The latest updates to The Business Research Company’s global market reports have incorporated the most current market sizing data for the year 2023, projecting trends up to 2032.

The global bioprocessing technology market is poised to expand from $18.71 billion in 2022 to $21.74 billion in 2023, exhibiting a compound annual growth rate (CAGR) of 16.2%, according to The Business Research Company. This upward trajectory is set to continue, with the global bioprocessing technology market projected to reach $37.8 billion in 2027 at a CAGR of 14.8%.

The increased prevalence of chronic diseases is anticipated to drive the growth of the bioprocessing technology market in the foreseeable future.

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Prominent players in the bioprocessing technology market include Thermo Fisher Scientific Inc., Sartorius AG, Merck Group, Danaher Corporation, Lonza AG, GE Healthcare (General Electric), and Waters Corporation.

An essential trend gaining momentum in the bioprocessing technology market is the advancement in bioprocessing technology. Leading companies within this sector are directing their efforts toward advancing bioprocess technologies to solidify their market presence. For example, Univercells Technologies Inc., a Belgium-based biotechnology company, introduced the scale-X cell collect module as part of the new scale-x technology in October 2022. This innovative solution aims to enhance the inoculation stage for large-scale bioreactors, utilizing automation and intensification concepts. The scale-X technology is designed to minimize aseptic risk, ensure high repeatability, and reduce costs, operating time, and footprint.

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Global Bioprocessing Technology Market Segments Include:

• By Product: Biologics Safety Testing, Cell Culture, Cell Expansion, Cell Line Development, Flow Cytometry, Tangential Flow Filtration
• By Application: Antibiotics, Biosimilars, Recombinant Proteins, Other Applications
• By End Use: Biopharmaceutical Companies, Contract Manufacturing Organization, Academic Research Institutes, Food and Feed Industry, Contract Research Organization
• 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 bioprocessing technology market in 2022.

The Bioprocessing Technology Global Market Report 2023  provides an overview of the bioprocessing technology market over the time series: historic years (2010 – 2021) and a ten-year forecast (2023 – 2032). The forecast analyzes the bioprocessing technology market size, market share, leading competitors, and their market positions.

Bioprocessing technology involves the use of microbes, living cells, or components of living organisms to synthesize biological products. This process is widely employed in the production of chemicals, food, flavor, fuel, and medications, using biocatalysts like enzymes and microbes.

The Table Of Content For The Bioprocessing Technology Market Include:
1. Bioprocessing Technology Market Executive Summary
2. Bioprocessing Technology Market Segments
3. Bioprocessing Technology Market Size And Bioprocessing Technology Market Growth Rate
4. Key Bioprocessing Technology Market Trends
5. Major Bioprocessing Technology Market Drivers
……
25. Key Mergers And Acquisitions In The Bioprocessing Technology Market
26. Top Bioprocessing Technology Companies
27. Bioprocessing Technology Market Opportunities And Strategies
28. Bioprocessing Technology Market, Conclusions And Recommendations
29. Appendix

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