Insights Into The Bioprocess Technology Market’s Growth Opportunities Through 2023-2032 – Includes Bioprocess Technology Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Growing healthcare industry demand is likely to boost innovation in bioprocess technology production, propelling the market during the forecast period.
The global bioprocess technology market is expected to grow from $18.70 billion in 2022 to $21.90 billion in 2023 at a compound annual growth rate (CAGR) of 17.1 %. The global bioprocess technology market size is expected to reach $39.16 billion in 2027 at a CAGR of 15.6%.
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Global bioprocess technology Market Segments Include:
- By Type: Cell Culture, Cell Expansion, Flow Cytometry, Cell Line Development, Virus Infiltration
- By Application: Biopharmaceuticals, Specialty Products, Industry Chemicals, Environment Management Aid
- By End User: Hospitals, Research labs, Medical Institutions, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global bioprocess technology market in 2021.
Major Market Players in the bioprocess technology market include Sartorius AG, Danaher Corporation, Thermo Fisher Scientific Inc., Lonza Group AG, F. Hoffmann-La Roche Ltd., Becton, Dickinson, and Company, Merck KGa.
Technological innovation is a common trend in the bioprocess technology industry. To strengthen their market position, major businesses in the bioprocess technology market are focusing on developing novel solutions integrated with modern technologies. Merck KGaA, a German science and technology business, for example, will unveil the Bio4CTM Software Suite, the latest addition to its BioContinuumTM Platform, in April 2020. The new technological ecosystem integrates process control, analytics, and plant-level automation to provide a comprehensive picture of the manufacturing process, enabling biomanufacturers to acquire complete process control and deep insights. The Bio4CTM Process Pad is a browser-based platform that automates data acquisition and analysis tasks, allowing scientists and engineers to quickly acquire, aggregate, and analyse data from various sources across the bioprocess, such as equipment, batch records, databases, and historians. It is part of the Bio4CTM Suite’s “Collect” dimension.
The Bioprocess Technology Global Market Report 2023 provides a bioprocess technology market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bioprocess technology market forecast analyzes bioprocess technology market size, bioprocess technology market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The process of generating biological products such as medications, chemicals, and biofuels using living organisms such as bacteria, yeast, and cells is known as bioprocessing technology. Bioprocess technology is utilised in the bioreactor to produce medications, meals, flavours, fuels, and chemicals using a biocatalyst such as an enzyme, microbe, plant cell, or animal cell.
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