TMR’s report on the global bioprocess technology market studies past as well as current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global bioprocess technology market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global bioprocess technology market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ Acuity Level literature, annual reports, press releases, and relevant documents to understand the global bioprocess technology market.
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Global Bioprocess Technology Market Witness Most Promising Rise in Demand:
According to Transparency Market Research’s latest report on the global bioprocess technology market for the historical period 2017–2018 and forecast period 2019–2027. The global bioprocess technology market is driven by increase in prevalence of chronic pain, and rise in demand for home monitoring.
According to the report, the global bioprocess technology market was valued at US$ 21.9 Bn in 2018 and is anticipated to expand at a CAGR of 7.9% from 2019 to 2027
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The global biopharma sector continued its positive momentum in 2017 as well. According to a study published in Bioprocess International in 2012, the bio-pharmaceutcal industry was valued at US$ 140 Bn in 2012. The same market reached to US$ 200 Bn in 2016, according to another study performed by Bioplan Associates, Inc. in 2016. Sustained patient demand for innovative drugs will continue to play a key role in the growth of the biopharma sector.
Biopharmaceutical manufacturers will be hard-pressed to increase their production capacity and reduce turnaround time to bring drugs to the market. The onus will be on bioprocess equipment manufacturers to offer innovative, safe, and high-efficient solutions to meet the increase in demand from biopharmaceutical companies.
Key Players of Bioprocess Technology Market Report:
This report profiles major players in the global Bioprocess Technology market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
Key players operating in the global Bioprocess Technology market include: Bioprocess Technology Market are: Thermo Fisher Scientific, Inc, Sartorius AG, F. Hoffmann-La Roche AG, GENERAL ELECTRIC, Danaher Corporation, Nova Biomedical, Advanced Instruments, Inc, Siemens Healthneers, Becton, Dickinson and Company, Lonza
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