Global Bioprocess Instruments and Consumables Market: Introduction
Bioprocess is defined as a technique used to produce biological products such as genetically microbial strains and commercially useful chemicals. Increase in interest in life science areas such as pharmacology & toxicology and biotechnology for the development of advanced medicines and vaccines has created a need of advanced bioprocess technology.
Key Drivers of Global Bioprocess Instruments and Consumables Market
Rise in Prevalence of Diseases
Prevalence of chronic non-communicable (NCD) ailments such as diabetes and hypertension has increased, and these dominate communicable diseases in the total disease burden. According to Business Standard Private Ltd., the disease burden due to communicable, maternal, neonatal, and nutritional diseases, as measured using disability-adjusted life years, declined from 61% to 33% between 1990 and 2016. In the same period, disease burden due to non-communicable diseases increased from 30% to 55%.
Rise in Number of New Drug Launches
In 2017, the FDA approved five biosimilars for several indications such as Renflexis (May 2017), Cyltezo (August 2017), Mvasi (September 2017), Ogivri (December 2017), and Ixifi (December 2017). In 2018, the U.S. FDA approved two biosimilars, Retacrit (May 2018) and Fulphila (2018). Increase in approvals of biosimilars in the U.S. is projected to provide expansion opportunities in the global bioprocess technology market during the forecast period.
North America to Account for Major Share of Global Bioprocess Instruments and Consumables Market
North America dominated the global bioprocess instruments and consumables market in 2017, accounting for a major market share. Growth of the market in the region is attributed to availability of advanced technology and large number of research studies being conducted in the U.S. Europe is anticipated to account for significant market share by 2031. The market in the region is expected to expand at a high CAGR during the forecast period. The market in Europe is driven by expansion of the biopharmaceutical companies in the region, rise in demand for products such as antibiotics, biosimilars, monoclonal antibodies, and recombinant proteins, and cost reduction of these products. The bioprocess instruments and accessories market in Asia Pacific is likely to grow at a rapid pace during the forecast period. High competition, increase in R&D expenditure of pharmaceutical and biotechnology companies, and shift of contract research organizations to the region fuel the growth of the market in Asia Pacific.
Key Players Operating in Global Bioprocess Instruments and Consumables Market
The global bioprocess instruments and consumables market is highly consolidated owing to the presence of small number of key players. Leading players operating in the global bioprocess instruments and consumables market are:
- Thermo Fisher Scientific, Inc.
- Sartorius AG
- GE Healthcare
- Nova Biomedical
- Advanced Instruments, Inc.
- Becton, Dickinson and Company
- Siemens Healthineers
Global Bioprocess Instruments and Consumables Market: Research Scope
Global Bioprocess Instruments and Consumables Market, by Product
- Instruments & Consumables
- Bioprocess Analyzers
- Blood Gas Analyzers
- Cell Counter Systems
- Others (mass spectroscopy, centrifugation, filtration etc.)
Global Bioprocess Instruments and Consumables Market, by Application
- Recombinant Proteins
Global Bioprocess Instruments and Consumables Market, by End-user
- Biopharmaceutical Companies
- Contract Manufacturing Organizations
- Academic Research Institutes
- Food & Feed Industry
- Contract Research Organization
Global Bioprocess Instruments and Consumables Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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.
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- Customer Experience Maps
- Insights and Tools based on data-driven research
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- 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
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Below is a snapshot of these quadrants.
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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?
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