Single-Use Bioprocessing Market Size Estimated to Reach $9.07billion by 2025

Single-use Bioprocessing Market size is estimated to reach $9.07billion by 2025, growing at a CAGR of 17.03% during the forecast period 2020-2025. Single-use Bioprocessing refers to the bioprocessing equipment designed to be used once, which is composed primarily of plastic components that have been sealed and sterilized using gamma irradiation. Rapid increase in the adoption of disposable technologies, increase in the demand for biopharmaceuticals, reducing the risk of product cross-contamination, increase in the energy efficiency and less floor space requirement are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.

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By Product Type- Segment Analysis

Based on the Product Type, Media Bags and Containers held the largest share in 2019, owing to the factors such as increase in the adoption in transportation and storage application and critical handling applications in the biopharmaceutical industries. Single-use Bioreactors segment is estimated to be the fastest growing segment during the forecast period 2020-2025. The growth in this segment is owing to the factors such as eliminates validation issues, reduces the risk of cross-contamination and reduces the turnaround time and downtime.

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By End User- Segment Analysis

Based on the End User, Biopharmaceutical Manufacturers segment held the largest share in 2019, owing to the factors such as advancements in technology, availability of external funding, innovations in bioprocessing and increase in the growth of biotechnology. Life Science R&D segment is estimated to be the fastest growing segment owing to the factors such as advancements and innovations in digital health technologies, increase in the number of chronic diseases, increase in the investment by the major companies and increase in the government funding’s and initiatives.

By Geography - Segment Analysis

Based on the Geography, North America held the largest share in 2019. The growth in this segment is owing to the factors such as growing popularity of disposables, presence of large biopharmaceutical manufacturing companies and increase in the research and development activities. Asia-Pacific is estimated to be the fastest growing segment owing to the factors such as technological developments in the bioprocessing systems, increase in the investment by the major companies in the developing nations and increase in the government initiatives.

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Drivers – Single-use Bioprocessing Market

Rapid increase in the demand for single-use technologies.

There is a rapid increase in the demand for single-use technologies especially in bio manufacturing owing to the factors such as eliminating the need for sterilization, improving operational efficiency and reducing the time-to-market for many drugs. This led to enhancement in the growth of Single-use Bioprocessing Market. The reduction in the manufacturing costs is also estimated to enhance the growth of Single-use Bioprocessing Market.

Increase in the demand for biopharmaceuticals and growing demand for flexible bioprocessing equipment.

The increase in the demand for biopharmaceuticals owing to the factors such as increase in the number of chronic diseases and increase in the research and development activities is estimated to enhance the growth of the Single-use Bioprocessing Market. The growing demand for flexible bioprocessing equipment is also estimated to enhance the growth of the Single-use Bioprocessing Market.

Challenges – Single-use Bioprocessing Market

Extractability and leachability issues regarding disposable components and Stringent regulations.

Extractability and leachability issues regarding the disposable components is the major factor which is estimated to reduce the growth of the Single-use Bioprocessing Market. The stringent regulations by the governments owing to environmental concerns is also said to reduce the growth of the Single-use Bioprocessing Market.

Single-use Bioprocessing Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Single-use Bioprocessing Market. Key companies of this market are Danaher Corporation, Thermo Fisher Scientific Inc, 3M Company, Eppendorf AG, Applikon Biotechnology, Merck KGaA, Sartorius Stedim Biotech S.A, Cesco Bioengineering Co Ltd, Finesse Solutions Inc, PBS Biotech Inc among others.

Acquisitions/Product Launches:

In 2019, Finesse Solutions has launched SmartVessel, which is a single-use bioreactor vessel for cell culture applications of mammalian, stem, insect and plant cells.

In 2016, Eppendorf AG has expanded its portfolio of rigid-wall single-use bioprocessing and launched Eppendorf BioBLU 3f in working volumes of 1.25 to 3.75L extending the full range of operation.

Key Takeaways

Geographically, North America Single-use Bioprocessing Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand.

The increase in the adoption of disposable technologies and technological advancements is likely to aid in the market growth of Single-use Bioprocessing Market.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Single-use Bioprocessing Market report.

The increase in the demand for biopharmaceuticals and less floor space requirements are creating higher opportunities for the growth of market for the forecast period 2020-2025.

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B. Biomedical Sensor Market
https://www.industryarc.com/Report/1315/bio-medical-sensor-market.html

For more Lifesciences and Healthcare related reports @ https://www.industryarc.com/Domain/8/lifesciences-healthcare-market-research.html

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