- Widespread use of consumables, accessories and tools among CMOs and CROs expanding profitable avenues; Disposable systems gaining traction in the bioprocess technology market
- Continuous advances in the bioprocessing of recombinant proteins that support enormous lucrative opportunities; North America market witnessed significant revenue growth over the forecast period, supported by the acquisition of high-throughput bioprocessing systems
ALBANY, NY, 20 April 2022 /PRNewswire/ — The increase in the production of bioprocessing of recombinant proteins has in turn spurred advances in bioprocess technology widely used in therapeutics, vaccines, consumables and diagnostic reagents. This bioprocess technology market It takes continuous strides behind increased investment by contract research organizations (CROs) and contract medical organizations. Global valuation expected to reach US$ 53.7 Billion By 2031, an 8.3% expansion in CAGR over the period 2021-2031.
Extensive adoption of the disposable system has impacted the revenue size of the bioprocess technology market, according to the authors of TMR’s current in-depth study. Innovations in bioprocess hardware and their integration with advanced software in both continuous bioproduction system and disposable systems enrich the prospects.
The introduction of state-of-the-art bioprocess systems is expected to pave the way for biopharmaceuticals for cell-level and DNA-level therapy. The prevalence of infectious diseases in the global population and the high burden of chronic diseases support new product developments in the bioprocess technology market.
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Key Findings of Bioprocess Technology Market Research
- Increase in Biopharmaceutical Production Supports Consumables and Accessories Purchase: Bioprocessing technologies, including systems, consumables and accessories, find wide use in biopharmaceuticals. In particular, increased investment in biopharmaceutical outsourcing over the past few decades has spurred revenue growth in the bioprocess technology market. The expanding product range of biotherapeutics such as vaccines in the pharmaceutical industry is enriching profitable opportunities, according to the TMR study.
- Disposable Systems Gain Traction Due to Cost Effectiveness: The authors of the TMR study in the bioprocess technology market observed that in the biopharmaceutical industry, single-use systems are becoming the preferred choice for both preclinical and commercial product production. In particular, these systems are being adopted among small-scale plants, particularly in CMOs, creating significant sales opportunities in the bioprocess technology market. Its growing popularity can be attributed to its cost effectiveness. However, the study found that stainless steel bioreactors are still widely used in commercial biopharmaceutical production, especially because they are cost-effective for high-volume product production. In North America In the market, the demand for such systems is quite high.
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- R&D to Advanced Bioprocessing Technologies Supporting the Production of Recombinant Proteins: The increase in the production of recombinant proteins expands the incredible ways that market stakeholders can take advantage of in the near future. The segment had a leading share in the global bioprocess technology market. The increasing application of advanced tools in the bioprocessing of recombinant proteins is further catalyzing market prospects.
Bioprocess Technology Marketplace: Key Drivers
- The strides made in the development of a wide variety of biopharmaceuticals used in the treatment of infectious and chronic diseases are a key driver of the bioprocess technology market. The latest impetus for industry investment comes from advances in recombinant DNA technologies.
- Specialty products, industrial chemicals, and value-added food and feed products are driving the revenue growth of the bioprocess technology market.
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Bioprocess Technology Market: Regional Growth Dynamics
- North America It had a leading share in the global bioprocess technology market in 2020. Growth in the 2021-2031 forecast period is expected to be supported by the adoption of advanced bioprocess technologies in biopharmaceutical production, antibioticsand vaccines.
- Asia Pacific emerging as a market with great potential opportunities. The revenue growth in the regional market is supported by the continuous development of bioprocessing technologies to meet the demand in various end-use industries.
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Bioprocess Technology Market: Key Players
Some of the key players in the bioprocess technology market are F. Hoffmann-La Roche Ltd., Nova Biomedical, Advanced Instruments, Lonza, Eppendorf AG, Danaher Corporation, Becton, Dickinson and Company, Sartorius AG, GE Healthcare, Siemens Healthineers, and Thermo Fisher Scientific, Inc.
Global Bioprocess Technology Market: Segmentation
Bioprocess Technology Market by Product
- Consumables and Accessories
- Cultural Media
- Bioprocess Analyzers
- Blood Gas Analyzers
- Cell Counter
- Others (Centrifugation, Spectrometer and Filtration)
Bioprocess Technology Market by Application
- Primary Surgery
- Recombinant Proteins
- monoclonal antibodies
Bioprocess Technology Market by End User
- Biopharmaceutical Companies
- Contract Manufacturing Organizations
- Contract Research Organizations
- Food and Feed Industry
- Academic and Research Institutions
Bioprocess Technology Market by Region
- North America
- United Kingdom
- the rest Europe
- Asia Pacific
- Australia & New Zeland
- the rest Asia Pacific
- Latin America
- the rest Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- the rest Middle East & Africa
The modernization of healthcare services, both in terms of infrastructure and services, has taken the healthcare industry to new heights. Latest Health Industry Research Reports By Transparency Market Research:
Bioprocess Analyzers Market: The global bioprocess analyzer market is driven by the rise in innovations and technological advances in bioprocess analyzers, the focus on R&D of pharmaceutical and biotechnology companies, and the growth of the life science industry.
Bioprocess Validation Marketplace: The manufacturing process in the pharmaceutical industry goes through a series of recalls, reworks, and product failures. This factor requires the existence of a system to evaluate the viability of an experiment or product development channel. The global bioprocess validation market has expanded due to advances in pharmaceutical manufacturing.
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