Market Overview

Global $22.34 Billion Biopharmaceutical Processing Equipment & Consumables Market to 2023 - ResearchAndMarkets.com

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The "Biopharmaceutical
Processing Equipment And Consumables Market By Product (Filtration,
Chromatography, Columns, Bioreactor, Cell Culture, Service), Application
(Commercial, Research) & End User - Global Forecast To 2023"

report has been added to ResearchAndMarkets.com's
offering.

Biopharmaceutical processing equipment and consumables market is slated
to exhibit a lucrative growth rate. Global Biopharmaceutical Processing
Equipment and Consumables market is expected to reach USD 22,340 million
by 2023, at a CAGR of 14.8% in the forecast period from 2018 to 2023.

Growing demand for biopharmaceuticals, capacity expansion from
biopharmaceutical manufacturers, rising adoption of single-use
bioprocessing products, and increase in funding from governments for
biopharmaceutical research are majorly driving the global
biopharmaceutical processing equipment and consumables market.

However, factors such as complex and lengthy development and
manufacturing process of biopharmaceuticals, and a decline in funding
for early-stage biopharmaceutical start-ups may hinder the market growth.

The report identifies North America being the largest market followed by
Europe, Asia Pacific, and Rest of World. The geographical analysis
section also comments on the key market players shaping the growth of
the industry in the respective countries.

In addition, the report further gives an extensive outlook on various
industry/facilities served by the biopharmaceutical processing equipment
and consumables. These industries include pharmaceuticals and
biotechnology industry, academic and research institutes, and contract
development and manufacturing organizations (CDMOs). Apart from
end-users, the report provides insights on adoption of biopharmaceutical
processing equipment and consumables in various application segments of
the market.

The report also includes the competitive landscape based on extensive
assessment of the key strategic developments adopted by leading market
participants in the industry over the past 4 years (2015-2018).

The market players employed various strategies to expand their product
offerings, global footprint, and augment their market share. The key
strategies followed by most companies in the global biopharmaceutical
equipment and consumables market include agreements, partnerships, &
collaborations; new product launches; mergers & acquisitions; and
expansion.

Market Dynamics

Drivers

  • Growing Demand for Biopharmaceuticals
  • Rising Adoption of Single-Use Bioprocessing Equipment and Consumables
  • Capacity Expansions from Biopharmaceutical Manufacturers
  • Increase in the Support from Governments for Biopharmaceutical Research

Restraints

  • Complex Development and Manufacturing Process of Biopharmaceuticals
  • Obstacles in Raising Funding for Early-Stage Biopharmaceutical
    Start-Ups

Opportunities

  • Significant Opportunities from Emerging Asia-Pacific and Latin
    American Market
  • Expected Surge in Biosimilar Production in the U.S.
  • Personalized Medicine to Offer New Growth Avenues

Challenges

  • Intensive Capital Requirements in Biopharmaceutical Production
  • Concerns Regarding Stem Cell Research

Trends

  • Rising Focus on Continuous Bioprocessing
  • Use of Disposable Processing Equipment for Commercial Production

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights

5. Biopharmaceutical Processing Equipment and Consumables Market, by
Product Type

6. Biopharmaceutical Processing Equipment and Consumables Market, by
Application

7. Biopharmaceutical Processing Equipment and Consumables Market, by
End-User

8. Global Biopharmaceutical Processing Equipment and Consumables Market,
by Geography

9. Competitive Landscape

10. Company Profiles

  • GE Healthcare (A Subsidiary of General Electric Company)
  • Merck Group
  • Thermo Fisher Scientific Inc.
  • Bio-Rad Laboratories, Inc.
  • 3M Company
  • Danaher Corporation
  • Agilent Technologies, Inc.
  • Repligen Corporation
  • Sartorius AG
  • Eppendorf AG

For more information about this report visit https://www.researchandmarkets.com/research/drv7l6/global_22_34?w=4

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