Global Bio-Process Technology Market Report and Forecast 2024-2032

Global Bio-Process Technology Market Outlook

The global bio-process technology market is expected to grow at a CAGR of about 8% in the forecast period of 2024-2032.

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North America to Significantly Boost the Industry Growth

North America accounts for a major share in the industry owing to the escalating demand for quality biologics and the rising investments in R&D activities by the major players. Moreover, high prevalence of chronic diseases that mostly use biopharmaceuticals for treatments and the established healthcare infrastructure in the region have significantly contributed to the industry growth. Owing to these factors, the region is expected to dominate the industry in the forecast period as well. Meanwhile, the Asia Pacific is slated to spur the growth in the forecast period owing to the expanding pharmaceutical industry and rising initiatives by the government.  The emerging economies like India and China are predicted to flourish owing to the increased production of chemicals and biotherapeutics in the region.

Bio-Process Technology: Market Segmentation

Bio-process technology is the part of biotechnology that deals with methods combining the living substance or its components with nutrients to develop special chemicals, biotherapeutics, and reagents. It forms the backbone of translating discoveries of life sciences into industrialised products. There are various stages involved with the bioprocess technology, which are substrates and media, biocatalysts, volume production, downstream processing, purification, and final processing.

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Based on product, the market is segmented into:

• Instruments
• Consumables and Access

While the instruments segment is further divided into bioprocess analyzers, cell counter systems, osmometers, bioreactors, blood gas analyzers, and incubators, among others, the consumables and access segment is sub-divided into culture media, and reagents, among others.

Based on application, the industry can be divided into:

• Recombinant Proteins
• Monoclonal Antibodies
• Antibiotics
• Biosimilars
• Others

Based on end use, it is categorised as:

• Biotechnology and Biopharmaceutical Companies
• Research and Academic Institutes
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Biopharmaceuticals to Facilitate the Growth of the Bio-Process Technology Industry

The industry is being driven by the increasing demand and production of biopharmaceuticals like recombinant proteins, vaccines, and others, which involve the bioprocess. Moreover, the expansion of the pharmaceutical industry and the growing incidences of chronic diseases are revolutionising the industry. The increasing demand for vaccine and the rapid growth in the field of technology are also triggering the industry’s growth. The increasing government support to produce biofuel in many countries is expected to spur lucrative business opportunities for the market in the coming years. Over the forecast period, huge investments by the leading biotech and pharmaceutical companies are expected to further aid the market growth.

Key Industry Players in the Global Bio-Process Technology Market

The report gives a detailed analysis of the following key players in the global bio-process technology market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Emerson Electric Co.
• F. Hoffmann-La Roche Ltd
• Sartorius AG
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Bio-Rad Laboratories, Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report