Separation Systems For Commercial Biotechnology Market Size, Growth | CAGR Of 6.11%
shradha shinde
Brand Builder at Precedence Research | Towards Healthcare | Towards Packaging | Nova One Advisor
According to Nova One Advisor, the global separation systems for commercial biotechnology market size was valued at USD 25.85 billion in 2023 and is anticipated to reach around USD 46.78 billion by 2033, growing at a CAGR of 6.11% from 2024 to 2033.
Intensive research in the field of biotechnology to develop advanced products is expected to boost growth in the coming years. Moreover, contributions of leading industrial entities in this sector for accelerating commercial production is anticipated to drive the market.
Government bodies are providing funds to small & medium enterprises for the development of novel technologies. This is expected to enhance the efficiency of large-scale upstream bioprocessing systems used for separation & purification of biomolecules. Such instruments are extensively used for the production of food & cosmetics, agriculture, plastics, and chemicals.
Moreover, the popularity of technologically advanced single-use bioprocessing systems in various industries, such as agro-processing, chemical & plastics is contributing toward the growth of the upstream processing sector. Rising cases of chronic & severe metabolic & genetic disorders are ultimately increasing the demand for potential therapeutics. Rising demand for biopharmaceuticals is likely to result in lucrative growth.
Furthermore, changing healthcare reforms and public-private collaborations among industrial players, government, and research institutions are expected to improve the technological aspects of separation methods. Thus, in turn, is anticipated to significantly render the growth of commercial separation market over the forecast period.
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Separation Systems For Commercial Biotechnology Market Key Takeaways
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Regional Insights
North America separation systems for commercial biotechnology dominated the market in 2023 due to its well-established pharmaceutical and biotechnology industries, which drive high demand for advanced separation technologies. Significant investments in research and development, coupled with a robust regulatory framework, also contributed to this dominance. The region's strong focus on innovation and technological advancements further propelled growth in separation systems. Furthermore, the existence of major biopharmaceutical companies and some leading research institutions in North America supported the expansion of the market.
U.S. Separation Systems for Commercial Biotechnology Market Trends
The U.S. separation systems for commercial biotechnology market dominated North America with a share of 78.19% in 2023 due to substantial federal funding, initiatives taken by authorities, and private investments in biotech research and development. The country’s advanced healthcare infrastructure and presence of leading biotechnology companies also fueled market growth. Furthermore, a high demand for innovative biopharmaceuticals and personalized medicine drove the adoption of cutting-edge separation technologies. For instance, established under the Agriculture, Food, Conservation, and Trade Act of 1990, the U.S. Department of Agriculture (USDA) Biotechnology Risk Assessment Grants (BRAG) program supports research on the environmental impact of genetically engineered organisms (GE). This program assesses risks associated with introducing GE organisms into the environment, aiming to generate new information to make science-based decisions with the help of regulatory agencies.
Europe Separation Systems for Commercial Biotechnology Market Trends
Europe separation systems for the commercial biotechnology market grew high in 2023. This is due to robust investments in regional biopharmaceutical research and development. In addition, stringent regulatory standards for drug purity and quality are enhancing the adoption of advanced separation technologies. Furthermore, the increasing focus on personalized medicine and biotechnological innovations further propelled market growth in Europe. According to the Wallonia Export and Investment Agency, Belgium leads Europe in biopharmaceutical R&D investment, spending nearly 70% more than Denmark and Slovenia. In 2021, 578 clinical trials, a 20% increase from the previous year, were approved in Belgium, which ranked second in clinical trials per capita. In addition, Belgium ranks second for biopharmaceutical patent applications per capita, filing over one application daily and third for the share of biopharmaceutical patents in total applications.
The UK separation systems for the commercial biotechnology market are expected to grow higher in the coming years due to increased government support and funding for biotechnology research and development initiatives. The presence of world-class research institutions and strong collaborations between educational institutions and industry are also driving advancements in separation technologies. Furthermore, the rising demand for biopharmaceuticals and the focus on sustainable production processes are anticipated to propel market growth further.
Asia Pacific Separation Systems for Commercial Biotechnology Market Trends
Asia Pacific separation systems for the commercial biotechnology market are anticipated to grow significantly due to expanding biopharmaceutical manufacturing capabilities in countries such as China and India. In addition, healthcare expenditures are increasing, along with significant rises in investments in biotechnology infrastructure, which is driving the growth in this region. Furthermore, a growing focus on developing innovative biotechnological solutions and the presence of a large patient population are driving the adoption of advanced separation technologies in the region.
China separation systems for the commercial biotechnology market held a substantial share in 2023 due to its rapid expansion in biopharmaceutical manufacturing capabilities and biotechnology infrastructure. Government initiatives promoting innovation and biotech investment, alongside favorable regulatory policies, have stimulated market growth. In addition, collaborations between domestic and international biotech firms have increased the adoption of advanced separation technologies in China. For instance, from 2010 to 2020, China's biopharma sector surged, with market capitalization leaping from USD 1 billion to over USD 200 billion and startup funding doubling to USD 26.12 billion. During this period, 141 new biopharma companies emerged, outpacing the 79 formed in the previous decade. This contrasts sharply with declines in biotech companies across the US, EU, and Japan, highlighting China's rapid growth and investment in the industry.
Separation Systems For Commercial Biotechnology Market Top Key Companies:
The following are the leading companies in the separation systems for commercial biotechnology market. These companies collectively hold the largest market share and dictate industry trends.
Separation Systems For Commercial Biotechnology Market Recent Developments
Reasons to Purchase this Report
? Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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? Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
? Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
? Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
? The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
? Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
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