Infinium Global Research has added a new report on Single-Use Bioprocessing Sensors and Probes Market. The report presents an analysis of global as well as regional markets of single-use bioprocessing sensors and probes market over the period of 2016 to 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 have 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 for the single-use bioprocessing system market in the coming years. 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. Development of different type of bio-sensors for bio-process monitoring can further create lucrative opportunities in the near future.
North America is expected to be the largest market for single-use bioprocessing sensors and probes followed by Europe. North America accounted for the highest market share in this region owing to pro activeness in adopting new technologies and the presence of major biotechnology and pharmaceutical industries. The Asia Pacific is expected to grow faster due to the adoption of advanced technologies and development of the biotechnology sector is likely to drive the growth in this region. The merger and acquisition, extensive investments on R&D to innovate the technology and for manufacturing of the novel product is the key strategy of the key vendors in this market. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global single-use bioprocessing sensors and probes market but also make strategic decisions to capture the most lucrative markets in the near future.
The market size is presented in terms of value for the historic year 2016 and estimated for the forecast period of 2018-2024.
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The recent report identified that North America dominated the global single-use bioprocessing sensors and probes market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the single-use bioprocessing sensors and probes market worldwide.
The report segments the global single-use bioprocessing sensors and probes market on the basis of Product type and Application.
Global Single-use Bioprocessing Sensors and Probes Market by Product Type
· Bench Top Control
· Optochemical Dissolved Oxygen
· Temperature Sensors
· Pressure Sensors
· PH Sensor
Global Single-use Bioprocessing Sensors and Probes Market by Application
· Academic Research
Companies Profiled in the Report
· Parket 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.
About Infinium Global Research
Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
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