Kenneth Research recently added a report on Single-use Bioprocessing Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Single-use Bioprocessing Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Single-use Bioprocessing Market products.
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The global Single-use BioprocessingMarketwas valued at USD 2.43 billion in 2016 and is projected to reach USD 10.57 billion by 2025, growing at a CAGR of 17.75% from 2017 to 2025.
The bio-therapeutic market has been rapidly diverting towards usage of single-use technologies to reduce risk and improve operational efficiencies. Single-use technologies have turned out as robust and scalable from lab/scale-up to cGMP production applications including, single-use bioprocessing equipment. Due to the provided advantages and properties, the market is expected to grow at a high CAGR.
1. Market Drivers
1.1 Growing Demand for Biopharmaceuticals
1.2 Lower Costs and Lesser Environmental Impact of Single-Use Bioprocessing Technologies
1.3 Faster Implementation and Lower Risk of Product Cross-Contamination
2. Market Restraints
2.1 Issues Related to Leachables and Extractables
1. Global Single-use Bioprocessing Market, by Application:
1.3 Cell Culture
2. Global Single-use Bioprocessing Market, by Product:
2.1 Media Bags and Containers
2.2 Filtration Assemblies
2.3 Disposable/Single-Use Bioreactors
2.4 Disposable Mixers
2.5 Other Products (Tubing, Connectors, and Samplers)
3. Global Single-use Bioprocessing Market, by End User:
3.1 Biopharmaceutical Manufacturers
3.2 Life Science R&D
4. Global Single-use Bioprocessing Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Thermo Fisher Scientific Inc.
2. GE Healthcare
3. Sartorius Stedim Biotech S.A.
4. Merck Millipore
5. Danaher Corporation
6. 3M Company
7. Eppendorf AG
8. Finesse Solutions, Inc.
9. Applikon Biotechnology
10. Cesco Bioengineering C0. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Single-use BioprocessingMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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