USD 1.46 billion
Report ID:
SQMIG35A2807 |
Region:
Global |
Published Date: September, 2024
Pages:
219
|Tables:
87
|Figures:
66
Global Bioprocess Containers Market size was valued at USD 2.10 billion in 2022 and is poised to grow from USD 2.63 billion in 2023 to USD 15.87 billion by 2031, growing at a CAGR of 25.20% during the forecast period (2024-2031).
Surging demand and popularity of personalized medicine around the world is projected to primarily augment the sales of bioprocess containers going forward. Advancements in bioprocess container technologies and rising investments in biotechnology research and development are also forecasted to create new opportunities for bioprocess containers providers in the future. Development of new microarrays and growing use of bioprocess containers in genomics and proteomics are also predicted to create new business scope for bioprocess containers companies over the coming years. Rising emphasis on device miniaturization, advancements in microfluidics, and rising demand for organoids are also estimated to be top drivers for bioprocess containers market development in the future. High incidence of chronic diseases and demand for early diagnostics will also play a vital role in bioprocess containers market growth going forward. On the contrary, complexity in design and operation, high costs of development, and limited awareness regarding its benefits are key constraints that impede bioprocess containers market development around the world.
Global Market Size
USD 1.46 billion
Largest Segment
2D bioprocess containers
Fastest Growth
3D bioprocess containers
Growth Rate
9.2% CAGR
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Global Bioprocess Containers Market is segmented by Type, Application, End User, and region. Based on Type, the market is segmented into 2D Bioprocess Containers, 3D Bioprocess Containers, and Other Containers & Accessories. Based on Application, the market is segmented into Upstream Processes, Downstream Processes, Process Development. Based on End User, the market is segmented into Pharmaceutical & Biopharmaceutical Companies, Contract Research Organizations & Contract Manufacturing Organizations, and Academic & Research Institutes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
2D bioprocess containers are projected to account for a dominant share of the global bioprocess containers market. High use of 2D bioprocess containers in downstream as well as upstream processing applications is what has allowed this segment to maintain its dominant stance. 2D bioprocess containers are single layered and most commonly used in biopharmaceutical manufacturing applications. Storing or transporting liquids and cell cultures often involves the use of 2D bioprocess containers. Moreover, the high use of 2D bioprocess containers for single-use technologies is also expected to further bolster the high market share of this segment in the long run.
On the other hand, the demand for 3D bioprocess containers is estimated to rise at a robust CAGR across the forecast period and beyond. 3D bioprocess containers are multi-layered containers featuring more complex geometry. The ability of 3D bioprocess containers to accommodate different types of processes and process equipment is what is making them highly coveted around the world. Advancements in material technologies and the rising use of advanced materials in bioprocess container manufacturing are expected to help this segment generate new opportunities for bioprocess container providers going forward.
Analysis by End User
Biopharmaceutical and pharmaceutical companies are estimated to spearhead the demand for bioprocess containers in the future. Growing investments in research and development of new biologics and pharmaceuticals are estimated to boost sales of bioprocess containers in this segment going forward. Growing awareness regarding benefits of bioprocess containers use and high availability of advanced bioprocess containers are also expected to contribute to the dominance of this segment over the coming years. Moreover, the rising number of biopharmaceutical companies around the world are also expected to create new opportunities for bioprocess container providers through 2031.
Meanwhile, the demand for bioprocess containers in contract research organizations (CROs) & contract manufacturing organizations (CMOs) is estimated to surge impressively in the future. Growing demand for outsourcing of multiple drug discovery, development, and manufacturing operations by multiple companies around the world is driving up the sales of bioprocess containers in contract research organizations and contract manufacturing organizations going forward. Increasing complexity of the regulatory environment is also expected to bring more business to contract research and contract manufacturing organizations in the future thereby also creating a new business scope for bioprocess container companies as well.
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Presence of key pharmaceutical and biopharmaceutical companies in the North American region allows it to account for a dominant share in the global landscape. Supportive government initiatives to promote medical research are also expected to help promote sales of bioprocess containers in this region. High healthcare expenditure and the growing use of biologics in countries such as the United States and Canada will also create new opportunities for bioprocess container providers going forward. Increasing approvals of new biologics and high demand for the same are also estimated to uplift bioprocess containers market growth potential in the North American region through 2031.
The demand for bioprocess containers is projected to increase at a robust pace in the Asia Pacific region across the forecast period and beyond. Rising investments in healthcare infrastructure development, establishment of multiple new CROs and CMOs in this region, and low manufacturing costs are some key factors that help this region become the most opportune one for bioprocess container companies. India and China are slated to be the top markets for bioprocess container providers looking to make a mark in this region. Supportive government initiatives and funding to promote healthcare manufacturing in this region will also generate new opportunities in the future.
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Drivers
Rapid Expansion of Biopharmaceutical Industry
Rising Use of Single-Use Technologies (SUTs)
Restraints
Environmental Concerns Regarding Disposal
Potential of Contamination
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Developing bioprocess containers that are completely free from risk of contamination from external or internal factors will be the prime focus of bioprocess containers companies. Targeting the development of bioprocess containers with sustainable materials will also offer lucrative opportunities for bioprocess containers market players in the future. Launching new products and collaborating with different biopharmaceutical companies can also help market players expand their revenue generation potential going forward.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing investments in biotechnology research and rising use of biologics and monoclonal antibodies are forecasted to drive up the demand for bioprocess containers over the coming years. However, environmental concerns regarding disposal and risk of leaching contamination through materials are slated to impede market growth potential. The presence of multiple pharmaceutical and biotechnology companies in the North American region allows it to hold a dominant stance in the global bioprocess containers market. Incorporation of sustainability will be a major trend that will make or break any bioprocess container company in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.10 billion |
Market size value in 2031 | USD 15.87 billion |
Growth Rate | 25.20% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Bioprocess Containers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioprocess Containers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioprocess Containers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bioprocess Containers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2807
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