The Asia Pacific Single-use Bioprocessing Market was worth USD 605 million in 2016 and estimated to be growing at a CAGR of 17.8%, to reach USD 1.37 billion by 2021.
The market is showing huge growth potential in the forecasting period and is predicted to grow in the years that follow.
Single-use bioprocessing technology is a growing technology which involves manufacturing disposable bioprocessing products and accessories for making biopharmaceutical products. Bioprocess involves the utilization of living cells or their components such as enzymes, bacteria, and others for the preferred products.
The major motive behind the use of single-use bioprocessing technique in the bioprocess is to decrease the expenditure on complicated steps such as cleaning, sterilization, and maintaining steel-based bioreactor systems.
Full report at: www.marketdataforecast.com/market-…sing-market-2689/
Improving R & D activities, growing popularity of disposable biopharmaceuticals, high spending ability of the region, increasing skill base and technological development in the bioprocessing systems is driving the growth of Asia Pacific single-use bio-processing systems market. However, possible environmental and economic hazards as well as government restrictions are the major factors restricting the growth of the single use bioprocessing market.
The Asia Pacific 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 Asia Pacific market is segmented into China, India, Japan and South Korea. Emerging economies like India and China have high growth potential because of growing skill base and developing technology.
Thus, the Single-use Bioprocessing market is expected to show high growth in these areas.
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.
Category: Market Research Publishers and RetailersCompany about: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. A few key business areas that we handle with excellence include business process improvement, corporate financing and decision making based on market research, assisting in developing appropriate strategy and providing consultancy based on extens ...
For more information:Make an Inquiry about this report HERE!