Bioprocessing Analytics Equipment Market Innovations, Technology Growth and Research 2022-2028
Bioprocessing Analytics Equipment Market Growth is set to total US$ 485.1 Mn in 2022. The global market is expected to reach US$ 633.6 Mn by 2028, rising at a CAGR of 4.5%.
In terms of revenue, the global bioprocessing analytics equipment market is anticipated to register a CAGR of 4.5% over the forecast period, owing to various factors, regarding which FMI offers detailed insights and forecasts in this report.
Bioprocessing Analytics Equipment Market: Segmental Analysis
The global bioprocessing analytics equipment market is segmented based on product type, application, end user and region.
Based on product type the market is segmented into osmometers and bioprocess analysers. Osmometers is the leading product type in the bioprocessing analytics equipment market over the forecast period.
North America is expected to gain popularity over the forecast period, driven by cell-based bioprocesses extensively utilised for therapeutics protein production.
Manual monitoring of such bioprocesses is labour intensive and can lead to errors in the production process.
Due to rapid advancements in technology, manufacturers have developed integrated multi-functional analysers, which combine the functionality of different single analyzers (like cell counters, osmometers, nutrient/electrolyte/metabolite bio-profile analyzers) into one technologically enabled novel sampling system to analyse the culture medium automatically.
The integration of multiple functionality allows feedback control of parameters and reduces error rates in bioprocessing.
The market is further categorised based on application into clinical and industrial applications. The industrial application segment is expected to lead in the global bioprocessing analytics equipment market during the assessment period.
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Demand for bioprocessing analytics equipment is anticipated to be the highest across various industries, and the industrial segment is projected to register a CAGR of 4.4% over the forecast period.
The market is further classified based on end users. End user segments include Biopharmaceutical Companies, Contract Research Organization (CROs), Contract Manufacturing Organizations (CMOs), Academics & Research Institutes, and Clinical Diagnosis.
Biopharmaceutical companies are the largest end users of bioprocessing analytics equipment while demand for bioprocessing analytics equipment is expected to be the highest in Biopharma companies – anticipated to register a growth rate of 3.9% over the forecast period.
Bioprocessing Analytics Equipment Market: Regional Forecast
This report assesses trends that are driving the growth of each market segment at the global as well as regional level, and offers potential takeaways that could prove substantially useful to manufacturers looking to enter the market.
The North America market is estimated to dominate the global bioprocessing analytics equipment market, accounting for a maximum revenue share of the market by 2022 end.
The Western Europe and APECJ markets are collectively expected to account for around 39.2% of the total bioprocessing analytics equipment market share in terms of value by 2022 end.
Revenue from the market in APECJ is projected to expand at a CAGR of 5.9% over the forecast period.
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A key trend witnessed in the bioprocessing analytics equipment market is product innovation.
Furthermore, the growing importance of developing bioprocessing analytics equipment by big players to enhance their product portfolio is trending the global bioprocessing analytics equipment market
Key Segments Of Bioprocessing Analytics Equipment Industry SurveyBy Product Type :
- Osmometers
- Vapour Pressure Depression Osmometers
- Membrane Osmometers
- Freezing Point Depression Osmometers
- Bioprocess Analysers
By Application:
- Bioprocessing Analytics Equipment for Clinical Applications
- Bioprocessing Analytics Equipment for Industrial Applications
By End User:
- Bioprocessing Analytics Equipment for Biopharmaceutical Companies
- Bioprocessing Analytics Equipment for Contract Research Organizations (CROs)
- Bioprocessing Analytics Equipment for Contract Manufacturing Organizations (CMOs)
- Bioprocessing Analytics Equipment for Academics & Research Institutes
By Region:
- North America Bioprocessing Analytics Equipment Market
- Latin America Bioprocessing Analytics Equipment Market
- Europe Bioprocessing Analytics Equipment Market
- East Asia Bioprocessing Analytics Equipment Market
- South Asia & Pacific Bioprocessing Analytics Equipment Market
- Middle East & Africa (MEA) Bioprocessing Analytics Equipment Market
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