Bioprocess technology is the industrial application of biological processes, which include living cells with their components to upshot the transformation of substrate
Bioprocess includes various activities such as biocatalyst, bioreactors, purification, upstream processes, and downstream processes
It has substantial demand in the pharma industry due to rise in prevalence of cancer other chronic diseases
Increase in the global geriatric population leads to a rise in patient population suffering from infections and diseases. According to the 2016 research findings by the World Health Organization (WHO), population aged 60 and above is projected to reach 2.5 billion by the end of 2050.
More than 25% of the world's population will be aged 65 by the end of 2050. Aging population is more prone to diseases such as chronic kidney diseases, diabetes, cardiovascular diseases, hypertension, and cancer due to low immunity. Hence, surge in the geriatric population increases the prevalence/incidence rate of these disorders and diseases.
Rise in outsourcing of manufacturing activities to CMOs, CROs, and CDMOs is set to propel the single-use bioprocessing industry, as increasing number of CMOs have small flexible facilities and are beginning to rely on single-use equipment in their process value chain. This is likely to boost the global bioprocess technology market .

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Bioprocess Technology Market: Segmentation

• The global bioprocess technology market has been segmented based on product, application, and end-user
• In terms of product, the global bioprocess technology market has been bifurcated into consumables accessories and instruments
• Based on application, the global market has been classified into primary surgical, antibiotics, recombinant proteins, monoclonal antibodies, and biosimilar
• In terms of end-user, the global bioprocess technology market has been divided into biopharmaceutical companies, contract manufacturing organization, contract research organization, food feed industry, and academic research organization
• Each of the segments has been analyzed in detail for recent trends developments, drivers, restraints, opportunities, and useful insights. The bioprocess technology market report provides current and future revenue (US$ Mn) for each of these segments for the period from 2017 to 2031, considering 2020 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2021 to 2031, along with market size estimations.

Regional Overview: Bioprocess Technology Market

• In terms of region, the global bioprocess technology market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The regions have been divided into major countries and sub-regions. North America is projected to be a highly lucrative market during the forecast period. The region accounted major share of the global market in 2020. The market in North America is anticipated to expand at a high CAGR from 2021 to 2031.
• The U.S. dominated the market in North America in 2020, owing to factors such as increase in geriatric population and presence of a large number of bioprocess technology manufacturers. Additionally, availability of advanced technology and undertaking of a large number of research studies in the U.S. drive the market in the region.
• Europe was the second largest market for bioprocess technology in 2020. The market in the region is driven by expansion of the biopharmaceutical industry, rise in demand for different products such as antibiotics, bio-similar, monoclonal antibodies, recombinant proteins, and cost reductions of these products.

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Major Players

• The report concludes with the company profiles section that includes key information about the major players in the global bioprocess technology market
• Leading players analyzed in the report are
  • Thermo Fisher Scientific, Inc.
  • Siemens Healthineers
  • GE Healthcare (General Electric Company)
  • Sartorius AG
  • Becton
  • Dickinson and Company
  • Danaher Corporation
  • Eppendorf AG
  • Lonza
  • Advanced Instruments
  • Nova Biomedical
  • F. Hoffmann-La Roche Ltd.
• Each of these players has been profiled in the report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments

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