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DUBLIN–(BUSINESS WIRE)–The “Bioprocess Technology Market Analysis, By Product, By Application, By End User, and by Region – Global Forecast to 2029” report has been added to ResearchAndMarkets.com’s providing.
The bioprocess expertise market dimension is estimated to be USD 18,311.5 million in 2021 and is anticipated to witness a CAGR of 15.77% through the forecast interval 2022-2029.
Corporations Talked about
- Lonza Group AG (Switzerland)
- Becton
- Dickinson and Firm (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- Merck Millipore (Germany)
- Sartorius Stedim Biotech S.A (France)
- GE Healthcare (U.S.)
- Corning Inc. (U.S.)
- Bio-Rad Laboratories (U.S.)
- Danaher Company (U.S.)
- Charles River Laboratories (U.S.)
The widespread use of bioprocess expertise, prescribed drugs, agriculture, and biotechnology are a few of the elements contributing to the market progress.
Moreover, rising expenditures on R&D within the biotechnology sector, spike in vaccine demand, ongoing technological developments, rising variety of new drug manufacturing and launches, and rising incidence of most cancers and HIV are different elements contributing the market progress. Nevertheless, excessive worth of the devices is anticipated to hinder the expansion.
By Product
Based mostly on product, the market is categorized into cell counting, cell tradition, biologics security testing, circulate cytometry, tangential circulate filtration, cell line growth, and cell growth.
In 2021, the biologics security testing accounted for the very best income share as a result of rising authorities help for the biotechnology and pharmaceutical industries.
By Software
On the idea of utility, the market is categorized into biosimilars, recombinant proteins, antibiotics, and others. Within the world market, the recombinant proteins section accounted for the biggest income share in 2021 owing to the rise in demand for recombinant proteins in medicinal purposes.
By Finish Consumer
Based mostly on finish person, the market is segmented into contract analysis group, contract manufacturing group, biopharmaceutical firms, educational analysis institutes, and meals & feed business.
In 2021, the biopharmaceutical firms section accounted for the biggest income share owing to rising want for improved bioprocess expertise for the creation of cutting-edge prescribed drugs and vaccines.
Regional Markets
In 2021, North America area accounted for the very best income within the bioprocess expertise market and is anticipated to take care of its dominance through the forecast interval. That is attributed to the growing demand for high-quality biologics, the widespread presence of quite a few home and worldwide market contributors, and the rising expenditure in analysis and growth actions by these market gamers.
For extra details about this report go to https://www.researchandmarkets.com/r/xy4zll
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