The global bioprocessing analytics equipment industry is on the brink of witnessing exponential growth, according to recent projections. With revenue figures expected to surge from US$ 485.1 million in 2022 to a forecasted US$ 633.6 million by 2028, the market is set to experience a robust Compound Annual Growth Rate (CAGR) of 4.5%.
Emerging as a linchpin in the realms of biotechnology, pharmaceuticals, and healthcare, the Bioprocessing Analytics Equipment Market has become indispensable. This market segment specializes in delivering state-of-the-art analytical tools and instruments pivotal for monitoring, controlling, and optimizing bioprocesses. As the biopharmaceutical landscape continues to expand and transform, the demand for precise and efficient analytics equipment has witnessed an unprecedented upsurge.
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Cutting-edge instruments within this sector empower researchers and manufacturers to uphold the utmost quality standards, elevate process efficiency, and guarantee product safety. They play a pivotal role in driving innovation and facilitating advancements within the biopharmaceutical industry.
“The trajectory of the bioprocessing analytics equipment industry is indicative of its vital role in fueling advancements within biotechnology and pharmaceuticals,” stated Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “These sophisticated tools are not just instruments; they represent the catalysts for breakthroughs, ensuring the delivery of safe, high-quality products to the market.”
The exponential growth of this market segment underscores the industry’s commitment to innovation and development, fostering a landscape where precision and efficiency are paramount. Companies within this domain are poised to redefine standards, driving the next wave of advancements in bioprocessing.
Bioprocessing Analytics Equipment Market: Regional Forecast:
This study evaluates the trends driving the growth of each market segment at the global and regional levels, and it provides potential takeaways that could be extremely beneficial to manufacturers intending to enter the market. North America is expected to dominate the global Bioprocessing Analytics Equipment market by 2022, accounting for the majority of revenue.
Western Europe and the APECJ markets are estimated to account for approximately 39.2% of the worldwide Bioprocessing Analytics Equipment market in terms of value by the end of 2022. Revenue from the APECJ market is estimated to grow at a CAGR of 5.9% over the forecast period.
In the Bioprocessing Analytics Equipment market, product innovation is a prominent trend. Furthermore, the rising importance of major manufacturers developing Bioprocessing Analytics Equipment in order to extend their product range is propelling the global Bioprocessing Analytics Equipment market.
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Bioprocessing Analytics Equipment Market: Segmental Analysis
The global market for Bioprocessing Analytics Equipment is segmented into four categories: product type, application, end user, and geography. There are two product categories in the market: osmometers and bioprocess analyzers. Osmometers will be the most prevalent product type in the Bioprocessing Analytics Equipment market throughout the forecast period.
Because of the widespread usage of cell-based bioprocesses for therapeutic protein synthesis, North America is expected to gain in popularity over the projection period. Manual monitoring of such bioprocesses takes time and can lead to production errors.
Manufacturers have developed integrated multi-functional analysers, which combine the functionality of different single analyzers (such as cell counters, osmometers, nutrient/electrolyte/metabolite bio-profile analyzers) into one technologically enabled novel sampling system to automatically analyse the culture medium. The integration of diverse capabilities enables parameter feedback control and minimises mistake rates in bioprocessing.
Based on application, the market is further split into clinical and industrial applications. The industrial application segment is expected to lead the worldwide Bioprocessing Analytics Equipment market during the assessment period. Demand for Bioprocessing Analytics Equipment is likely to be highest in the industrial category, which is expected to expand at a CAGR of 4.4% over the forecast period.
The market is further subdivided into end users. Biopharmaceutical companies, Contract Research Organizations (CROs), Contract Manufacturing Organizations (CMOs), Academics & Research Institutes, and Clinical Diagnosis are some of the end user groups.
Biopharmaceutical firms are the main end users of Bioprocessing Analytics Equipment, and demand for Bioprocessing Analytics Equipment is likely to be strongest in Biopharma companies, with a 3.9% growth rate over the forecast period.
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Key Players:
- Thermo Fisher Scientific Inc.
- F. Hoffmann-La Roche Ltd. (Roche Diagnostics)
- ELITechGroup
- KNAUER
- Gonotec GmbH
- Advanced Instruments Inc.
- Resolution Spectra Systems Inc.
- Kaiser Optical Systems Inc.
- SYSBIOTECH SARL
Key Segments of Bioprocessing Analytics Equipment Industry Survey:
By Product Type:
- Osmometers
- Vapour Pressure Depression Osmometers
- Membrane Osmometers
- Freezing Point Depression Osmometers
- Bioprocess Analysers
By Application:
- Bioprocessing Analytics Equipment for Clinical Applications
- Bioprocessing Analytics Equipment for Industrial Applications
By End User:
- Bioprocessing Analytics Equipment for Biopharmaceutical Companies
- Bioprocessing Analytics Equipment for Contract Research Organizations (CROs)
- Bioprocessing Analytics Equipment for Contract Manufacturing Organizations (CMOs)
- Bioprocessing Analytics Equipment for Academics & Research Institutes
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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