The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Next-Generation Biomanufacturing Market. The rising demand for the Next-Generation Biomanufacturing Market is expected to drive the demand for Next-Generation Biomanufacturing , thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The global next-generation biomanufacturing market is expected to reach a market size of USD 39.18 Billion by 2028, according to a recent analysis by Emergen Research. Next-generation biomanufacturing process makes it possible to meet increasing demand for biological medicine used in the treatment of critical diseases such as liver and kidney disorders, cancer and diabetes. In addition, growing adoption of single-use products such as single-use bio-reactors, bio containers and increasing financial support from private investors and governments for development of next-generation biomanufacturing units are among some major factors driving growth of the global next-generation biomanufacturing market, and the trend is expected to continue over the forecast period.
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Key Points of Next-Generation Biomanufacturing Market:
- Extensive coverage of the analysis of the Next-Generation Biomanufacturing market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Next-Generation Biomanufacturing market
- Complete data about the key manufacturers and vendors in the Next-Generation Biomanufacturing market
Key Findings in the Report:
- In July 2018, Amgen opened a new next-generation biomanufacturing plant located in West Greenwich, R.I. campus. The company invested approximately USD 200 Million in this new facility.
- In April 2020, Akron Biotech acquired Cambryn in Sarasota, Florida, from Cambryn Biologics. The facility is a biomanufacturing plant equipped with state-of-the-art equipment.
- Biopharmaceutical Companies accounted for a 39% revenue share in the global market. This can be attributed to rapid technological advancements and increasing investor and governments funding.
- North America accounted for the largest market share of a 30.2% in 2020. Key factors such as growing focus of biological research and increased financial support from investors and international organizations.
Key players operating in the market are Merck KGaA, Thermo Fisher Scientific Inc., Eppendorf AG, Danaher Corporation, GEA Group Aktiengesellschaft, Sartorius AG, bbi-biotech GmbH, Solaris Biotechnology Srl, Esco Group of Companies, Pierre Guérin, and PBS Biotech, Inc.
For the purpose of this report, Emergen Research has segmented the next-generation biomanufacturing market based on type, application, end-use, and region as follows:
Type Outlook (Revenue: USD Billion; 2020–-2028)
- Continuous Upstream Biomanufacturing
- Single-Use Upstream Biomanufacturing
- Downstream Biomanufacturing
Application Outlook (Revenue: USD Billion; 2020–-2028)
- Monoclonal Antibodies
- Hormones
- Vaccines
- Recombinant Proteins
- Others
End-Use Outlook (Revenue: USD Billion; 2020–-2028)
- Biopharmaceutical Companies
- Research Institutions
- CMOs/CDMOs
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