According to a new market report published by Lucintel, the future of the high throughput process development market looks promising with opportunities in biopharmaceutical companies, contract research organizations, and academic research institutes. The global high throughput process development market is expected to grow with a CAGR of 14% from 2020 to 2025. The major drivers for this market are rising research and development spending, growing biopharmaceutical industry, and increasing pressure to lower the cost of manufacturing.
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High throughput process development shortens development time, and at the same time, it increases the amount of information available during early process development. In this market, consumables, instruments, services, and software are the major products and services. Lucintel forecasts that consumables will remain the largest product and service segment over the forecast period due to rising research and development activities and new product developments.
Within this market, biopharmaceutical companies will remain the largest end user segment over the forecast period due to increasing development of drugs and rising pressure from regulatory authorities to lower the cost of production.
North America will remain the largest region over the forecast period due to rising research and development spending by pharmaceutical and biopharmaceutical companies, increasing demand for technical tools to improve the production quality of biological materials, and growing demand for reducing product development timelines in the region.
Danaher, GE Healthcare, Agilent Technologies, Merck Millipore, Thermo Fisher Scientific, Bio-Rad Laboratories, Eppendorf, Perkinelmer, Sartorius Stedim Biotech, and Tecan Group are among the major suppliers in the global high throughput process development market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global high throughput process development market by product and service, molecule type, technology, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global High Throughput Process Development Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global high throughput process development market by product and service, molecule type, technology, end user, and region as follows:
By Product and Service [Value ($ Million) shipment analysis for 2014 – 2025]:
Consumables
Miniature Prepacked Columns
Microtiter Plates
Miniaturized Disposable Bioreactor
Micropipettes and Pipette Tips
Other Consumables
Instruments
Automated Integrated Workstation
Automated Miniature Bioreactor System
Services
Software
By Molecule Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Monoclonal Antibodies
Other Molecules
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Chromatography
Affinity Chromatography
Ion-Exchange Chromatography
Multimodal Chromatography
Other Chromatography
Ultraviolet-visible Spectroscopy
Other Technologies
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Biopharmaceutical Companies
Contract Research Organizations
Academic Research Institutes
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.