Press release
Bioprocess Technology Market Forecast 2024-2030: Innovations in Biomanufacturing and Process Optimization
Bioprocess Technology Market
The global Bioprocess Technology Market is set to witness substantial growth, with the market size reaching a staggering USD 56.20 billion by 2030, according to the latest report. The industry, valued at USD 25.58 billion in 2023, is expected to experience a robust CAGR of 11.9% from 2024 to 2030.
Bioprocess technology, a revolutionary field harnessing living cells to manufacture diverse products in pharmaceuticals, biofuels, food, and chemicals, is riding a wave of innovations and strategic collaborations. Major industry players, including Thermo Fisher Scientific, Merck KGaA, Sartorius AG, and Danaher Corporation, are at the forefront, investing significantly in cutting-edge technologies to meet the growing demand for biopharmaceuticals, biofuels, and sustainable solutions.
Bioprocess Technology Market Overview:
MMR published the Bioprocess Technology market report. The report analyses the Bioprocess Technology market growth during the forecast period of 2024-2030. The report also insights into market value, growth rate, market segments, geographical coverage, market players and their recent developments.
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Bioprocess Technology Market Report Scope and Research Methodology:
The Bioprocess Technology market report covers an in-depth analysis of key developments, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. The report is based on primary and secondary research methodologies and provides a comprehensive analysis of the global alginates & derivatives market.
Bioprocess Technology Market Segmentation:
By Product
Instruments and Equipment
Consumables
Software
By Technology
CellCulture Technology
Downstream Processing
Analytical Technologies
The Bioprocess Technology Market was led by Cell Culture Technology in 2023 and is anticipated to remain so for the duration of the forecast period. Its broad use in regenerative medicine, protein therapies, and vaccine production propels its significant adoption.
By Application
Biopharmaceutical Production
Industrial Biotechnology
Food and Beverages
Environmental Applications
By End-User
Biopharmaceutical Companies
Academic and Research Institutes
Food and Beverage Industry
Others
According to market share, Biopharmaceutical Production led the Bioprocess Technology Market in 2023 and is anticipated to continue to do so throughout the projected period. For example, the market saw a 12% annual growth rate in biopharmaceutical production between 2018 and 2023 due to the growing need for biologic drugs. The production of enzymes and biofuels are two areas where industrial biotechnology exhibits substantial growth potential, with an expected market value of USD 5.6 billion in 2023. By comparison, the Food and Beverage industry exhibits a modest level of acceptance, utilising bioprocessing to augment product quality and shelf life, accounting for roughly 18% of the overall market share.
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Bioprocess Technology Market Key Players are:
Major Contributors in the Bioprocess Technology Industry in North America:
1. Amgen Thousand Oaks, California, USA
2. Abec Bethlehem, Pennsylvania, USA
3. Biomarin Pharmaceutical Inc. (BMRN) California, USA
4. United Therapeutics Corp. (UTHR) USA
5. Regeneron Pharmaceuticals USA
6. Kite Pharma USA
7. Gilead Sciences, Inc. USA
8. Genentech, California, USA
Leading players in the Europe Bioprocess Technology Market:
1. Sanofi France
2. Roche Holding AG, Switzerland
3. Sartorius, Goettingen, Niedersachsen, Germany
4. FUJIFILM Diosynth Biotechnologies Billingham, United Kingdom
5. Selvita Krakow, Malopolska, Poland
6. Rentschler Biopharma SE, Laupheim, Baden-Württemberg, Germany
7. Bio Company Se, Berlin, Deutschland, Germany
8. Univercells, Bruxelles, Brussels, Belgium
9. acib GmbH, Graz, Styria, Austria
Key players driving the Asia-Pacific Bioprocess Technology market:
1. BiOZEEN, Bangalore-Urb, Karnataka, India
2. Sartorius Korea Biotech 판교, Korea (the Republic of)
3. Scigenics (India) Pvt. Ltd. Chennai, Tamil Nadu, India
Key questions answered in Bioprocess Technology Market are:
What is the expected Bioprocess Technology market size by 2030?
What is the growth rate of the Bioprocess Technology Market?
Which are the factors expected to drive the Bioprocess Technology market growth?
Which segment dominated the Bioprocess Technology market growth?
Which region held the largest share in the Bioprocess Technology market?
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Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Bioprocess Technology Market Regional Insights:
The report provides insights into the Bioprocess Technology market across regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The Asia Pacific region is expected to lead the Bioprocess Technology market due to the growing demand for Bioprocess Technology in various applications, particularly in China, Japan, and India.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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