Single-use Bioprocessing Sensors and Probes Market (Product Type – Valve, Bench Top Control, Spectroscopy, Optochemical Dissolved Oxygen, Temperature Sensors, Pressure Sensors, PH Sensor; Application – Biotechnology, Pharmaceutical, Academic Research): Global Industry Analysis, Trends, Market Size and Forecasts up to 2024. The global single-use bioprocessing sensors and probes market is projected to grow at a CAGR of 14.0% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 04/11/2019 -- Our latest research report entitled Single-Use Bioprocessing Sensors and Probes Market (by product type(valve, bench top control, spectroscopy, optochemical dissolved oxygen, temperature sensors, pressure sensors, ph. sensor and others) and application (biotechnology, pharmaceutical, academic research and others)) Industry Analysis, Trends, Market Size, Forecasts up to 2024 provides complete and deep insights into the market dynamics and growth of Single-Use Bioprocessing Sensors and Probes. Latest information on market risks, industry chain structure Single-Use Bioprocessing Sensors and Probes cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Single-Use Bioprocessing Sensors and Probes growth factors.
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The forecast Single-Use Bioprocessing Sensors and Probes Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Single-Use Bioprocessing Sensors, and Probes on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report, the global single-use bioprocessing sensors and probes market are projected to grow at a CAGR of 14.0% over the forecast period of 2018-2024.
Single Use Bioprocessing Sensors and Probes Market: Industry Insight
Single-use bioprocessing sensors and probes are disposable measuring devices used for determining four fundamental process parameters such as pH, dissolved oxygen, temperature, and headspace pressure. They have gained widespread acceptance in biotechnology and pharmaceutical companies owing to its benefits such as ease of use, and convenience as other single-use assembly components, while providing the accuracy and robustness of traditional measurement techniques.
Single Use Bioprocessing Sensors and Probes Market: Drivers and Restraints
The growth of continuous processing in biopharmaceutical manufacturing, coupled with the benefits of single-use technology is creating demand for single-use sensors and probes that primarily drives the growth of the single-use bioprocessing sensors and probes market. These sensors and probes reduce processing time, operational costs, the risk of cross-contamination as well as rapid product development in the biotechnological and pharmaceutical industries. In addition, life science companies are also highly investing in single-use technologies. Furthermore, improvements in cell culture practices and the growth of biologics have spurred the growth of single-use technology in research laboratories and industries. However, the availability of high-level automated sensors and probes hampers the growth of the market. Moreover, the growing developments in medical research and the emergence of personalized medicine are promoting the adoption of single-use technologies for several biotechnology operations.
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Single Use Bioprocessing Sensors and Probes Market: Segmentation
The global single-use bioprocessing sensors and probes market are segmented into product type and application. Based on product type, the global single-use bioprocessing sensors and probes market is further segmented into the valve, bench top control, spectroscopy, optochemical dissolved oxygen, temperature sensors, pressure sensors, pH sensor, and others. Based on application, the global single-use bioprocessing sensors and probes market is classified into biotechnology, pharmaceutical, academic research, and others. Among the applications, pharmaceutical segment holds a significant share in the single-use bioprocessing sensors and probes market. The rising demand for reducing the need to perform in-house sterilization and easy to use single-use technologies contributes to the growth of single-use bioprocessing sensors and probes in the pharmaceutical industry. In addition, the rising manufacturing of medicines for the growing geriatric population and the growth of precision medicines are anticipated to propel the demand for single-use bioprocessing sensors and probes over the forecast period.
Single Use Bioprocessing Sensors and Probes Market: Regional Insight
North America held the dominant share in the global single-use bioprocessing sensors and probes market in 2017. The high adoption of new technologies, the presence of several major manufacturers and a well-established pharmaceutical sector in the U.S. contributes to the growth of North America single-use bioprocessing sensors and probes market. Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period owing to the accelerated expansion of global biotech industries in South Asian countries such as China and India. Furthermore, the growing support and foreign investments by global pharmaceutical players boosts the growth of the single-use bioprocessing sensors and probes market in the Asia Pacific region.
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Single Use Bioprocessing Sensors and Probes Market: Competitive Landscape
The single-use bioprocessing sensors and probes market is highly fragmented. The major players in the single-use bioprocessing sensors and probes market are Parket Hannifin Corporation, Hamilton Company, Thermo Fisher Scientific, Inc., Sartorius Stedim Biotech S.A, Honeywell International, Inc, Eppendorf AG, GE Healthcare, Broadley-James Corporation, and Polestar Technologies, Inc. among others. Collaborations and product innovation remain the key strategies of the major market players. In 2019, Pall Corporation has collaborated with Broadley-James Corporation to integrate Broadley-James' single-use probe and flow cell pH sensors in its disposable bioprocessing offerings.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Single-use Bioprocessing Sensors and Probes.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.