Market Trends of Bioprocess Analyzers Industry
This section covers the major market trends shaping the Bioprocess Analyzers Market according to our research experts:
Recombinant Protein Segment is Expected to Hold a Significant Market Share over the Forecast Period
A recombinant protein is encoded by recombinant DNA that involves the insertion of DNA encoding that protein into bacterial or mammalian cells. The protein is then purified after getting expressed in these cells. Recombinant protein is produced either by molecular cloning or through polymerase chain reaction (PCR). The major factors fueling the market's growth are the implementation of strategic initiatives by the market players, such as collaborations, approvals, and growing research and development activities. In March 2022, Pfizer Inc. and OPKO Health Inc. reported that the USFDA issued a Complete Response Letter (CRL) for the Biologics License Application (BLA) for somatrogon. Somatrogon is an investigational once-weekly long-acting recombinant human growth hormone for the treatment of growth hormone deficiency (GHD) in pediatric patients. For instance, in November 2021, I-Mab entered into a strategic collaboration agreement with Jumpcan Pharmaceutical Group, a leading Chinese pharmaceutical company specializing in and committed to pediatric medicines, for the development, manufacturing, and commercialization of I-Mab's highly differentiated long-acting recombinant human growth hormone, eftansomatropin alfa (TJ101), in mainland China. Similarly, in April 2022, Algenex received the final audit report from AEMPS, confirming that Algenex complies with the principles of the GMP for active substances of the European Union. This certification provides validation of Algenex's CrisBio technology platform for the production of recombinant proteins within the quality standards of the European pharmaceutical industry. CrisBio is Algenex's proprietary and patent-protected Baculovirus vector-mediated expression platform that harnesses the power of insects to act as natural single-use bioreactors by-product protein in chrysalises. CrisBio represents a new paradigm in biologics production, offering a quick, linearly scalable solution to meet the global demand for recombinant protein production without significant CAPEX investment.
Thus, the aforementioned factors are expected to increase the market's growth.
North America is Expected to have a Significant Share in the Market over the Forecast Period
North America is expected to have a significant share in the bioprocess analyzers market throughout the forecast period. Rising acquisitions between contract research organizations in the United States are expected to drive the market in this region. For instance, in March 2021, the United States HHS collaborated with Merck to repurpose its existing Merck facilities for rapid large-scale manufacturing of vaccines and therapeutics for use in public health emergencies, including the COVID-19 pandemic. Thus, the steps taken by the government to increase the production of vaccines in the country will boost the demand for bioprocess bags, as they are majorly used for vaccine production, thereby driving the market. Thus, such investments and partnerships by key players to boost the production of vaccines in the country indicate the growing demand for vaccines. To tackle this demand, the production of bioprocess containers is also expected to increase, thus driving the market. The establishment of manufacturing facilities, partnerships, and acquisitions indicating the boost in the manufacturing of 2D manufacturing bags will also contribute to the market's growth. In June 2021, Entegris Inc., a supplier of advanced materials and process systems for the semiconductor and other high-technology industries, expanded its Life Sciences manufacturing facilities located in the United States by investing USD 30 million. Through this investment, the company is planning to increase the production of the Aramus 2D bag product line and other clean, scalable, and reliable bioprocessing systems.
Thus, the aforementioned factors are expected to increase the market's growth.
