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Exponential Growth Expected in Digital Biomanufacturing Market: Key Trends, Market Drivers, and Forecasts 2024-2029
Digital Biomanufacturing Market Outlook
What Is The Projected Market Size Of The Global Digital Biomanufacturing Market And Its Growth Rate?
The digital biomanufacturing market has seen significant growth recently and this trend is expected to continue:
•The market size was $21.11 billion in 2024 and is expected to increase to $23.82 billion in 2025, with a CAGR of 12.8%.
•Key growth in the historic period can be attributed to the increasing complexity of biopharmaceuticals, a rise in personalized medicine, demand for cost-effective production, bioprocess optimization, quality control, and regulatory compliance.
•The digital biomanufacturing market will likely continue its rapid growth in the coming period, predicted to reach $40.43 billion in 2029 at a CAGR of 14.1%.
•Expectations for future growth include the introduction of blockchain for supply chain transparency, advanced process control (APC) systems, an emphasis on sustainability, interconnected biomanufacturing ecosystems, and the implementation of biomanufacturing in emerging markets.
What Is Driving The Growth In The Digital Biomanufacturing Market?
The escalated demand for biologics is the chief factor propelling the growth of the digital biomanufacturing market. Biologics encompass a broad spectrum of pharmaceuticals including vaccines, growth factors, immunological modulators, monoclonal antibodies, and drugs produced from human blood and plasma. Digital biomanufacturing technology is exploiting these advancements to boost biologics production and optimize processes, improving quality control, reducing costs, and shortening production times. According to Cell & Gene, as an example, there were 27 FDA-approved cell and gene therapies (CGTs) in February 2023, making up about 8% of the 340 approved biologics in 2022, an increase from the 22 approved the previous year.
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Who Are the Key Players Driving Digital Biomanufacturing Market Growth?
Key players contributing to the digital biomanufacturing market growth include:
•Sanofi SA
•Thermo Fisher Scientific Inc.
•Honeywell International Inc.
•3M Company
•SAP SE
•Danaher Corporation
•ABB AG
•Siemens Healthineers AG
•Emerson Electric Co
•GE HealthCare Technologies Inc.
•Atos SE
•Agilent Technologies Inc.
•Cytiva Europe GmbH
•Lonza Group AG
•Dassault Systèmes SE
•Sartorius AG
•BioMérieux
•Donaldson Company Inc.
•Pall Corporation
•Eppendorf AG
•Symphony Innovation LLC
•Koch Membrane Systems Inc.
•Culture Biosciences Inc.
•Bota Biosciences Inc.
•Shimadzu Corporation
•e-MSion
•Exponential Genomics Inc.
•Immersciobio GmbH
What Are The Key Trends In The Digital Biomanufacturing Market?
Key trends in the digital biomanufacturing market include:
•Integration of artificial intelligence (AI)
•Adoption of digital twins for bioprocessing
•Advancements in biotechnology
•Industry 4.0 integration
•Real-time monitoring and control
What Are The Segments Of The Global Digital Biomanufacturing Market?
The digital biomanufacturing market segments are:
1)By Type: Manufacturing Technologies, Analytical And Process Control Technologies, Software, Other Types
2)By Types Of Biologic(s) Manufactured: Antibodies, Cell And Gene Therapies, Proteins, Vaccines, Other Types
3)By Technology: AI And IoMT Solutions, Process Analytical Technologies, Data Analytics Software, Predictive Analytics And Digital Twin Technologies, Other Technologies
4)By Application: BioProcess Optimization, Biomanufacturing Process Automation And Control, Other Applications
5)By End User: Biopharmaceutical Companies, Academic And Research Institutes
Which Region Leads The Digital Biomanufacturing Market?
North America led the digital biomanufacturing market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the global digital biomanufacturing market in the forecast period. Other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Digital Biomanufacturing Market Global Market Report?
- Market Size Analysis: Analyze the Digital Biomanufacturing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Digital Biomanufacturing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Digital Biomanufacturing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Digital Biomanufacturing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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