The report " Single-use Bioprocessing " Market by Product (single-use media bags and containers, single-use assemblies, single-use bioreactors, disposable mixers, and other products), Applications (Filtration, Mixing, Purification, Storage, cell culture), End Users (Biopharmaceutical & Pharmaceutical companies, Contract Research Organizations and contract manufacturing organizations (CROs & CMOs), Academic & Research institutes) & Region (North America, Europe, Asia Pacific, and Rest of the world)- Global Forecast to 2030. "The Global Single-use Bioprocessing Market share was USD 12.8 Billion in 2020. The market is forecasted to reach USD 56 Billion by 2030, representing a CAGR of 15.86% throughout the forecasted period.
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KEY FACTORS THAT ARE CONTINUOUSLY AUGMENTING THE MARKET GROWTH
The worldwide market is expected to be driven by increasing demand for biopharmaceuticals.
By Product, Single-use media bags and containers held the highest share in 2020
Based on Products, Single-use media bags and containers will hold the largest market share in 2020. The market for single-use media bags is being driven by the increased usage of single-use bags in bio manufacturing processes. In addition, single-use bioprocessing systems have become more popular in biopharmaceutical applications due to advantages such as lesser capital investment, lower operational costs, and a smaller environmental imprint.
By Applications, the "Filtration" accounted for the maximum share of the market in 2020
Based on Applications, The Filtration held the largest market share in 2020. As a critical method for manufacturing physical goods such as vaccines, monoclonal antibodies, and others, it is expected to dominate the industry.
By End Users, the “Biopharmaceutical and pharmaceutical companies " accounted for the maximum share of the market in 2020
Based on End users, the biopharmaceutical and pharmaceutical companies held the largest market share in 2020. As a critical method for manufacturing physical goods such as vaccines, monoclonal antibodies, and others, it is expected to dominate the industry. In addition, monoclonal antibodies and tailored pharmaceuticals are expected to dominate the market due to the rising implementation of these systems for improved production of vaccines.
By Region, the "North America" accounted for the maximum share of the market in 2020
Based on Region, North America significantly accounted for the largest share In 2020. In North America, the growing need for biopharmaceuticals is a primary driver of the single-use bioprocessing industry. In addition, the expanding elderly population is driving up demand for biopharmaceuticals. The adoption of single-use bioprocessing is fuelled by the rising demand for biopharmaceuticals and the benefits of single-use bioprocessing.
SOME OF THE NOTABLE PLAYERS ARE PREVAILING IN THE MARKET.
Some of the leading players in the Single-Use Bioprocessing Market include Sartorius Stedim Biotech S.A. (France), Danaher Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), and Merck KGaA (Germany).
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