The latest report by Reports and Data reveals that in 2022, the global Upstream Bioprocessing Market had a size of USD 9.79 Billion, and it is projected to achieve a revenue compound annual growth rate (CAGR) of 7% throughout the forecast period.
One of the primary drivers propelling the substantial revenue growth in the global upstream bioprocessing market is the increasing demand for biopharmaceuticals. These drugs, derived from living cells or organisms, play a crucial role in treating a wide spectrum of ailments, including cancer, diabetes, and autoimmune diseases. As the global population continues to age, there is an expected significant increase in the demand for these medications, which, in turn, will fuel the revenue growth of the upstream bioprocessing market.
Another factor contributing to the expansion of market revenue growth is the rising prevalence of chronic diseases. According to data from the World Health Organization, chronic illnesses such as diabetes, cancer, and cardiovascular disease are the leading causes of death worldwide, accounting for approximately 60% of all fatalities. The increased incidence of these ailments is generating a substantial need for biopharmaceuticals, thereby driving revenue growth in the upstream bioprocessing sector.
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The growth of market revenue is also directly influenced by advancements in upstream bioprocessing technologies. The introduction of innovative technologies such as single-use bioreactors, high-throughput screening, and automated cell culture systems has significantly improved the efficiency and productivity of upstream bioprocessing. These technological innovations have gained widespread acceptance among biopharmaceutical manufacturers. Consequently, with increased investment in the biopharmaceutical sector, the upstream bioprocessing market is poised for substantial growth during the forecast period.
Key players in the Upstream Bioprocessing Market:
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Danaher Corporation
- Sartorius AG
- General Electric Company
- Lonza Group AG
- Eppendorf AG
- Fujifilm Holdings Corporation
- Becton, Dickinson and Company
- Corning Incorporated
Some Key Highlights in the Report:
- The largest share of revenue during the forecast period is expected to be captured by the cell culture media segment, primarily due to its critical role in cell development and expansion within the bioprocessing industry. Cell culture media plays a vital function by supplying essential nutrients and growth factors necessary for cell proliferation and optimal growth, enabling the synthesis of various biologics such as antibodies, vaccines, and enzymes. The increasing demand for biologics, driven by the rising prevalence of chronic diseases like cancer, autoimmune disorders, and infectious diseases, is a key factor propelling the revenue growth of the cell culture media segment.
- Anticipated to hold the largest share of revenue during the forecast period is the vaccines segment. This substantial revenue growth can be attributed to several factors, including the increasing incidence of infectious diseases and the growing demand for secure and effective vaccinations to prevent them. Furthermore, advancements in bioprocessing technology and the development of innovative vaccines are expected to drive the demand for upstream bioprocessing products in the projected period.
- North America is predicted to dominate in terms of revenue share over the projection period. The growth in revenue in this region is due to increased investments in R&D projects by various biopharmaceutical companies. The production of biologics is on the rise in the upstream bioprocessing industry of this region, driven by the increasing prevalence of chronic diseases and the growing demand for effective treatments. Additionally, the region is experiencing a surge in government initiatives aimed at promoting biopharmaceutical development, which is expected to further boost regional market revenue growth.
- In 2021, Thermo Fisher Scientific Inc. introduced the Gibco BioProduction Services Program, with the aim of offering a comprehensive range of services to biopharmaceutical manufacturers. These services encompass various aspects, including upstream and downstream process development, scale-up, and manufacturing services, catering to the diverse needs of the industry.
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For the purpose of this report, Reports and Data has segmented the global upstream bioprocessing market on the basis of Product Type Outlook, Application Outlook, End-Use Outlook, and Regional Outlook:
Product Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Cell Culture Media
- Filtration Systems
Application Outlook (Revenue, USD Billion; 2022 – 2032)
- Monoclonal Antibodies
- Recombinant Proteins
End-Use Outlook (Revenue, USD Billion; 2022 – 2032)
- Biopharmaceutical Companies
- Contract Development & Manufacturing Organizations (CDMOs)
- Academic and Research Institutes
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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- The reports include historical (2020–2021) and forecast (2022–2032) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
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- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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