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DUBLIN--(BUSINESS WIRE)--Dec 2, 2022--
The "Single-use Bioprocessing Market Size, Share & Trends Analysis Report by Product (Work Equipment, Apparatus & Plants), by Workflow (Upstream, Downstream), by End-use, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global single-use bioprocessing market size is projected to reach USD 79.47 billion by 2030, registering a compound annual growth rate (CAGR) of 16.6% over the forecast period. The demand for single-use bioprocessing offerings is driven by the commercial advantages offered, including a reduction in costs and time required for bioprocessing operations. Originally used for monoclonal antibody production, single-use technologies are also gaining traction for cell and gene therapy manufacturing. As a result, broadening the scope of applications in biomanufacturing operations is likely to drive industry growth.
Furthermore, strategic initiatives from key players are expanding the industry's growth prospects. For instance, in July 2021, Cytiva and Pall Corp. announced investment plans for capacity expansion over two years. Among other key products, more than USD 300 million were invested in single-use technologies, such as bioreactor bags for cell expansion, used to make personalized therapies and syringe filters for scientific research. Similarly, the growing adoption of single-use equipment for in-house and contract manufacturing has opened new avenues for the flow of investments in this space. The industry is witnessing significant advancements in several product portfolios, including disposable probes and sensors, stirring systems, bioreactor designs, and filtration technologies, which are expected to contribute to strong revenue growth.
The benefits offered by single-use bioprocessing systems have enabled biopharmaceutical manufacturers to offer their products faster to the market by introducing multi-product facilities, entering into partnerships, or outsourcing pipeline products for contract development and manufacturing. For instance, in January 2021, Sartorius AG partnered with RoosterBio, a leading supplier of human Mesenchymal Stem/Stromal Cells (hMSC). This collaboration aimed at advancing cell & gene therapy manufacturing by leveraging the single-use manufacturing technologies from Sartorius AG. The COVID-19 pandemic has generated new growth opportunities for key stakeholders in the industry.
Key biopharmaceutical players can leverage the opportunity by expanding their COVID-19-related product offerings by scaling up their production facilities with the implementation of single-use bioprocessing equipment. A significant number of biopharmaceutical companies are actively involved in the development and production of COVID-19 vaccines. These programs are majorly based on single-use technologies as these systems are flexible, cost-effective, and reduce the risk of cross-contamination. Such an ongoing and continuous increase in the adoption of bioprocessing systems due to the COVID-19 pandemic is anticipated to drive industry growth.
Market Dynamics
Market Drivers
Market Restraints
Market Challenges
Market Opportunities
Single-use Bioprocessing Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, & Scope
Chapter 4 Product Business Analysis
Chapter 5 Workflow Business Analysis
Chapter 6 End-Use Business Analysis
Chapter 7 Regional Business Analysis
Chapter 8 Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/gk7epq
View source version on businesswire.com:https://www.businesswire.com/news/home/20221202005130/en/
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/02/2022 04:31 AM/DISC: 12/02/2022 04:32 AM
http://www.businesswire.com/news/home/20221202005130/en