The Global Single-use Bio-processing Market was worth USD 2.42 billion in 2016 and estimated to be growing at a CAGR of 17.5%, to reach USD 5.42 Billion by 2021.
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The market is showcasing substantial; potential in future years and is expected to continue its growth.
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Single-use bioprocessing technology is majorly utilized in the manufacturing of biopharmaceuticals. The technique is used throughout the complete process of biopharmaceutical production, right from buffer and media preparation to shipping of biologics.
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These items lower the expenditure associated with the complex bio production procedures, such as cleaning, sterilization, and care of the big bioreactors.
Increasing popularity of disposables in biopharmaceutical manufacturing, rising instances of chronic diseases leading to the need of biological treatment, affordable disposable products and instruments, and developing life science research infrastructure drive the growth of global single-use bioprocessing systems market. Moreover, advancement in technology of bioprocessing systems is also fuelling the growth of global single-use bio-processing systems market.
Growing numbers of joint ventures and acquisitions and quick launches of new products are the major trends of this global single-use bioprocessing systems market. However, extractability problems about disposing off plastic bags, and possible environmental harm are the factors that are restricting the growth of the single use Bioprocessing Market.
The Global Single-use Bioprocessing Market is broadly categorized on the basis of Product into Media Bags and Containers, Filtration assemblies, Single-use Bioreactors, Disposable Mixers and Others. The media bags and containers segment holds the largest share of the single-use Bioprocessing Market as of 2016 owing to the growing adoption of media bags and containers in transportation and storage application.
Based on Application, the market is segmented as Filtration, Storage, Cell Culture, Mixing and Purification, wherein the filtration segment leads the market due to growing popularity of single-use tangential flow filters, depth filters, and chromatography columns in the process development. Further, by End User the market is classified into Research and Development Institutes and Biopharmaceutical manufacturers.
On the basis of region the global market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East and Africa. North America is predicted to hold the largest share of the single-use Bioprocessing Market, followed by Europe.
North America and Europe are projected to show double-digit growth rates during the forecast period. However, Asia-Pacific will grow at the highest CAGR, because of big investment opportunities especially in China, India, Australia, and New Zealand.
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The major players dominating the Single-use Bioprocessing Market are Thermo Fisher Scientific, Danaher Corporation, GE Healthcare (General Electric Company), Sartorius Stedim Biotech S.A, Merck Millipore (Merck Group), 3M Company, Eppendorf AG, Finesse Solutions, Inc., Applikon Biotechnology B.V., and Cesco Bioengineering Co., Ltd.
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