The global bioprocess containers & fluid transfer solutions market is expected to witness a market value of USD 4.81 billion in 2023 and is expected to accumulate a market value of USD 15.6 billion by registering a CAGR of 12.5% in the forecast period 2023 to 2033. The market for bioprocess containers & fluid transfer solutions registered a CAGR of 5.8% in the historical period 2018 to 2022.
Increased demands for sustainable, as well as affordable single-use bioprocess technologies in bioresearch, pharma & biotech, agro-biotechnology, and consumer health, and coating and composites, is a major factor that is expected to boost the market growth during the forecast period.
As per Future Market Insights - a market research and competitive intelligence provider, the global market value for Bioprocess Containers & Fluid Transfer Solutions has been escalated, owing to the factors such as the vast range of fluid transfer products available in the market, from basic tubing to complicated mixing solutions.
Factors such as growth in the pharmaceutical industry, continuous research for newer treatments, cell and gene therapy processing are expected to accelerate the growth of the bioprocess containers & fluid transfer solutions market during the forecast period.
Additionally, the rapid increase in the demand for single-use technologies, particularly in biomanufacturing, attributed to the factors such as improving operational efficiency, eliminating the need for sterilization, and reducing the manufacturing time for many drugs, escalates the market growth.
Also, sustainability, as well as lower risk of cross-contamination as well as affordability of single-use bioprocess containers, are expected to contribute to market growth in the forthcoming years. Furthermore, factors including increasing biopharmaceutical R&D activities, the use of data, digital technologies, and Artificial Intelligence, and technological advancement are projected to fuel the market growth in the near future.
On the regional end, the Bioprocess Containers & Fluid Transfer Solutions market in North America is expected to account for the maximum share during the analysis period, attributed to the factors such as well-established healthcare infrastructure as well as an upsurge in healthcare-related research and development.
Moreover, the regional market is anticipated to fuel over the analysis period, attributed to increasing need for aseptic transfer of materials and pharmaceuticals under sterile conditions. In addition, many business and government organizations in the region have boosted their investment in clinical research in the medical industry in recent years.
On the other hand, the Asia Pacific Bioprocess Containers & Fluid Transfer Solutions market is expected to hold a significant growth rate over the forecast period, owing to factors such as prevalence of severe fuel economy requirements and regulations, and an increase in supply of raw resources.
Recent developments in the technology, mergers and acquisitions, and partnerships within the companies involved in the development of Bioprocess Containers & Fluid Transfer Solutions are expected to create lucrative opportunities for the market growth over the analysis period.
For instance, Avantor, in September 2021, acquired Masterflex, a company that makes aseptic single-use fluid transfer technology and other products used in production of cell and gene therapies, monoclonal antibodies, and mRNA vaccines.
Subsequently, Thermo Fisher, in September 2021, announced plans to invest billions between 2020 and 2022 to boost its bioproduction capacity in September. In order to ease considerable capacity restrictions, extra capital investment will be directed toward cell culture, single-use technologies, and purification.
Further, Merck, in May 2017, opened its first joint Bioprocess Scale-Up laboratory in Bengaluru, India with Stelis Biopharma, in order to provide end-to-end solutions for pre-clinical, clinical, as well as commercial supply indicating huge growth for the market in the Asia Pacific.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 4.81 billion |
| Anticipated Market Value in 2033 | USD 15.6 billion |
| Growth Rate (2023 to 2033) | CAGR of 12.5% |
The market has been growing at a rapid rate and is expected to witness lucrative growth. The drivers behind this market include increasing demand for biologics, Vaccine production. Biologics are being used for the treatment of diseases like diabetes, cancer and other chronic diseases.
Continuous development and investment by biopharmaceutical companies for the introduction of advanced products are anticipated to drive the market's growth in the forecast period. Production of the vaccine without any contamination is very crucial and single-use bioreactors reduce the risk of cross-contamination. This acts as a driver for the market.
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There are various factors that help drive the bioprocess containers & fluid transfer solutions market. Over the years the research and development sector has seen tremendous growth and is expected to grow during 2021 to 2031. With this, the demand for single-use bioprocess containers for storage and transport of sterile media has also increased.
This automatically increases the demand for bioprocess containers & fluid transfer solutions in the market. The increase in the demand for single-use containers for bioproduction and transportation in a sterile environment also acts as a driver for the market.
The launch of advanced products and rising investment for experimentation by market players are anticipated to boost the demand for these products, especially in emerging countries. This is leading to market growth.
North America, majorly the United States and Canada dominated the bioprocess containers & fluid transfer solutions market. USA bioprocess containers & fluid transfer solutions market will forecast significant growth due to rising demand for vaccine production and the presence of various major companies in the country.
Also, an increase in the prevalence of people suffering from various diseases is anticipated to have a positive impact on the market growth. In addition, the rise in initiatives undertaken by governments and authorities to develop healthcare systems and spread awareness regarding the advantages of vaccines and different biologics are furthermore projected to drive the growth of the market.
Europe is the second-biggest market for bioprocess containers and is anticipated to register significant growth. This is due to presence of major manufactures in countries like Germany and UK also the investments made by the government for R&D is seeing a rise over the years and hence the rise in the adoption of innovative products in such countries.
The rising prevalence of COVID is anticipated to drive market growth over the forecast period. For example, as per the report by European Commission, the European Union is expected to reach an annual production capacity of more than 3 billion doses by the end of 2021. These factors add to the market growth over the forecast period.
Some of the leading manufacturers and suppliers of bioprocess containers & fluid transfer solutions include
The bioprocess containers & fluid transfer solutions market has many large-scale players available in worldwide markets, and various small-scale participants in specific regional markets. Furthermore, a strong focus on the strategic growth of their product portfolio through partnerships & acquisitions is anticipated to provide a strong foothold to the players in the market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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| Estimated Size, 2024 | USD 19,203.4 million |
|---|---|
| Projected Size, 2034 | USD 30,398.0 million |
| Value-based CAGR (2024 to 2034) | 5.5% |
| Market Size 2023 | USD 439.2 million |
|---|---|
| Market Size 2033 | USD 840.1 million |
| Value CAGR (2023 to 2033) | 6.7% |
| Market Size (2023) | USD 25.9 Billion |
|---|---|
| Market Market Size (2033) | USD 106.1 Billion |
| Value CAGR (2023 to 2033) | 15.1% |
| Global Market Estimated Size (2022E) | USD 451.2 Million |
|---|---|
| Projected Market Valuation (2032F) | USD 937.5 Million |
| Value-based CAGR (2022 to 2032) | 7.6% |
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Bioprocess Containers & Fluid Transfer Solutions Market
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