The global bioprocess technology market is expected to grow at a CAGR of 8.2% during the forecast period. An increase in the funding for biopharmaceutical R&D coupled with the rising incidence of infectious and chronic diseases such as cancer and CVD are some major factors boosting the market growth. The US Department of Commerce’s National Institute of Standards and Technology (NIST), has funded $153 million to National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL). Through this funding, the NIIMB has continued to strengthen the manufacturing industry to meet the need for lifesaving biopharmaceuticals. Moreover, NIIMBL supports R&D to prevent, prepare for and respond to the COVID-19 pandemic and work to increase the shelf life and reduce the amount of refrigeration required from messenger RNA vaccines. Bioprocess technology is a combination of biology, mathematics, and engineering, which deals with the design and advancements of equipment and procedures for manufacturing materials which including, pharmaceutical products, food, polymers, and nutraceuticals.
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Partnerships and collaborations are offering an opportunity for market growth. For instance, in November 2021, Waters Corp. and Sartorius announced a collaboration aimed to offer specialization in chromatography, mass spectrometry, and thermal analysis to implement the BioAccorf LC-MS system, a new bioprocess analyzer, with Sartorius Ambr multi-parallel bioreactor system. The combination of systems speeds up and improves the accuracy and speed of tasks, from clone selection to bioprocess optimization. Hence, the funding provided by national institutions and tactical initiatives such as partnership, innovation, and expansion adopted by the key players, further contributes to the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Bioprocess Technology Market by Product Type
- Instruments
- Bioprocess Analyzers
- Gas Analyzer
- Osmometers
- Bioreactor
- Incubators
- Consumable and Accessories
- Culture Media
- Reagents
Global Bioprocess Technology Market by Process
- Batch
- Fed-Bath
- Continous Fermentation
Global Bioprocess Technology by End-User
- Biotechnology and Biopharmaceutical Companies
- Research and Academic Institutions
- Others (Chemical, Fuels, and Food)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Instruments
- Biopharm Services
- BPC Instruments AB
- Cellesce
- Emerson Electric Co.
- Hoffmann-La Roche Ltd
- Fujifilm Corp.
- General Electric Co.
- Lonza Group Ltd.
- Merck KGaA
- Metabolon
- Nova Biomedical
- Paras Biopharmaceuticals Finland Oy
- Siemens AG
- Solida Biotech GmbH
- Univercells Technologies
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bioprocess technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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