The factors such as large scale adoption of this technology in the industries like food and beverage, agriculture, pharmaceutical and biotechnology, along with rapid growth in the biopharmaceutical industry, along with increasing spending on the research and development activities in the field of biotechnology, increase in the demand for vaccines, ongoing technological advancements, growing number of the new drug launches and production, and increasing occurrence of HIV and Cancer has been driving the growth of the bioprocess technology market during the forecast period.
New York, December 2021: Axiom Market Research & Consulting™ added a report on bioprocess technology market which includes study on type, application, end user and geography. The bioprocess technology market was projected to grow at a CAGR of 10.77% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the bioprocess technology market.
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The report analyses the bioprocess technology market based on the type, application, end user and geography. By type, the bioprocess technology market is segmented into biologics safety testing, cell counting, cell culture, cell expansion, cell line development, flow cytometry, and the tangential flow filtration. By application, the bioprocess technology market is segmented into antibiotics, biosimilars, recombinant proteins, and others. By end users, the bioprocess technology market is segmented into biopharmaceutical companies, contract manufacturing organization, academic research institutes, food and feed industry, and contract research organization. By geography, the bioprocess technology market is studied in the regions including North America, Europe, Asia-Pacific, and Rest of the World.
The key players in the bioprocess technology market are includes Advanced Instruments, Agilent Technologies, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc, F. Hoffmann-La Roche Ltd, Gonotec GmbH, KNAUER Wissenschaftliche Gerate GmbH, Merck KGaA, Sartorius Group and Thermo Fisher Scientific, Inc among others.
Regional Trends of Bioprocess Technology Market
Based on the geography, the bioprocess technology market is studied for the key countries in North America, Europe, Asia-Pacific and Rest of the World. The region of North America has held the highest market share of the bioprocess technology market and is likely going to dominate the bioprocess technology market during the forecast period. The growth of the bioprocess technology market in the region is driven due to the increasing demand of the high-quality biologics, along with the large presence of several global and domestic market players in the region along with the increasing investment on the research and development activities by the market players in the region of North America.
Bioprocess Technology Segmentation Highlights:
- The biologics safety testing type segment is expected to grow at high growth rate in the bioprocess technology market during the forecast period. The factors such as increasing government support to the pharmaceutical and biotechnology industry along with increasing outsourcing are driving the growth of the bioprocess technology market
- The recombinant proteins application segment is expected to witness rapid growth in the bioprocess technology market during the forecast period. The increase in the demand for the recombinant proteins in the therapeutic applications is the major driving factor behind the growth of the bioprocess technology market
- The biopharmaceutical companies are expected to hold high market share in the bioprocess technology market during the forecast period. The factors like fast growing interest in the sectors like life sciences such as biotechnology, toxicology and pharmacology, along with increasing demand for the advanced bioprocess technology for the production and development of the advanced vaccines and medicines are impelling the growth of the segment in the market
- North America held the highest market share of the global bioprocess technology, and it is likely to dominate the market over the forecast period
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Research Objectives of Bioprocess Technology Market Report:
- Analysing the outlook of the bioprocess technology market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the bioprocess technology market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players
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