The Global Bio-Process Technology Market has been witnessing rapid growth since many years and expected to show the similar growth in coming years.
The major factors responsible for this are; increasing awareness of bio-banks, and growth in production of vaccines. In addition to this, wide acceptance of bio-process technology by pharmaceutical companies, industrial chemical manufacturers, hospitals, and research institutes are further boosting the growth of bio-process technology market globally. Bioprocessing techniques are also used in bio-banking that is for preserving cell culture and to increase its shelf life under extremely low temperature known as cryopreservation.
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There were more than 10 bio-process technologies being developed or are commercially available in the market in the form of kits or whole apparatus required, developed by more than 20 small and large companies. The major techniques includes cell expansion, cell line development, flow cytometry, cell counting, cell culture, virus infiltration, single use bioprocessing, biologics safety testing, tangential flow filteration and progen testing. Cell culture, cell expansion and flow cytometry are the most expensive process of bio-processing techniques and involved large bioreactors and heavy containers and also, are widely used technique worldwide for fermentation or vaccine production. These methods are very critical and involved high protection and control to minimize the high risk of contamination of cells or bacteria and takes place in highly controlled and sterilized and computerized environment. There are more than 40 medicines or vaccines being developed recently using these bioprocess technologies.
The global bio-process technology market has been valued at 29 billion in 2015 and is expected to increase to 71 billion by the end of forecasted period.
Key Players for Global Bio process Technology Market
The the major key players of this market are:
- Merck Millipore (Germany),
- Thermo Fisher Scientific, Inc. (U.S.),
- Dickinson and Company (U.S.),
- Danaher Corporation (U.S.),
- Lonza Group AG (Switzerland),
- Sartorius Stedim Biotech S.A (France),
- Corning, Inc.(U.S.),
- Bio-Rad Laboratories (U.S.), and
- Charles River Laboratories (U.S.), and others.
Segments for Global Bio process Technology Market
The global bio-process technology market is majorly segmented on the basis of type, application and end users. Based on the type, the market is segmented into cell culture, cell expansion, flow cytometry, cell line development and virus infiltration. Further on the basis of application the market is classified into biopharmaceuticals, specialty products and industrial chemicals and environment management aid. Similarly, on the basis of end users the market is again classified into hospitals, research labs and centers, medical institutions and others. Cell culture and flow cytometry are the most used process worldwide and contributes the largest market share together of the total bio-process technology.
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