Market revenue in 2023 | USD 24,120.3 million |
Market revenue in 2030 | USD 59,236.7 million |
Growth rate | 13.7% (CAGR from 2023 to 2030) |
Largest segment | Bioreactors/fermenters |
Fastest growing segment | Cell Culture Products |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Bioreactors/Fermenters, Cell Culture Products, Filters, Bioreactors Accessories, Bags & Containers |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to upstream bioprocessing market will help companies and investors design strategic landscapes.
bioreactors/fermenters was the largest segment with a revenue share of 31.18% in 2023. Horizon Databook has segmented the Global upstream bioprocessing market based on bioreactors/fermenters, cell culture products, filters, bioreactors accessories, bags & containers covering the revenue growth of each sub-segment from 2018 to 2030.
The upstream bioprocessing market is witnessing significant trends pertaining to single-use systems. Introduction of robust disposable bioreactors or fermenters by a substantial number of market vendors is expected to drive the market. Increase in usage of single-use systems for advancing commercial manufacturing of biopharmaceuticals, primarily by Contract Manufacturing Organizations (CMOs) due to ease of use and efficiency of single-use systems is anticipated to boost the market growth.
Advantages of implementing Single-use Technology (SUT) include reduced capital costs, increased scalability, higher productivity, low risk of contamination, improved mobility, and less time taken for facility construction, which lead to high adoption of single-use systems in upstream bioprocesses. These advantages lead to 60% more cost-savings than traditional stainless-steel bioprocessing equipment. Thus, propelling the market growth.
Horizon Databook provides a detailed overview of global-level data and insights on the Global upstream bioprocessing market , including forecasts for subscribers. This global databook contains high-level insights into Global upstream bioprocessing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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