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Australia Single-use Bioprocessing Systems Market Research on Present State & Future Growth Prospects to 2028
Growing acceptance of single-use technologies in manufacturing processes and technological advancements drives the single-use bioprocessing systems marketAbility of customers to make changes and order single-use product as per their own customization also drives the single-use bioprocessing systems market. Bioreactors and single-use bags and containers are all open to customer specific requirements, depending on type of application.
Number of therapeutic antibody candidates in phase 3 clinical development in the U.S. has risen to over 50 in the past five years, almost double of what it was back then. Single-use technologies are being rapidly adopted in these application areas. Hence, growth in monoclonal antibody production and vaccine production is anticipated to drive the single-use bioprocessing systems market.
Original Source: https://www.transparencymarketresearch.com/single-use-bio-processing-systems-market.html
Global increase in ageing population is also major factor for increase in growth of single-use bioprocessing systems market. According to the 2016s research findings by the World Health Organization (WHO), people aged 60 and above will approximately reach 2.5 billion by end of 2050. The aging population is more prone to diseases such as hypertension, chronic kidney diseases diabetes, cardiovascular diseases, and cancer as they have less immunity. Such factors are likely to drive the growth of single-use bioprocessing systems market
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Market Segmentation: Global Single-use
Bioprocessing Systems Market
Based on product, the global single-use bioprocessing systems market has been divided into bioreactors & fermenters, mixers, bags, bioprocess containers, filtration devices, tubing, sampling systems, connectors & clamps, and probes & sensors
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In terms of application, the global single-use bioprocessing systems market has been classified into monoclonal antibody production, vaccine production, plant cell cultivation, patient specific cell therapies, and others
In terms of end-user, the global single-use bioprocessing systems market has been categorized into pharmaceutical companies, biotechnology companies, CROs & CMOs, and academic & research institutes
Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The report provides current and future revenue (US$ Mn) for each of these segments from 2018 to 2028, considering 2019 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2020 to 2028 along with market size estimations.
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Geographic Overview: Global Single-use Bioprocessing Systems Market
In terms of region, the global single-use bioprocessing systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Regions have been divided into major countries and sub-regions.
The current and future market values in terms of revenue (US$ Mn) of these regional markets and their major countries have been provided in the report from 2018 to 2028, with their CAGRs from 2020 to 2028
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The study also offers a list of recommendations, highlights, and useful insights of the market which would help new companies willing to enter the market and existing companies to increase market shares, and help in the decision-making process.
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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
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