Skip to main content

Digital Biomanufacturing Market Huge Opportunities And Rising Exponentially At A Rate Of 13.12% During 2022-2031



 The global digital biomanufacturing market is a huge market comprised of various software and platforms that include process analytical technologies, data analytics software, ai and IoMT solutions, predictive analytics and digital twin technologies, and others. If application is involved, we have bioprocess optimization and process analytics, biomanufacturing process automation and control, and flexible manufacturing.

The innovations of digital technologies have introduced various levels of shifts in manufacturing sectors. The digitalization waves have supported a wide range of applications, from upstream supply chain management to post-manufacturing product tracing and tracking.The global digital biomanufacturing market will be witnessing growth due to the inclusion of new technology trends. Any new market players that enter the market will have to have these technologies to compete in the market and to make a place and gain a strong hold.

The global  digital biomanufacturing market  report highlights that the market was valued at $15,768.9 million in 2021 and is expected to reach $55,564.9 million by the end of 2031. The market is expected to grow at a CAGR of 13.12% during the forecast period from 2022 to 2031 .

Global Digital Biomanufacturing Market, $Million, 2020, 2021, and 2031

Digital Biomanufacturing Market

Source: Expert Interviews and BIS Research Analysis

Market Segmentation

Global Digital Biomanufacturing Market (by Technology)

The global Digital Biomanufacturing market has been segmented based on the technology type into eight different segments, namely, process analytical technologies, data analytics software, AI and IoMT solutions, predictive analytics and digital twin technologies, and others.

Global Digital Biomanufacturing Market (by End-User)

The global Digital Biomanufacturing market has been segmented based on the end-users into two major segments, namely, biopharmaceutical companies and academic and research institutes.

biopharmaceutical companies account for the major share in the global digital biomanufacturing market.

Global Digital Biomanufacturing Market (by Application)

The global digital biomanufacturing market has been segmented based on product type into two major segments, namely, bioprocess optimization and process analytics, biomanufacturing process automation and control, and flexible manufacturing.

Global Digital Biomanufacturing Market (by Region)

The different regions covered under the global digital biomanufacturing market include North America, Europe, Asia-Pacific and Rest-of-the-World.

North America and Europe are two of the largest markets for digital biomanufacturing market while developing countries are expected to register strong growth in their adoption shortly.

 

Impact of COVID-19 on the Global Digital Biomanufacturing Market

The COVID-19 pandemic had thrusted the global Digital Biomanufacturing market. The impact of the global pandemic Digital Biomanufacturing market has brought in a positive impact to the market. One of the major impacts of COVID-19 on the global digital biomanufacturing was understanding the importance of automation and innovation of new technologies.

Digital Biomanufacturing Market Dynamics

Market Growth Drivers

• Rising Automation Process in Various Industries

• Rising Focus on Process Efficiency and Flexibility in Manufacturing

• Shift Toward Digitalization and Biomanufacturing in the Healthcare Industry

Market Challenges

• Lack of Technology Adoption and Awareness Leading to Low Return-of-Investments

• Lack of Data Security in Biomanufacturing Settings

Market Opportunities

• Increased Demand for Biologics


Key Market Players and Competition Synopsis

Some of the key players operating in the market include Atos SE, Agilent Technologies Inc., Danaher Corporation, Donaldson Company, Inc., Emerson Electric Co., General Electric Company, Honeywell International Inc., SAP SE, Siemens Healthineers AG, Bota Biosciences , Culture Biosciences, e-matica srl, Exponential Genomics, Inc., FabricNano, OVO Biomanufacturing, and Symphony Innovation, LLC

In the past few years, the global digital biomanufacturing market has witnessed several strategic and technological developments undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are funding activities, mergers and acquisitions (MA), partnerships, alliances, business expansions, regulatory and legal activities, and new offerings. The preferred strategy for companies has been new offerings of products followed by partnerships, alliances, and business expansions.

 

Key Questions Answered in the Global Digital Biomanufacturing Market Report

• How has COVID-19 impacted the growth of the global digital biomanufacturing market?
• What are the key regulations governing the digital biomanufacturing market in key regions?
• What technological developments are projected to have the maximum influence on the global digital biomanufacturing market?
• Who are the leading players holding significant dominance in the global digital biomanufacturing market?
• What are some of the growth opportunities which market players can capitalize on?
• What are the drivers and restraints for the global digital biomanufacturing market?
• Which region has the highest growth rate in the digital biomanufacturing market?
• Which are the fastest growing countries in terms of the global digital biomanufacturing market?
• What are the key strategies being adopted by market players in the global digital biomanufacturing market?
• Which are the emerging technologies in the global digital biomanufacturing market?

Get Free Sample Report -  https://bisresearch.com/requestsample?id=1315type=download

How This Report Can Add Value

Assuming that the reader is a developer of digital biomanufacturing technologies, they will be able to do the following:

• Understand their position as compared to some of the key players in the market
• Stay updated with novel technology integration, features, and the latest developments in the market
• Understand the impact of COVID-19 on the adoption of digital biomanufacturing technologies and the entry barriers as a result of it
• Gain insights into which regions to target globally
• Gain insights into the end-user perception concerning the adoption of digital biomanufacturing technologies
• Identify some of the key players in the market and understand their valuable contribution.

BIS Research Related Market Studies:

Next Generation Biomanufacturing Market

Labels:

Comments

Post a Comment

Popular posts from this blog

PP Compound Market for Automotive Industry Open Up New Revenue Opportunities

  The global PP compound market for automotive industry is expected to reach $17,324.8 million by 2031, with a CAGR of 5.6% during the forecast period 2021-2031. The growth in the market is expected to be driven mainly by the need to reduce the weight of vehicles and demand for cheaper products that can be used in automotive parts. Impact of COVID-19 on the Global Polypropylene (PP) Compound Market for Automotive Industry Due to the COVID–19 pandemic, the PP compound market was severely impacted like many other industries. Automotive production in 2020 saw a decline of almost 16% due to the impact of COVID-19. In order to control the spread of the virus, the majority of the countries around the globe imposed stay-at-home orders, which led to the shutting of many manufacturing plants. As the production of vehicles declined, the demand for PP compounds suffered negatively in the year 2020. Market Segmentation Global Polypropylene (PP) Compound Market for Automotive Industry by Applicatio
Post a Comment
Read more

Growing Focus on Patient-Centered Healthcare led to Rise in Urgent Care Apps Market

Urgent care apps are intended to serve patients seeking urgent care by connecting them to a relevant specialist and facilitating further courses of action such as diagnosis, treatment, and monitoring.   Treatment can be offered remotely via text/audio/video calls, or help can be arranged to usher the patient to the nearest hospital. The widespread adoption of smartphones and increased demand for urgent and convenient access to care will be crucial to the market’s growth.  The global urgent care apps market was valued at $973.6 million in 2020 and is anticipated to grow to $10,150.5 million by the end of 2030 at a projected CAGR of 26.32% during the forecast period 2021-2030.   The aforementioned growth is based on the realistic forecast, which is the most likely growth scenario based on current market conditions. This scenario assumes that there will be no visible impact of COVID-19 beyond 2030. The changes in the market during that timeline can build upon the developments of
Post a Comment
Read more

Neoantigen Cancer Vaccine Market Technology Developments and Future Growth

  Looking at the recent oncology care trends, the World Heart Foundation estimates the global cancer treatment expenditure to reach $XX billion in the year 2031.   The increase in overall burden provides an opportunity for several companies to step in and introduce their innovative products in the market. The emergence of the neoantigen cancer vaccine can be considered as an evident example of emerging oncology care that can possibly prevail over the existing hurdles of treatment un-specificity and safety benchmarks. The global neoantigen cancer vaccine industry analysis by BIS Research projects the market to grow at a significant CAGR of 77.73% during the forecast period 2024-2031. The  neoantigen cancer vaccine market  is expected to generate $35.5 million in revenue in 2024, owing to the expected launch of the first neoantigen vaccine, DC vaccine in the market. The neoantigen cancer vaccine market growth has been primarily attributed to major drivers in this market, such as rising p
Post a Comment
Read more