The Bioprocess Technology Global Market Report 2023, provides comprehensive information on the bioprocess technology market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Bioprocess Technology Global Market Report 2023, the global bioprocess technology market size is expected to grow from $18.70 billion in 2022 to $21.90 billion in 2023 at a compound annual growth rate (CAGR) of 17.1 %. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bioprocess technology market size is expected to reach $39.16 billion in 2027 at a CAGR of 15.6%.
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Technological innovation is a key trend gaining popularity in the bioprocess technology market. Major companies operating in the bioprocess technology market are focused on developing innovative solutions integrated with advanced technologies to strengthen their position in the market. For instance, in April 2020, Merck KGaA, a Germany-based science and technology company, launched the Bio4CTM Software Suite, the latest addition to its BioContinuumTM Platform. The new technology ecosystem combines process control, analytics, and plant-level automation to provide a complete view of the manufacturing process, allowing biomanufacturers to achieve complete process control and gain deep insights. The Bio4CTM Process Pad, a component of the Bio4CTM Suite’s “Collect” dimension, a browser-based platform that automates data acquisition and analysis tasks, allowing scientists and engineers to quickly acquire, aggregate, and analyze data from various sources across the bioprocess, such as equipment, batch records, databases, and historians.
The bioprocess technology market is segmented:
1) By Type: Cell Culture, Cell Expansion, Flow Cytometry, Cell Line Development, Virus Infiltration
2) By Application: Biopharmaceuticals, Specialty Products, Industry Chemicals, Environment Management Aid
3) By End User: Hospitals, Research labs, Medical Institutions, Other End Users
North America was the largest region in the bioprocess technology market in 2022.
The table of contents in TBRC’s bioprocess technology market report includes:
- Executive Summary
- Bioprocess Technology Market Characteristics
- Bioprocess Technology Market Trends And Strategies
- Bioprocess Technology Market – Macro Economic Scenario
- Bioprocess Technology Market Size And Growth
.
- Bioprocess Technology Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Bioprocess Technology Market
- Bioprocess Technology Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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