The global Single Use Bioprocess System Market is bound to witness stupendous growth In Upcoming Years. One of the upcoming trends is that of offbeat thinking being put into practice. Also, the demand regarding automation would rise by over 10% in the subsequent decade. Moreover, with user-generated content creating ripples, the market is bound to blur the gap between one-way communication and constructive feedback to adhere to the end-users mindshare.
Increasing investments toward manufacturing plant expansion and rising emphasis on low-cost disposable bioprocess product development by key market players are other major factors expected to aid market growth. The global single-use bioprocess systems market was valued at US$ 4.4 Bn in 2020, and is expected to exhibit a CAGR of close to 20% over the forecast period (2020 – 2030).
Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/12142
Get A Customized Scope To Match Your Need Ask An Expert – sales@persistencemarketresearch.com
Key Takeaways from Single-use Bioprocess Systems Market Study
- The bioreactor segment by component held maximum value, owing to growing use of single-use bioreactors for cell culture and fermentation processes.
- By application, GMP and commercial production captured a notable revenue share of more than 71%.
- Increasing adoption of single-use bioprocess systems in biopharmaceutical companies is expected to result in remarkable revenue share of this segment.
- North America is a most lucrative market with a revenue of around 34% in 2020; however, it will lose some of its market share over the next ten years.
- Growing healthcare expenditure and increasing demand for low-cost biologics in Asian countries are expected to propel market growth in the region to more than one-third of the global share by 2030.
- The markets in Russia, China, and Spain are anticipated to expand at CAGRs of 16%, 18.4%, and 17%, respectively, through 2030.
“Growing demand for disposable bioprocess systems to improve the manufacturing speed and efficacy of biologics at low cost is expected to flourish market growth and provide a competitive advantage to players,” says a Persistence Market Research analyst.
Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/12142
Expansion of Manufacturing Capacity – Imperative Strategy for Market Players
Key market players in the single-use bioprocess systems market are looking forward to expanding their manufacturing capacities by establishing new bioprocess facilities to meet global demand. Leading companies are also opening new product distribution facilities across regions.
For instance, in June 2017, Parker Hannifin opened a new parker bioscience filtration division in Birtley, the U.K., and Oxnard, California, in the U.S., to deliver international bioprocessing, food and beverage, and healthcare solutions.
Access Full Report @ https://www.persistencemarketresearch.com/checkout/12142
What else is in the report?
Persistence Market Research offers actionable insights and unique perspective on the single-use bioprocess systems market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020–2030, based on component (bioreactors, mixers, bioprocess containers, transfer and storage bags, sampling systems, filtration systems, chromatography columns, probes & sensors, tubing assemblies, connectors & clamps, and filling systems), application (research & development (R&D) and GMP and commercial production), and end user (biopharmaceutical companies, contract research organizations, contract manufacturing organizations, and research institutes), across seven key regions of the world.
Related Reports
Peripherally Inserted Central Catheters Market–Peripherally Inserted Central Catheters Market Segmented Power Injected, Conventional Peripherally Inserted Central Catheter in Single Lumen, Double Lumen, Multi Lumen Design
Diabetic Gastroparesis Market–Diabetic Gastroparesis Market Segmented By drugs, surgical treatment products Product Type with compensated gastroparesis, gastric failure disease indication
About Us :- Persistence Market Research
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th FloorNew York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com