Seattle, Oct. 27, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global digital biomanufacturing market is estimated to be valued at US$ 17.92 Billion in 2022 and is expected to exhibit a CAGR of 9.9% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Digital Biomanufacturing Market:
Inclination towards digital manufacturing with emerging application in analytical process is likely propel the growth of market. Moreover, strategic investment by key players is likely augment the growth of market. For instance, in 2019, GE Healthcare and Amgen announced digital data exchange collaboration program to improve biomanufacturing performance reliability
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Key Market Takeaways:
The global digital biomanufacturing market is expected to exhibit a CAGR of 9.9% during the forecast period. Increase in focus on upgrading the biomanufacturing industry for its production process is likely create significant opportunity for market growth
Among type, manufacturing technologies segment is expected to account for largest market share in the global digital biomanufacturing market over the forecast period. Manufacturing technologies are use in various industries to increase productivity and quality of products. This in turn is expected to drive the growth of segment
In terms of application, biomanufacturing process automation and control segment is expected to account for major share of the market in 2022. Emerging role of process automation in biomanufacturing process is anticipated to drive the growth of segment. For instance, upstream and downstream automation and control systems have been implemented by biopharmaceutical firms since 15 years
Among regions, North America is expected to dominate the global digital biomanufacturing market over the forecast period. Early adoption of cutting-edge technologies and presence of key market players is anticipated to drive the growth of market. For instance, in March 2019, Cytiva a leading provider of life science brand announced the collaboration with Amgen Inc multinational biopharmaceutical company to enhance the biomanufacturing performance. This collaboration enabled to optimize digital biomanufacturing capabilities
Competitive Landscape:
Key players operating in the global digital biomanufacturing market include 3M, ABB, Cytiva, Siemens, immersciobio, Sanofi, BIOMÉRIEUX, Agilent Technologies, Inc., GE Healthcare, Culture Biosciences
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Market Segmentation:
- Global Digital Biomanufacturing Market, By Type:
- Manufacturing Technologies
- Analytical and Process Control Technologies
- Others
- Global Digital Biomanufacturing Market, By Application:
- Bioprocess Optimization
- Biomanufacturing Process Automation and Control
- Others
- Global Digital Biomanufacturing Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Country:
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
- North America
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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
