Global Bioprocessing Systems Market to reach USD xx billion by 2027.Global Bioprocessing Systems Market is valued approximately at USD xx Billion in 2020 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2021-2027. Bioprocessing System is the integrated system which involves production of a value-added material such as biopharmaceuticals from a living source such as microbial cells & others. The global Bioprocessing Systems market is being driven by growing demand for biopharmaceuticals. For instance, according to Statista, aggregate value of the global biopharmaceutical industry is increasing from USD 5.02 trillion in 2017 to USD 7.15 trillion by January 2021. Another important driving factor is the rising introduction of new systems & related products by the private players. For instance, in 2021, Eppendorf Bioprocess announced to launch the new bioprocess controller and consumables for upstream bioprocesses. The rising vaccine research and development due to growing infectious diseases, expansion in life science development and increase in the demand for bio-based products is also expected to provide new opportunities for the global bioprocessing systems industry. However, lack of skilled workers and undeveloped infrastructural development which may impede market growth over the forecast period of 2021-2027.
The regional analysis for the global Bioprocessing Systems Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to expanding biopharmaceutical manufacturing facilities and presence of established large companies. Whereas Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to large market size of vaccines, government support for scientific research & development activities, rising innovation and increasing investment by the private companies in the region.
Major market player included in this report are:
3M Company
PBS Biotech, Inc.
Lonza group
Pall Corporation
General Electric
Nordson Corporation
Robert Bosch GmbH
Thermo Fisher Scientific
Merck KGaA
EMD Millipore Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Upstream
Downstream
Single Use
Integrated
By End User:
Biopharmaceuticals Industry
Pharmaceuticals Industry
Nutraceuticals Industry
Others
By Application:
Vaccine Development
Cell Therapy and Plant Cell Cultivation
Filters
Tissue Engineering
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Bioprocessing Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors