Report ID: SQMIG35I2263
Report ID:
SQMIG35I2263 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
91 |
Figures:
76
Global Single Use Bioprocessing Market size was valued at USD 13.50 billion in 2022 and is poised to grow from USD 15.46 billion in 2023 to USD 45.67 billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).
Increasing popularity of single use technology due to the reduction in capital cost and facility construction time coupled with the rising prevalence of disposables in the bioprocessing industry are the major factors expected to drive the global single use bioprocessing market over the forecast period. In addition, rising adoption of disposables among various manufacturing organizations and increasing number of innovations of new and advanced devices are also projected to contribute significantly to the growth of the market. For instance, in May 2022, ILC Dover LP announced the launch of its liquid single-use bioprocessing bags for supplying sterile liquids. It will help the company to expand its product offerings in the single use bioprocessing global market.
Furthermore, an extensive growing number of vendors and suppliers offering robust disposables and other types of biopharmaceutical commercials is another key factor likely to boost the growth and demand for single use bioprocessing market over the forecast period. Moreover, introduction of innovative and new automation in the bioprocessing industry couple with the development of big data analytics is anticipated to have a positive impact on the global market over the coming years.
US Single Use Bioprocessing Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35I2263