Press release
Single-Use Bioprocessing Market to Reach USD 13.54 Billion by 2032 with 12.5% CAGR.
Single-Use Bioprocessing Market
The biopharmaceutical industry is expanding rapidly due to the increasing prevalence of chronic diseases, an aging population, and the rising demand for personalized medicine. Single-use bioprocessing systems offer several advantages over conventional stainless-steel systems, such as lower capital and operating costs, faster product development, and fewer cleaning and sterilization processes. The adoption of single-use bioprocessing systems in the biopharmaceutical industry is growing due to these benefits.
The flexibility and agility offered by single-use bioprocessing systems are the primary drivers of market revenue growth. These systems are highly adaptable, easy to scale up or down, and meet the changing needs of the biopharmaceutical manufacturing industry. Additionally, single-use bioprocessing systems enable faster turnaround times, reduce the risk of product contamination, and simplify regulatory compliance. The market revenue growth is also driven by an increase in partnerships and collaborations between suppliers of single-use bioprocessing systems and biopharmaceutical companies, with a focus on developing systems tailored to the specific requirements of biopharmaceutical producers.
However, the lack of industry standardization and concerns about the reliability and consistency of single-use bioprocessing systems are major obstacles to market revenue growth. Additionally, the high cost of single-use bioprocessing systems and the shortage of qualified personnel to operate them are impeding market growth.
Overall, the rising demand for biopharmaceuticals, the need for flexibility and agility in biopharmaceutical manufacturing, and the growing number of partnerships and collaborations between biopharmaceutical companies and single-use bioprocessing system suppliers are all expected to contribute to the revenue growth of the global single-use bioprocessing market during the forecast period.
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Some of the major companies in the global Acupuncture Needles Market are:
• Thermo Fisher Scientific Inc.
• Sartorius AG
• Merck KGaA.
• Danaher Corporation.
• GE Healthcare.
Segments Covered in the Report -
The global single-use bioprocessing market has been analyzed and segmented by Reports and Data based on product, application, and region. The report covers historical data and provides revenue growth forecasts from 2019 to 2032 for each segment, as well as an analysis of market trends.
Based on product, the global single-use bioprocessing market has been segmented into Media Bags and Containers, Filtration Assemblies, Disposable Bioreactors, and Others. The revenue generated by each of these product segments from 2019 to 2032 has been provided in USD Billion.
The application segment of the market has been categorized into Biopharmaceutical Production, Contract Manufacturing Organizations, Academic Research, and Others. The revenue generated by each of these application segments from 2019 to 2032 has also been provided in USD Billion.
The report also provides a regional outlook of the global single-use bioprocessing market, which has been divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The revenue generated by each of these regions from 2019 to 2032 has been provided in USD Billion.
The North America region has been further segmented into the United States, Canada, and Mexico. Similarly, the Europe region has been divided into Germany, the United Kingdom, France, Italy, Spain, Sweden, BENELUX, and the rest of Europe. The Asia-Pacific region has been divided into China, India, Japan, South Korea, and the rest of APAC. Lastly, the Middle East & Africa region has been segmented into Saudi Arabia, the United Arab Emirates, South Africa, Israel, and the rest of MEA.
The report provides a comprehensive analysis of the global single-use bioprocessing market by analyzing each of the segments mentioned above. It also examines market trends and provides revenue growth forecasts for the market as a whole and for each segment individually from 2019 to 2032.
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Strategic development:
Several major acquisitions took place in the life sciences industry in recent years. Thermo Fisher Scientific Inc. acquired PPD in 2021, which was aimed at expanding the company's presence in the life sciences industry and enhancing its capabilities in clinical research. In the same year, Sartorius AG acquired the chromatography process equipment division of Novasep to expand its product portfolio in the bioprocessing market and strengthen its position in the global biopharmaceutical industry. Similarly, Merck KGaA acquired AmpTec GmbH in 2020, a leading provider of RNA and DNA reagents, to enhance its capabilities in the bioprocessing market and expand its product portfolio in the gene therapy and vaccine production sectors. Finally, Danaher Corporation acquired the biopharma business of General Electric (GE) Life Sciences in 2020 to expand its presence in the bioprocessing market and strengthen its position in the global biopharmaceutical industry.
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