Biopharmaceutical Equipment Market Scope
Biopharmaceuticals, also known as bio-pharma, are the intersection of biotechnology and pharmaceutical production. The use of living organisms or extractions, by-products, or elements of living organisms to prevent, relieve, or treat diseases is known as bio-pharma. The process by which drugs are developed is the primary distinction between biopharmaceuticals and conventional pharmaceuticals. Over the last few decades, the biopharmaceutical industry (which includes small molecule medications, biologics, and vaccines) and the medical equipment industry (which includes implantable medical instruments, diagnostic imaging, and other diagnostics) have been significant contributors to both increasing healthcare expenditure and increased quality and quantity of life. As the therapeutic significance and economic value of biological products become better known, new problems arise due to the various technical shortcomings involved with the production and distribution of these complex agents, thereby deriving demand for Biopharmaceutical Equipment.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Biopharmaceutical Equipment market throughout the predicted period.
3M Company (United States), Merck Group (Germany), GE Healthcare (United States), Danaher Corporation (United States), Sartorius AG (Germany), Thermo Fisher Scientific Inc. (United States), Agilent Technologies, Inc. (United States), Bio-Rad Laboratories, Inc. (United States), Eppendorf AG (Germany) and Repligen Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Philips Healthcare (Netherlands), Abbott Laboratories (United States), Roche Holding AG (Switzerland) and Sodexo (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Biopharmaceutical Equipment market by Type (Filtration Systems, Bioreactors, Extractors, Chromatography, Cell Culture, Bioprocessing Containers, Sterilizers and Others), by Application (Bioproduction and Medical Research) and Region with country level break-up.
On the basis of geography, the market of Biopharmaceutical Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 7th September, 2018 - Thermo Fisher Acquired BD’s (Becton, Dickinson and Company) Advanced Bioprocessing Business, This Acquisition Will Add Cell Culture Media Formulations Will Improve Thermo Fisher’s Existing Biomanufacturing Capabilities. and On 6th January, 2021 - Sartorius Stedim Biotech Announced Its Plans to Acquire Novasep's Chromatography Process Equipment Division Which Consists of Resin-Based Batch and Amplified Chromatography Systems, With an Emphasis on High-Pressure, Multi-Use Applications for Smaller Molecules Including Oligonucleotides, Insulin, And Peptides.
On 5th December, 2020 – Sodexo (French Biopharma Equipment Manufacturer) Launched First Bio-Medical Equipment Mobile Application for the Indian Region. Under the App Small to Medium Hospital Clinics, Diagnostic Centers, And Laboratories Can Avail Immediate Access to Quality Medical Equipment Repair Programs.
United States, FDA “Current Good Manufacturing Practice (CGMP) Regulations” – Provides Framework to Ensure Goods Are Continuously Manufactured and Regulated in Compliance with Quality Requirements. It's Intended to Reduce Any Dangers Associated with Pharmaceutical Manufacturing. Any New Entrant or Producer is Required to have a Regulatory Approval from FDA Regarding the Sale and Manufacturing of the Equipment Across the US.
Market Trend
- Technical Progress in Medical Industry
- Heavy Investments in Research & Development
Market Drivers
- Emergence of Advance and Effective Techniques
- Surge in Demand for Bio Products
Opportunities
- Growth in Healthcare infrastructure Due to Pandemic
- Low Penetration in Emerging Region Particularly Asia
Restraints
- Highly Priced Surgical Equipment
Challenges
- Fierce Competitive Pressure
Key Target Audience
Biopharmaceutical Equipment Manufactures, New Entrants and Investors, Biopharmaceutical Equipment Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others