Bioprocess is defined as a technique that is used to produce biological materials such as genetic microbial strains and commercially useful chemicals through biological processes. Increase in interest in areas of life science such as pharmacology & toxicology, biotechnology, etc. for the development of advanced medicines and vaccines has created the need for advanced bioprocess technology. Bioprocess analyzers capture useful and timely insights of the bioprocess and make the right decisions for optimal manufacturing outcomes. The analyzers and technology enable high robustness and sensitivity, adapted to the unique demands of cell culture and fermentation processes. In recent years, multi-bioreactor systems have gained importance, these systems enable the user to perform multiple parallel fermentations to investigate the influence of various process parameters on the performance of cells. Second approach is the use of dynamic experiments, where process parameters are changed dynamically during a single experiment; the influence of the parameters on the cells at changing levels can be investigated during a single cultivation. Here, high measurement frequencies are important to properly resolve process events and the physiological response of the cells to the investigated process parameters in order to improve process understanding.
Development of integrated analyzers with multiple components and multiplexing modalities with high-throughput and increased sensitivity serves as a major opportunity for the growth of the global bioprocesses analyzers and technology market. The bioprocesses analyzers and technology market is witnessing steady demand for combination of process analysis and informatics from the modern medical industry into bioprocesses analyzers so as to incorporate various analysis technologies into a single platform. The year 2016 was characterized with such innovations by leading market players which has reduced turnover time for cell culture and fermentation processes, along with enhanced automation level, which has further fueled the demand for automated bioprocesses analyzers. The global bioprocesses analyzers and technology market is witnessing continuous innovations and expansion of product portfolio by the major as well as local manufacturers. Collaborations among major market players for technological advancement in processing numerous samples simultaneously with minimal manual intervention are likely to drive the growth of the global bioprocesses analyzers market during the forecast period. Growing need for therapeutic treatment and medicines is expected to boost the demand for bioprocess analyzers and technology in the pharmaceutical industry.
In terms of technology, the global bioprocess analyzers and technology market can be segmented into electrochemical, fluorescence, NIR spectroscopy, biochemical analyzers, mass spectrometry, and others. Based on application, the global market can be classified into monoclonal antibodies, recombinant proteins, biosimilars, and antibiotics. In terms of end-user, the global bioprocess analyzers and technology market can be categorized into pharmaceutical companies, contract manufacturing organizations, contract research organizations, food & beverage industry, and academic & research institutes.
Geographically, the global bioprocess analyzers and technology market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for the leading market share during the forecast period. The bioprocess analyzers and technology market in the region is expected to expand at a significant growth rate during the forecast period. Emergence of the biopharmaceutical industry, technological advancements, presence of key companies, and contribution of small market players are likely to propel the analyzers and technology market in North America during the forecast period. Europe is estimated to hold significant share of the market owing to increase in production of biopharmaceutical products in Western Europe, particularly in Germany, France, and the U.K. Asia Pacific bioprocess analyzers and technology market is projected to expand at a significant CAGR during the forecast period, owing to rise in production of biosimilars, antibiotics, and vaccines, and technological advancements in Asia Pacific. High price, lack of skilled professionals, and underdeveloped biopharmaceutical infrastructure are anticipated to restrain the growth of the bioprocess analyzers and technology market in Latin America and Middle East & Africa during the forecast period.
Key companies in the global bioprocess analyzers and technology market are Roche Diagnostics International Ltd., Nova Biomedical, Optocell GmbH & Co. KG, YSI, Inc., Randox Laboratories Ltd., Sartorious AG, Polestar Technologies, Fluorometrics Instruments, LLC, PreSens Precision Sensing GmbH, FOSS, Shimadzu Corporation, Thermo Fisher Scientific, Agilent Technologies, Groton Biosystems, LLC, and Guava Technologies, among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.