Demand for Bioprocess Technology Market to be Fueled by Changes in Consumer Perception and Growing Awareness

As per industry analysis on the bioprocess technology market by Fact.MR, a market research and competitive intelligence provider, the global market is anticipated to be valued at US$ 18.3 Bn in 2021, surging at a CAGR of 14.8% over the forecast period of 2021-2031.

Recent advances in cell-based bioprocessing has led manufacturers to attain improved ability to turn out bio therapeutics such as bi- and tri-specific antibodies, novel vaccines, and many others. This paradigm shift and digital transformation of the bio fabrication process will lead to a future facility that truly becomes an ecosystem that integrates seamless, connected, and enhanced processing with data collection and analysis. In short, this will enable real-time batch release and unattended manufacturing, thereby bringing maximum benefits. Due to the ecosystem, patients across the globe are benefitted from the readily available life-saving and life-enhancing biological therapies.

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Bioprocess Technology Industry Research Key Segments

  • By Type
    • Cell Culture
    • Cell Expansion
    • Flow Cytometry
    • Cell Line Development
    • Virus Infiltration
  • By Application
    • Biopharmaceuticals
    • Specialty Products
    • Industry Chemicals
    • Environment Management Aid
  • By End User
    • Hospitals
    • Research labs
    • Medical Institutions
    • Others

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Key Takeaways from Market Study

  • Global bioprocess technology market anticipated to add 2.4X value by 2031.
  • Cell culture type anticipated to hold dominance over forecast period and to expand at CAGR of 18.7%.
  • Europe held 24% of global value share of bioprocess technology in 2020, and anticipated to rise at CAGR 14.6% through 2031.
  • Biopharmaceutical application has the highest use case potential of bioprocess technology in terms of market acceptance. This application is anticipated to gain over 450 BPS in market share by 2031.
  • Bioprocess technology use in environment management aid application projected to grow 2X.  Industry chemical applications projected to grow 1.8X in value by 2031. 

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