The Bioprocess Containers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bioprocess Containers Global Market Report 2024, The bioprocess containers market size has grown exponentially in recent years. It will grow from $4.15 billion in 2023 to $5.24 billion in 2024 at a compound annual growth rate (CAGR) of 26.2%. The growth in the historic period can be attributed to growth in biopharmaceutical industry, government investments in research and development, increase in privatization of laboratory services, rise in healthcare spending.
The bioprocess containers market size is expected to see exponential growth in the next few years. It will grow to $13.72 billion in 2028 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to rising healthcare investments, emerging markets expansion, regulatory support, rise in disposable income. Major trends in the forecast period include sustainability and eco-friendly solutions, digitalization and data analytics, outsourcing and contract manufacturing, customization and modular systems, personalized medicine and patient-centric manufacturing.
Rising biopharmaceutical R&D (research and development) activities is driving the growth of the bioprocess containers market. Biopharmaceutical R&D demands the transformation of the traditional approach to drug development, allowing medicines to reach patients faster, reducing development and operational costs, improving insights and decision-making. The use of data, digital technologies, and AI (artificial intelligence) increases the probability of success, discovering new medicines more efficiently and delivering them more effectively. As the biopharmaceutical development increases, there will be an increase in the need for bioprocess containers to keep them safe & uncontaminated and transport them safely. For instance, according to an institutional report published in February 2022 by IQVIA, an American multinational pharmaceutical industry company, the global biopharmaceutical industry continues to flurry, with more than 6,000 products in active development and a growing share of that innovation coming from a new geographic region, a 68% increase compared to 2016. Therefore, the rise in biopharmaceutical R&D is driving the bioprocess containers market growth.
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The bioprocess containers market covered in this report is segmented –
1) By Type: 2D Bioprocess Containers, 3D Bioprocess Containers, Tank Liners, Other Containers & Accessories
2) By Application: Process Development, Upstream, Downstream
3) By End User: Biopharmaceutical Companies, Life Science R&D Companies, Other End Users
Technological advancement is a key trend gaining popularity in the bioprocess container market. Major companies operating in the bioprocess container market are focused on providing technologically advanced products to meet rapidly changing industry demand and strengthen their market position. These companies are implementing next-generation technologies into their products such as depth filtration, disposable chromatography, sterile filtration, ultrafiltration (UF)/defiltration (DF), virus filtration, and others. These technologically advanced products offer better sample protection, productivity, and other benefits. For instance, in February 2021, Thermo Fisher Scientific, a US-based analytical laboratory instrument manufacturing company, introduced CentriPAK BPC, mainly used with the Sorvall BIOS 16 centrifuge. It is a centrifugation bioprocess container for closed-system handling of critical sterile liquids and offers unmatched sample protection from contamination and enhanced laboratory productivity.
The bioprocess containers market report table of contents includes:
1. Executive Summary
2. Bioprocess Containers Market Characteristics
3. Bioprocess Containers Market Trends And Strategies
4. Bioprocess Containers Market – Macro Economic Scenario
5. Global Bioprocess Containers Market Size and Growth
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31. Global Bioprocess Containers Market Competitive Benchmarking
32. Global Bioprocess Containers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bioprocess Containers Market
34. Bioprocess Containers Market Future Outlook and Potential Analysis
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