Single-use Bioprocessing Systems Market is Expected to Rake in Revenues Worth US$5.9 bn by 2024

Single-use Bioprocessing Systems Market: Customizability as per Consumer Requirements Key Feature Driving Adoption, reports TMR

As per the profound analysis performed by the expert researchers at Transparency Market Research (TMR), the global single-use bioprocessing systems market is prognosticated to leapfrog at a decent CAGR of 11.1% between 2016 and 2024. The global market had raked in an impressive US$2.3 bn in 2015 and is expected to keep coining it while maintaining the same pace to reach US$5.9 bn by the concluding year of the forecast period.

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The Global Single-use Bioprocessing Systems Market is segmented on the basis of expression system, product type,by Geography, application, end user and region.

When it comes to single-use products, it is of utmost importance to customers that the use product in question be customized as per their requirements. “Single-use bags, bioreactors, and bioprocess containers are all amenable to customer-specific customization requests depending upon the application,” the TMR analyst states. This lends flexibility to the consumer, which is not always possible with capital equipment such as stainless steel bioprocess containers. This acts as a major growth driver.

Other factors driving the single-use bioprocessing systems market include an overall reduction in cost, a reduction in clean-in-place (CIP) and steam-in-place (SIP) processes, minimized chances of cross-contamination, various technological advancements and innovations, and a growth in the production of monoclonal antibodies.

In contrast, various technical difficulties, environmental concerns regarding the use of disposables, and continued preference for stainless steel products over single-use technologies have been limiting the growth of the market.

Geographically, Europe was the leading market in 2015, accounting for a share of 29%. The region is likely to lose market share by 2024 but will continue its dominance throughout the forecast period. Registering a CAGR of 12.3%, Asia Pacific is projected to emerge as one of the fastest growing regions in the global single-use bioprocessing systems market.

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1. Preface
2. Assumptions and Research Methodology
3. Executive Summary: Global Single-use Bioprocessing Systems Market
4. Market Overview
5. Global Single-use Bioprocessing Systems Market Analysis and Forecast, by Product
6. Global Single-use Bioprocessing Systems Market Analysis and Forecast, by Application
7. Global Single-use Bioprocessing Systems Market Analysis and Forecast, by End-user
8. Global Single-use Bioprocessing Systems Market Analysis and Forecast, by Region
9. North America Single-use Bioprocessing Systems Market Analysis and Forecast
10. Single-use Bioprocessing Systems Market: Regional Snippets
11. Competition Landscape

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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