Bioprocess Technology Market Demand Status, Opportunities and COVID Impact Challenges, Share and Trends, Business Status and Future Scope Forecast to 2027
Posted on Apr 21 2021 12:42 PM
"Bioprocess Technology Market to Benefit Profoundly; Rising Cases of Chronic Diseases to Boost Development, states Fortune Business Insights™"
The increasing cases of infectious diseases is predicted to create sales opportunities for the market during the forecast period, states Fortune Business Insights, in a report, titled “Bioprocess Technology Market Size, Share & Industry Analysis, By Products (Instruments [Bioprocess Analyzers, Gas Analyzers, Osmometers, Cell Counter Systems, Bioreactors, Incubators],Consumables Accessories[Culture Media, Reagents]), By End-Users (Biotechnology & Biopharmaceutical Companies, Research & Academic Institutes, Others) and Regional Forecast, 2019-2026.” The growing advancements in bioprocessing technologyare likely to enable speedy expansion of the market in the forthcoming years.
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The report on the bioprocess technology marketcontains:
- In-depth analysis of the regions
- Latest market drivers and restraints
- Latest industry developments
- Competitive landscape
Extension of Bioprocess Technologies to Promote Growth
The growing research and development investments for the advancement of bioprocessing technologyare predicted to facilitate the healthy growth of the market. The rising government support for the production of biofuel in various countries is expected to spur lucrative business opportunities for the market. The growing demand for biosimilar and biopharmaceutical products is expected to improve the potential of the market in the forthcoming years. Bioprocessing is a combination of biology, mathematics, and engineering which consists of activities such as designing bioreactors, biocatalysts, substrates, and media volume production, downstream processing, and purification. The growing need for bioprocess technology in the pharmaceutical sector is predicted to enable speedy expansion of the market. The growing incidence of chronic diseases such as cancer is expected to foster the need for biotechnology, which, in turn, will boost the healthy growth of the market. The heavy demand for vaccines especially in the time of pandemics is predicted to foster healthy growth of the market.
Nevertheless, strict supervisory policies and high technological costs are factors predicted to dampen the growth of the market.
Rising Prevalence of Cancer to Fuel Demand in North America
Geographically, the global bioprocess technology market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to lead the global market. The growth in the region is attributed to the growing demand for superior quality biologics. Theincreasing R&D investments by key players are expected to promote the healthy growth of the market. Europe is predicted to hold the largest share during the forecast period due to the rising demand for biosimilars. The increasing prevalence of chronic diseases is predicted to enable speedy expansion of the market. Asia Pacific and Latin America are expected to account for the largest share during the forecast period in the foreseeable future. The growth in the region is attributed to the flourishing biopharmaceutical industry. The rising government support is expected to enhance the development of the market in the forthcoming years.
March 2019: Merck KGaAannounced the introduction ofthe BioContinuum Buffer Delivery Platform, whichis a combined solution for more efficient buffer delivery for next-generation bioprocessing that offers a way to streamline buffer management.
February 2019: UNIVERCELLS announced the launch of a scale-X carbo that is a bench-scale automated cell culture system.
March 2018: Sartorius AG unveiledan ambr 250 HT perfusion bioreactor system for cell culture process development.
The Report Lists the Main Companies in the Bioprocess Technology Market
- Emerson Electric Co.
- Koninklijke Philips N.V.
- Abbott, BD
- Thermo Fisher Scientific Inc.
- Hoffmann-La Roche Ltd
- Sartorius AG
- Merck KGaA
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