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Key Trends Reshaping the Bioprocess Technology Market: Getinge Livit Flex Redefines Bioprocess Technology For Pharmaceutical And Biotech Advancements Industry Transformation
Bioprocess Technology
Bioprocess Technology Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the bioprocess technology market has experienced a swift expansion. The market size, which is projected to be $25.08 billion in 2024, is forecasted to rise to $28.71 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.5%. The ascension is a result of several factors - the expansion of the biopharmaceutical industry, mounting incidence of chronic diseases, regulatory endorsement, augmentation of research and development exercises, and the worldwide spread of biopharmaceutical production.
How Will the Bioprocess Technology Market Size Evolve and Grow by 2029?
The bioprocess technology market is predicted to experience accelerated growth in the foroming years, swelling to a value of $51.09 billion in 2029 with a compound annual growth rate (CAGR) of 15.5%. This surge during the forecast period can be ascribed to the advent of single-use bioprocessing, cell and gene therapies, bioprocessing meant for sustainable approaches, an upsurge in the outsourcing of bioprocessing services, and preparedness for global pandemic situations. Notable trends for the forecast period cover single-use bioprocessing, continuous bioprocessing, advanced analytics and process surveillance, customized medicine and cellular treatments, strategic alliances and partnerships, and gene modification technologies.
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What Drivers Are Propelling the Growth of Bioprocess Technology Market Forward?
The burgeoning need from healare sectors is projected to propel the bioprocess technology market's expansion in the future. This refers to firms or entities that deliver medical and health-orientated products, services, and technologies. Bioprocess technology leverages live cells such as bacteria or mammalian cells to manufacture therapeutic proteins, vaccines, and other biomedical compounds, contributing to the production of biopharmaceuticals and other medical products. For example, the Office for National Statistics, a UK-based statistics institution, reported that the UK healare expenditure approximated to $354.88 billion (£283 billion) in 2022, demonstrating a nominal increase of 0.7% relative to the expenditure in 2021. Hence, the accelerating demand in the healare sectors is fostering the bioprocess technology market's growth.
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Which Emerging Trends Are Transforming the Bioprocess Technology Market in 2025?
Prominent firms in the bioprocess technology sector are developing technologically superior products, like the Livit Flex, to establish a competitive advantage. Livit Flex is an ingenious system for bioprocess control engineered to speed up research and development in pharmaceuticals and biotech products. As an example, in December 2022, Getinge, a healare firm based in Sweden, launched the Livit Flex. Its distinguishing features include flexibility, customization, simplicity, as well as time and cost-efficiency to help optimize various processes. It comes with intelligent sensor technology and user-friendly software features, allowing users to swiftly initiate parallel experiments and supervise all dataset from a singular location. With its option to configure as a single or dual control system, Livit Flex is apt for either single-use or multiple-use bioreactors, optimizing lab bench space.
What Are the Key Segments in the Bioprocess Technology Market?
The bioprocess technologymarket 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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Who Are the Key Players Shaping the Bioprocess Technology Market's Competitive Landscape?
Major companies operating in the bioprocess technology market include Sartorius AG, Thermo Fisher Scientific Inc., Lonza Group AG, F. Hoffmann-La Roche Ltd., Becton inson and Company, Merck KGa, GE Healare, Eppendorf AG, Bio-Rad Laboratories, Alere Inc., Fujifilm Healare 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
What Geographic Markets Are Powering Growth 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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