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Future of the Bioprocess Technology Market: Strategic Analysis and Forecast to 2034
Bioprocess Technology
Bioprocess Technology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the bioprocess technology market has experienced significant expansion. The market valuation is predicted to surge from $25.08 billion in 2024 to $29.01 billion in 2025, with a compound annual growth rate (CAGR) of 15.7%. Several factors, including growth in the biopharmaceutical industry, a rise in chronic diseases, supportive regulations, enhanced research and development activities, as well as the global expansion of biopharmaceutical production, are credited for the historic period growth.
Bioprocess Technology Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the bioprocess technology market is predicted to experience rapid expansion. The market size is estimated to reach $52.94 billion in 2029, with a 16.2% compound annual growth rate (CAGR). The anticipated growth in this period is due to several factors, including the rise of single-use bioprocessing, cell and gene treatments, bioprocessing for eco-friendly practices, an increase in the outsourcing of bioprocessing services, and preparedness for worldwide pandemics. Major trends during the forecast period are expected to entail single-use bioprocessing, ongoing bioprocessing, enhanced analytics and process supervision, personalized medical treatments and cell therapies, strategic alliances and partnerships, and advancements in gene editing technologies.
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What Are the Drivers Transforming the Bioprocess Technology Market?
The bioprocess technology market is poised for growth, fueled by increasing demand from healthcare industries. These industries encompass companies or entities providing medical and health-related goods, services, and technologies. Bioprocess technology employs living cells, such as bacterial or mammalian cells, to manufacture therapeutic proteins, vaccines, and other biologics. These products are vital in the production of biopharmaceuticals and other healthcare products. As per the Office for National Statistics, a UK-based statistical organization, UK's healthcare expenditure for 2022 was approximately $354.88 billion (£283 billion), marking a nominal increase of 0.7% compared to the previous year's expenditure. Hence, the escalating demand from healthcare industries is catalyzing the expansion of the bioprocess technology market.
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What Long-Term Trends Will Define the Future of the Bioprocess Technology Market?
Leading firms in the bioprocess technology sector are stepping up their game by innovating sophisticated products like the Livit Flex, in an attempt to outstrip their competition. Designed to speed up research and development (R&D) of pharmaceuticals and biotech products, Livit Flex stands as a remarkable and perceptive system for bioprocess control. In 2022's final month, the healthcare company, Getinge based in Sweden, initiated the launch of Livit Flex. Offering flexibility, ease of customization, simplicity, and cost and time-efficiency, Livit Flex sits perfectly for process optimization. With smart sensor technology embedded within and user-friendly software functionalities, the product enables users to establish parallel experiments swiftly and monitor every data from a singular, central location. Livit Flex can be set as a sole or dual control system for single-utilization or multi-utilization bioreactors to maximize the use of laboratory bench space.
Which Segments in the Bioprocess Technology Market Offer the Most Profit Potential?
The bioprocess technology market covered in this report is segmented -
1) By Type: Cell Culture, Cell Expansion, Flow Cytometry, Cell Line Development, Virus Infiltration
2) By Application: Biopharmaceuticals, Specialty Products, Industry Chemicals, Environment Management Aid
3) By End User: Hospitals, Research labs, Medical Institutions, Other End Users
Subsegments:
1) By Cell Culture: Mammalian Cell Culture, Microbial Cell Culture, Insect Cell Culture
2) By Cell Expansion: Adherent Cell Expansion, Suspension Cell Expansion
3) By Flow Cytometry: Cell Analysis, Cell Sorting
4) By Cell Line Development: Hybridoma Technology, Recombinant Cell Line Development
5) By Virus Infiltration: Viral Vector Production, Virus Filtration Techniques
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Which Firms Dominate the Bioprocess Technology Market by Market Share and Revenue in 2025?
Major companies operating in the bioprocess technology market include Sartorius AG, Thermo Fisher Scientific Inc., Lonza Group AG, F. Hoffmann-La Roche Ltd., Becton Dickinson and Company, Merck KGa, GE Healthcare, Eppendorf AG, Bio-Rad Laboratories, Alere Inc., Fujifilm Healthcare Americas Corporation, Catalent Inc., Asahi Kasei Medical America Inc., Advanced Instruments LLC, Nova Biomedical Corporation, MilliporeSigma, Repligen Corporation, Danaher Corporation, PerkinElmer Inc., Applikon Biotechnology, New Brunswick Scientific Co. Inc., Avid Bioservices, ZETA Holding GmbH, Meissner Filtration Products, ABL Europe, ARTeSYN Biosolutions, Charles River Laboratories, Parker Hannifin Corporation, Shimadzu Corporation, 3M, Eppendorf Biochip Systems, Fermenter Bioreactor, YMC Europe GmbH, Solaris Biotechnology Srl, Aber Instruments, Cytiva
Which Regions Offer the Highest Growth Potential in the Bioprocess Technology Market?
North America was the largest region in the bioprocess technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the bioprocess technology market report during the forecast period. The regions covered in the bioprocess technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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