Latest Single Use Bioprocessing Market Growth Study 2022-2026 By The Business Research Company
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The single use bioprocessing market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 18%, as per The Business Research Company’s market report!
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The Single Use Bioprocessing Market Size In 2022 And Forecast
The global single use bioprocessing market is expected to grow from $15.25 billion in 2021 to $18.22 billion in 2022 at a compound annual growth rate (CAGR) of 19.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The single-use bioprocessing market is expected to grow to $35.21 billion in 2026 at a CAGR of 17.9%.
Single-use bioprocessing refers to bioprocessing equipment designed to be used only once and then discarded.
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Increase In Demand For Biopharmaceuticals Is Driving The Growth Of The Single Use Bioprocessing Market
For instance, according to a report by the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based pharmaceutical trade association, 2020, biopharmaceutical production in Europe reached $315.8 billion in 2020, up from $298.7 billion in 2019. Therefore, the increasing demand for biopharmaceuticals is driving the growth of the single-use bioprocessing market.
Competitive Landscape And The Regional Analysis Of The Single Use Bioprocessing Market
Major players in the single use bioprocessing market are GE Healthcare, Eppendorf AG, Corning Incorporated, Thermo Fisher Scientific Inc., Sartorius AG, JM BioConnect, Merck KGaA, Pall Corporation, Kuhner AG, PBS Biotech Inc, Entegris Inc., Distek Inc., ABEC Inc., Able Corporation and Biott Corporation, Solida Biotech GmbH, OmniBRx Biotechnologies Pvt Ltd., Satake Chemical Equipment Mfg. Ltd., Stobbe Pharma GmbH, Celltainer Biotech BV, and Cellexus.
Additionally, as per TBRC’s research – North America was the largest region in the single use bioprocessing market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Single Use Bioprocessing Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the single use bioprocessing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the single use bioprocessing market.
Technological Advancement – A Key Trend In The Single Use Bioprocessing Market
Major companies operating in the single-use bioprocessing market are introducing new technologies to sustain their position.
Single Use Bioprocessing Market Segmentation By The Business Research Company
1) By Product: Single-Use Media Bags And Containers, Single-Use Assemblies, Single-Use Bioreactors, Disposable Mixers, Other Products.
2) By Workflow: Upstream, Fermentation, Downstream
3) By Application: Filtration, Storage, Cell Culture, Mixing, Purification
4) By End User: Biopharmaceutical And Pharmaceutical companies, Contract Research Organizations And Contract Manufacturing Organizations (CROs and CMOs), Academic and Research institutes
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