LONDON, Feb. 15, 2017 /PRNewswire/ -- 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.
On the basis of type, the market is segmented into cell culture, cell expansion, cell counting, flow cytometry, single-use bioprocessing, cell line development, virus filtration, biologics safety testing, pyrogen testing, and tangential flow filtration. In 2016, the cell culture segment is expected to account for the largest share of the global top 10 bioprocess technology market.
On the basis of region, the market is segmented into North America, Europe, Asia, and RoW. In 2016, North America is expected to account for the largest share of the global top 10 bioprocess technology market. This growth can be attributed to the increased R&D spending by pharmaceutical and biotechnology companies in this region.
The growth of this market is mainly driven by 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 high prevalence and large economic burden of chronic diseases.
This report studies the top 10 bioprocess technology market based on type and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends, future prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.
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The report will enable both established firms and new entrants to gauge the pulse of the market and to help them make important strategic growth decisions.
The report provides insights on the following:
- Product Development/Innovation: Product portfolios of the top players in the top 10 bioprocess technology market. Detailed insights on upcoming technologies, research and development activities, and new product launches in the insights on upcoming technologies market
- Competitive Assessment: In-depth assessment of market shares, strategies, geographic and business segments, and product portfolios of the leading players in the top 10 bioprocess technology market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for various top 10 bioprocess technology across geographies
- Market Diversification: Exhaustive information about new products, recent developments, and investments in the top 10 bioprocess technology market
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