Press release
Next-Generation Biomanufacturing Market Future Trends and Scope Analysis Report
The Next-Generation Biomanufacturing Market Size is valued at 22.76 Billion in 2023 and is predicted to reach 48.27 Billion by the year 2031 at a 10.2% CAGR during the forecast period for 2024-2031.
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Services of the second generation of biomanufacturing enable the development and production of a wider variety of products of the highest quality than those of the first generation. These services emphasize single-use technologies such as single-use bio-containers and single-use bioreactors, thereby enhancing the flexibility and efficacy of the process.
Advanced medical technologies, high demand for gene and cell therapy products, rising efforts by the government to develop more efficient next-generation bioprocessing units, high prevalence of chronic & genetic diseases, increasing geriatric population, growing awareness among the people regarding the benefits of next-generation bio-manufacturing, and the availability of well-established healthcare infrastructures are expected to contribute significantly to the market's growth over the forecast period. Complex procedures and specialized apparatus are required for drug and material development and production. As a result, biopharmaceutical companies choose advanced biomanufacturing solutions to improve product quality and efficiency, which is anticipated to increase the production of next-generation biomanufacturing products in the coming years.
On the other hand, factors such as the need for more educated professionals and the complexity of process operations may hinder market adoption during the forecast period.
Regionally, North America dominated this market in 2021 and is anticipated to lead the market for next-generation biomanufacturing over the forecast period (2022-2030), owing to its well-developed biopharmaceutical industries, rapid adoption of modern technologies, and growing use of innovative technologies.
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Key market players operating in the next-generation biomanufacturing market include Applikon Biotechnology BV (Netherlands), bbi-biotech GmbH (Germany), Danaher Corporation (US), Eppendorf AG (Germany), Esco Group of Companies (US), GEA Group Aktiengesellschaft (Germany), Meissner Filtration Products, Inc. (US), Merck KGaA (Germany), PBS Biotech, Inc. (US), Pierre Guérin (France), Sartorius AG (Germany), Shanghai Bailun Biotechnology Co. Ltd. (China), Solaris Biotechnology Srl. (Italy), Thermo Fisher Scientific Inc. (US), ZETA GmbH (Austria), among others.
Key developments in the market:
• In August 2021, PBS Biotech (US) secured its highest funding round with BroadOak Capital Partners to grow its product offerings and capabilities. The budget is used to expand PBS's product offerings and abilities and meet the demand for cell therapies.
• In February 2021, Merck (Germany) partnered with Alteogen, Inc. (South Korea), a company providing late-stage CDMO services through Merck's BioReliance end-to-end solutions. Alteogen selected Merck to develop and produce recombinant biologics for developing and clinically evaluating next-generation therapeutics of monoclonal antibody drugs.
• In November 2020, Merck (Germany) collaborated with Transcenta, a biotherapeutics company, to implement & advance continuous manufacturing for protein therapeutics.
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Market Segments
Global Next-Generation Biomanufacturing Market, by Medical Applications, 2022-2030(Value US$ Bn)
• Monoclonal Antibodies
• Hormones
• Vaccines
• Recombinant Proteins
• Other Applications
Global Next-Generation Biomanufacturing Market, by Products, 2022-2030(Value US$ Bn)
• Continuous Upstream Biomanufacturing Products
• Single-Use Upstream Biomanufacturing Products
• Downstream Biomanufacturing Products
Global Next-Generation Biomanufacturing Market, by Workflow, 2022-2030(Value US$ Bn)
• Upstream Biomanufacturing
• Downstream Biomanufacturing
Global Next-Generation Biomanufacturing Market, by End-Users, 2022-2030(Value US$ Bn)
• Biopharmaceutical Companies
• CMOs (Contract manufacturing organizations)/CDMOs (Contract Development and Manufacturing Organization)
• Research Institutions
Global Next-Generation Biomanufacturing Market, by Region, 2022-2030(Value US$ Bn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Next-Generation Biomanufacturing Market, by Country, 2022-2030(Value US$ Bn)
• U.S.
• Canada
Europe Next-Generation Biomanufacturing Market, by Country, 2022-2030(Value US$ Bn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Next-Generation Biomanufacturing Market, by Country, 2022-2030(Value US$ Bn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Next-Generation Biomanufacturing Market, by Country, 2022-2030(Value US$ Bn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Next-Generation Biomanufacturing Market, by Country, 2022-2030(Value US$ Bn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
> To receive a comprehensive analysis of the prospects for the global next-generation biomanufacturing market
> To receive an industry overview and future trends of the next-generation biomanufacturing market
> To analyze the next-generation biomanufacturing market drivers and challenges
> To get information on the next-generation biomanufacturing market size (Value US$ Bn) forecast to 2030
> Significant investments, mergers & acquisitions in the
For More Information: https://www.insightaceanalytic.com/report/global-next-generation-biomanufacturing-market-/1261
Other Related Reports Published by InsightAce Analytic:
Global iPSCs Manufacturing Services Market
Global Biopharmaceutical Excipient Manufacturing Market
Global Allogeneic Cell Therapy Manufacturing Market
Global mRNA Synthesis and Manufacturing Services Market
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