Bioprocess Analyzers Global Market
Overview and Scope
Bioprocess analyzers refer to analytical devices or systems designed to track, examine, and regulate a range of factors and procedures related to the manufacturing of biopharmaceuticals, bioprocessing, and biotechnology. These analyzers are used in various sectors to guarantee the effectiveness and quality of bioprocessing activities and allow for real-time monitoring and control of critical parameters.
Sizing and Forecast
The bioprocess analyzers market size has grown rapidly in recent years. It will grow from $1.80 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to demand for personalized medicine, and increasing complexity of bioprocesses
The bioprocess analyzers market size is expected to see rapid growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rise of biosimilar and bio better products, expansion of bioprocessing industries, and increased investment in research and development. Major trends in the forecast period include expansion of real-time monitoring, integration of advanced sensors, and focus on automation and connectivity.
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Segmentation & Regional Insights
The bioprocess analyzers market covered in this report is segmented –
1) By Product: Instruments, Consumables
2) By Application: Antibiotics, Recombinant Proteins, Biosimilars, Other Applications
3) By End-User: Biopharmaceutical Companies, Contract Manufacturing Organizations, Contract Research Organizations, Other End Users
North America was the largest region in the bioprocess analyzers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioprocess analyzers 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 rise in demand for biopharmaceuticals is expected to propel the growth of the bioprocess analyzer market going forward. Biopharmaceuticals refers to pharmaceuticals made from biological sources, such as living things or their parts. The biopharmaceutical industry is on the rise due to creative research and development efforts that result in the creation of novel biologics and biosimilars. Bioprocess analyzers are used to monitor various parameters during the production of biopharmaceuticals, such as cell growth, protein expression, and product purity. For instance, in January 2024, according to IQVIA, a US-based provider of biopharmaceutical development services, the spending on global biotech is expected to exceed $892 billion by 2028. Furthermore, in April 2022, according to the National Library of Medicine, a US-based medical library, pharmaceutical spending in the United States increased by 7.7% in 2021 compared to the previous year, reaching a total of $576.9 billion. Therefore, the rise in demand for biopharmaceuticals is driving the growth of the bioprocess analyzer systems market.
Key Industry Players
Major companies operating in the bioprocess analyzers market are Danaher Corporation, Merck KGaA, Becton Dickinson and Company , Thermo Fisher Scientific, MilliporeSigma, Sartorius AG, Beckman Coulter Inc., Waters Corporation, Bio-Rad Laboratories, Bruker Corporation, Agilent Technologies, GE Healthcare, Pall Corporation, Eppendorf AG, HORIBA Ltd., Promega Corporation, Nova Biomedical, Hamilton Company, Macherey-Nagel GmbH & Co. KG, BioTek Instruments, Zymo Research Corporation, Gilson Inc., Metrohm AG, Biochrom Ltd., PerkinElmer Inc.
The bioprocess analyzers market report table of contents includes:
1. Executive Summary
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