Global Bioprocessing Analytics Equipment Market Projected to Reach a Value of US$ 633.6 Mn by 2028

Published: Tue Oct 23 2018

Market Research Reports Search Engine (MRRSE) has added a new study titled "Bioprocessing Analytics Equipment Market: APECJ to Remain Most Lucrative Regional Market Through 2028: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028", to its wide online storehouse of research reports. This assessment works to deliver prime insights about the global bioprocessing analytics equipment market together with major trends that are expected to impact the concerned sector in the near future. According to research findings, the global bioprocessing analytics equipment market is likely to be valued at US$ 406.5 Mn in 2018; at this pace the target market is projected to expand at 4.5% CAGR over the forecast period (2018–2028) to acquire US$ 633.6 Mn by the end of 2028.

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Bioprocessing analytics equipment are basically termed as bio-analytical instruments which are used for bioprocess monitoring and fermentation control across biopharmaceutical production process. In addition, bioprocessing analytics equipment are utilized to analyse the bioprocess constituents like glucose, glutamate, lactate, potassium, ammonium and others. Some of the prime market drivers as researched in the report includes the extensive use of cell-based bioprocesses in the field of therapeutics protein production. Furthermore, with rapid advancements in technology, various manufacturers have created integrated multi-functional bioprocessing analytics equipment which combine the operations of different single bioprocessing analytics equipment into a single technologically empowered novel sampling system for analyzing the culture medium automatically.

Based on geography, the global bioprocessing analytics equipment market is split into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific (excluding China & Japan), Japan, China and the Middle East & Africa (MEA). Focusing on the value factor, North America is likely to emerge as the dominant regional bioprocessing analytics equipment market by the end of 2018. Also, with the current developments and innovations influencing the target region, it is expected that the bioprocessing analytics equipment market in North America will advance at a CAGR of 3.3 % during the forecast period. Similar growth projections are anticipated across China and APEJC since they are seen as higher revenue generating regions.

The research also focuses on the end users of bioprocessing analytics equipment which are segmented into contract research organizations (CROs), biopharmaceutical companies, academics & research institutes and contract manufacturing organizations (CMOs). Presently, the biopharmaceutical companies segment acquires the highest revenue share in the overall bioprocessing analytics equipment market. Overall, this research report is a useful data source for new investors who are wishing to frame fresh plans for the coming years.

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