According to the latest report published by Credence Research, Inc. “Single-Use Bio-Processing Systems 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
The purpose of the report is to illustrate the state of the market of Single-Use Bio-Processing Systems, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2016, and also, to build a forecast for the growth of the industry in the medium term until 2022.
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.
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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.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Single-Use Bio-Processing Systems buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Single-Use Bio-Processing Systems contains:
Analysis and forecast of Single-Use Bio-Processing Systems market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Single-Use Bio-Processing Systems market;
Assessment and forecast of Single-Use Bio-Processing Systems market development;
Financial and business profiles of the leading companies in the Single-Use Bio-Processing Systems industry.
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– Up to date working Single-Use Bio-Processing Systems data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Single-Use Bio-Processing Systems for the period 2018 to 2026
– Planned Single-Use Bio-Processing Systems additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Single-Use Bio-Processing Systems projects by region, key countries, and companies
– Details of major planned Single-Use Bio-Processing Systems projects in the world up to 2026
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