Press release
Continuous Bioprocessing Market is Expected to Grow at a CAGR of 8.8% from 2019 to 2027 to reach $7.33 Billion by 2027 | Industry Growth Analysis & Future Demand
continuous bioprocessing market
The growth in the overall continuous bioprocessing market is mainly attributed to the growing demand for biopharmaceuticals, growing development of new technologies and products related to continuous bioprocessing, and rising government support for biopharmaceutical manufacturing. In addition, significant opportunities from emerging Asia-Pacific and Latin American regions and growing approval for personalized medicines further supports the growth of this market. However, factors such as high risk of contamination with continuous bioprocessing, complex and technically unfeasible nature of continuous bioprocessing in downstream processes, and dearth of bioprocessing professionals are expected to hinder the adoption of continuous bioprocessing.
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The overall continuous bioprocessing market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts it for 2027 - by product (filtration, chromatography, bioreactor, centrifuge), application [commercial (monoclonal antibodies, vaccine production), research], end user (pharma & biotech, CDMOs), and geography. The study also evaluates the industry competitors and analyzes their market share at the global and regional level.
Based on product, the filtration systems and consumables segment accounted for the largest share of the overall continuous bioprocessing market in 2019 and is also slated to grow at the fastest CAGR during the forecast period. The factors such as incessant launches of filtration products, frequent use of associated filtration consumables, and increasing adoption of single use filters in the commercial bioproduction are supporting the growth of this segment.
Based on application, the commercial application segment accounted for the largest share of the overall continuous bioprocessing market in 2019. The major share of this segment is primarily attributed to the growing approval of antibodies and therapeutic proteins and on-going as well as future capacity expansions by various commercial biopharmaceutical manufacturers to cater unmet demand for vaccines and other biopharmaceutical products in short period of time.
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Key questions answered in the report-
1 Which are the high growth market segments in terms of product, application, end user, and regions/countries?
2 What was the historical market for continuous bioprocessing across the globe?
3 What are the market forecasts and estimates for the period 2019-2025?
4 What are the major drivers, restraints, challenges, opportunities, and trends in the overall continuous bioprocessing market?
5 Who are the major players in the global continuous bioprocessing market?
6 How is the competitive landscape and who are the market leaders in the overall continuous bioprocessing market?
7 What are the recent developments in the global continuous bioprocessing market?
8 What are the different strategies adopted by the major players in the overall continuous bioprocessing market?
9 What are the geographical trends and high growth regions/ countries?
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Based on end user, pharmaceutical & biotechnology companies accounted for the largest share of the overall continuous bioprocessing market in 2019. However, contract manufacturing organizations segment is slated to grow at the fastest CAGR during the forecast period, mainly due to growing trend towards outsourcing of biologics manufacturing and favorable regulatory reforms for CMOs.
Geographical Analysis::
Geographically, North America commanded the largest share of the overall continuous bioprocessing market in 2019, followed by Europe and Asia Pacific. The factors such as established healthcare systems in the North America region, greater adoption of advanced technologies, rising prevalence of non-communicable diseases, growth in pharmaceutical research & development, and strong presence of key players are contributing to the largest share of this region.
The key players operating in the global continuous bioprocessing market are GE Healthcare (U.S.), Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Danaher Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Sartorius AG (Germany), Repligen Corporation (U.S.), Eppendorf AG (Germany), 3M Company (U.S.), and Applikon Biotechnology B.V. (Netherlands) among others.
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