Press release
Digital Biomanufacturing Market Expands as Biopharmaceutical Companies Adopt Smart Factory Technologies Globally
Digital Biomanufacturing Market
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According to the latest research by InsightAce Analytic, the global Digital Biomanufacturing market is valued at 19.04 Billion in 2022, and it is expected to reach 57.69 Million by the year 2031 with a CAGR of 13.2% during a forecast period of 2023-2031.
Digital biomanufacturing refers to the integration of advanced digital technologies, such as computer-aided design (CAD) and computer-assisted machining (CAM), into biomanufacturing processes. These technologies are employed to enhance operational efficiency, improve product quality and safety, and reduce overall production costs. Robotic automation systems, including microfluidic devices, are utilized to achieve higher precision in applications such as cell culture and tissue engineering. Additionally, digital biomanufacturing supports efficient inventory management through the use of embedded sensors and wireless communication networks, enabling real-time remote monitoring of individual production units.
Automated control systems facilitate real-time production monitoring, which contributes to greater sustainability by minimizing maintenance expenses and reducing the occurrence of batch failures. To consistently produce high-quality biologics and optimize production yields, biomanufacturing operations must manage bioprocesses autonomously and efficiently. This drive for operational excellence is expected to fuel the growth of the digital biomanufacturing market, particularly in response to the rising global demand for biologic therapies.
Furthermore, transitioning to manufacturing systems with reduced reliance on manual labor, smaller facility footprints, and enhanced scalability and automation across various drug modalities could offer significant advantages. However, several challenges may impede market growth. These include limited adoption of advanced technologies, insufficient awareness among industry stakeholders, and concerns over the return on investment (ROI). Establishing standardized ROI metrics is crucial for consistent project evaluation and strategic decision-making across an organization's portfolio.
Moreover, the increasing digitalization of manufacturing introduces cybersecurity risks. A cyber-biosecurity breach could compromise data integrity, disrupt production processes, and pose direct threats to patient safety. In the context of a global health crisis, such vulnerabilities could significantly undermine response efforts. Therefore, maintaining robust cybersecurity frameworks is critical as the biomanufacturing industry continues to adopt innovative digital technologies.
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North America is anticipated to be the major contributor to the Digital Biomanufacturing market over the forecast years. Businesses in North America increasingly prefer to digitalize their biologics. In addition, industrial companies are spending a lot of money on digital technology and related assets to boost productivity and cut costs. To increase productivity and energy efficiency, local governments fund research and development projects to install cutting-edge sensor networks, process controls, and data analytics in industrial businesses. In addition, the Asia Pacific Digital Biomanufacturing market is expected to grow significantly during the forecast period. This can be due to rising R&D expenditures, technical breakthroughs, and the region's highly developed healthcare industry. Additionally, increasing demand for biopharmaceuticals and advanced knowledge of cutting-edge technology promote regional growth.
Major market players operating in the Digital Biomanufacturing market include Agilent Technologies Inc., Danaher Corporation, Donaldson Company, Inc., Bota Biosciences, Culture Biosciences, e-Matica Srl, Exponential Genomics, Inc. (Xenomics), FabricNano, Emerson Electric Co., General Electric Company, Honeywell International Inc., SAP SE, Siemens Healthineers AG, OVO Biomanufacturing and Symphony Innovation, LLC.
Recent collaborations and agreements in the market:
• In August 2021, BIO-Europe 2021 brought together global leaders in the biopharmaceutical and investment industries to build alliances that would support innovation and medical achievements. The framework of the event has been expanded to four 24-hour days to allow for partner engagements with delegates from all across the world. BIO-Europe is produced by EBD Group, the world's leading partnering firm in the life sciences sector, with cooperation from the Biotechnology Innovation Organization (BIO).
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Market Segments
Global Digital Biomanufacturing Market, by Application, 2022-2030 (Value US$ Mn)
• Biomanufacturing Process Automation and Control
• Bioprocess Optimization and Process Analytics
• Flexible Manufacturing
Global Digital Biomanufacturing Market, by End-User, 2022-2030 (Value US$ Mn)
• Biopharmaceutical Companies
• Academic and Research Institutes
Global Digital Biomanufacturing Market, by Technology, 2022-2030 (Value US$ Mn)
• AI and IoMT Solutions
• Process Analytical Technologies
• Data Analytics Software
• Predictive Analytics and Digital Twin Technologies
• Others
Global Digital Biomanufacturing Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Digital Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Digital Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Digital Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Digital Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Digital Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Digital Biomanufacturing market
To receive an industry overview and future trends of the Digital Biomanufacturing market
To analyze the Digital Biomanufacturing market drivers and challenges
To get information on the Digital Biomanufacturing market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Digital Biomanufacturing market industry
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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