Global Bioprocess Containers Market was valued $XX Mn in 2019 and is expected to reach $XX Mn by 2026, at a CAGR of 12.5% during forecast period.
Global Bioprocess Containers Market Overview:
Bioprocess containers are flexible containers, which are used for single-use. These containers are widely incorporated for handling sterile liquids, used for vaccine manufacturing and media preparation in the biopharmaceutical industry. Their basic function is to increase the speed of the ongoing biopharmaceutical process and utilized in the storage of sterile fluids.
Global Bioprocess Containers Market Dynamics:
Increasing use of cost effective products is the primary factor driving the market growth.
The rapid increase in the demand for single-use technologies especially in bio manufacturing owing to the factors such as eliminating the need for sterilization, improving operational efficiency, and reducing the manufacturing time for many drugs, propels the market growth. Along with this, a reduction in manufacturing costs is also expected to enhance the market growth. Moreover, sustainability and affordability of single-use bioprocess containers and lower risk of cross-contamination contribute to the market growth. However, the high cost of instruments might act as a restraining factor for the growth of the market. Furthermore, the launch of new drugs in the market is a major opportunity for this market to grow.
The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Bioprocess Containers Market Segment Analysis:
The global Bioprocess Containers Market is segmented don the basis of Type, Application and End-Users.
Based on the Type, the 2D Bioprocess Container segment accounted for the largest market share in 2019. The segment is expected to grow as 2D bioprocess containers are mainly used to speed up the current biopharmaceutical production process and are helpful in storage, fluid management, and media preparation. Also, increasing demand for bioprocess containers in biopharmaceutical industries propel the segment growth.
Based on the Application, the upstream process segment is expected to grow at the highest CAGR during the forecast period. The segment growth is attributed due to their wide use of bioprocess containers, particularly during fermentation, mixing, and culture media processing thus contributing to the growth of the global bioprocess container market.
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Global Bioprocess Containers Market Regional Insights:
North America dominates the global market.
North America is expected to dominate the bioprocess container market throughout the forecast period. This growth is attributed due to the high demand for biopharmaceuticals due to the rise in the geriatric population and advanced health care infrastructure in the United States. Also, due to the presence of leading players focusing on research activities and huge investments in health care by manufacturers based in the United States contributes to its outstanding market growth globally. Europe is expected to hold the second-largest share of the global Bioprocess container market, owing to the rise in the life science R&D companies and manufacturing units of biologics.
Asia Pacific is expected to grow at a highest CAGR during the forecast period.
APAC region is expected to witness lucrative growth owing to the advanced developments taking place in many countries like China, India, and Japan. Increase in R&D activities, better pharmaceutical infrastructure and comparatively cheaper labor costs fuel the market growth. For instance, in May 2017, Merck opened its first joint Bioprocess Scale-Up laboratory in Bengaluru, India with Stelis Biopharma to provide end-to-end solutions for pre-clinical, clinical, and commercial supply indicating huge growth for the market in the region.
The report also helps in understanding Global Bioprocess Containers Market dynamics, structure by analyzing the market segments and project the Global Bioprocess Containers Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bioprocess Containers Market make the report investor’s guide.
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Global Bioprocess Containers Market Scope: Inquire before buying
Global Bioprocess Containers Market, by Region:
• North America
• Europe
• South America
• MEA
• APAC
Global Bioprocess Containers Market, Key Players:
• Thermo Fisher Scientific
• Sartorius
• GE Healthcare
• Merck KGaA
• Danaher Corporation
• Lonza
• Fenner PLC
• Meissner
• Rim Bio
• Fluids Control
• PARKER HANNIFIN CORP
• Neta Scientific Incorporated
• Finesse Solutions, Inc.
• ALLpaQ Packaging Group
• Optimum Processing Inc.
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