Type (Single-Use, Multi-Use)
The multi-use segment in the bioprocess bags market is estimated to gain the largest revenue share of 60% in the year 2037. The major factor to dominate the market expansion is that multi-use bioprocess bags provide a cost-effective solution over multiple production cycles. However, even though the initial investment for these bags might be high as compared to single-use counterparts, the ability to be reused through proper sterilization processes results in significant cost savings over time. Hence, this element is necessary for producers involved in high-volume and continuous production processes.
Furthermore, according to the study published in the International Journal of Pharmaceutics, the overall cost per unit of product for multi-use bioprocess bags, which includes the expenses related to sterilization and cleaning, is lower by about 40% in contrast to single-use bags over a 10-cycle period. As a result, this benefit is predicted to boost the attractiveness of multi-use solutions. Therefore, with the surge in segment growth, the bioprocess market is also predicted to grow over the coming years.
End User (Biopharmaceutical, Contract Manufacturing Organizations, Research Institutes)
The biopharmaceutical segment in the bioprocess bags market is expected to garner a significant share in the year 2037. This growth of the segment is predicted to be encouraged by the growing development of biopharmaceutical companies across the world. Furthermore, the adoption of AI is also surging in this region which is why the production of bioprocess bags is estimated to surge.
Another major factor could be the growing aging population. With the rise in age, the prevalence of disease also grows. Hence, this is further predicted to influence the segment growth additionally driving the bioprocess bags market revenue.
Moreover, the contract manufacturing organizations segment is also predicted to observe a surge on account of its growing adoption by organizations to focus on the growth of the business. Also, since raw material prices are growing, the dependence on contract manufacturing is also surging. As a result, the market growth for bioprocess bags is estimated to grow.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Rajrani Baghel
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