The global bioprocess technology market is expected to grow at a significant CAGR of 8.2% during the forecast period. The growing competition in the biotechnology and biopharmaceutical industry coupled with the rising demand for innovative therapeutics owing to the rising prevalence of chronic diseases has led to increasing demand for bioprocess technology. Investment in the biopharmaceuticals industry coupled with the rising need for drugs and vaccines has propelled the market growth. For instance, according to CCI India, India is one of the major producers of generic drugs globally, and the pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US, and 25% of all medicines in the UK.
Get Free Sample link @ https://www.omrglobal.com/request-sample/bioprocess-technology-market
The key players are continuously focusing on the adoption of various strategic moves such as partnerships, new product launches, mergers and acquisitions, and collaborations, to remain competitive in the global market. For instance, in June 2021, Boyd Technologies has provided growth services to biomedical companies, to leverage product design and development. Boyd provides single-use bags and tube set assemblies used in the biotechnology application. These products are largely used in bioprocessing for drugs and therapies and medical device applications, such as blood, IV, and transfusion bags. Moreover, in December 2021, Lonza agreed to collaborate with Agilent to manufacture cell therapy and assess new critical quality attributes required for the release of the therapeutic to the patients.
A full report of Global Bioprocess Technology Market available @ https://www.omrglobal.com/industry-reports/bioprocess-technology-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Bioprocess Technology Market Report by Segment
By Product Type
- Instruments
- Bioprocess Analyzers
- Gas Analyzer
- Osmometers
- Bioreactor
- Incubators
- Consumables and Accessories
- Culture Media
- Reagents
By Process
- Batch
- Fed-Bath
- Continuous Fermentation
By End User
- Biotechnology and Biopharmaceutical Companies
- Research and Academic Institutions
- Others
Global Bioprocess Technology Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bioprocess technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bioprocess-technology-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
