Bioprocessing Analysis Equipment Market Growth is fixed in total US$485.1 million in 2022. The global market is expected to reach US$633.6 million by 2028, increasing at a CAGR of 4.5%.
In terms of revenue, the global bioprocessing analysis equipment market is expected to register a CAGR of 4.5% over the forecast period, owing to various factors, on which FMI offers detailed insights and forecasts in this report.
Bioprocessing Analysis Equipment Market: Segmental Analysis
The global bioprocessing analysis equipment market is segmented on the basis of product type, application, end-user, and region.
Based on product type, the market is segmented into osmometers and bioprocess analyzers. Osmometers are the major product type in the bioprocessing analysis equipment market over the forecast period.
North America is expected to grow in popularity over the forecast period, driven by cellular bioprocesses widely used for the production of therapeutic proteins.
Manual monitoring of such bioprocesses is labor intensive and can lead to errors in the production process.
Due to rapid advances in technology, manufacturers have developed integrated multifunctional analyzers, which combine the functionality of different single analyzers (such as cell counters, osmometers, nutrient/electrolyte/metabolite biological profile analyzers) in one new technologically enabled sampling system to automatically analyze the culture medium.
The integration of several features allows feedback control of parameters and reduces error rates in bioprocessing.
The market is further categorized based on application into clinical and industrial applications. The industrial application segment is expected to lead the global bioprocessing analysis equipment market over the assessment period.
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The demand for bioprocessing analysis equipment is expected to be highest across various industries, and the industrial segment is expected to register a CAGR of 4.4% during the forecast period.
The market is further classified based on end users. End-user segments include biopharmaceutical companies, contract research organizations (CROs), contract manufacturing organizations (CMOs), academics and research institutes, and clinical diagnostics.
Biopharmaceutical companies are the largest end-users of bioprocessing analysis equipment, while demand for bioprocessing analysis equipment is expected to be highest among biopharmaceutical companies – which are expected to register a growth rate of 3. 9% over the forecast period.
Bioprocessing Analytical Equipment Market: Regional Forecast
This report assesses the trends driving the growth of each market segment on a global and regional level, and offers potential takeaways that could prove of significant benefit to manufacturers looking to enter the market.
The North America market is estimated to dominate the global bioprocessing analysis equipment market, accounting for maximum market revenue share by the end of 2022.
The Western Europe and APECJ markets are collectively expected to account for approximately 39.2% of the total bioprocessing analysis equipment market share by value by the end of 2022.
APECJ market revenue is expected to grow at a CAGR of 5.9% during the forecast period.
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A key trend observed in the bioprocessing analysis equipment market is product innovation.
In addition, the increasing importance of the development of bioprocessing analysis equipment by major players to improve their product portfolio is a trend in the global bioprocessing analysis equipment market.
Key Segments of the Bioprocessing Analysis Equipment Industry Survey, By Product Type:
- Vapor pressure and depression osmometers
- Membrane osmometers
- Freezing point depression osmometers
- Bioprocess analyzers
- Bioprocessing Analysis Equipment for Clinical Applications
- Bioprocess analysis equipment for industrial applications
Per end user:
- Bioprocess analysis equipment for biopharmaceutical companies
- Bioprocessing Analysis Equipment for Contract Research Organizations (CROs)
- Bioprocessing Analysis Equipment for Contract Manufacturing Organizations (CMOs)
- Bioprocessing analysis equipment for academics and research institutes
- North America Bioprocessing Analytical Equipment Market
- Latin America Bioprocessing Analytical Equipment Market
- European bioprocessing analysis equipment market
- East Asia Bioprocessing Analysis Equipment Market
- Bioprocessing Analysis Equipment Market in South Asia and the Pacific
- Middle East and Africa (MEA) Bioprocessing Analytical Equipment Market
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