Digital technologies are used in biomanufacturing to enhance the production process. Utilizing computer-aided design, verification, and production helps to improve biological manufacturing.
The market for digital biomanufacturing is anticipated to reach a value of US$17.92 billion in 2022 and grow at a CAGR of 9.9% during the following five years (2022-2030).
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Market Drivers
During the projected period, the expansion of the global market is anticipated to be driven by the rising importance of digital biomanufacturing.
Unique elements of biological activity are addressed by digital biomanufacturing, which also improves data gathering, monitoring, process control algorithms, automation, etc. Innovations in product creation, factory operations, and materials supply are all being changed by technologies like artificial intelligence (AI), automation, and robotics. Therefore, the market expansion in the near future is projected to be boosted by the rising application of smart manufacturing in bio-based sectors.
Over the projected period, growth in the global market is anticipated to be driven by the expansion of digital biomanufacturing facilities.
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Important actors are placing more emphasis on expanding the manufacturing process with cutting-edge technology to enhance production with research and development, paving the path for better commercialization of critical new medications for patients. This will further fuel market expansion. For instance, the worldwide biopharmaceutical giant Sanofi inaugurated its first continuous production facility in Framingham, Massachusetts, in October 2019.
Impact
The global lockdown caused by the coronavirus (COVID-19) pandemic has had an effect on the financial health of companies in all industries. One industry that has been severely damaged by the pandemic is the private healthcare sector. As a result, the rapid uptake of digital technologies in the biopharma industry during the pandemic has increased demand for digital bioprocessing, which in turn has increased market growth.
Market Restraints
The reasons that are expected to impede market expansion in emerging nations are a lack of awareness about technologically sophisticated offerings.
Key Players
Culture Biosciences, 3M, GE Healthcare, ABB, Agilent Technologies, Inc., Cytiva, BIOMÉRIEUX, Siemens, Sanofi, and immersciobio, are significant market participants in the worldwide digital biomanufacturing industry.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Development
- Regulatory Scenario
- PEST Analysis
- Porter’s Analysis
- Advances in Digital Biomanufacturing
- Overview of Digital Biomanufacturing
- Market Dynamics
- Global Digital Biomanufacturing Market – Impact of Coronavirus (Covid-19) Pandemic
- Government Initiative to Combat Covid-19
- COVID 19 Epidemiology
- COVID 19 Impact on Supply Chain
- Global Digital Biomanufacturing Market, By Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Manufacturing Technologies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Analytical and Process Control Technologies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Introduction
- Global Digital Biomanufacturing Market, By Application, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Bioprocess Optimization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Biomanufacturing Process Automation and Control
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Introduction
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