Single-Use Bioprocessing Probes And Sensors Market Size (2024 - 2029)

Single-Use Bioprocessing Probes And Sensors Market Analysis

The Single-Use Bioprocessing Probes And Sensors Market size is estimated at USD 3.45 billion in 2024, and is expected to reach USD 5.78 billion by 2029, growing at a CAGR of 11.20% during the forecast period (2024-2029).

The COVID-19 pandemic has significantly benefited the market in terms of adoption and revenue growth. The pandemic accelerated the application of single-use solutions, including sensors, to meet the technology demand for therapeutics and vaccine manufacturing. For instance, according to data published by the American Pharmaceutical Review in April 2023, there was a surge in demand for single-use bioprocessing systems during the pandemic for the production of biologics and vaccines around the world. It was also observed that the adoption of commercial-scale single-use bioprocessing systems grew appreciably during COVID-19, increasing from 32.5% in 2019 to 43% in 2022. The increase was partly due to the demand for flexibility and rapid deployment of bioproduction during the pandemic crisis. Thus, the increased adoption of single-use bioprocessing systems during the pandemic significantly improved the market growth.

Factors such as commercial advantages over stainless steel bioprocessing products and rising investment for single-use bioprocessing facility expansion are expected to drive market growth over the forecast period.

Significant investments by companies in the expansion of single-use bioprocessing facilities is a major factor driving the market growth. For instance, in February 2022, Thermo Fisher Scientific invested USD 40 million to expand its single-use bioprocessing technology manufacturing facility in Millersburg, Pennsylvania, United States. The expansion was part of a USD 650 million multi-year investment to enhance the company's ability to provide flexible, scalable, and reliable single-use bioprocessing production capacity. Thus, significant investments in the expansion of single-use bioprocessing facilities are expected to increase the usage of single-use bioprocessing probes and sensors, thus driving market growth over the study period.

Furthermore, market players are undertaking various strategic initiatives such as acquisitions and collaborations to increase the market share, which is expected to boost the market growth over the study period. For instance, in March 2021, Mettler Toledo acquired PendoTECH, one of the major suppliers of single-use sensors, to enhance its market presence in the single-use bioprocess probes and sensors market. This integration of both companies aimed at improving customers' experience through comprehensive sensor offerings available for the bioprocessing industry. Thus, the above-mentioned factors, such as new investments for the expansion of single-use bioprocessing facilities and market player strategies, are anticipated to drive market growth during the forecast period.

However, environmental and technical challenges are likely to restrain the market growth over the forecast period.

Single-Use Bioprocessing Probes And Sensors Industry Segmentation

As per the scope of the report, single-use probes and sensors are designed for preinstallation into any bioprocessing container to streamline the measurement of various parameters, including the potential of hydrogen (pH), pressure, dissolved oxygen (DO), carbon dioxide (CO2), and others.

The single-use bioprocessing probes and sensors market is segmented by type (pH sensor, oxygen sensor, pressure sensors, temperature sensors, conductivity sensors, flow meters and sensors, and other types), by workflow (upstream and downstream), by end user (biopharmaceutical manufacturers, CMOs and CROs, and other end users), and by geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers the value in USD for the above segments.