Digital Biomanufacturing Market to be dominated by Growing Technological Advancements through 2027
Rising automation process
and technological advancements to drive the digital biomanufacturing market in
the forecast period, 2023-2027.
According to TechSci Research
report, “Digital Biomanufacturing Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global digital
biomanufacturing market is anticipated to grow at a significant rate in the
forecast period, 2023-2027. The constant shift toward digitalization and
biomanufacturing in the healthcare industry and rising automation process in
various industries are the primary factors driving the demand for the global digital
biomanufacturing market. Growing technological advancements, innovative
breakthroughs in computational chemistry, rising emphasis on reduction in cost
and time, and rising investments on R&D activities are expected to
influence the market demand. Also, the growing strategic acquisitions and
collaboration between companies are a key factor for increasing the growth of the
market, globally.
However, the The lack of technology
adoption and awareness leading to low return-of-investments and lack of data
security in biomanufacturing settings may likely hamper the growth of the
global digital biomanufacturing market.
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data Figures spread through 110 Pages and an in-depth TOC on "Global
Digital Biomanufacturing Market"
The global
digital biomanufacturing market is segmented into technology, application, end
user, and company.
Based on
technology, the market is segmented into AI & IOMT solutions, process
analytical technologies, data analytics software, and others. The AI & IOMT
solutions segment are expected to witness the significant growth in the
upcoming years. This is because it integrates the physical and digital worlds
to augment diagnostic and treatment speed, accuracy as well as to track and
adjust patient behavior and health condition in real-time.
Based on
application, the market is segmented into biomanufacturing process automation
and control, bioprocess optimization and process
analytics, and flexible manufacturing. The biomanufacturing process
automation and control bioprocess optimization and process analytics sub-segment
is expected to hold the considerable market share. This is due to its ability to track, enhance, and manage bioprocesses.
Based on end
user, the market is divided into biotechnology & pharmaceutical companies,
academic & research institutions, and others. The pharmaceutical &
biotechnology companies segment is expected to witness largest market
share. This is attributed to the rising R&D expenditure by pharmaceutical
and biotechnology firms and the growing need to enhance productivity rates.
Major operating
companies operating in global digital biomanufacturing market are:
·
Agilent
Technologies, Inc.
·
Danaher
Corporation
·
Donaldson
Company, Inc.
·
SAP
SE
·
Honeywell
International Inc.
·
Emerson
Electric Company
·
Siemens
Healthineers AG
·
Atos
SE
·
GE
Healthcare
·
e-matica
srl.
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“North America region
dominates the market in 2021 and is expected to maintain its dominance in the
coming years due to its sophisticated healthcare system and substantial demand
for biologics. The increasing
number of company collaborations, rise in R&D investment by governments, advanced
knowledge of cutting-edge technology, and advancement in technology are propelling the market
growth. Also, growing government emphasis on supply chain collaboration,
automation, and robotics in the region are expected to propel the global digital
biomanufacturing market growth till 2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Digital Biomanufacturing
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027 Segmented By Technology (AI & IOMT Solutions, Process Analytical
Technologies, Data Analytics Software, Others), By Application
(Biomanufacturing Process Automation and Control, Bioprocess Optimization and
Process Analytics, Flexible Manufacturing), By End User (Biotechnology &
Pharmaceutical Companies, Academic & Research Institutions, Others), By
Company and By Region”, has evaluated the future
growth potential of global digital biomanufacturing market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global digital biomanufacturing market.
Contact
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