Global Bioprocessing Technology Market to Reach $49.92 Billion by 2029, Growing at 14.5% CAGR

What Is the Expected Size and Growth Rate of the Bioprocessing Technology Market?
The market size of bioprocessing technology has seen a significant surge in the past few years. It is set to grow further, from $25.1 billion in 2024 to $29.06 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. This historical growth is fueled by the rising demand for biopharmaceuticals, the broadening scope of the biotech and life sciences sectors, an increase in investments towards research and development, the globalization of the biopharmaceutical market and a focus on cost-efficiency and process optimization.

In the coming years, it is anticipated that the bioprocessing technology market will experience a burst of rapid expansion, with its overall size predicted to reach $49.92 billion by 2029 which implies a 14.5% compound annual growth rate (CAGR). The predicting surge within the forecast period can be linked to factors such as the growth in biomanufacturing capacity, the advent of superior therapies, the rising emphasis on single-use bioprocessing systems, the growing adoption of continuous bioprocessing, along with strategic alliances and partnerships. Key trends expected to shape this market in the forecast period include the rise of personalized medicine and precision bioprocessing, regulatory compliance and quality assurance efforts, a global expansion in biopharmaceutical production, increased emphasis on environmental sustainability, alongside collaborations and partnerships.

What Factors Are Fueling Growth in the Bioprocessing Technology Market?
The rise in chronic disease cases is predicted to fuel the expansion of the bioprocessing technology market. Chronic diseases refer to enduring health conditions that last for at least a year and limit daily activities, necessitate ongoing healthcare, or both. Bioprocessing technologies revolve around the development of therapeutic proteins, polysaccharides, vaccines, and diagnostic essentials to treat these diseases. As such, the upsurge in chronic disease cases will underpin the growth of the bioprocessing technology market. For example, the World Health Organization, a United Nations entity headquartered in Switzerland, forecasted in February 2024 that more than 35 million new cancer cases will emerge by 2050, a 77% increase over the predicted 20 million cases in 2022. Consequently, the multiplication in chronic disease occurrences will stimulate the bioprocessing technology market's growth.

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Which Leading Companies Are Shaping the Growth of the Bioprocessing Technology Market?
Major companies operating in the bioprocessing technology market report are Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Danaher Corporation, Lonza Group AG, GE Healthcare, Waters Corporation, STADA Arzneimittel AG, Bio-Rad Laboratories Inc., Applikon Biotechnology B.V., Agilent Technologies Inc., Solida Biotech GmbH, Fujifilm Healthcare Corporation, Catalent Inc., Asahi Kasei Medical Inc., Amgen Inc., Eppendorf AG, Repligen Corporation, Becton Dickinson and Company, MilliporeSigma, Novasep, Boehringer Ingelheim GmbH, Cytiva AB, Wuxi Biologics, AGC Biologics, Samsung Biologics, AbbVie Inc., Bristol Myers Squibb Company, Pfizer Inc., Roche Holding AG

What Are the Major Trends Shaping the Bioprocessing Technology Market?
The progression of bioprocessing technology is a notable trend escalating in esteem in the bioprocess technology market. Numerous prominent companies in the bioprocess technology market are honing their focus on enhancing their bioprocess technologies to maintain their market footing. For example, Univercells Technologies Inc., a biotechnology firm based in Belgium, in October 2022, introduced their new scale-x technology, named the scale-X cell collect module. This groundbreaking solution aims to ease the inoculation phase for large-scale bioreactors by employing automation and intensification concepts. The scale-X is engineered to minimize aseptic risk and ensure high repeatability, all while cutting costs, operational time, and spatial requirements.

What Are the Key Segments of the Bioprocessing Technology Market?
The bioprocessing technology market covered in this report is segmented -

1) By Product: Biologics Safety Testing, Cell Culture, Cell Expansion, Cell Line Development, Flow Cytometry, Tangential Flow Filtration
2) By Application: Antibiotics, Biosimilars, Recombinant Proteins, Other Applications
3) By End Use: Biopharmaceutical Companies, Contract Manufacturing Organization, Academic Research Institutes, Food and Feed Industry, Contract Research Organization

Subsegments:
1) By Biologics Safety Testing: Endotoxin Testing, Sterility Testing, Viral Safety Testing
2) By Cell Culture: Mammalian Cell Culture, Microbial Cell Culture, Insect Cell Culture
3) By Cell Expansion: Manual Cell Expansion, Automated Cell Expansion
4) By Cell Line Development: Hybridoma Technology, Recombinant Cell Line Development
5) By Flow Cytometry: Cell Sorting, Cell Analysis
6) By Tangential Flow Filtration: Microfiltration, Ultrafiltration

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Which Region Dominates the Bioprocessing Technology Market?
North America was the largest region in the bioprocessing technology market in 2023. The regions covered in the bioprocessing technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Bioprocessing Technology Global Market Report?

- Market Size Analysis: Analyze the Bioprocessing Technology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bioprocessing Technology 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 Bioprocessing Technology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bioprocessing Technology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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