Are Biopharmaceuticals Playing a Significant Role in the Single-Use Bioprocessing Systems Market?
According to the latest Arizton's market research report, the global single-use bioprocessing market size to reach over USD 12 billion by 2026, growing at a CAGR of approximately 17% during the forecast period.
Global Single-Use Bioprocessing Systems Market Growth Analysis
The increase in growth and manufacturing of biopharmaceuticals is propelling the demand for single-use bioprocessing systems market. According to the research, single-use bioprocessing systems have less impact on the environment than traditional systems. Hence, these advantages for single-use bioprocessing systems are expected to surge its usage by various biopharmaceutical companies in the market. Biosimilars which are biological copycat medications are expected to play a significant role in the growth of the biopharmaceuticals market. The increasing sales of biologics mainly in the developed countries and growth opportunities in the emerging markets are encouraging the bioprocessing players to utilize single-use systems globally.
What’s Trending in the Market?
- Thermo Fisher Scientific has strengthened its position in the single-use bioprocessing systems market over the past few years with a series of notable acquisitions in the life science industry.
- According to NNE Pharmaplan estimates, there was 30% cost reduction by the installation of single-use technologies in the upstream bioprocessing when compared to traditional systems.
- In the current trends, single-use bioprocessing is already occupied around >80% of biomanufacturing processes.
- Pall Corporation has introduced an innovative Allegro 200L single-use mixer and Merck Millipore has launched 3 single-use products i.e., Pellicon capsule, mixer systems, and Millipak fill filters.
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Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, application, end-user, method, and geography
- Competitive Landscape – 5 Key Company Profiles and 42 Other Prominent Vendors
North America Geography Analysis in the Global Single-Use Bioprocessing Systems Market
North America covers a major share in the global single-use bioprocessing systems market. The key countries covered in North America includes the US and Canada. The rise of biopharmaceutical manufacturing facilities is majorly bringing growth to the single-use bioprocessing market in the region. Growing biologics and biosimilars intake are further boosting the single-use technologies market, where North America especially the US dominating the biopharmaceutical market. The launch of single-use technologies such as Pellicon capsules, Mobius power mixers, and filters by Merck Millipore is increasing its utilization.
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Top Strategies Adopted by the Global Single-Use Bioprocessing Systems Market Players
The global single-use bioprocessing systems market is highly dynamic and offers significant growth opportunities to the players. As the market offers tremendous growth opportunities, new players are expected to enter the market, intensifying the competition among the players. Thermo Fisher Scientific, Sartorius Stedim Biotech, Merck KGaA, Danaher, and Avantor are the key vendors operating in the single-use bioprocessing systems market. The major players are increasing their focus on mergers and acquisitions in the past few years. Players are making huge investments to expand their existing single-use product portfolios to gain traction and expand their presence in the market.
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