Bioprocessing Analytics Equipment Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Growth in the Biopharmaceutical Industry is the Key Driving Factors for Increasing the Growth of Bioprocessing Analytics Equipment Market
Bioprocessing Analytics Equipment Market is valued at USD 565.0 Million in 2018 and expected to reach USD 811.0 Million by 2025 with the CAGR of 5.3% over the forecast period.
Bioprocessing analytics equipment is the bio-analytical devices which are widely used in the biopharmaceutical processes and industrial applications for monitoring and control of fermentation and bioprocesses. The device examines the bioprocess components such as glucose, ammonium, potassium, glutamate, lactate, and others. Product innovation is the key trend observed in the bioprocessing analytics equipment market. Likewise, many manufacturers are more focusing on developing and expansion of their product portfolio for fulfilling this purpose the importance of developing bioprocessing analytics equipment has grown drastically and are very trending in the biopharmaceutical market. The manual monitoring bioprocesses is labor-intensive which can lead to inaccuracies in the production process. With the rapid technological advancement, key players have developed combined multi-functional analyzers which have multiple functionalities of different single analyzers into one analyzer which evaluate the culture medium automatically.
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The development of multiple functionalities device has reduced the rate of errors in the bioprocessing process by controlling the feedback parameters in bioprocess. The growth bioprocessing analytics equipment market is expected to increase at a large scale owing to increasing need optimization process for bio-therapeutics in the biopharmaceutical industry. Bioprocessing analytics is used in monitoring, measurement, and modeling of bioprocess data. Also, bioprocessing analytics helps in managing production cost required for bio-therapeutics processes. Moreover, bioprocessing analytics equipment also helps in keeping the downstream and upstream process track of extremely progressive instrumentation with smart sampling techniques. These factors are expected to significantly raise the growth of bioprocessing analytics equipment market.
Bioprocessing analytics equipment market report is segmented on the basis of product type, application, end-user, and region & country level. Based upon product type, bioprocessing analytics equipment market is classified into osmometer and bioprocess analyzers. On the basis of application, bioprocessing analytics equipment market is classified into clinical application, and industrial application. On the basis of end-user, the market is classified into biopharmaceutical industries, contract research organizations, academics & research institutes and others.
The regions covered in this bioprocessing analytics equipment market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of bioprocessing analytics equipment is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Bioprocessing Analytics Equipment Market Report-
The major players operating in the bioprocessing analytics equipment market are Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., ELITechGroup, KNAUER, Gonotec GmbH, Advanced Instruments Inc., Merck Millipore, GE Healthcare, Becton, Dickinson and Company, Danaher Corporation, and Others.
Advances in Analytics for Bioprocessing
On 1st July 2018, According to the first FDA’s process analytical technology initiative, the analytical technology process tools have enabled the manufacturers to control and monitor the processes of production. The aim of the first FDA’s process analytical technology initiative was to move the mindset of the industry from quality testing at the end of production to develop techniques which will assess, predict, monitor and control the manufacturing process quality from the start to the end. The process analytical technology tools have simplified the ongoing adjustment and monitoring of the bioprocesses to maintain and ensure the quality of produced biologic drug products with high standard and to meet the essential qualifications all the time. Several manufacturers have adopted the process of analytical technology tools in their bioprocesses.
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Rising R&D Expenditure and Growing Technological Advancements are the Factors Expected to Drive the Growth of this Market
The research and development process requires a large investment and funds because of the lengthy developments and approval cycles process. In the recent past years, it has been observed that with the increasing approvals by regulatory bodies there has been an increase in the number of new drugs entering the market. Additionally, regulatory authorities have also commenced a number of steps to improve the first approval rate step. This step would provide the FDA to fast access the innovative therapies to speed up the research and development activities. Also, to improve the productivity of the bioprocessing manufacturing process, many companies are putting emphasis on analytical quality-by-design methods. This step taken by the FDA and companies is estimated to boost the bioprocessing analytics equipment market growth in the forecast years. Moreover, technological advancements, rising vaccine production demand, growth in the biopharmaceutical industry, and an increase in R&D expenditure acts as the major factors to drive the growth of the market. However, strict regulatory policies and high cost of equipment are likely to restrict the growth of the bioprocessing analytics equipment market.
North America is the most Prominent Market for the Bioprocessing Analytics Equipment
Geographically, Bioprocessing Analytics Equipment market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America, followed by Europe market is expected to project to be the most revenue generation market for the bioprocessing analytics equipment. North America is expected to grow at the fastest CAGR during the forecast period. The growth of North America market is driven by cell-based bioprocesses widely used for the production of therapeutics protein. Also, the region has highly specialized facilities and availability of advanced resources for the research purposes.
Key Benefits for Bioprocessing Analytics Equipment Market Report–
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
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Global Bioprocessing Analytics Equipment Market Segmentation: –
By Product Type:
Freezing Point Depression Osmometer
Vapor Pressure Depression Osmometer
Contract Research Organizations
Academics & Research Institutes
By Regional & Country Level:
Middle East and Africa
Rest of Middle East and Africa
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Bioprocessing Analytics Equipment Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Bioprocessing Analytics Equipment Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Bioprocessing Analytics Equipment Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – Global Bioprocessing Analytics Equipment Market Overview: Quantitative Analysis
4. Chapter – Global Bioprocessing Analytics Equipment Market Analysis: By Product Type
5. Chapter – Global Bioprocessing Analytics Equipment Market Analysis: By Application
6. Chapter – Global Bioprocessing Analytics Equipment Market Analysis: By End-User
7. Chapter – Global Bioprocessing Analytics Equipment Market Analysis: By Manufacturer
9. Chapter – Company Profiles
9.1. Thermo Fisher Scientific Inc.
9.1.3. Product portfolio
9.1.4. Bioprocessing Analytics Equipment Market Revenue (USD Million) and Market Share (%), 2014 – 2018
9.1.5. Bioprocessing Analytics Equipment Sales Market Share (%), 2014 – 2018
9.1.6. Business strategy
9.1.7. Recent developments
9.2. F. Hoffmann-La Roche Ltd.
9.5. Gonotec GmbH
9.6. Advanced Instruments Inc.
9.7. Merck Millipore
9.8. GE Healthcare
9.10. Dickinson and Company
9.11. Danaher Corporation
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