CHICAGO , June 14, 2024 /PRNewswire/ -- The projected global single-use bioprocessing market is expected to reach USD 34.9 billion by 2029 from USD 17.7 billion in 2024, with a CAGR of 14.
5%. Key players such as Sartorius AG, Danaher Corporation, Thermo Fisher Scientific, Inc., and Merck KGaA dominate 44-48% of the market share globally.
Factors driving market growth include increased adoption among CDMOs & CMOs, enhanced productivity, reduced risk of contamination, lower capital investment, and improved environmental sustainability. However, challenges like leachables & extractables, regulatory compliance issues, and PFAS restrictions may hinder growth. Merck KGaA, with its broad product portfolio and global presence, is positioned for significant growth.
Danaher Corporation, especially after acquiring Pall Corporation, and Sartorius AG, with their strategic expansions and innovative product offerings, also hold prominent positions in the market..