Press release
Next-Generation Biomanufacturing Market - Know the Untapped Revenue Growth Opportunities
Biomanufacturing and Downstream Biomanufacturing), End-Users (Biopharmaceutical Companies, CMOs (Contract manufacturing organizations)/CDMOs (Contract Development and Manufacturing Organization) and Research Institutions), Trends, Industry Competition Analysis, Revenue and Forecast To 2024-2030."
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Insight Analytics estimated the global market for next-generation biomanufacturing to be worth US$ 19.85 billion in 2021. With a CAGR of 9.3% from 2022 to 2030, it is anticipated to reach US$ 43.16 billion by 2030. The next-generation biomanufacturing market, which uses biomanufacturing as the primary method for studying and creating biological-based items, is shown in the explosive rise of the biopharmaceutical business. Advanced technologies like augmented reality, machine learning, and artificial intelligence are used in next-generation biomanufacturing processes.
When these technologies are used compared to the first-generation method, the results are flawless, efficient, and of superior quality. The industry is anticipated to grow significantly due to several factors, including the availability of well-established healthcare infrastructures, the development of more efficient next-generation bioprocessing units, the growing influence of the government, the high prevalence of chronic and genetic diseases, the ageing population, and the availability of cutting-edge medical technologies. The development of drugs and materials requires complex procedures and sophisticated equipment.
To overcome these obstacles, biopharmaceutical companies employ cutting-edge biomanufacturing techniques to improve production quality and efficiency. As a result, it is projected that the production of next-generation biomanufacturing products will increase in the following years. Conversely, during the projected term, market adoption may be constrained by elements, including the need for more individuals to possess the required skills and the intricacy of the processes. Because of its robust infrastructure for biological research, well-represented major biopharmaceutical enterprises, and increased usage of novel technologies, North America is expected to contribute to the Next-Generation Biomanufacturing market over time.
In addition, the growing use of modern technologies and rising patient and consumer populations in countries like China and India will likely drive considerable growth in the Europe Next-Generation Biomanufacturing market during the forecast year. Applikon Biotechnology BV (Netherlands), bbi-biotech GmbH (Germany), Danaher Corporation (US), Meissner Filtration Products, Inc. (US), Merck KGaA (Germany), PBS Biotech, Inc. (US), Pierre Guérin (France), Sartorius AG (Germany), Shanghai Bailun Biotechnology Co. Ltd. (China), Solaris Biotechnology Srl. (Italy), Thermo Fisher Scientific Inc. (US), ZETA GmbH (Austria), and others are significant market players in Next-Generation Biomanufacturing.
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Recent collaborations and agreements in the market:
In August 2021, PBS Biotech (US) raised its most significant round of funding from BroadOak Capital Partners to develop its product offerings and capabilities. The funds will be utilized to increase PBS's product offerings and capabilities and address the demand for cell therapies.
In February 2021, Merck (Germany) collaborated with Alteogen, Inc. (South Korea), which provides late-stage CDMO services via Merck's BioReliance end-to-end solutions. Alteogen chose Merck to develop and manufacture recombinant biologics for developing and clinical testing next-generation monoclonal antibody medicines.
Market Segments
Global Next-Generation Biomanufacturing Market, by Medical Applications, 2022-2030 (Value US$ Mn)
• Monoclonal Antibodies
• Hormones
• Vaccines
• Recombinant Proteins
• Other Applications
Global Next-Generation Biomanufacturing Market, by Products, 2022-2030 (Value US$ Mn)
• Continuous Upstream Biomanufacturing Products
• Single-Use Upstream Biomanufacturing Products
• Downstream Biomanufacturing Products
Global Next-Generation Biomanufacturing Market, by Workflow, 2022-2030 (Value US$ Mn)
• Upstream Biomanufacturing
• Downstream Biomanufacturing
Global Next-Generation Biomanufacturing Market, by End-Users, 2022-2030 (Value US$ Mn)
• Biopharmaceutical Companies
• CMOs (Contract manufacturing organizations)/CDMOs (Contract Development and Manufacturing organizations)
• Research Institutions
Global Next-Generation Biomanufacturing Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Next-Generation Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Next-Generation Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Next-Generation Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Next-Generation Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Next-Generation Biomanufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Next-Generation Biomanufacturing market
To receive an industry overview and future trends in the Next-Generation Biomanufacturing market
To analyze the Next-Generation Biomanufacturing market drivers and challenges
To get information on the Next-Generation Biomanufacturing market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Next-Generation Biomanufacturing market industry
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