Bioprocess Bags Market Forecast 2024: Forecast Market Size, Drivers And Key Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
Introduction: A Booming Market
- Rapid growth from $2.76 billion in 2023 to $3.25 billion in 2024.
- Expected to reach $5.92 billion in 2028 at a CAGR of 16.2%.
Driving Forces Behind the Surge
- Biotechnology Firms’ Expansion
- Biotechnology companies lead new drug approvals.
- Investments in biotech and life sciences surged in 2021.
- Key players: Saint-Gobain Group, Thermo Fisher Scientific Inc., Merck KGaA, and more.
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- Product Innovations
Single-Use Technologies
- Single-use bags gaining popularity.
- Example: Single Use Support GmbH’s IRIS line for cryopreservation.
- Avantor’s acquisition of RIM Bio expands single-use capabilities.
Market Segmentation
- By Type:
- 2D Bioprocess Bags
- 3D Bioprocess Bags
- Other Bags and Accessories
- By Workflow:
- Upstream Process
- Downstream Process
- Process Development
- By Capacity:
- Small
- Medium
- Large
- Extra Large
- By Application:
- Buffer and Media Storage
- Cell Culture
- Cell Separation and Harvest
- Chromatography Feed and Collection
- Ultrafiltration and Diafiltration
- Intermediate and Final Product Hold
- Other Applications
- By End-User:
- Pharmaceutical Companies
- Biopharmaceutical Companies
- Biotechnology Labs
- Academic Labs
Regional Dynamics
- North America led the market in 2023.
- Asia-Pacific poised for fastest growth.
Conclusion: Riding the Wave
The bioprocess bags market is experiencing unprecedented growth, driven by the expansion of biotechnology firms and relentless product innovations. With an array of segmentation and a promising outlook across regions, the market is set to shape the future of biopharmaceutical manufacturing. As advancements continue and demand surges, players in this space must stay agile and responsive to emerging trends to capitalize on the abundant opportunities that lie ahead.
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