Automation In Biopharma Industry Market Forecast 2024-2033: Anticipated Size and Growth Trends
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2024-2033 Automation In Biopharma Industry Market: What Growth Rate is Predicted?
In the past few years, there has been robust growth in the market size of automation in the biopharma industry. An increase from $1.94 billion in 2023 to $2.06 billion in 2024 is projected, representing a compound annual growth rate (CAGR) of 6.4%. This historical growth can be tied to the escalated intricacy in biopharmaceutical operations, the requirement for enhanced process efficiency, expansion in the production and development of biologics, demand for quality control and assurance, and the urgency to shorten the time-to-market.
The biopharma industry automation market is projected to experience robust growth in the upcoming years, escalating to $2.66 billion by 2028 with a compound annual growth rate (CAGR) of 6.6%. This projected rise during the forecast period can be consequent to an increase in integrity and documentation of data, the emergence of personalised medicine, the development of flexible and modular bioprocessing facilities, evolution of automation platforms, swelling demand for biosimilars, and the adoption of smart sensors and the Internet of things (IoT). The forecast period will also see significant trends including progressive developments in robotics and automation technologies, single-use technologies, integration of artificial intelligence in bioprocessing, process analytical technologies (PAT), collaborations between biopharma and technology companies, and an emphasis on sustainability in biopharma automation.
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What Aspects Are Driving the Expansion of the automation in biopharma industry Market?
The surging use of robots in the production of pharmaceuticals is anticipated to accelerate the expansion of automation in the biopharmaceutical industry market. Advanced automated systems and machinery, collectively known as robots in pharmaceutical manufacturing, undertake a variety of roles in the creation and packaging of pharmaceutical items. These robots are commonly employed in varied instances such as secondary packaging, intralogistics, lab automation, pharmacy process automation, and personalized medicine, leading to better efficiency, enhanced accuracy, minimized contamination risk, and greater safety for workers. For instance, data from the Association for Advancing Automation (A3), an organization based in the US that supports and fosters automation technologies, revealed that in December 2021, the robotics market of North America saw a significant growth, with a total of 29,000 units, amounting to $1.48 billion, ordered in Q3 2021, marking a striking 37% boost in units sold. Furthermore, the use of robotics in life sciences, pharmaceuticals, and biomedical fields experienced a noteworthy 36% growth in the initial nine months of 2021. Thus, the escalating adoption of robots in pharmaceutical manufacturing is anticipated to spur the expansion of automation in the biopharma industry market.
What Are the Significant Segments of the Automation In Biopharma Industry Market?
1) By Technology: Automation Technology, Digitization Technology
2) By Component: Automation Hardware, Automation Software, Services Project Phase, Services Operation Phase
3) By Application: Clinical Phase, Drug Discovery Phase, Production Phase
What Trends Are Influencing the Evolution of the Automation In Biopharma Industry Market?
Technological progress is a prominent trend gaining traction in the automation in biopharma industry market. Major enterprises in this market are concentrating on proposing advanced product technologies to solidify their market standing. For example, in September 2022, PerkinElmer Inc., a corporation based in the U.S that offers scientific solutions and technologies, introduced the Cellaca PLX Image Cytometry System. This innovative automated cell analysis solution was created to simplify cell and gene therapy research and production. The Cellaca PLX platform empowers researchers to assess crucial quality attributes of cell samples, such as identity, quantity, and quality, through an automated workflow. This integrated solution merges image cytometer equipment, software, validated consumables, and traceable data reporting, making calibration and training procedures more straightforward.
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Which Geographic Areas Are Influencing the Growth of the Automation In Biopharma Industry Market?
North America was the largest region in the automation in biopharma industry market in 2023. The regions covered in the automation in biopharma industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Automation In Biopharma Industry Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the automation in biopharma industry market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Automation In Biopharma Industry Market Include
1. Automation In Biopharma Industry Market Executive Summary
2. Automation In Biopharma Industry Market Segments
3. Automation In Biopharma Industry Market Size And Template Market Growth Rate
4. Key Automation In Biopharma Industry Market Trends
5. Major Automation In Biopharma Industry Market Drivers
……
25. Key Mergers And Acquisitions In The Automation In Biopharma Industry Market
26. Top Automation In Biopharma Industry Companies
27. Automation In Biopharma Industry Market Opportunities And Strategies
28. Automation In Biopharma Industry Market, Conclusions And Recommendations
29. Appendix
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