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Single-Use Bioprocess System Market Growth to be Affected by Consolidation of Leading Vendors
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The advantages associated with the device includes reusable device, low operational cost and minimal or no risk of cross contamination. Single-use bioprocess system provides various economic advantages over fixed stainless-steel system. Flexibility of Single-use bioprocess system allows companies to assemble and store devices as per the need. This technology is used throughout the process of biopharmaceuticals production, starting from buffer or media preparation to culturing of vaccines in bioreactor to storage and shipping of biologics.
Rising demand for disposables in biopharmaceuticals procedures, rising prevalence of disease requiring for developed drugs for their management and treatment and improved research infrastructure of life science is expected to grow the market. Single-use bioprocess system includes various products.
Some of major products related to these are manifold assemblies, single-use bioreactors, containers and bags, support containers and mixers. These product reduce the cost related to cleaning and sterilization. Increasing stringent regulations on usage of plastic based disposables is expected to be one of the common restrains for this market. Lack of awareness towards innovative products of bioprocess is also expected to hinder the growth of Single-use bioprocess system market.
Global market for Single-use bioprocess system is expected to grow at healthy growth rates owing to growing incidence of various chronic disorders such as neurological and cardiovascular disorders. Other prominent factors fueling the increasing penetration of Single-use bioprocess system includes ease of implants with enhanced clinical performance, strong reimbursements, greater patient awareness and referrals and improved technology enabling market leadership.
The technology proves to be cost effective when compared to alternative therapies with minimal complications. Additionally, reduced medication dosage with minimal side effects Dyskinesia, improved motor symptoms for comparatively longer period of time are some of the other factors that have largely contributed towards higher market growth of Single-use bioprocess system over the forecasted period.
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In terms of geography North America accounts for the largest market share in global Single-use bioprocess system market followed by Europe. Favorable policies and sophisticated healthcare infrastructure with increasing FDA approvals is expected to drive the growing need of Single-use bioprocess system in the near future. Asia Pacific represents the fastest growth market for Single-use bioprocess system owing to growing number of manufacturers.
Some of the key players in global Single-use bioprocess system market includes Thermo Fisher Scientific, GE Healthcare, Pall Corporation, Sartorius Stedim Biotech S.A., Merck KGaA, Broadley-James Ltd., Eppendorf AG, Parker Hannifin Corporation, Saint-Gobain Corporation, Tarpon Biosystems Inc., STI Components Inc., Cellexus Ltd., and others.
These players are entering into strategic collaborations, mergers & acquisitions, and product portfolio expansions, which are their key sustainability strategies to maintain their profit margins in the long run. Also many startup companies’ have entered in this lucrative market space to capitalize over the opportunities present in Single-use bioprocess system market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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