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Published Date: 2017-09-04Number of Pages: 170

Bioprocess Technology Market (Product - Bioreactors Bioprocess Technology, Consumables & Accessories, Cell Culture Media, Chromatography, Filtration Devices, Others; Modality- Single Use, Multiple Use; End User- Biopharmaceutical Companies, Contract Manufacturing Organization, Academic and Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

The global bioprocess technology market is expected to represent an impressive growth attributed to considerable demand in the pharmaceutical, agricultural, and petrochemical industries. Growing need for therapeutic treatment and medicines is expected to rev up demand for bioprocess technology in the pharmaceutical industry. Contract manufacturing organizations is expected to witness significant demand in among the pharmaceutical and biotechnology manufacturers. Consumption of cellular culture media is expected to remain high among the pharmaceutical manufacturers globally. Single use of bioprocess technology is expected to witness highest revenue growth in the global market. North America is expected to represent the largest market for bioprocess technology globally.

Bioprocess technology is a part of biotechnology that is used to produce biological products including stem cells, and microbial strains. This technology is also used for production of biofuels and chemical products through degradation and microbial fermentation process for commercial purposes. Manufacturers in the pharmaceutical and biotechnological industries use bioprocess technology to develop treatments and developments for the treatment of cardiovascular diseases.  

The global bioprocess technology market is expected to register a significant CAGR, and will represent a value of over US$ 22,000 Mn by the end of 2022.

Consumption in the Pharmaceutical Industry

As combating debilitating diseases remains a major challenge, manufacturers in the pharmaceutical industry are adopting bioprocess technology for enhanced production. Increasing need for the treatment of chronic diseases continue to boost demand for therapeutic treatments. Manufacturers in the pharmaceutical industry are adopting bioprocess technology to develop stem cells for therapeutic use. Development of therapeutic treatment and medicines is expected to fuel adoption of bioprocessing technology in the pharmaceutical and biotechnological industries.

Demand for Single-Use Technology

A recent trend witnessed among biopharmaceutical manufacturers is the increasing use of disposables attributed to reduced risk of cross-contamination in the products. As steel facilities witness a decline in popularity, biopharmaceutical manufacturers are increasingly adopting single-use technology. This is expected to underscore significant opportunities for the biopharmaceutical manufacturers globally.

Significant Demand in the Agricultural Industry

Growing need for sustainable farming practices has led to an upsurge in adoption of bioprocessing technology in the agricultural industry. Adoption of bioprocess technology improves insect resistance in crops as well. Moreover, manufacturers are witnessed to adopt this technology as it revs up the tolerance of herbicides in crops. Bound to such factors, the bioprocess technology is expected to witness significant demand in the agricultural industry.

Considerable demand in the Petroleum Industry

Apart from the pharmaceutical, and agricultural industries, the bioprocess technology is further expected to witness a considerable demand among manufacturers in the petrochemical industry attributed to growing demand for biofuels. Imposition of government regulations related to use of biofuels has further revved up demand for biofuels among the automotive manufacturers. Attributed to increasing demand for biofuel in the automotive industry, manufacturers witness considerable demand for bioprocess technology.

Consumption in the Chemical Industry

Bioprocess technology is also expected to witness significant demand among the chemical manufacturers. Growing need to streamline the procedure of chemical production is expected to rev up demand for bioprocess technology in the chemical industry. This is expected to impact growth of the global bioprocess technology positively.

Consumables & Accessories to Register Significant Growth

Cellular culture media is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 2,000 Mn in the global bioprocess technology market by the end of 2022. Consumables & accessories is expected to witness the second highest revenue growth in the global bioprocess technology market by the end of 2022. Bioreactors bioprocess technology is expected to register the highest CAGR growth in the global market, followed by chromatography.

Single use is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 3,000 Mn in the global bioprocess technology by the end of 2017. Multiple use is expected to witness the second highest revenue growth in the global market by the end of 2017. Moreover, this segment is expected to register the highest CAGR growth in the global bioprocess technology market throughout 2022.

Contract manufacturing organizations is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 4,000 Mn in the global bioprocess technology market by the end of 2022. Biopharmaceutical companies is expected to represent the second highest revenue growth in the global market by the end of 2022. Contract manufacturing organizations is expected to register the highest CAGR growth in the global market throughout 2022.

Competitive Tracking        

Leading market players operating in the global bioprocess technology market include Thermo Fisher Scientific, Inc, Sartorius Aktiengesellschaft, Repligen Corporation, General Electric Company, Danaher Corporation, Corning Incorporated, Eppendorf AG, and Lonza Group Ltd.

Global Bioprocess Technology Market: Overview

The global market of bioprocess technology is predicted to witness an impressive growth during the forecast period, 2017 – 2022. The bioprocess technology is predicted to witness significant demand among biopharmaceutical manufacturers attributed to increasing risk of cross-contamination in the products.

The report offers in-depth assessment of the global market growth, opportunities, and trends. The global bioprocess technology market is segmented on the basis of product type, modality, and end users.

Global Bioprocess Technology Market Trends

Increasing investment in research and development of bioprocessing technology is projected to contribute towards growth of the global market. Growing support by the government regarding biofuel products is further predicted to impact growth of the global market positively. Moreover, the bioprocess technology is predicted to witness significant demand in the pharmaceutical industry attributed to increasing prevalence of chronic diseases. Manufacturers prefer using disposables in order to lower the risks related to cross-contamination in products.

As demand for stainless steel facilities are predicted to witness a decline, manufacturers in the biopharmaceutical industry turn to single use technology globally. Attributed to such factors, the manufacturers operating in the biopharmaceutical industry are likely to underscore significant opportunities for growth globally.

Apart from the biopharmaceutical industry, the bioprocess technology is further predicted to witness considerable demand in the agricultural industry due to increasing need for crop protection. Manufacturers operating in the agricultural industry witness considerable demand for bioprocess technology as it increases the tolerance of herbicides in the crops. Such factors are likely to impact growth of the global market positively.

Bioprocess technology is also predicted to witness considerable demand in the petrochemical industry attributed to imposition of stringent regulations by the government regarding biofuel products. Bound to such factors, manufacturers in the petrochemical industry is predicted to witness robust demand for bioprocess technology globally. Furthermore, increasing need for streamlining the procedure of chemical production is projected to boost demand for bioprocess technology in the chemical industry. Such factors are likely to impact growth of the global bioprocess technology market during the predicted period.

Global Bioprocess Technology Market: Segmentation

Region

Product Type

Modality

End User

  • North America
  • Bioreactors
  • Single Use
  • Biopharmaceutical Companies
  • Latin America
  • Cell Culture Media
  • Multiple Use
  • Contract Manufacturing Organization
  • Europe
  • Chromatography

 

  • Academic and Research Institutes
  • Japan
  • Filtration Devices

 

 

  • APEJ
  • Consumables & Accessories

 

 

  • MEA
  • Others

 

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Cellular culture media as compared to other products is predicted to witness significant revenue growth in the global bioprocess technology market. Bioreactors among other technologies is predicted to reflect the highest CAGR in the global market through 2022. Single use is predicted to represent significant demand among the biopharmaceutical manufacturers as compared to other modalities. Contract manufacturing organizations among other end users is predicted to contribute significantly towards the growth of the global bioprocess technology market in terms of revenue. Biopharmaceutical companies is predicted to record the highest growth during the predicted period in the global market.

Key players operating in the global market include Sartorius Aktiengesellschaft, Thermo Fisher Scientific, Inc, General Electric Company, Repligen Corporation, Corning Incorporated, Danaher Corporation, Lonza Group Ltd., and Eppendorf AG.


 
 
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