The global top 10 bioprocess technology market is expected to reach USD 71.03 Billion by 2021 from USD 39.30 Billion in 2016, at a CAGR of 12.4% from 2016 to 2021. Rapid growth in pharmaceutical and biotechnology industries, growth in the number of new drug launches, strong trend of R&D in life sciences research, increasing government support for pharmaceutical and biotechnology industries, and rising prevalence of chronic diseases are the key factors driving the growth of this market.
Target audience for this report:
# Academic Research Institutes
# Pharmaceutical Companies
# Biotechnology Companies
# Bioprocess Technology Manufacturing Companies
# Contract Research Organizations (CROs)
# Market Research & Consulting Firms
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The report provides an overall understanding of the global Top 10 Bioprocess Technologies Market. It segments the global market on the basis of type and region. On the basis of type, the market is segmented into cell culture, cell expansion, cell counting, cell line development, flow cytometry, single-use bioprocessing, biologics safety testing, virus filtration, tangential flow filtration, and pyrogen testing.
In 2016, the cell culture segment is expected to account for the largest share of the global top 10 bioprocess technology market. The largest share of this segment is primarily attributed to the repeated purchase of consumables as compared to equipment and increase in funding for cell-based research.
On the basis of region, the Top 10 Bioprocess Technologies Market is segmented into North America, Europe, Asia, and RoW. The report maps each bioprocess technology in these geographic and regional segments. In 2016, North America is expected to account for the largest share of the global top 10 bioprocess technology market.
Growth in this market can be attributed to the increase in demand of high quality biologics and rising spending on R&D by top players in this region. Similarly, Asia is estimated to grow at the highest CAGR during the forecast period. The wide applications of bioprocess technology in the biopharmaceutical and pharmaceutical industry are expected to drive the demand for top 10 bioprocess technology market in this region.
Top 10 bioprocess technology market is dominated by GE Healthcare (U.S.), Merck Millipore (Germany), Thermo Fisher Scientific, Inc. (U.S.), Becton, Dickinson and Company (U.S.), and Danaher Corporation (U.S.)
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Other prominent players in the Top 10 Bioprocess Technologies Market include Thermo Fisher Scientific, Inc. (U.S.), Becton, 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.).
An analysis of the market developments between 2014 and 2016 revealed that product launches and agreements & collaborations was the most important growth strategy adopted by market leaders.
The other important growth strategy adopted by players in Top 10 Bioprocess Technology Market was mergers & acquisitions, expansions, and product approvals. This strategy was adopted by market players to enhance their product portfolio and geographic presence. Danaher Corporation (U.S.), Lonza Group AG (Switzerland), Merck Millipore (Germany), and Thermo Fisher Scientific, Inc. (U.S.) are some of the companies that adopted this strategy.
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