According to a new report published by Allied Market Research, titled, “Bioprocess Validation Market by Test Type, Process Component, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” The bioprocess validation market size was valued at $ 0.26 billion in 2019 and is projected to reach $ 0.41 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027.
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Covid – 19 impact on Bioprocess validation market
The bioprocess validation market is positively impacted by the COVID-19 pandemic. Several pharmaceutical and & biotechnological companies use validation services for at least some of their bioprocessing. The bioprocessing sector is experiencing operational and personnel-related problems, but often these are related to increased activity. Essentially, all bioprocessing-related industrial activities are continuing largely unaffected in terms of operations and output. Many bioprocessing processes are being leveraged for the development of vaccines against coronaviruses. For instance, many companies, including developers and suppliers of services are increasing their pandemic-related R&D and manufacturing. Many suppliers of both equipment and services have begun increasing their activities in response to this increase, and to projected demand. The coronavirus disease could affect the global economy through three channels such as direct impact on production, supply chain & market disruption, and financial impact on firms & financial markets. In addition, this pandemic has affected the effect on production and import & export of finished goods, due to shutdown in various COVID-19-affected countries.
Key findings of the study
- By test type, the extractables testing services segment occupied 39.7% share of the bioprocess validation market in 2019.
- By end user, the pharmaceutical & biotechnology companies segment occupied 69.0% share of the bioprocess validation market in 2019.
- By region, Asia Pacific is anticipated to experience growth at 7.1% CAGR during the forecast period.
Prominent key players operating in the market include Cobetter Filtration Equipment Co., Ltd, Danher Corporation, Merck KGaA, Porvair Plc, Sartorius, Thermo Fisher Scientific, Inc., Meissner Filtration Products, Inc, Toxikon Corporation, Almac Group, and Biozeen.
Key Market Segments
- By End User
- Pharmaceutical & Biotechnology Companies
- Contract Development & Manufacturing Organizations
- By Test Type
- Extractables Testing Services
- Microbiological Testing Services
- Physiochemical Testing Services
- Integrity Testing Services
- Compatibility Testing Services
- Other Testing Services
- By Process Component
- Filter Elements
- Other Process
Key Market Players
- Almac Group
- Bangalore Biotech Labs Pvt Ltd (Biozeen)
- Cobetter Filtration Equipment Co., Ltd
- Danher Corporation.
- Meissner Filtration Products, Inc.
- Merck KGaA
- Porvair Plc
- Sartorius Ag
- Toxikon Corporation
- Thermo Fisher Scientific, Inc.
The pharmaceutical & biopharmaceutical companies segment is projected to grow at the highest CAGR of 5.8% during the forecast period, owing to increase in production of biopharmaceuticals & consistent increase in the number of impurities to be checked along with the stringency of standards & regulations regarding the quality and validity of bioprocesses involved in the production.
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