The global Upstream
Bioprocessing Market size is
expected to reach USD 12.60 billion by 2026, expanding at a CAGR of 12.90%
during the forecast period, according to a new report by Grand View Research,
Inc. Commercial success and wide acceptance of biopharmaceuticals have provided
lucrative growth avenues to several in house as well as contract manufacturing
biopharmaceutical companies. Furthermore, a confluence of factors, such as high
demand for biosimilars and biologics, launch of improved cost-effective
technologies, and growing acceptance of single-use systems have driven the
revenue performance of the market.
Start-ups and new market
entrants often face budget constraints while establishing new biomanufacturing
plants. Thus, these entities expand their biotherapeutics portfolio by outsourcing
the production process to contract services, thereby aiding in revenue growth
for upstream bioprocessing services.
Continuous upstream
bioprocessing has greatly benefited the bioprocessing industry. Rising
implementation of methods, such as acoustic wave technology and continuous
centrifugation, for clarification of bioreactor cultures tends to minimize the
clarification burden. This, in turn, increases the cell-culture densities,
consequently resulting in efficient upstream processes.
Ongoing advancements in cell
line productivity with respect to protein expression and clone screening are
expected to result in the fastest CAGR of cell culture products over the
forecast period. Cell culture is considered as the most challenging and crucial
step in upstream bioprocessing, and thus demands more attention with respect to
technological intricacies, resulting in the largest share in the upstream
bioprocessing market.
Factors such as multi-use
systems incur one-time investment, are applicable for larger bioprocessing
volumes and maintain the pH and oxygen accurately resulting in high usage rate
of these systems. However, a paradigm shift from conventional stainless-steel
bioreactors to single-use bioreactor systems has attributed to the lucrative
growth of the single-use segment.
Key market players are adopting
strategic initiatives, such as novel product developments, mutually beneficial
partnerships, agreements, and geographical expansion to reinforce their market
presence. For instance, in February 2019, Danaher Corporation signed an
agreement to acquire the Biopharma business of GE Life Sciences. The
acquisition broadened Danaher’s market presence with the addition of GE
Biopharma’s cell culture media, single-use technologies, development
instrumentation, and consumables to its existing portfolio.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/upstream-bioprocessing-market
https://www.grandviewresearch.com/industry-analysis/upstream-bioprocessing-market
Further key
findings from the report suggest:
- High availability of bioreactors and continuous launches
of single-use bioreactors by the key market players can be attributed to
the remarkable revenue share of the bioreactors segment
- Presence of well-established biopharmaceutical
manufacturing firms capable of performing in-house bioproduction has led
to the maximum revenue share of this segment
- Outsourced mode of upstream bioprocessing is anticipated
to witness the fastest CAGR over the forecast period, owing to increase in
investments and expansion of manufacturing capabilities through the
integration of single-use systems in the plants by CMOs
- North America dominated the global upstream
bioprocessing market as a result of the continuous innovations in
biotechnology and rising preferences for biopharmaceuticals in the region.
Moreover, the presence of substantial in-house biopharmaceutical
manufacturers coupled with numerous investments in the U.S. biologics
market has driven the growth
- Asia Pacific is poised to witness the fastest CAGR over
the forecast period due to growing awareness about the rapid analytical
methods that can be used for in-process control during the upstream
workflows
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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