The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Bioprocessing Technology Global Market Report 2024, the bioprocessing technology market is expected to show significant growth in the forecast period.

Introduction: Exploring a Rapidly Growing Market

• Bioprocessing technology market size: $21.74 billion in 2023, set to reach $25.22 billion in 2024.
• Compounded Annual Growth Rate (CAGR): A robust 16.0%, fueled by various factors.

Understanding the Growth Drivers

• Historic period catalysts: Increasing demand for biopharmaceuticals, expansion of biotechnology and life sciences industries, growing R&D investment, globalization of the biopharmaceutical market, focus on cost-efficiency and process optimization.
• Forecast period growth factors: Biomanufacturing capacity expansion, emergence of advanced therapies, rising importance of single-use bioprocessing systems, increased adoption of continuous bioprocessing, strategic collaborations and partnerships.

Escalating Incidences of Chronic Diseases Fuel Market Growth

• Chronic diseases’ impact: Long-term health disorders necessitating continuous medical care.
• Bioprocessing technology’s role: Discoveries of therapeutic proteins, polysaccharides, vaccines, and diagnostics for chronic disease treatment.
• Statistics: Increase in chronic disease incidence projected by National Library of Medicine.
• Key Players: Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Danaher Corporation, Lonza Group AG, and more.

View More On The Bioprocessing Technology Market Report 2024 – https://www.thebusinessresearchcompany.com/report/bioprocessing-technology-global-market-report

Pioneering Advancements Reshape the Market

• Key trend: Advancement in bioprocessing technology.
• Example: Univercells Technologies Inc.’s scale-X technology, facilitating large-scale bioreactor inoculation with automation and intensification.
• Focus: Lowering aseptic risk, providing repeatability, reducing expenses, operating time, and footprint.

Strategic Acquisitions Enhance Market Competitiveness

• Example: DiaSorin S.p.A’s acquisition of Luminex Corporation for $1.8 billion.
• Objective: Strengthening DiaSorin’s offering with Luminex’s multiplexing technology, expanding footprint in the United States.

Segmentation Insights

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

Regional Dynamics: North America Leads the Charge

• North America: Largest region in 2023, showcasing significant market presence.

Conclusion: A Thriving Future Ahead

The bioprocessing technology market is witnessing unprecedented growth, driven by technological advancements, strategic collaborations, and a growing focus on addressing chronic diseases. As the biopharmaceutical industry continues to expand and evolve, the demand for innovative bioprocessing solutions will soar. With a promising forecast ahead, stakeholders in the bioprocessing technology sector are poised to capitalize on emerging opportunities and shape the future of healthcare and biotechnology.

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The Bioprocessing Technology Global Market Report 2024  provides an in-depth analysis on the bioprocessing technology market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bioprocessing technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
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