Continuous Bioprocessing Market to Surge to $1.32 Billion by 2031

Redding California, March 15, 2024 - Meticulous Research®, a leading provider of market intelligence and advisory services, has unveiled a comprehensive report titled 'Continuous Bioprocessing Market by Product, Process, Application, and End User-Global Forecast to 2031', projecting the continuous bioprocessing market to soar to a valuation of $1.32 billion by 2031, showcasing a remarkable CAGR of 19.6% from 2024 to 2031.

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Continuous bioprocessing has emerged as a pivotal trend within biopharmaceutical manufacturing, characterized by its agility, flexibility, efficiency, and robustness. This transformative approach streamlines processes, reduces the number of steps and holds, necessitates smaller facilities with limited equipment, and enhances product quality, facilitating real-time release. With its cost efficiency and heightened product quality, the adoption of continuous bioprocessing within the biopharmaceutical sector is poised for substantial growth in the forthcoming years.

The report delves into the multifaceted realm of continuous bioprocessing, encompassing an array of products such as filtration systems, chromatography systems, bioreactors, incubators, centrifuges, and a myriad of reagents. Additionally, it elucidates the revolutionary concept of Bioprocessing 4.0, an interconnected bioprocess ecosystem leveraging the Industrial Internet of Things (IIoT) to optimize processes through feedback loops and advanced technologies like Machine Learning (ML) and Artificial Intelligence (AI).

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In the wake of burgeoning opportunities, fueled by rapid developments in emerging economies, escalating research endeavors in biologics, and the expanding penetration of biopharmaceuticals, market stakeholders are poised to capitalize on the growing demand for continuous bioprocessing technologies. As the biopharmaceutical landscape gravitates towards Bioprocessing 4.0, catalyzed by initiatives akin to Germany's Industry 4.0, the momentum surrounding Biopharma 4.0 has witnessed a steady ascent, presenting a fertile ground for market expansion.
The report scrutinizes key market players including 3M Company, Thermo Fisher Scientific, Inc., Sartorius AG, Eppendorf AG, Danaher Corporation, Merck KGaA, Repligen Corporation, Getinge AB, Bionet, Corning Incorporated, Fujifilm Holdings Corporation, Entegris, Inc., and Meissner Corporation, offering invaluable insights into their strategic initiatives and contributions to the continuous bioprocessing landscape.

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Among the diverse product segments analyzed, the filtration systems & consumables segment is poised to exhibit the highest CAGR during the forecast period, underpinned by technological advancements and escalating investments in filtration technologies. Notably, investments such as the $150 million infusion by 3M Company in advancing biopharma filtration technology underscore the burgeoning potential of this segment.

Furthermore, downstream processes are projected to dominate the continuous bioprocessing market in 2024, driven by their indispensable role in ensuring final product quality, particularly in vaccine production and viral inactivation. Strategic collaborations, exemplified by Sartorius AG's partnership with RoosterBio, Inc., are instrumental in propelling innovation in downstream purification processes.

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In terms of applications, the commercial applications segment is poised for prominence in 2024, fueled by investments in facilities conducive to continuous bioprocessing and the escalating demand for affordable biopharmaceutical products. The shift towards personalized medicines further amplifies the adoption of continuous biomanufacturing in commercial applications.

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Lastly, the report anticipates the CDMOs & CROs segment to register the highest CAGR during the forecast period, buoyed by the operational efficiencies and cost savings afforded by continuous bioprocessing. North America is slated to spearhead market growth, attributed to robust R&D endeavors, burgeoning pharmaceutical expenditure, and governmental initiatives bolstering biopharmaceutical research.

Mr. Khushal Bombe
Meticulous Market Research Inc.
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This release was published on openPR.