Global Single-use Bioprocessing Sensors & Probes Market Outlook to 2024: CAGR to Grow at 14% - ResearchAndMarkets.com
Aug. 22, 2018
DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The "Single-use Bioprocessing Sensors and Probes Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global single-use bioprocessing sensors and probes market to grow with a CAGR of 14% over the forecast period of 2018-2024.
The use of single-use technology (SUT) to meet the drug shortage worldwide is likely to drive the growth of the market.
To meet the clinical trial timelines and sustaining losses biopharmaceutical companies are facing challenges which can be solved by switching to SUTs. The companies that has implemented and switched to a single-use system benefited with improved production efficiency, lower costs, and reduced overall contamination rates.
Furthermore, SUTs reduces the production turnaround time and allow continuous manufacturing. The benefits of SUTs will increase the demand of the single-use bioprocessing system market in the coming years.
Development of different types of bio-sensors for bio-process monitoring can further create lucrative opportunities in the near future.
On the other hand, environmental concerns and technical issues in the use of single-use sensors are likely to hamper the growth of the market.
North America is expected to be the largest market for single-use bioprocessing sensors and probes followed by Europe. The Asia Pacific is expected to grow faster due to adoption of advance technologies and development of the biotechnology sector is likely to drive the growth in this region.
Key Topics Covered
2. Executive Summary
3. Global Single-use Bioprocessing Sensors & Probes Market Overview
4. Global Single-use Bioprocessing Sensors & Probes Market by Product Type
5. Global Single-use Bioprocessing Sensors & Probes Market by Application
6. Global Single-use Bioprocessing Sensors & Probes Market by Region 2018-2024
7. Companies CoveredParket Hannifin Corporation Hamilton Company Thermo Fisher Scientific Inc. Sartorius Stedim Biotech S.A. Honeywell International Inc. Eppendorf AG GE Healthcare Broadley-James Corporation Polestar Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/research/6tzngs/global_singleuse?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005435/en/
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INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY
SOURCE: Research and Markets
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PUB: 08/22/2018 10:20 AM/DISC: 08/22/2018 10:20 AM