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Bioprocessing Market Key Vendors, Topographical Regions And Industry Segments By 2025

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Geeta Desai
Bioprocessing Market Key Vendors, Topographical Regions And Industry Segments By 2025

The global bioprocessing market size is expected to grow at a CAGR of 13.9% over the forecast period 2019 to 2026 as there has been major rise in applications such as biopharmaceuticals, tissue engineering, bio-arrays and bio-technology. It is also anticipated that the market will witness trends such as manufacturer emphasis on producing bio-based products such as chemical feedstock, pharmaceuticals and speciality chemicals. Price fluctuation in the petroleum sector is highly observed as a major trend driving the demand for bio-based products.

Single-use technology (SUT) for bioprocessing emerges as a novel technique for biopharmaceutical production due to increase in use of disposable equipment. Generally, under this umbrella term, products are mainly intended for single-use and are made from plastic, polycarbonate, polyethersulfone, polyvinyl chloride and cellulose acetate. Over the past decades, various SUT applications are available in the market pertaining to biopharmaceutical development under a constant production process. For instance, the market witnessed major developments in line with production of Wave bioreactor 20 in the past decade.

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SUT offers a wide variety of products within different suppliers. Also, the products under SUT can be segmented as everyday use, lab-use, basic operation systems and peripheral systems. In addition, SUT technologies are now getting into the mainstream with commercial manufacturing facilities, which enable the manufacturers to lower carbon footprints by 25% due to the reduced need for utilities that produce water, steam and pharma solutions. Therefore, biomanufacturers tend to be in a position to implement single-use technology owing to the critical needs served by bioprocessing applications.

Read More @ https://www.marketwatch.com/press-release/bioprocessing-market-set-to-register-robust-cagr-of-139-from-2019-2026-2019-11-28

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Geeta Desai
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