Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 220.31 Million | USD 1,328.85 Million | CAGR at 22.10% | 2023 |
According to the report published by Zion Market Research, the global Bioprocessing Systems Market size was valued at USD 220.31 Million in 2023 and is predicted to reach USD 1,328.85 Million by the end of 2032. The market is expected to grow with a CAGR of 22.10% during the forecast period. The report analyzes the global Bioprocessing Systems Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Bioprocessing Systems Market industry.
For the manufacturing of the biologics there is a requirement of the complicated process and thus the manufacturers prefer outsourcing it. Bioprocessing is the process which helps in the manufacturing of the bio-based products which includes fatty acids and vegetable oils. The major applications where the bioprocess systems are used include vaccines, biosensors, tissue engineering, and biopharmaceuticals
The global market for the bioprocessing systems is fragmented into its process, applications, and end-user industries.
On the basis of process, the global market for the bioprocessing system is segregated into downstream, integrated, upstream, and single use.
On the basis of application, the market is categorized into cell therapy and plant cell cultivation, tissue engineering, bioreactors and mixers, chromatography, environmental management aid, vaccine development, filters, biosensors, plasma fractionation, and bio-therapeutic molecule production.
On the basis of end-user industries, the market is divided into specialty products and industrial chemicals, biopharmaceutical, food and beverages, and nutraceuticals.
The key factor that is fuelling the growth of the global bioprocessing systems market is the growing demand for the products that are bio based. There is a growing demand for the bioprocessing systems in the industries such as pharmaceuticals, chemicals, food, nutraceuticals, and polymers. The increasing rate of the automation in various industrial processes has decreased the rate of human errors thus triggering the growth of the bioprocessing systems market. The other factors that are fuelling the growth of the market are the increasing requirement for the biopharmaceutical production, the rise in the occurrences of the chronic diseases, low manufacturing costs when compared with the artificial supply of the materials, and the advancements that are made in the infrastructure.
Report Attributes | Report Details |
---|---|
Report Name | Bioprocessing Systems Market Research Report |
Market Size in 2023 | USD 220.31 Million |
Market Forecast in 2032 | USD 1,328.85 Million |
Growth Rate | CAGR of 22.10% |
Number of Pages | 196 |
Key Companies Covered | Pall Corporation, Nordson Medical's, Thermo Fisher Scientific Inc., PBS Biotech, Inc., Lonza, GE Healthcare Bio-Sciences AB, Robert Bosch GmbH., and EMD Millipore Corporation. |
Segments Covered | By Process, By Applications, By End-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
According to the regional study, the global market for the balanced salt solution for cell culture is diversified into Eastern Europe, North America, Asia Pacific, Latin America, Western Europe, and the Middle East and Africa. The regions that are currently contributing a good share in the bioprocessing market are Europe and North America. The factors that are contributing to the market growth in these regions are the growing demand for the nutraceutical and the biopharmaceutical industries and increased applications such as in life sciences, food and beverages, and others.
The market in Asia Pacific region is also growing at a good rate owing to the factors such as the rapid economic development, rise in the use of the industrial chemicals in the nutraceutical industries, and the huge demand for the products that are bio based in the food and beverage sector. As the potential market players are investing in this region for the market development thus it is expected that the market will grow in the Asia Pacific region in the coming years.
The key market players that are involved in the bioprocessing systems include:
By Process
By Applications
By End-user
Global Bioprocessing Systems Market: Regional Segment Analysis
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