Bioprocess Bags Market Propelled by Shifting Preference from Conventional Biotech Devices to Single-use Technology Devices: Fact.MR

Leaders in the chemical industry need to take a paradigm shift from traditional business practices and adapt to digitization. While digital advances have face-lifted each industrial domain, the chemicals industry is still reluctant to completely adapt to the new transformational technology-driven landscape.

Click HERE to Get Synopsis of the Report- https://www.factmr.com/report/3926/bioprocess-bags-market

Attributed to the economic and operational benefits of bioprocess bags, they have been widely adopted in the biopharmaceutical sector for various bioprocessing applications. This positive scenario is projected to continue, as currently, over three-fourth biotech companies use some kind of single-use technology devices, and are set to increase consumption over the years.

Owing to increased demand, bioprocess bags currently account for nearly one-third of the global single-use technology devices market. Use of bioprocess bags reduces leak points and chances of contamination, making them an ideal choice over conventional stainless steel containers. These advantages are poised to fuel the growth of the bioprocess bags market, which is slated to close in on a market valuation US$ 3 Bn by 2030-end.

“The coronavirus outbreak and failure of conventional pharmaceutical drugs have resulted in huge investments in biotech industries, which will create huge demand for bioprocess bags till the mid-term forecast period,” says a Fact.MR analyst.

Bioprocess Bags Market: Segmentation

Fact.MR has segmented the bioprocess bags market on the basis of type, capacity, application, end-use industry, and region.

For detailed insights on enhancing your product footprint, request for a sample here- https://www.factmr.com/connectus/sample?flag=S&rep_id=3926

Type

Capacity

Application

End-use Industry

Region

2D

Small

Buffer & Media Storage

Biotechnology

North America

3D

Medium

Cell Culture

Pharmaceuticals

Latin America

Large

Cell Separation & Harvest

Europe

Extra Large

Chromatography Feed & Collection

East Asia

Ultrafiltration & Diafiltration

South Asia & Oceania

Intermediate & Final Product Hold

Middle East & Africa

Others

“This Table of Contents prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=3926

Key Takeaways from Bioprocess Bags Market Study

On the basis of type, 2D bioprocess bags have remained the preferred choice in global bioprocess bags market, and generated a market value worth US$ 880 Mn in 2019.

In response to increasing demand for biopharmaceuticals, biotech companies are scaling up their production capacities, which will drive demand for 3D bioprocess bags.

Small- and medium-sized bioprocess bags account for a leading share in the global bioprocess bags market, and are set to generate an absolute $ opportunity worth US$ 1.1 Bn by 2030.

On the basis of application, the chromatography feed & collection segment is poised to expand at a leading growth rate of 10% over the forecast period.

Attributed to the range of bioprocessing applications, the biotechnology end-use industry accounted for over three-fourth of global consumption in 2019.

The United States is projected to remain a leading consumer of bioprocess bags during the forecast period, surpassing a market valuation worth US$ 1.2 Bn by 2030.

For in-depth competitive analysis, buy now- https://www.factmr.com/checkout/3926/S

Targeted Acquisition Strategies by Players to Fuel Market Growth

Players in the bioprocess bags market space have been strategically focusing on high potential bioprocess bags, and in response, they have invested millions of dollars in acquiring companies across different geographical regions. Under their targeted strategy, prominent players have acquired numerous competitors to strengthen their market position.

For instance, Sartorius AG acquired selected assets of the life science business of Danaher Corporation in 2020, to enhance its position in the global biopharma market.

In 2019, ThermoFisher strategically acquired two companies - API manufacturing company named Glaxo-Smith-Kline, and Brammer Bio, a viral vector manufacturer.
Such strategies will assist stakeholders to progress in the global bioprocess bags market over the forecast period.

For More Insights: http://www.globenewswire.com/en/news-release/2020/03/20/2004083/0/en/Sales-of-Soil-Stabilization-Materials-to-Expand-at-6-CAGR-Through-2027-China-to-Reign-Supremacy-Says-a-New-Fact-MR-Study.html

More Valuable Insights on Bioprocess Bags Market

Fact.MR, in its new offering, presents an unbiased analysis of the global bioprocess bags market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the bioprocess bags market on the basis of type (2D and 3D), capacity (small, medium, large, and extra-large), application (buffer & media storage, cell culture, cell separation & harvest, chromatography feed & collection, ultrafiltration & diafiltration, intermediate & final product hold, and others) and end-use industry (biotechnology and pharmaceuticals), across six major regions.

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com
Research Insight: https://www.factmr.com/report/3926/bioprocess-bags-market
Content Source: https://www.factmr.com/media-release/1696/global-bioprocess-bags-market

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.
We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.