with Sealed Air Corporation. The agreement allows GE and Sealed Air to develop new primary film, which will be suitable for use in GE’s several single-use product portfolio. In June 2012, Applikon Biotechnology BV signed a bilateral supply agreement with Thermo Fisher Scientific Inc. According to the agreement, Thermo Fisher and Applikon have developed a single-use bioreactor.

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Key players operating in single-use bioprocessing systems market include Compagnie de Saint-Gobain S.A., Thermo Fisher Scientific Inc., Applikon Biotechnology BV, Parker-Hannifin Corporation, Sartorius AG, Eppendorf AG, Danaher Corporation, Merck KGaA, and General Electric Company.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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