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Bioprocessing Technology Market 2023 : Trends, Business Growth And Major Driving Factors | Thermo Fisher Scientific Inc., Sartorius AG, Merck Group, Danaher Corporation, Lonza AG
Bioprocessing Technology Global Market
The Business Research Company's Bioprocessing Technology Global Market Report 2023 identifies the increased incidences of chronic diseases are expected to propel the growth of the bioprocessing technology market going forward. Chronic diseases are long-term health disorders that endure for at least a year and impair daily activities, require continuing medical care, or both. The bioprocessing technologies involves the discoveries of therapeutic proteins, polysaccharides, vaccines, and diagnostics essentials for the treatment of chronic diseases. Hence, the increased incidence of chronic diseases will support the growth of the bioprocessing technology market.
The global bioprocessing technology market size is expected to grow from $18.71 billion in 2022 to $21.74 billion in 2023 at a compound annual growth rate (CAGR) of 16.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bioprocessing technology market size is expected to reach $37.8 billion in 2027 at a CAGR of 14.8%.
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Major players in the bioprocessing technology market are Thermo Fisher Scientific Inc., Sartorius AG, Merck Group, Danaher Corporation, Lonza AG, GE Healthcare (General Electric), Waters Corporation, STADA Arzneimittel AG, Bio-Rad Laboratories, Applikon Biotechnology B.V. (Getinge), Agilent technologies, Solida Biotech GmBH, Fujifilm Healthcare, Catalent Inc., and Asahi Kasei Medical Inc.
A key trend in the Bioprocessing Technology market includes the Advancement in bioprocessing technology is a key trend gaining popularity in the bioprocessing technology market. Major companies operating in the bioprocess technology market are focusing on advancement in bioprocess technologies to sustain their position in the market.
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The Bioprocessing Technology market is segmented -
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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bioprocessing Technology market.
The Business Research Company's "Global Bioprocessing Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bioprocessing Technology Market Include:
1. Executive Summary
2. Bioprocessing Technology Market Characteristics
3. Bioprocessing Technology Market Trends And Strategies
4. Bioprocessing Technology Market - Macro Economic Scenario
5. Bioprocessing Technology Market Size And Growth
……
27. Bioprocessing Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bioprocessing Technology Market
29. Bioprocessing Technology Market Future Outlook and Potential Analysis
30. Appendix
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