Some of the key companies operating in the global single-use bioprocessing sensors and probes marketare Thermo Fisher Scientific Inc., Sartorius AG, Parket Hannifin Corporation, and Hamilton Company. A popular strategy employed by them to grow their shares in the market is widening the product base through carefully-considered alliances and acquisitions. Thermo Fisher, for example, acquired Finesse Solutions to foray into single use bioprocessing instruments and devices market.
The global single-use bioprocessing sensors and probes market has regional companies and just a couple of global players. While this serves to up competition in the market, the different kinds of products offered by various companies lowers the degree of competition. As a result, competition in the global single-use bioprocessing sensors and probes market will remain moderate.As per a report by Transparency Market Research, the global single-use bioprocessing sensors and probes market will likely expand at a robust 13.4% CAGR between 2017 and 2025. Rising at this rate, the market which was worth US$418.3 mn in 2016, will grow to US$1281 mn by 2025.
North America, Powered by U.S., Slated to Grow Market Share Further
In terms of products, the global single-use bioprocessing sensors and probes market can be classified into pH sensor, valve, bench top control system, spectroscopy technology, optochemical DO (dissolved oxygen), temperature sensor, and pressure sensor. Of these, the bench top control system accounts for maximum share in the market in terms of revenue. In 2016, the bench top control system segment was valued at US$101.0 mn.