The market is projected to rise as a result of the increased use of new technologies and the expanding pharmaceutical and life science industries. The benefits of digital manufacturing include increased monitoring, data gathering and handling, networking, computing power, process control algorithms, and automation. This has helped fuel market expansion over the anticipated term.
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Impact
The unforeseen COVID-19 pandemic outbreak has a favourable effect for the pharmaceutical, biopharmaceutical, and life sciences sectors. COVID-19 has an impact on supply chains, manufacturing, etc. Key actors are moving toward digital biomanufacturing as a result of pandemic’s impact on biomanufacturing. For instance, the new software suite from Merck, called Bio4C, enables the digital transformation of the biopharmaceutical industry through data visualisation, analytics, and process monitoring.
Manufacturing companies are under pressure to cut costs, improve customer experiences, and increase profitability. Organizations using digital forces are upending traditional business models with new value offerings. This disruption presents challenges for the manufacturing industry, but it also presents a chance for a rise in the use of digital biomanufacturing.
Key Takeaways
Throughout the projected period, it is anticipated that the global market for digital biomanufacturing would register a CAGR of 9.9%. Drug manufacturers face challenging regulatory restrictions, severe cost pressures, an increase in the number of new product classes, and high development costs. The development of digital biomanufacturing partially addresses these issues, which propels market expansion.
Over the course of the forecast period, the manufacturing technologies category is anticipated to have the greatest CAGR in the worldwide digital biomanufacturing market. Major participants in the biopharmaceutical sector are working to boost biologic output. This will then fuel the segment’s expansion.
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In the worldwide digital biomanufacturing market, the sector for biomanufacturing process automation and control is anticipated to have the highest CAGR. The industry’s preference for smart biomanufacturing to increase productivity and efficacy is predicted to fuel segment growth.
Culture Biosciences, ABB, GE Healthcare, Cytiva, Agilent Technologies, Inc., Siemens, BIOMÉRIEUX, immersciobio, and Sanofi are some of the major companies competing 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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