Bioprocess Analyzers Market Report 2024 - Bioprocess Analyzers Market Demand And Size By 2033

"The Business Research Company recently released a comprehensive report on the Global Bioprocess Analyzers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The bioprocess analyzers market size has grown rapidly in recent years. It will grow from $1.80 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to demand for personalized medicine, and increasing complexity of bioprocesses

The bioprocess analyzers market size is expected to see rapid growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rise of biosimilar and bio better products, expansion of bioprocessing industries, and increased investment in research and development. Major trends in the forecast period include expansion of real-time monitoring, integration of advanced sensors, and focus on automation and connectivity.

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Market Drivers and Trends:
The rise in demand for biopharmaceuticals is expected to propel the growth of the bioprocess analyzer market going forward. Biopharmaceuticals refers to pharmaceuticals made from biological sources, such as living things or their parts. The biopharmaceutical industry is on the rise due to creative research and development efforts that result in the creation of novel biologics and biosimilars. Bioprocess analyzers are used to monitor various parameters during the production of biopharmaceuticals, such as cell growth, protein expression, and product purity. For instance, in January 2024, according to IQVIA, a US-based provider of biopharmaceutical development services, the spending on global biotech is expected to exceed $892 billion by 2028. Furthermore, in April 2022, according to the National Library of Medicine, a US-based medical library, pharmaceutical spending in the United States increased by 7.7% in 2021 compared to the previous year, reaching a total of $576.9 billion. Therefore, the rise in demand for biopharmaceuticals is driving the growth of the bioprocess analyzer systems market.

The major companies operating in bioprocess analyzers are focusing on developing advanced solutions, such as optical in-line analyzers, to gain a competitive edge in the market. Optical in-line analyzers refer to instruments that utilize optical technology to provide real-time monitoring and analysis of critical parameters in bioprocessing applications. For instance, in September 2023, 908 Devices Inc., a US-based chemical and biochemical analysis company, launched MAVERICK, an advanced optical in-line analyzer that provides real-time monitoring and control of essential factors such as glucose, lactate, and total biomass in mammalian cell cultures. Biopharmaceutical experts can utilize the device's comprehensive process fingerprint data to fine-tune large-scale bioprocesses. Its user-friendly design simplifies tasks for scientists and engineers, accelerating the development of cell culture media and the creation of effective feeding and control plans. It uses Raman spectroscopy to measure various important process parameters in real time, including glucose, lactate, and biomass, in bioreactors. Maverick is intended to improve process comprehension, optimize performance, and ensure batch-to-batch reproducibility in cell culture automation for biologic production with the CHO (Chinese hamster ovary) or HEK293 (human embryonic kidney 293) mammalian cell lines and multiple medium types.

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Major Key Players of the Market:
Danaher Corporation, Merck KGaA, Becton Dickinson and Company, Thermo Fisher Scientific, MilliporeSigma, Sartorius AG, Beckman Coulter Inc., Waters Corporation, Bio-Rad Laboratories, Bruker Corporation, Agilent Technologies, GE Healthcare, Pall Corporation, Eppendorf AG, HORIBA Ltd., Promega Corporation, Nova Biomedical, Hamilton Company, Macherey-Nagel GmbH & Co. KG, BioTek Instruments, Zymo Research Corporation, Gilson Inc., Metrohm AG, Biochrom Ltd., PerkinElmer Inc.

Bioprocess Analyzers Market 2024 Key Insights:
• The bioprocess analyzers market size is expected to see rapid growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%.
• Impact Of Rising Demand For Biopharmaceuticals On The Bioprocess Analyzers Market
• Advancements In Real-Time Monitoring Platforms For Bioprocess Analyzers
• North America was the largest region in the bioprocess analyzers market in 2023

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