Wellesley, Mass, April 05, 2017 (GLOBE NEWSWIRE) -- New proprietary research by BCC Research anticipates that increasing research in the life sciences and newer technological developments should boost the bioseparation global market by $5 billion from 2016-2021.The market should reach nearly $24.0 billion in the end year on a projected 4.7% CAGR.
BCC Research's Separation Systems for Commercial Biotechnology reports that modern industries have begun to explore the advantages of bioseparation systems in their production processes, which have led to a steady market. Research and development spending along with increasing competition and patent expiries are giving a new direction to the market.
Research Highlights
- Microfluidics and nano-fluidics are growing the lab-on-a-chip segment.
- Liquid chromatography as a segment is growing due to increased usage in research and clinical laboratories.
- The rising demand for biosimilars is expanding the chromatographic separations market.
"Modern industries have now begun to explore the advantages of bioseparation systems in their production processes, which have led to a steady market," says Kevin Fitzgerald, BCC Research editorial director. "Research and development spending, along with increasing competition and patent expiries are giving a new direction to the market."
Big Opportunities for Market Growth
The market has significant opportunities to expand and broaden due to the new technologies available in the market. The market entails continuous bioprocessing equipment and biomarkers. Traditional separation methods are being continuously modified to keep up with the demands.
"Single–use technologies and disposable techniques have improved over time, as with single-use continuous chromatography," says Fitzgerald. "Its development and improvement provides accuracy and precise data analysis, good functionality, reliability and cost efficiency. BCC Research predicts rising demand for bioseparation systems like chromatography, flow cytometer, and membrane filtration. Also, the demand for high quality reagents is expected to increase in respect to development of new drugs and different clinical tests. The market is moving, for sure."
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.