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
  • Roche
  • GE Healthcare
  • Danaher
  • Nova Biomedical
  • Advanced Instruments, Inc.
  • Lonza
  • 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
    • Osmometers
    • Bioreactors
    • Incubators
    • Cell Counter Systems
    • Others (mass spectroscopy, centrifugation, filtration etc.)
  • Accessories

Global Bioprocess Instruments and Consumables Market, by Application

  • Antibiotics
  • Recombinant Proteins
  • Biosimilars
  • Others.

Global Bioprocess Instruments and Consumables Market, by End-user

  • Biopharmaceutical Companies
  • Contract Manufacturing Organizations
  • Academic Research Institutes
  • Food & Feed Industry
  • Contract Research Organization
  • Others.

Global Bioprocess Instruments and Consumables Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • 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.

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
  • Europe
  • 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.

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Bioprocess Instruments Consumables Market