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Single-use Bioprocessing Market is expected to reach USD 7.48 Billion by 2023.

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Single-use Bioprocessing Market is expected to reach USD 7.48 Billion by 2023.

December 12
12:39 2018
These items lower the expenditure associated with the complex bioproduction procedures, such as cleaning, sterilization, and care of the big bioreactors.

Market Overview:

In the year 2018 Global Single-use Bioprocessing Market was valued at USD 3.34 billion. By the year 2023, it is predicted to reach USD 7.48 billion with pace of 17.5% CAGR.

Single-use bioprocessing technologies are used in the development and manufacturing of pharmaceutical products such as vaccines, monoclonal antibodies (mAbs), personalized medicine, and others. These systems reduce the risk of cross contamination, user-friendly, and efficient processing of biologics.

 

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Factors affecting market growth:

  • Increasing adoption of disposable bioprocessing equipment by pharmaceutical manufacturers. (+)
  • Increasing prevalence of chronic diseases across the globe. (+)
  • Rising investments for R&D activities. (+)
  • Advancement of technology in bioprocessing systems. (+)
  • Increasing collaborations between pharmaceutical and biotech industries. (+)
  • Introduction of new products in single-use bioprocessing systems market. (+)
  • Stringent Regulations policies. (-)
  • Causing environmental harm due to high usage of plastic bags. (-)

 

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Market Segmentation

The Global Single-use Bioprocessing Market is segmented on the basis of

Product

  • Media Bags and Containers
  • Filtration Assemblies
  • Single use bio-reactors
  • Disposable Mixers
  • Application
  • Filtration
  • Storage
  • Cell Culture
  • Mixing
  • Purification

End User

  • Research and Development Institutes
  • Biopharmaceutical Manufacturers

The media bags & containers segment is dominated in the global single-use bioprocessing market which is expected to increase market growth during the forecast period. Based on Application filtration segment is rapidly growing due to process development which is expected to increase the single-use bioprocessing market during the forecast period.

Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/single-use-bioprocessing-market-2681/

 

Key players:

Leading companies for the global single-use bioprocessing market Merck Millipore (Merck Group), 3M Company, Eppendorf AG, Finesse Solutions, Inc., Applikon Biotechnology B.V., Cesco Bioengineering Co., Ltd., Thermo Fisher Scientific, Danaher Corporation, GE Healthcare (General Electric Company), and Sartorius Stedim Biotech S.A.

Media Contact
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Contact Person: Abhishek Shukla
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Country: India
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