Biopharmaceutical Processing Equipment And Consumables Market
Meticulous Research® – leading global market research company
published a research report titled “Biopharmaceutical Processing Equipmentand Consumables Market by Product (Filtration, Chromatography, Columns,
Bioreactor, Cell Culture, Service), Application (Commercial, Research), and End
User (Pharmaceutical, biotechnology, CDMO)- Global Forecast to 2023”.
According
to this latest publication from Meticulous Research®, the global
Biopharmaceutical Processing Equipment and Consumables market is expected to
grow at a CAGR of 14.8% from 2018 to 2023 to reach US
Browse in-depth Report
on: https://www.meticulousresearch.com/product/biopharmaceutical-processing-equipment-consumables-market/
The
global Biopharmaceutical Processing Equipment and Consumables market study
presents historical market data in terms of value (2016 and 2017), estimated
current data (2018), and forecasts for 2023 – by product (filtration system,
chromatography systems, bioreactors, cell culture market, mixing systems,
bioprocessing containers, sterilizers, centrifuges, incubators, shakers,
biosafety cabinets, other consumables & accessories, and
services), application (commercial bioproduction, research bioproduction), and
end user (pharmaceutical and biotechnology companies, academic and research
institutes, contract development and manufacturing organizations). The study
also evaluates industry competitors and analyzes the market at regional and
country level.
The
filtration and chromatography are the major processes contributing
significantly in the overall operational cost. The filtration systems are being
widely consumed for clarification and purification of liquids throughout the
production process and command the largest share of the market.
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Based
on application, commercial bioproduction commanded the largest market share in
2017. This segment is also expected to witness the fastest growth attributed to
growing demand for biopharmaceuticals and on-going as well as future capacity
expansions from various biopharmaceutical manufacturers.
Pharmaceutical
and biotechnology companies held a significant market share in 2017. On the
other hand, contract development and manufacturing organizations are expected
to be in spotlight during the forecast period.
This
research report analyzes major geographies and provides comprehensive analysis
of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy,
Spain, and RoE), Asia-Pacific (Japan,China, India, and RoAPAC), Latin America,
and the Middle East & Africa. North America captured a significant share in
2017, while Asia Pacific is expected to register highest CAGR during the
forecast period. The high growth in the forecast period will be due to
developing economies, expansion of key players in the region, growing geriatric
population with chronic diseases, and favorable regulatory reforms in this
region.
The
Global Biopharmaceutical Processing Equipment and Consumables market is
consolidated with top 5 players commanding major share. Key players operating
in the global bioprocessing equipment and consumables market include GE
Healthcare (U.S.), Merck Group (Germany),Thermo Fisher Scientific, Inc. (U.S.),
Bio-Rad Laboratories, Inc. (U.S.), 3M Company (U.S.), Repligen Corporation
(U.S.),Danaher Corporation(U.S.), Agilent Technologies, Inc. (U.S.), Sartorius
AG (Germany), and Eppendorf AG(Germany) among others. In the recent years,
these companies have significantly focused on new product launches, agreements,
partnerships, and collaborations to expand their product and service offerings,
strengthen their global footprint, and augment their market shares. For
instance, in November 2017, Merck KGaA (Germany) formed a strategic alliance
with Samsung BioLogics (South Korea) for biopharmaceutical manufacturing and
biologics process development. Moreover, in February 2017, Thermo Fisher
Scientific, Inc. acquired Finesse Solutions, Inc. (U.S.), within its Life
Sciences Solutions business segment to expand its bioproduction offerings.
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Asia-Pacific, Latin America, and Middle East & Africa.
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