Press release
Asia-Pacific Continuous Bioprocessing Market Poised to Surpass $181.1 Million by 2030
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Key Growth Drivers:
The ascending trajectory of the Asia-Pacific continuous bioprocessing market is underpinned by several factors, including the burgeoning landscape of biopharmaceuticals in Asian countries. A surge in manufacturing and research-related outsourcing of biopharmaceuticals, expansions in Contract Development and Manufacturing Organizations (CDMOs), advancements in bioprocessing technologies, and an uptick in partnerships and collaborations among industry players for biopharma manufacturing collectively contribute to the market's robust growth. Moreover, the paradigm shift towards bioprocessing 4.0 and the increasing adoption of personalized medicines present significant growth opportunities.
Challenges and Restraints:
Despite the optimistic outlook, challenges persist in the form of limitations associated with continuous bioprocessing. Furthermore, the hesitancy among manufacturers to transition from batch manufacturing to continuous manufacturing poses challenges for market players.
Key Market Players:
Prominent players steering the Asia-Pacific continuous bioprocessing market include 3M (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.).
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The Asia-Pacific continuous bioprocessing market is meticulously segmented by Meticulous Research across Product (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), Application (Commercial Applications [Monoclonal Antibodies (mAbs) Production, Cell and Gene Therapy Production, Vaccine Manufacturing, Plasma Fractionation, and Recombinant Protein Production], R&D), and End User (Pharmaceutical and Biotechnology Contract Development and Manufacturing Organizations (CDMOs) and Contract Research Organizations (CROs), and Academic and Research Institutes).
In 2023, the Filtration Systems and Consumables segment is forecasted to dominate the market, driven by its widespread utilization in various biopharmaceutical processing steps. The highest revenue share of this segment is attributed to the recurring use of filtration at every step in bioprocessing and advancements in filtration technologies.
Commercial Applications are expected to command the largest market share in 2023, buoyed by growing initiatives supporting biopharmaceutical adoption, increased biopharmaceutical manufacturing outsourcing, and accelerated developments in personalized therapies.
The Pharmaceutical and Biotechnology Companies segment is anticipated to hold the largest market share among end users in 2023, owing to capacity expansions by biopharmaceutical manufacturers and the widespread adoption of biopharmaceutical processing equipment for bioproduction in the pharmaceutical and biotechnology sectors.
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Market Outlook by Country:
This comprehensive research report assesses the continuous bioprocessing market in Asia-Pacific, covering countries such as China, India, Japan, Singapore, South Korea, Australia, New Zealand, Indonesia, and the Rest of Asia-Pacific. In 2023, China is poised to lead the market, driven by a growing focus on the pharmaceutical and biopharmaceutical industry, increased investment in biosimilars, and supportive initiatives for CDMOs.
Key Report Highlights:
The report answers pivotal questions about high-growth market segments, historical market trends, forecasts for 2023-2030, major market drivers, restraints, opportunities, and challenges in the Asia-Pacific continuous bioprocessing market. Additionally, it profiles major players, analyzes the competitive landscape, and provides insights into recent developments and strategies adopted by key players in the Asia-Pacific continuous bioprocessing market.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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