(PharmaNewsWire.Com, December 21, 2017 ) The Latin America Single-use Bioprocessing Market was worth USD 193 million in 2016 and estimated to be growing at a CAGR of 17.2%, to reach USD 426 million by 2021. The market is showing huge potential in the future years and is expected to continue its growth.
Single-use bioprocessing technology is a popularly used technique for the manufacturing of biopharmaceuticals. It is applied during the whole procedure of biopharmaceutical production, that is, from buffer and media preparation to shipping of biologics. Single-use bio-processing procedures involve the usage of different products like manifold assemblies, bioprocess containers and bags, single-use bioreactors and single-use mixers. They cut the cost of complex bioproduction processes, such as cleaning, sterilization, and care of the big bioreactors.
Developing economy, increasing demand for disposable biopharmaceuticals, increased spending ability of people is propelling the growth of Latin America single-use bio-processing systems market. However, insufficient government support, leachability problems and environmental as well as economic hazards are the main challenges faced by single use bioprocessing market.
The Latin America Single-use Bioprocessing market is broadly categorized on the basis of Product into Media Bags and Containers, Filtration assemblies, Single-use Bioreactors, Disposable Mixers and Others. The media bags and containers segment holds the largest share of the single-use bioprocessing market as of 2016 owing to the growing adoption of media bags and containers in transportation and storage application. Based on Application, the market is segmented as Filtration, Storage, Cell Culture, Mixing and Purification, wherein the filtration segment leads the market due to growing popularity of single-use tangential flow filters, depth filters, and chromatography columns in the process development. Further, by End User the market is classified into Research and Development Institutes and Biopharmaceutical manufacturers.
On the basis of region the Latin America market is segmented into Brazil, Mexico, Argentina and rest of South America. Brazil leads the market in this region and is expected to show a lucrative growth rate during the forecast period.
The major players dominating the Single-use Bioprocessing market are Thermo Fisher Scientific, Danaher Corporation, GE Healthcare (General Electric Company), Sartorius Stedim Biotech S.A, Merck Millipore (Merck Group), 3M Company, Eppendorf AG, Finesse Solutions, Inc., Applikon Biotechnology B.V., and Cesco Bioengineering Co., Ltd.
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