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Next-Generation Biomanufacturing Market - A Global Analysis

Focus on Single-Use and Digital Platform and Segment Analysis for Workflow, Products, Medical Application, End User, Country Data (16 Countries), and Competitive Landscape - Analysis and Forecast, 2020-2031

 
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The global next-generation biomanufacturing market is expected to grow at a CAGR of 14.85% during the forecast period 2021-2031 and is expected to reach a value of $85,201.2 million in 2031.
The top market players are Applikon Biotechnology BV, bbi-biotech GmbH, Danaher Corporation, Eppendorf AG, Esco Group of Companies, GEA Group Aktiengesellschaft, Meissner Filtration Products, Inc., Merck KGaA, PBS Biotech, Inc., Pierre Guérin, Sartorius AG, Shanghai Bailun Biotechnology Co. Ltd., Solaris Biotechnology Srl., Thermo Fisher Scientific Inc., ZETA GmbH.
Factors driving the growth of the next-generation biomanufacturing market are increasing biologics and biosimilars approvals, growing trend among biomanufacturing vendors to integrate automation technologies, and boosting bioproduction workflow while reducing cost, time, and labor.
Some of the main challenges restricting the growth of the next-generation biomanufacturing market are complex production steps, process operational complexity, risk of product contamination, maintenance of production efficiency, and validation challenges, lack of skilled professionals, and unharmonized manufacturing standards, and lack of knowledge and skilled labor in middle-income and low-income countries.
The potential opportunities that are likely to boost the growth of the next-generation biomanufacturing market are increasing development and commercialization of digital bioreactors, and increasing investment in R&D, and rapid development of the biopharmaceutical industry.
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