Single-use Bioprocessing Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Market Research Reports Search Engine (MRRSE) announces the addition of a new report to its repository, titled “Single-use Bioprocessing Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.” The report is a comprehensive analysis of the market in its current scenario, and based on several factors that are expected to influence it, the report presents figurative estimations until 2024. According to the Transparency Market Research (TMR), the global single-use bioprocessing systems market will have an opportunity of US$5.9 bn by 2024, rising at a strong CAGR of 11.1% during the forecast period of 2016 to 2024.

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The report observes that bioprocessing is an integral part of biopharmaceutical development and production. As these processes function under high probabilities of contaminations, single-use bio-processing is gaining popularity. Biomanufacturing facilities have now moved beyond stainless steel equipment to hybrid setup, which involves single-use technologies. Single-use bags, bioprocess containers, and bioreactors are all responsive to customer-specific customization requests depending upon the application, which is the primary driver in the global single-use bioprocessing systems market. Moreover, reduction in cost, minimized chances of cross-contamination, and reduction in clean-in-place (CIP) and steam-in-place (SIP) process are other factors augmenting the demand for single-use bioprocessing systems. Further, the substantial growth in the production of monoclonal antibodies is also expected to positively reflect on this market during the forecast period.

Conversely, the requirement of esteemed technology, environmental concerns pertaining to the use of disposables, and continued preference for stainless steel products are some of the factors that are curtailing the growth from reaching its full profitability.

The TMR report segments the global single-use bioprocessing systems market in terms of product, end-user, application, and geography. By product, the market has been divided into bioreactors and fermenters, mixers, bags, bioprocess containers, filtration devices, tubing, sampling systems, connectors and clamps, and probes and sensors. Currently, bioprocessing bags account for the maximum shares. By end-user, the market is categorized into pharmaceutical, biotechnology, CRO and CMO, and academic and research institutes. By application, the market is divided into monoclonal antibody production, vaccine production, plant cell cultivation, patient specific cell therapies, and others including production of enzymes. The report adjudges monoclonal antibody production segment as most lucrative, and the pattern is expected to continue during the forecast period.

Geographically, the report studies the lucrativeness of the regions of North America, Europe, Latin America, and the Middle East and Africa. Europe served the maximum demand in 2015, accounting for nearly 29% of the market. However, the region is projected by the TMR report to lose shares against Asia Pacific, which is estimated for the most robust growth rate.

Browse Full Report with TOC:http://www.mrrse.com/single-use-bio-processing-systems-market

The global single-use bioprocessing systems market is highly consolidated in nature with five companies accounting for 92.2% of the shares in 2015. These five companies are Thermo Fisher Scientific, Merck KGaA, Satorius AG, Pall Corporation, and GE Healthcare. Some of the other prominent names are Eppendorf AG, PBS Biotech, Inc., Finesse Solutions, Meissner Filtration Products, Sentinel Process Solutions, and Saint-Gobain.

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This release was published on openPR.