According to the report, the global bioprocess technology market was valued at US$ 21.9 Bn in 2021 and is anticipated to expand at a CAGR of 7.9% from 2022 to 2030
According to the report, the global bioprocess technology market was valued at US$ 21.9 Bn in 2021 and is anticipated to expand at a CAGR of 7.9% from 2022 to 2030
Bioprocess technology is an essential piece of biotechnology that arrangements with processes joining the total living matter or its parts with supplements to make claim to fame chemicals, reagents, and bio therapeutics. The cycles structure the foundation of interpreting revelations of life sciences into helpful modern items. Different stages related to bioprocess technology incorporate substrates and media, biocatalysts, volume creation, downstream processing, refinement, and last processing. In the course of recent years, the utilization of bioprocess technology in the advancement of an assortment of cutting-edge biopharmaceutical items is acquiring footing in the bioprocess technology market.
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Bioprocess technology shapes the foundation of the biotechnology business. In bioprocessing living cells like microbes, compounds, and chloroplast or their parts are utilized to obtain wanted items. The cycle is utilized to foster modern items, cycles, and strategies to satisfy the necessities of society. The various stages in bioprocess incorporate planning unrefined components, substrates and media, the changing state, biocatalysts, downstream processing, volume creation, decontamination, and processing the end result. Bioprocessing gear explicitly utilized inconsistent organic item improvement are acquiring importance, as these give consistency in item quality, bring down the assembling process duration, and decrease capital expenses and time by balancing out bioprocessing tasks. Bioprocessing gear created for constant biopharmaceutical production is generally little measured; notwithstanding, coordinating upstream and downstream bioprocessing can be a test.
Biopharmaceutical makers will be unable to build their creation limit and lessen turnaround time to carry medications to the market. The onus will be on bioprocess hardware makers to offer imaginative, safe, and highly precise solutions to fulfill the expansion in need from biopharmaceutical organizations. Bioprocess technology finds application in end-use ventures for the assembling of biomaterials like drug supplements, anti-microbial, food and farming items, antibodies, and catalysts. It additionally tracks down the application in the development of elective items for treating diseases, the creation and assessment of more secure food materials, and the creation of biodegradable and climate agreeable chemicals. As procedures and instrumentation become additionally modern, bioprocesses may find applications in different areas where substance processes are presently utilized.
The global bioprocess technology market for the historical period 2017–2018 and forecast period 2019–2027. The global bioprocess technology market is driven by increase in prevalence of chronic pain, and rise in demand for home monitoring.
Growth of the biopharmaceutical industry: Key Driver
The global biopharma sector continued its positive momentum in 2017 as well. According to a study published in Bioprocess International in 2012, the bio-pharmaceutcal industry was valued at US$ 140 Bn in 2012. The same market reached to US$ 200 Bn in 2016, according to another study performed by Bioplan Associates, Inc. in 2016. Sustained patient demand for innovative drugs will continue to play a key role in the growth of the biopharma sector.
Biopharmaceutical manufacturers will be hard-pressed to increase their production capacity and reduce turnaround time to bring drugs to the market. The onus will be on bioprocess equipment manufacturers to offer innovative, safe, and high-efficient solutions to meet the increase in demand from biopharmaceutical companies.
Limited adherence of biological product development: Restraint
Bioprocessing equipment specifically used in continuous biological product development are gaining significance, as these provide consistency in product quality, lower the manufacturing cycle time, and reduce capital costs & time by stabilizing bioprocessing operations. Bioprocessing equipment developed for continuous biopharmaceutical manufacturing are relatively small-sized; however, integrating upstream and downstream bioprocessing can be a challenge.
Global Bioprocess technology Market: Competitive Landscape
This report profiles major players operating in the global bioprocess technology market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global bioprocess technology market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global bioprocess technology market include
- Thermo Fisher Scientific, Inc
- Sartorius AG
- F. Hoffmann-La Roche AG
- GENERAL ELECTRIC
- Danaher Corporation
- Nova Biomedical
- Advanced Instruments, Inc
- Siemens Healthneers
- Becton
- Dickinson and Company
- Lonza
Global Bioprocess Technology Market: Key Developments
Key players in the global bioprocess technology market are engaged in regulatory approvals, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global bioprocess technology market. A few expansion strategies adopted by players operating in the global bioprocess technology market are:
In March 2018, Sartorius Group introduced ambr 250 HT perfusion system for cell culture process development at the BPI West 2018 Conference in San Francisco, U.S.
In February 2018, Advanced Instruments launched Osmo 1 Single Sample Micro Osmometer, which is expected to increase efficiency, decrease sample turnaround time, and reduce the risk of loss of sample
In April 2015, F. Hoffmann-La Roche Ltd., introduced Cedex bioprocess analyzer for vaccine manufacturing.
The report on the global bioprocess technology market discussed individual strategies, followed by company profiles of manufacturers of bioprocess technology. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global bioprocess technology market.
Key Questions Answered in Global Bioprocess Technology Market Report
- What is the scope of growth of product type companies in the global bioprocess technology market?
- What will be the Y-o-Y growth of the global bioprocess technology market between 2019 and 2027?
- What is the influence of changing trends in usage patterns on the global bioprocess technology market?
- Will North America continue to be the most profitable market for bioprocess technology providers?
- Which factors are anticipated to hamper the growth of the global bioprocess technology market during the forecast period?
- Which are the leading companies in the global bioprocess technology market?
Global Bioprocess Technology Market – Segmentation
Product
- Instrument
- Bioprocess Analyzers
- Blood Gas Analyzers
- Osmometers
- Bioreactors
- Incubators
- Cell Counter Systems
- Others
- Consumables and Accessories
- Culture Media
- Reagents
- Others
Application
- Antibiotics
- Recombinant Proteins
- Biosimilars
- Others
End-user
- Biopharmaceutical Companies
- Contract Manufacturing Organization
- Academic Research Institutes
- Food and Feed Industry
- Contract Research Organization
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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