According to a new report, published by KBV research, The Global Bioprocess Bags Market size is expected to reach $7.8 billion by 2029, rising at a market growth of 16.5% CAGR during the forecast period.
The Downstream Process market is showcasing a CAGR of 16.6% during (2023 - 2029). This is owing to the fact that the product is stored and transported using bioprocess bags, often in the downstream process during various phases of purification. Compared to conventional stainless-steel vessels, they have several benefits, such as a lower risk of contamination, fewer cleaning and validation requirements, and quicker turnaround times. Hence, these benefits of the downstream process are expected to boost the segment's growth in the projected period.
The 2D market acquired the maximum revenue share in the Global Bioprocess Bags Market by Type in 2022, thereby achieving a market value of $4.3 billion by 2029. This is due to the rising need for cell treatments and biopharmaceuticals. In addition, the demand for novel and efficient treatments is increasing as the incidence of chronic diseases, including diabetes, cancer, and autoimmune disorders, rises. Biopharmaceuticals provide a promising solution, and using 2D bioprocess bags can help simplify the production process and save costs.
The CMOs & CROs market has shown the high growth rate of 16.7% during (2023 - 2029). This is due to the advantages of CROs and CMOs, such as scalability, flexibility, decreased internal infrastructure requirements, and dedicated supply channels. Additionally, outsourcing bioprocessing tasks enables businesses to concentrate on their core capabilities, cut costs, and boost productivity. The number of CMOs and CROs has increased due to this trend, and this development is anticipated to fuel the segment's expansion.
The North America market dominated the Global Bioprocess Bags Market by Region in 2022, thereby achieving a market value of $2.6 billion by 2029. The Europe market is anticipated to grow at a CAGR of 15.7% during (2023 - 2029). Additionally, The Asia Pacific market would witness a CAGR of 17.4% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/bioprocess-bags-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thermo Fisher Scientific, Inc., Sartorius AG, Danaher Corporation, Saint-Gobain Group, Corning Incorporated, Meissner Filtration Products, Inc., Merck KGaA, Entegris, Inc., PROAnalytics, LLC, and CellBios Healthcare and Lifesciences Pvt Ltd.
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