With the emergence and long-term Impact of COVID-19, the Global Continuous Bioprocessing Market is to reach USD 636.91 million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Continuous Bioprocessing Market is poised to raise up to USD 636.91 million by 2030. Continuous bioprocessing refers to a method of manufacturing in the biopharmaceutical industry where the production steps for biological products occur without interruption, as opposed to traditional batch processing. The Continuous Bioprocessing Market is expanding because of factors such as the increasing number of contract development and manufacturing organizations and the rising demand for biopharmaceuticals. In a continuous bioprocessing setup, various stages of the production process, such as cell culture, harvest, purification, and formulation, are connected in a continuous flow rather than being conducted as separate, distinct batches.
As a result, the demand for Continuous Bioprocessing has progressively increased in the international market during the forecast period 2023-2030. Continuous bioprocessing has the potential to reduce overall manufacturing costs by improving resource utilization, minimizing downtime, and optimizing production processes. CDMOs, as service providers, are often focused on delivering cost-effective solutions to their clients. According to Statista, the Contract Development and Manufacturing Organization (CDMO) market accounted for USD 115.5 billion in 2020 and is projected to reach up to USD 223.5 billion by the year 2030. Another important factor that drives the Continuous Bioprocessing Market is the increasing demand for biopharmaceuticals. Continuous bioprocessing can contribute to improved product quality and consistency.
Real-time monitoring and control mechanisms enhance the ability to maintain desired product attributes, reducing variability and ensuring high-quality biopharmaceuticals. In addition, as per Statista, the global pharmaceutical market accounted for USD 1.48 trillion in 2022. This represents a marginal gain from 2021 when the market was valued at USD 1.42 trillion. Moreover, the increasing number of contract development and manufacturing organizations and rising demand for biopharmaceuticals are anticipated to create lucrative growth opportunities for the market over the forecast period. However, high capital investments and stringent regulatory requirements are going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Continuous Bioprocessing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the biopharmaceutical companies forming strategic partnerships and collaborations to expand their market presence in the region. The region’s dominant performance is anticipated to propel the overall demand for Continuous Bioprocessing. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as bioprocessing technology and partnership expansions, as well as collaborations with key players in biopharma manufacturing in the region.
The global Continuous Bioprocessing Market is highly competitive owing to the presence of several key manufacturers such as 3M Company, Danaher Corporation, Thermo Fisher Scientific, Inc, Merck KGaA, Sartorius AG, Repligen Corporation, Eppendorf SE, and others.
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Key findings of the study suggest:
- Global Continuous Bioprocessing Market is anticipated to grow with a healthy growth rate of more than 22.50% over the forecast period 2023-2030.
- In the End User segment, pharmaceutical and biotechnology companies emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to biopharmaceutical companies forming strategic partnerships and collaborations.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Product
- Filtration Systems and Consumables
- Chromatography Systems and Consumables
- Bioreactors
- Sterilizers
- Centrifuges
- Others
By Application
- Commercial
- Vaccines
- mAb production
- Recombinant Protein Production
- Cell and Gene Therapy Production
- R&D
By End User
- Contract Development and Manufacturing Organizations and Contract Research Organizations
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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