Canada Upstream Bioprocessing Market Size & Outlook
Canada upstream bioprocessing market, 2018-2030 (US$M)
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Canada upstream bioprocessing market highlights
- The Canada upstream bioprocessing market generated a revenue of USD 736.1 million in 2023 and is expected to reach USD 1,887.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.4% 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.
Upstream bioprocessing market data book summary
| Market revenue in 2023 | USD 736.1 million |
| Market revenue in 2030 | USD 1,887.2 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Bioreactors/fermenters |
| Fastest growing segment | Cell Culture Products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 3.1% of the global upstream bioprocessing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. upstream bioprocessing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,887.2 million by 2030.
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Upstream Bioprocessing Market Scope
Upstream Bioprocessing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 31.23% in 2023. Horizon Databook has segmented the Canada 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 presence of an effective regulatory framework for authorizing the sales of biosimilars and biologics is anticipated to positively influence the use of upstream bioprocessing in the coming decade. Health Canada is involved in introducing guidelines to help biomanufacturers comply with regulations and laws governing the approval of biopharmaceutical sales in Canada.
These ongoing initiatives are anticipated to accelerate the effective use of commercially available upstream bioprocessing products. Furthermore, companies are undertaking partnership and collaboration initiatives to expand their customer base in Canada.
For instance, in July 2023, High Purity New England (HPNE), a biopharma industry player supplying & delivering custom solutions and equipment, announced its partnership with Canada Clean Room (CCR) to distribute HPNE products in Canada.
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Target buyers of Canada 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 country-level data and insights on the Canada upstream bioprocessing market , including forecasts for subscribers. This country databook contains high-level insights into Canada upstream bioprocessing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada upstream bioprocessing market size, by product, 2018-2030 (US$M)
Canada Upstream Bioprocessing Market Outlook Share, 2023 & 2030 (US$M)
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