Bioprocessing Analytics Equipment Market is valued at USD 565.0 Million in 2018 and is expected to reach USD 811.0 Million by 2025 with a CAGR of 5.3% over the forecast period.

Scope of Bioprocessing Analytics Equipment Market

Bioprocessing analytics equipment is the bio-analytical device that is widely used in biopharmaceutical processes and industrial applications for monitoring and control of fermentation and bioprocesses. The device examines the bioprocess components such as glucose, ammonium, potassium, glutamate, lactate, and others. Product innovation is the key trend observed in the bioprocessing analytics equipment market.

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Likewise, many manufacturers are more focusing on developing and expansion of their product portfolio for fulfilling this purpose the importance of developing bioprocessing analytics equipment has grown drastically and is very trending in the biopharmaceutical market.

The manual monitoring of bioprocesses is labor-intensive which can lead to inaccuracies in the production process. With the rapid technological advancement, key players have developed combined multi-functional analyzers which have multiple functionalities of different single analyzers into one analyzer which evaluate the culture medium automatically.

Top Industry Companies –

Key Players for Bioprocessing Analytics Equipment Market Report: The major players operating in the bioprocessing analytics equipment market are Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., ELITechGroup, KNAUER, Gonotec GmbH, Advanced Instruments Inc., Merck Millipore, GE Healthcare, Becton, Dickinson and Company, Danaher Corporation, and Others.

The development of multiple functionalities devices has reduced the rate of errors in the bioprocessing process by controlling the feedback parameters in bioprocess. The growth bioprocessing analytics equipment market is expected to increase at a large scale owing to the increasing need for optimization processes for bio-therapeutics in the biopharmaceutical industry.

Bioprocessing analytics is used in the monitoring, measurement, and modeling of bioprocess data. Also, bioprocessing analytics helps in managing the production costs required for bio-therapeutics processes. Moreover, bioprocessing analytics equipment also helps in keeping the downstream and upstream process track of extremely progressive instrumentation with smart sampling techniques. These factors are expected to significantly raise the growth of the bioprocessing analytics equipment market.

Global Bioprocessing Analytics Equipment Market Segmentation:

Bioprocessing analytics equipment market report is segmented on the basis of product type, application, end-user, and region & country level.

By Product Type:

• Osmometer
  • Freezing Point Depression Osmometer
  • Membrane Osmometer
  • Vapor Pressure Depression Osmometer
• Bioprocess Analyzers

By Application:

• Clinical Application
• Industrial Application

By End-User:

• Biopharmaceutical Industries
• Contract Research Organizations
• Academics & Research Institutes
• Others

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Rising R&D Expenditure and Growing Technological Advancements are the Factors Expected to Drive the Growth of this Market:

The research and development process requires a large investment and funds because of the lengthy developments and approval cycles process. In recent past years, it has been observed that with the increasing approvals by regulatory bodies there has been an increase in the number of new drugs entering the market.

Additionally, regulatory authorities have also commenced a number of steps to improve the first approval rate step. This step would provide the FDA to fast access the innovative therapies to speed up the research and development activities. Also, to improve the productivity of the bioprocessing manufacturing process, many companies are putting emphasis on analytical quality-by-design methods. This step taken by the FDA and companies is estimated to boost the bioprocessing analytics equipment market growth in the forecast years.

Moreover, technological advancements, rising vaccine production demand, growth in the biopharmaceutical industry, and an increase in R&D expenditure acts as the major factors to drive the growth of the market. However, strict regulatory policies and the high costs of equipment are likely to restrict the growth of the bioprocessing analytics equipment market.

North America is the most Prominent Market for Bioprocessing Analytics Equipment:

Geographically, the Bioprocessing Analytics Equipment market report is segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America, followed by European market is expected to project to be the most revenue generation market for the bioprocessing analytics equipment.

North America is expected to grow at the fastest CAGR during the forecast period. The growth of the North American market is driven by cell-based bioprocesses widely used for the production of therapeutics protein. Also, the region has highly specialized facilities and the availability of advanced resources for research purposes.

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