Bioprocess Bags Market Share, Trends, Size And Forecast To 2033
Overview and Scope
Bioprocess bags are specialized containers that provide a sterile and controlled environment for growing cells or microorganisms. These bags are used in the biopharmaceutical and biotechnology industries to produce biological products.
Sizing and Forecast
The bioprocess bags market size has grown rapidly in recent years. It will grow from $2.76 billion in 2023 to $3.25 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to increased adoption of single-use bioreactors, increased focus on contamination prevention, cost savings in bioprocessing operations, rise of biopharmaceutical industry, flexibility in bioproduction processes.
The bioprocess bags market size is expected to see rapid growth in the next few years. It will grow to $5.92 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to improved sterilization techniques, enhanced quality control measures, adoption of next-generation bioprocessing solutions, shift towards modular bioprocessing, rising demand for personalized medicines, growing demand for biologics, bioprocess bags with enhanced connectivity. Major trends in the forecast period include advances in biopharmaceutical manufacturing, advancements in single-use technologies, development of high-capacity bioprocess bags, sustainable and eco-friendly bioprocess materials, artificial intelligence in bioprocessing.
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Segmentation & Regional Insights
The bioprocess bags market covered in this report is segmented –
1) By Type: 2D Bioprocess Bags, 3D Bioprocess Bags, Other Bags And Accessories
2) By Workflow: Upstream Process, Downstream Process, Process Development
3) By Capacity: Small, Medium, Large, Extra Large
4) By Application: Buffer And Media Storage, Cell Culture, Cell Separation And Harvest, Chromatography Feed And Collection, Ultrafiltration And Diafiltration, Intermediate And Final Product Hold, Other Applications
5) By End-User: Pharmaceutical Companies, Biopharmaceutical Companies, Biotechnology Labs, Academic Labs
North America was the largest region in the bioprocess bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioprocess bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rapid growth of biotechnology firms is expected to propel the growth of the bioprocess bag market going forward. Biotechnology companies apply biological knowledge, tools, and techniques to produce products and services for various industries. Bioprocess bags have several benefits for the biotechnology sector, including reduced environmental impact, flexibility, cost-effectiveness, time efficiency, and contamination control. For instance, in February 2022, according to the World Bank, a US-based international financial institution, small biotechnology firms accounted for 70% of new drug approvals in the US, generating a return of 9.3% on research and development investment as compared to a 1.9% return for pharmaceutical companies. Furthermore, in January 2022, according to the BioIndustry Association, a UK-based association for cutting-edge life sciences and biotech firms, investments into the UK biotech and life sciences industries reached their highest level ever in 2021. The overall amount of public and private financing for UK biotech and life sciences raised was $6.06 billion (£4.5 billion), which is $2.3 billion (£1.7 billion) (60%) more than in 2020. Therefore, the rapid growth of biotechnology firms is driving the bioprocess bag market.
Key Industry Players
Major companies operating in the bioprocess bags market report are Saint-Gobain Group, Charter Medical LLC, Thermo Fisher Scientific Inc., 3M Company, Danaher Corporation, Merck KGaA, GE Healthcare, Parker Hannifin Corporation, Corning Incorporated, Avantor Inc., Lonza Group, GEA Group Aktiengesellschaft, Sartorius AG, Cellon SA, Entegris Inc., W. L. Gore & Associates Inc., West Pharmaceutical Services Inc., Eppendorf AG, Repligen Corporation, Cole-Parmer Instrument Company LLC., ESI Technologies Group, Colder Products Company, CellBios Healthcare and Lifesciences Pvt Ltd., PBS Biotech, Flexicon Liquid Filling Systems, Meissner Filtration Products Inc., MilliporeSigma
The bioprocess bags market report table of contents includes:
1. Executive Summary
2. Bioprocess Bags Market Characteristics
3. Bioprocess Bags Market Trends And Strategies
4. Bioprocess Bags Market – Macro Economic Scenario
5. Global Bioprocess Bags Market Size and Growth
…………..
32. Global Bioprocess Bags Market Competitive Benchmarking
33. Global Bioprocess Bags Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bioprocess Bags Market
35. Bioprocess Bags Market Future Outlook and Potential Analysis
36. Appendix
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