Biopharmaceutical Fermentation Systems Market Analysis 2024: Innovations, Growth Factors, and Key Players

"The Business Research Company recently released a comprehensive report on the Global Biopharmaceutical Fermentation Systems Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The biopharmaceutical fermentation systems market size has grown strongly in recent years. It will grow from $22.57 billion in 2023 to $24.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increasing demand for biologics, regulatory support, industry consolidation, growing investment in research and developments, and evolving healthcare landscape.

The biopharmaceutical fermentation systems market size is expected to see rapid growth in the next few years. It will grow to $36.55 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to expansion of biopharmaceutical pipeline, shift towards personalized medicine, adoption of continuous bioprocessing, emerging market expansion, and advancements in automation and digitalization. Major trends in the forecast period include increased adoption of continuous manufacturing, growth in personalized medicine, expansion of biosimilars market, adoption of advanced analytics and AI, and focus on sustainability and environmental impact.

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Market Drivers and Trends:

The growing biologics pipeline is expected to propel the growth of the biopharmaceutical fermentation systems market going forward. Biologics refer to medicinal products derived from living organisms or their components, including vaccines, blood and blood components, gene therapies, tissues, and recombinant therapeutic proteins. The growing biologics pipeline can be attributed to advancements in biotechnology, increased understanding of disease mechanisms, and the demand for targeted and personalized therapies. Biopharmaceutical fermentation systems are used in biologics production to cultivate genetically engineered cells or microorganisms, enabling the synthesis of complex therapeutic proteins, antibodies, and vaccines on a large scale. For instance, according to the National Library of Medicine, a US-based medical library, in 2023, the Food and Drug Administration (FDA) approved 55 new drugs, including 29 new chemical entities (NCEs) and 25 new biological entities (NBEs), marking a 50% increase compared to the 37 approvals in 2022. Therefore, the growing biologics pipeline is driving the growth of the biopharmaceutical fermentation systems market.

Major companies operating in the biologics fermentation systems market focus on developing advanced fermentation systems, such as automated bioreactors, to enhance efficiency, scalability, and reproducibility. Automated bioreactors are advanced bioprocessing systems that integrate automated control and monitoring technologies to optimize the growth conditions for microorganisms or cells in biopharmaceutical production. For instance, in October 2022, Froilabo, a France-based laboratory equipment company, launched fully automated lab-scale bioreactors. These bioreactors are designed to provide versatility and precision for various applications, including academia, research, process development, and production. These bioreactors offer high-grade aseptic conditions with customizable options for impeller placement and type, featuring a novel magnetic mixer and a non-welded lid.

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Major Key Players of the Market:

F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., 3M Company, Danaher Corporation, Merck KGaA, Becton Dickinson and Company, GE Healthcare, Agilent Technologies Inc., Lonza Group AG, GEA Group AG, Sartorius Stedim Biotech, Bio-Rad Laboratories Inc., Pall Corporation, Nova Biomedical, Eppendorf AG, Repligen Corporation, ZETA Holding GmbH, New Brunswick Scientific, ABEC Inc., Pierre Guérin Technologies, AntoXa Corporation, Applikon Biotechnology, Cellexus Ltd., Infors HT, BioPharm Process Associates LLC

Biopharmaceutical Fermentation Systems Market 2024 Key Insights:

• The biopharmaceutical fermentation systems market size is expected to see rapid growth in the next few years. It will grow to $36.55 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
• Surging Pipeline Of Biologics Fuels Growth In The Biopharmaceutical Fermentation Systems Market
• Advancements In Automated Solutions Transforming The Biopharmaceutical Fermentation Systems Market
• North America was the largest region in the biopharmaceutical fermentation systems market in 2023

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