Single-use Bioprocessing Probes And Sensors Market To Reach $6.67 Billion By 2030

Single-use Bioprocessing Probes And Sensors Market Growth & Trends

The global single-use bioprocessing probes and sensors market size is expected to reach USD 6.67 billion by 2030, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 11.87% over the forecast period. The key factors attributed to the growth of the market include production expansion by players and reduced environmental impact by using single-use bioprocessing probes and sensors. Moreover, the presence of several key companies supports market growth. The COVID-19 pandemic has further fueled the market growth. During the pandemic, the industry witnessed a supply shortage of several commodities. Suppliers increased the capacity of the single-use bioprocessing sector to cater to the increasing demand and balance the shortage of such commodities.

For instance, in September 2021, Thermo Fisher Scientific Inc., a major supplier in the industry, revealed a plan to set up a manufacturing facility in Nashville to produce products in single-use technologies (SUT). This facility is expected to be one of the world's largest single-use technology manufacturing facilities. Such an increase in production and development capabilities in the industry during the pandemic supports market growth. Moreover, single-use technology reduces water and energy consumption associated with cleaning and sterilization processes. They generate less waste than traditional reusable systems, aligning with the increasing focus on sustainability in the biopharmaceutical industry. In addition, single-use biotechnology systems, made up of plastics, are mostly recyclable and significantly decrease the environmental impact.

On the other hand, traditional biotechnology plants use large amounts of energy and water. Thus, the sustainability associated with single-use systems is expected to be preferred by biopharmaceutical manufacturers, which will boost market growth. Several players provide advanced and effective products. Thus, the wide adoption of advanced services and products is also expected to boost product demand. Many companies implement strategies, such as product launches, geographic expansions, strategic alliances, and M&As to enhance product portfolios and build positive customer positioning. For instance, in May 2022, Dover announced the acquisition of Malema Engineering Corp. This acquisition was aimed at expanding the single-use production offering of Dover. Such strategy implementation by players to gain a competitive edge is anticipated to support market growth over the forecast period.

 Request a free sample copy or view report summary: Single-use Bioprocessing Probes And Sensors Market Report

Single-use Bioprocessing Probes And Sensors Market Report Highlights

• The pH sensor type segment dominated the market in 2022 with a revenue share of 19.93% due to the high usage rate, increasing product penetration, and technological advances

• The upstream workflow segment held the largest share of 73.49% in 2022 due to the growing adoption of single-use products in the upstream manufacturing procedure by biopharmaceutical manufacturers

• The biopharmaceutical & pharmaceutical companies end-use segment dominated the market with a revenue share of 42.05% in 2022 owing to product developments in the industry and high demand for biopharmaceuticals

• North America dominated the global industry with a share of 40.37% in 2022 due to the presence of several biopharmaceutical manufacturers in the U.S.

• Asia Pacific is projected to register the fastest CAGR of 12.70% from 2023 to 2030 owing to the growing focus of global players on expanding into emerging countries, such as India and China

Single-use Bioprocessing Probes And Sensors Market Segmentation

Grand View Research has segmented the global single-use bioprocessing probes and sensors market based on sensor type, workflow, end-use, and region:

Single-use Bioprocessing Probes & Sensor Type Outlook (Revenue, USD Million, 2018 - 2030)

• pH Sensor

• Oxygen Sensor

• Pressure Sensors

• Temperature Sensors

• Conductivity Sensors

• Flow Meters & Sensors

• Others

Single-use Bioprocessing Probes & Sensors Workflow Outlook (Revenue, USD Million, 2018 - 2030)

• Upstream

• Downstream

Single-use Bioprocessing Probes & Sensors End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Biopharmaceutical & Pharmaceutical Companies

• CROs & CMOs

• Academic & Research Institutes

• Other End-users

Single-use Bioprocessing Probes & Sensors Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Single-use Bioprocessing Probes And Sensors Market

• Thermo Fisher Scientific

• Sartorius AG

• Danaher

• PreSens Precision Sensing GmbH

• ABEC

• Hamilton Company

• PendoTECH LLC

• Equflow

• Parker Hannifin Corporation

• Dover Corporation