5 Key Insights On The Upstream Bioprocessing Market 2024
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
As per The Business Research Company’s Upstream Bioprocessing Global Market Report 2024, the upstream bioprocessing market is expected to show significant growth in the forecast period.
The upstream bioprocessing market has experienced impressive growth in recent years and is poised for further expansion. This blog explores the factors driving this growth, the impact of outsourcing, advancements in technology, and the future outlook of the industry.
Market Growth Overview
- Current and Projected Market Size
- The market size surged from $10.63 billion in 2023 to $12.03 billion in 2024.
- The compound annual growth rate (CAGR) for this period is 13.1%.
- Projected growth will see the market reach $19.84 billion by 2028 with a CAGR of 13.3%.
- Historical Growth Drivers
- Increased need for process optimization and contamination-free production.
- Rising demand for bio-therapeutics and biosimilars.
- Growing prevalence of chronic diseases and implementation of process analytical technology.
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Outsourcing: A Key Growth Catalyst
- Impact on Market Expansion
- Outsourcing biopharmaceutical manufacturing to contract organizations is accelerating growth.
- Benefits include cost efficiency, access to specialized expertise, and flexibility in production.
- Industry Statistics
- By 2025, contract development and manufacturing organizations (CDMOs) are expected to control 44% of global mammalian capacity.
Advanced Bioreactors: Enhancing Efficiency and Scalability
- Technological Advancements
- Companies are focusing on developing advanced bioreactors to improve cell culture processes.
- Notable example: Cytiva’s X-platform bioreactors introduced in April 2023, designed for flexible, single-use upstream bioprocessing.
- Features and Benefits
- Modular design with user-friendly features such as optimized vessels and improved cable management.
- Online Bioreactor Scaler tool for successful scale-up.
Licensing and Innovation
- Lonza and Adva Biotechnology Partnership
- In May 2022, Lonza granted Adva Biotechnology a license for smart automation and bioreactor patents.
- This agreement supports Adva’s global expansion in automated bioreactors.
- Strategic Importance
- The partnership highlights the trend towards innovative upstream bioprocessing technologies.
Market Segmentation
- By Product Type
- Bioreactors, fermenters, cell culture media, filters, bags, and containers.
- By Workflow
- Media preparation, cell culture, cell separation.
- By Usage Type
- Single-use and multi-use.
- By Mode
- In-house and outsourced.
- By End User
- CDMOs, research and academic institutes, and biopharmaceutical companies.
Regional Insights
- Current Trends
- North America was the largest region in 2023.
- Future Projections
- Asia-Pacific is anticipated to be the fastest-growing region in the forecast period.
The upstream bioprocessing market is evolving rapidly, driven by technological advancements, increased outsourcing, and strategic partnerships. As the industry continues to grow, these trends and innovations will play a critical role in shaping its future trajectory.
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