Bioprocess Analyzers Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

The global bioprocess analyzers market size was valued at US$ 260 Mn in 2020 and expected to surpass around US$ 660 million by 2028 with a CAGR of 11% from 2021 to 2028.

Growth of the biopharmaceutical industry, flexibility in terms of customization, technological advancements, and increase in demand for vaccines are anticipated to boost the growth of the global bioprocess analyzers market from 2019 to 2027.

North America is expected to dominate the global bioprocess analyzers market in the next few years. Single use technologies have expanded at a higher rate, as an alternative to permanent reusable stainless steel fermenters.

Asia Pacific bioprocess analyzers market is estimated to propel by the maximum growth rate during the forecast period, owing to the developing biotechnology industry and technological advancement.

What are the Key Market Dynamics in the Global Bioprocess Analyzers Market?

Single use technologies provide technological advancements and cost-effective technologies owing to increase in capacities and capabilities. Disposable systems are usually preferred in early stage development; however, stainless steel bioreactors are widely utilized for full-scale production in the global bioprocess analyzers market

Major companies enter into distribution agreements to expand their footprint across the world. Technological advancements and mergers & acquisitions are likely to propel the global bioprocess analyzers market during the forecast period.

Opportunities for manufacturers targeting large production volumes. A majority of stainless steel facilities are now being constructed in developing countries to cater to large volume demand in the global bioprocess analyzers market. Stainless steel facilities, although being phased out steadily due to surge in popularity of single-use technology, will remain an opportunity area for the global bioprocess analyzers market.

What are the Key Challenges Witnessed by the Global Bioprocess Analyzers Market?

Demand for personalized medicine, (stratified medicine), is increasing at a rapid pace- the trend toward stratified therapeutics will also call for changes in bioprocessing equipment design especially used in small scale production units. This might be a challenge for the global bioprocess analyzers market in the upcoming period.

Bioprocessing equipment developed for continuous biopharmaceutical manufacturing are relatively small-sized; however, integrating upstream and downstream bioprocessing can be a challenge for the global bioprocess analyzers market.

Consumables and Accessories Segment to Capture Largest Share

New product development and increase in efficiency of different media used for cell culture production are anticipated to boost the consumables & accessories segment in the global bioprocess analyzers market next few years.

Recombinant Proteins Segment to Grow at Rapid Pace

  • Increase in research studies to understand protein-protein interaction to perform several diagnostic tests such as ELISA and RIA is likely to augment the recombinant protein segment in the global bioprocess analyzers market during the forecast period.
  • Increase in research activities by several research institutes and biotech companies for the pre-diagnosis of chronic diseases propels the same segment in the global bioprocess analyzers market during the forecast period.
  • Demand for human and humanized monoclonal antibodies is increasing due to the rise in prevalence of several chronic diseases such as cancer and HIV- which might be a factor for the growth of the monoclonal antibodies segment in the global bioprocess analyzers market in the upcoming future.

Biopharmaceutical Companies Segment to Account for Largest Share

Increase in demand for therapeutic proteins produced through mammalian expression systems is likely to drive the biopharmaceutical companies segment in the global bioprocess analyzers market during the forecast period owing to rise in usage of bioprocess instruments by biotechnology and pharmaceutical companies to manufacture biopharmaceutical products such as biologics, drugs, and regenerative medicines.

A contract manufacturing organization offers important cost benefits over an organization’s internal production facilities- which might be the factor for the growth of the contract research organizations segment in the global bioprocess analyzers market during the forecast period.

North America to Account for Largest Market Share

  • High competition, increase in R&D expenditure of pharmaceutical and biotechnology companies, and shift of contract research organizations toward Asia Pacific fuel the growth of the bioprocess analyzers market in Asia Pacific
  • In terms of revenue, North America dominated the global bioprocess analyzers market in 2018. Higher adoption of advanced bioprocess products in R&D in the life sciences industry propels the bioprocess analyzers market in North America.

Hoffmann-La Roche Ltd., Nova Biomedical, and Randox Laboratories Ltd. to Lead Market

  • Hoffmann-La Roche Ltd., Nova Biomedical, and Randox Laboratories Ltd. are the major players in the global bioprocess analyzers market, offering products with proprietary technologies.
  • Other players in the global bioprocess analyzers market include Sartorius Group, YSI, Inc. (Xylem, Inc.), Optocell GmbH & Co. KG, Kaiser Optical Systems, Inc., and SYSBIOTECH GmbH.
  • Key mergers and acquisitions, technological advancements, and product promotion are the various competitive strategies adopted by the major companies in order to sustain the global bioprocess analyzers market.
  • In December 2018, Randox Laboratories won the Industrial Strategy Challenge Fund (ISCF) award from the U.K. Research and Innovation. The award was worth US$ 888,318 which was invested in research and development.
  • For example, in June 2018, Bio-Techne Corporation, a leading developer and manufacturer of growth factors, antibodies, and immunoassays announced plans to acquire Quad Technologies.
  • Spectrum, Inc., a privately held bioprocess filtration specialist, merged with life sciences company Repligen Corp in July 2017.

Market Segmentation

By Product
Consumables & Accessories

By Application
Recombinant Proteins
Monoclonal Antibodies

By End-user
Biopharmaceutical Companies
Contract Manufacturing Organizations
Contract Research Organizations

By Regional Outlook
North America
Asia Pacific
Asia Pacific
Middle East & Africa

Report Scope

The Bioprocess analyzers market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Bioprocess analyzers market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Bioprocess analyzers market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bioprocess analyzers market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Bioprocess analyzers market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Bioprocess analyzers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Bioprocess analyzers by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Bioprocess analyzers market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Bioprocess analyzers market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Bioprocess analyzers market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Bioprocess analyzers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Bioprocess analyzers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Bioprocess analyzers market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Bioprocess analyzers market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Bioprocess analyzers market. These factors have benefited the growth of the global market for Bioprocess analyzers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Bioprocess analyzers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Bioprocess analyzers are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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