Europe Continuous Bioprocessing Market Projected to Reach $206.1 Million by 2030
Redding California, February 5,2024] - Meticulous Research, a distinguished global market research firm, has unveiled its latest report, "Europe Continuous Bioprocessing Market by Product (Filtration, Chromatography, Centrifuges, Consumables), Application (Commercial {Vaccines, Monoclonal Antibodies}, R&D), End User (Pharmaceuticals, Biotechnology, CROs)-Forecast to 2030," indicating a substantial growth trajectory in the European continuous bioprocessing sector. Published in August 2023, the report projects a robust Compound Annual Growth Rate (CAGR) of 19.1%, with the market anticipated to surge to $206.1 million by the year 2030.Download Free Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5605
The ascent of the Europe continuous bioprocessing market is fueled by recent breakthroughs in continuous bioprocessing, coupled with product launches that underscore technological advancements. The industry's gradual embrace of continuous manufacturing, coupled with initiatives promoting biopharmaceutical adoption, has further contributed to this optimistic outlook. Additionally, the advent of bioprocessing 4.0 and the escalating demand for personalized medicines are poised to unlock substantial growth opportunities within the market.
However, challenges persist, with the limitations of continuous bioprocessing acting as potential hurdles. The industry also faces resistance from manufacturers hesitant to transition from batch manufacturing to the continuous production model, presenting a nuanced landscape for market players.
The Europe continuous bioprocessing market is characterized by key players such as 3M Company (U.S.), Cytiva (U.S.), Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Sartorius AG (Germany), Repligen Corporation (U.S.), Eppendorf AG (Germany), Applikon Biotechnology (Netherlands), Pall Corporation (U.S.), Solida Biotech GmBH (Germany), Electrolab Biotech Limited (U.K.), Biowest (France), and Bionet (U.S.).
The Europe continuous bioprocessing market is dissected by Meticulous Research into product segments such as Filtration Systems and Consumables, Chromatography Systems and Consumables, Cell Culture Media, Buffers, and Reagents, Incubators and Shakers, Bioreactors, Centrifuges, Sterilizers, and Other Instruments and Consumables. The application landscape includes Commercial Applications (Monoclonal Antibodies Production, Cell and Gene Therapy Production, Vaccine Manufacturing, Plasma Fractionation, and Recombinant Protein Production) and R&D. End-user categorization comprises Pharmaceutical and Biotechnology Companies, Contract Development and Manufacturing Organizations (CDMOs) and Contract Research Organizations (CROs), and Academic and Research Institutes.
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In 2023, Filtration Systems and Consumables are projected to dominate the market, with their pervasive use in various biopharmaceutical processing steps. This includes clarification, filtration of intermediates, final filling applications, and upstream processing for sterilizing-grade filtration of cell culture media. Technological advancements in filtration technologies contribute to the segment's revenue share.
Commercial Applications are expected to command the largest market share in 2023, driven by initiatives supporting biopharmaceutical adoption and the surge in biopharmaceutical manufacturing outsourcing. The heightened development of personalized therapies is anticipated to elevate demand for bioprocessing systems and consumables in the commercial production of monoclonal antibodies (mAbs), vaccines, gene therapies, and recombinant protein-based therapies.
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The Pharmaceutical and Biotechnology Companies segment is forecasted to secure the largest market share among end users in 2023. This dominance is attributed to capacity expansions by biopharmaceutical manufacturers and the extensive adoption of biopharmaceutical processing equipment for bioproduction in the pharmaceutical and biotechnology sectors.
This comprehensive research report evaluates the continuous bioprocessing market in Europe across countries such as Germany, the U.K., France, Spain, Italy, Switzerland, the Netherlands, Belgium, Denmark, Ireland, and the Rest of Europe. Notably, Germany is expected to spearhead the market in 2023, fueled by increasing vaccination programs, government investment in research and development, and a growing demand for biosimilars and personalized medicines.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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