According to the latest report published by Credence Research, Inc. “Single-Use Bio-Processing Systems Market – (Application Type – R&D Support Bio-processing Systems and GMP Single-use Bio-processing Systems): Market Growth, Future Prospects and Competitive Analysis, 2016-2023,” the market was valued at USD 1,946.7 Mn in 2015, and is expected to reach USD 19,059.3 Mn by 2023, expanding at a CAGR of 33.0% from 2016 to 2022.
Browse the full report Single-Use Bio-Processing Systems Market - Growth, Future Prospects and Competitive Analysis, 2016-2022 at http://www.credenceresearch.com/report/single-use-bio-processing-systems-market
Market Insights
The Global Single-use Bio-processing Systems market is expected to witness significant growth during the forecast period primarily by the growing demand and cost- effective features of these single-use systems, which are mostly used in R&D applications. The essential bio-processing systems used in R&D applications are disposable bioreactors, mixers, containers, tubing, connectors, sampling systems, purification devices and columns, and probes/sensors. The overall market has also undergone a paradigm shift owing to the growing usage of GMP single-use systems and the increasing outsourcing activities to the developing nations. North America held the largest regional market, accounting for the market share of over 35% in 2015, and is expected to dominate the global single-user bio-processing systems market during the forecast period of 2016 to 2022. The prime factors driving the market are adoption of cost-cutting practices by biopharmaceutical companies. and the increasing prevalence of diseases leading to the procurement of biologics and biopharmaceuticals. Asia Pacific is expected at a highest rate during the forecast period increasing adoption of single-use bio-processing systems, the rise in healthcare spending, and the increase in outsourcing activities by biopharmaceutical vendors based in the developed region.
Based on application type, The R&D Support Single-use Systems held the largest share in the global single-use bio-processing systems market. The market is driven primarily by the growing demand and cost-effective features of these single-use systems, which are mostly used in R&D applications. The GMP single-use systems are expected to grow at the highest growth rate as the GMP single-use systems are employed by biopharmaceutical companies and other bio-manufacturing companies for reorienting their business and manufacturing processes.
The key players in the global single-use bio-processing systems market are GE Healthcare, Merck, Sartorius, Thermo Fisher Scientific, Broadley-James, Cellexus, Eppendorf, Finesse Solutions, Pall, Parker Hannifin, Saint-Gobain and others.
Browse the full report at http://www.credenceresearch.com/report/single-use-bio-processing-systems-market
Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Methodology
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Methodology
Chapter 2 Executive Summary
2.1 Global Single-Use Bio-Processing Systems Market Portaiture
2.2 Global Single-Use Bio-Processing Systems Market, by Application, 2015 (USD Mn)
2.3 Single-Use Bio-Processing Systems Market Share, by Geography, 2015 (Value %)
2.1 Global Single-Use Bio-Processing Systems Market Portaiture
2.2 Global Single-Use Bio-Processing Systems Market, by Application, 2015 (USD Mn)
2.3 Single-Use Bio-Processing Systems Market Share, by Geography, 2015 (Value %)
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