Global Single-use Bio-processing Systems Market: Companies Need to Focus on Rising Demand for Products Made from Biodegradable Materials
Single-use bio-processing systems chiefly serve as an excellent way of cutting on maintenance costs associated with steel-based bioreactor systems. A significantly reduced risk of contamination due to the elimination of the step of cleaning and improved flexibility of several processes and operations. In a relatively short span, since GE healthcare launched the first single-use bio-processing equipment a decade ago - the wave rocker platform, single-use bioprocessing systems have witnessed a significant rise in acceptance across the global. Presently, the market features a large number of companies operating in the global single-use bioprocessing market, delivering innovative products and equipment at an encouraging pace.
Transparency Market Research (TMR) estimates that the global single-use bio-processing systems market will exhibit a promising 11.1% CAGR over the period between 2016 and 2024, rising from a valuation of US$2.3 bn in 2015 to US$5.9 bn by 2024.
Get Sample Report:
In this blog-post, TMR analysts elucidate some of the market’s key aspects:
What kinds of applications use single-use bio-processing systems?
A variety of applications across a number of industries use single-use bio-processing systems and equipment, including the production of monoclonal antibodies, vaccines, plant cell cultivation, production of enzymes, and patient specific cell therapies. For use across these areas, a large number of product varieties are being manufactured using single-use bio-processing materials, including mixers, filtration devices, bioreactors and fermenters, probes and sensors, and bioprocess containers.
A variety of polymers are used for formulating single-use bio-processing systems. However, the heightening concern of the vast volumes of waste produced due to the use of single-use products in the biopharmaceutical industry is leading to the increased demand for bioprocessing systems made from biodegradable materials. This trend is expected to have a significant impact on the overall future development of the global single-use bio-processing system market in the next few years and an increasing number of companies are expected to try their hands at this highly promising segment.
Which end-use sector is the leading contributor to market revenues?
Single-use bioprocessing systems find usage across industries such as pharmaceutical, biotechnology, contract manufacturing and contract research, and academic research. Of these, the research sector contributes a significant share to the market’s overall revenues. The demand for single-use bioprocessing systems across CROs (contract research organizations) and CMOs (contract manufacturing organizations) is also rising at a significant pace in the global market. These two sectors are expected to emerge as the most promising end-use sectors for single-use bioprocessing systems and the regions witnessing expansion of these sectors will lead to vast growth opportunities for the market.
As such, regions such as North America and Europe will present vast growth opportunities owing to the cutting-edge research and development activities in the field of biologics. The vast rise in number of CROs and CMOs in Asia Pacific will allow the healthy growth of the market in the region over the report’s forecast period.