Single Use Bioprocessing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Single Use Bioprocessing Market: Overview
The single use bioprocessing market is driven by an increased requirement for the reduction of water wastage and a growing need for biopharmaceuticals and energy efficiency. In addition, the threat of cross-contamination and equipment floor space needs are also bolstering demand in the single use bioprocessing industry.
However, the single use bioprocessing market may experience some restrictions due to leaching and extractability issues related to disposable components. Furthermore, the growing economic and environmental issues are also serving as key factors to curtail growth in the single use bioprocessing industry.
The sudden outbreak of the COVID-19 pandemic has brought tremendous changes in the market scenario. Various pharmaceutical companies are working for the development of vaccines to boost immunity. The single use systems and equipment will be helping these manufacturing units if the vaccination trials succeed. Novel approaches are used to lead the vaccine programs. These approaches include vectors, DNA vaccine, as well as mRNA. These systems are majorly developed on single use systems. These single use systems are economical and flexible. These factors further boost opportunities in the single use bioprocessing market.
Single Use Bioprocessing Market: Key Trends
There is a rapid increase in the count of the geriatric population. These people are more sensitive to chronic diseases and conditions, and it further creates opportunities in the single use bioprocessing market. The companies from single use bioprocessing industry are giving preference to single use bioprocessing systems. These systems are helpful to improve the efficiency of systems. In addition, this bioprocessing system may reduce the costs that are associated with complex steps such as maintenance, sterilization, and cleaning of bioreactor systems that are based on steel.
The single use bioprocessing techniques are widely used for biopharmaceutical applications such as separation, storage, upstream expression, purification, mixing, and filtration. The growing requirement of biopharmaceuticals is further bolstering demand in the single use bioprocessing industry.
The single use bioprocessing market is experiencing some growth obstacles in the form of extractable and leachable. The primary reason associated with these two products is that they are established. There is a lack of specific regulations and guidelines that may contaminate the usage of single use bioprocessing systems. These factors may curtail the growth opportunities in the single use bioprocessing market.
Single Use Bioprocessing Market: Competitive Dynamics and Key Developments
Among other countries in the Asia Pacific region, China holds a prominent position in the single use bioprocessing market. India comes next to China in terms of its position in the single use bioprocessing industry. The hold of the Asia Pacific region in the single use bioprocessing segment is possible with the presence of a skilled workforce, growing trend of service outsourcing, rising geriatric population, increasing private investment, and favorable government support. These factors are creating lucrative opportunities for the market players in the single use bioprocessing segment.
The increasing rate of investment in the infrastructure of bio-manufacturing is also a key factor that boosts demand in the single use bioprocessing industry. For example, Thermo Fisher Scientific has announced to invest USD 600 million in March 2021. This investment is for the expansion of the company’s bioprocessing capabilities.
Some of the key players in the single use bioprocessing market include:
Single Use Bioprocessing Market: Regional Assessment
Single use bioprocessing market is broadly segmented into five regions that include – Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Among these, the North American market holds the major share in the single use bioprocessing industry. There is a rapid increase in the senior population. These elderly people require biopharmaceuticals. Further, the increasing benefits of single use bioprocessing, for example, fast implementation, reduced installation cost, less floor space requirement, low water usage, and high energy efficiency are also helping to bolster demand in the single use bioprocessing market.
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