Meticulous Research® Forecasts: Europe Biopharmaceutical Processing Equipment and Consumables Market Set to Surpass $25.02 Billion by 2030

[Redding, California , 26-02-2024] - Meticulous Research®, a premier provider of market intelligence solutions, announces the release of its exclusive report titled "Europe Biopharmaceutical Processing Equipment and Consumables Market by Product Type {Filtration, Chromatography [Consumables, Equipment], Disposable Bioreactors, Cell Culture Media, Shakers, Services), Application (Vaccine, mAb, R&D), and End User - Forecast to 2030." This in-depth analysis predicts a substantial growth trajectory for the Europe biopharmaceutical processing equipment and consumables market, reaching a value of $25.02 billion by 2030, with a remarkable Compound Annual Growth Rate (CAGR) of 9.7% from 2023.

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Key Insights: Biopharmaceutical processing involves the production of biomolecules such as monoclonal antibodies (mAb), viral vectors, recombinant proteins, and other biological products. It encompasses a range of equipment and consumables including bioreactor vessels, filtration systems, chromatography equipment and consumables, and other related apparatus crucial for maintaining sterile conditions and streamlined reactions.

The market's growth is attributed to several factors including the expansion of the biopharmaceuticals sector, capacity enhancements in biopharmaceutical plants, and the increasing adoption of single-use bioprocessing equipment. However, the complexity of biopharmaceutical development and manufacturing processes presents challenges to market growth.

Opportunities and Trends:

Amidst challenges, opportunities abound with the shift towards Bioprocessing 4.0 and the rising adoption of personalized medicine. Additionally, the use of disposable processing equipment for commercial production and the increasing focus on continuous bioprocessing are emerging trends shaping the Europe biopharmaceutical processing equipment and consumables market.

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Market Dynamics:

Capacity expansions in biopharmaceutical plants are pivotal drivers of market growth. With biosimilars gaining traction, manufacturers are ramping up their production capacities to meet escalating demand. For instance, Catalent, Inc. invested USD 100 million to expand facilities in Anagni, Italy, while Novasep Holdings SAS announced a USD 6.9 million investment in API manufacturing in France. The COVID-19 pandemic also accelerated capacity expansions in vaccine manufacturing plants, further boosting market growth.

Segmentation and Analysis:

The Europe biopharmaceutical processing equipment and consumables market is segmented based on Product Type, Application, End User, and Geography, offering comprehensive insights into market dynamics at various levels. Notably, the filtration systems segment is anticipated to dominate the market in 2023, driven by its widespread usage and the growing trend of single-use filtration systems.

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Among applications, the commercial bioproduction segment is poised for significant growth, fueled by increasing demand for biopharmaceuticals and expansions in manufacturing capacities. Likewise, pharmaceutical and biopharmaceutical companies are expected to be the largest end users, benefiting from government initiatives and investments in biopharmaceutical R&D and production.

Regional Outlook:

Germany is projected to lead the Europe biopharmaceutical processing equipment and consumables market in 2023, buoyed by pharmaceutical export growth and government support for biotech and biopharmaceutical expansions. Notable investments include BioNTech SE's manufacturing facility in Hamburg and Baxter Biopharma Solutions' investment in Halle/Westfalen.

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This release was published on openPR.