Large And Small-Scale Bioprocessing Pipe Market Key Drivers, Segments And Report By 2033

The Business Research Company recently released a comprehensive report on the Global Large And Small-Scale Bioprocessing 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.

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According to The Business Research Company's, The large and small-scale bioprocessing market size has grown rapidly in recent years. It will grow from $52.59 billion in 2023 to $59.63 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to medical industry growth, regulatory standards, technological advancements, pharmaceutical and biotechnology growth, and food safety concerns.

The large and small-scale bioprocessing market size is expected to see rapid growth in the next few years. It will grow to $99.03 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to increasing healthcare expenditure, the expansion of pharmaceutical and biotechnology sectors, technological innovations, regulatory pressures, rising awareness of food safety, and the aftermath of the COVID-19 pandemic. Major trends in the forecast period include the adoption of advanced technologies, geographical expansion, outsourcing of sterilization services, sustainable practices, hybrid sterilization techniques, and customized sterilization solutions.

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Market Drivers and Trends:

The increase in the number of thyroid disorders is expected to propel the growth of the hair growth supplement and treatment market going forward. Thyroid disorders are health conditions characterized by either inadequate or excessive production of hormones by the thyroid gland or the emergence of abnormal growth within the gland. The prevalence of thyroid disorders is increasing due to factors such as environmental elements, genetic tendencies, and lifestyle alterations. Hair growth supplements and treatments are assisting people with thyroid disorders by managing the hair thinning or loss commonly linked to thyroid imbalances, offering a remedy to alleviate the impact of these conditions. For instance, in January 2024, according to Cancer Australia, an Australia-based government agency for cancer, Australia witnessed 112 fatalities attributed to thyroid cancer, with 48 occurring in males and 64 in females in 2020. Projections for 2022 indicated an expected increase, with an estimated total of 143 deaths, comprising 72 males and 71 females. Therefore, the increase in cases of thyroid disorders is driving the growth of the hair growth supplement and treatment market.

Major companies operating in the large and small-scale bioprocessing market are developing innovative products, such as single-use centrifuge systems, to serve customers with advanced features better. Single-use centrifuge systems are disposable, pre-sterilized centrifugation devices designed for separating biological materials in bioprocessing. For instance, in September 2022, Thermo Fisher Scientific Inc., a US-based biotechnology company, launched the DynaSpin Single-Use Centrifuge system. This system is designed to improve large-scale cell culture harvesting by streamlining the separation process, reducing the number of depth filtration cartridges needed, and offering benefits such as improved product yield, operational efficiency, cost savings, and sustainable practices in biologics production. The DynaSpin system helps reduce production costs and supports sustainability goals by significantly decreasing material requirements and waste compared to traditional harvest systems.

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Major Key Players of the Market:

F. Hoffmann-La Roche AG, Merck & Co. Inc., Bayer AG, Sanofi S.A., Bristol Myers Squibb Company, Thermo Fisher Scientific Inc., AstraZeneca PLC, Novartis AG, GlaxoSmithKline PLC, 3M Company, Takeda Pharmaceutical Company Ltd., Danaher Corporation, Boehringer Ingelheim International GmbH, Novo Nordisk A/S, Becton Dickinson and Company (BD), Teva Pharmaceutical Industries Ltd., DAIICHI SANKYO COMPANY LIMITED, Lonza Group, Sun Pharmaceutical Industries Ltd., GE Healthcare Life Sciences, Sartorius AG, Dr. Reddy's Laboratories Ltd., Alkem Laboratories Limited, Piramal Enterprises Ltd

Large And Small-Scale Bioprocessing Market 2024 Key Insights:

• The large and small-scale bioprocessing market size is expected to see rapid growth in the next few years. It will grow to $99.03 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%.
• Surging Demand Of Biologics Fuels Growth In The Large And Small-Scale Bioprocessing Market
• Innovative Single-Use Centrifuge Systems Revolutionize Bioprocessing Market
• North America was the largest region in the large and small-scale bioprocessing market in 2023

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