Asia Pacific Upstream Bioprocessing Market Size & Outlook
Asia Pacific upstream bioprocessing market, 2018-2030 (US$M)
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Asia Pacific upstream bioprocessing market highlights
- The Asia Pacific upstream bioprocessing market generated a revenue of USD 6,190.0 million in 2023.
- The market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
- In terms of segment, bioreactors/fermenters was the largest revenue generating product in 2023.
- Cell Culture Products is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 6,190.0 million |
| Market revenue in 2030 | USD 18,040.5 million |
| Growth rate | 16.5% (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 |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Corning Inc, Sartorius AG, Eppendorf, Danaher Corp, Boehringer Ingelheim, Getinge AB Class B, Lonza Group Ltd, Avantor Inc, Repligen Corp, Entegris Inc, PBS Biotech, Meissner, Kuhner Shaker |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.7% of the global upstream bioprocessing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,040.5 million by 2030.
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Upstream Bioprocessing Market Scope
Upstream Bioprocessing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific upstream bioprocessing market outlook
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 31.04% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is a geographically diverse region with developed and developing economies. Comparatively lower cost of drug manufacturing and development is a key factor that attracts European and North American bioprocessing companies to invest in this region’s market. In addition, affordable labor costs, increasing focus on skilled professionals, and a large patient pool are some of the other factors contributing to the region’s fastest growth rate.
In addition to China, which is the top revenue-generating country in the region, developed economies such as New Zealand and Australia offer significant profitable opportunities for market expansion. Clinical trials conducted in Australia are subjected to strict laws and ethical regulations. However, companies can enter into initial clinical trials rapidly.
Major market players are thus rapidly expanding their businesses by establishing facilities across the Asia Pacific. For instance, Sartorius AG (a European company) currently has facilities in Australia, India, Japan, Malaysia, Singapore, and South Korea, as well as three in China.
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Target buyers of Asia Pacific upstream bioprocessing market databook
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Our clientele includes a mix of upstream bioprocessing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific upstream bioprocessing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific upstream bioprocessing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific upstream bioprocessing market size, by country, 2018-2030 (US$M)
Asia Pacific Upstream Bioprocessing Market Outlook Share, 2023 & 2030 (US$M)
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